I was thrilled to land a summer internship at Point72, a leading hedge fund. The experience was incredibly valuable and helped me shape my career goals.
Point72's summer internship program is highly competitive, with only a small percentage of applicants selected. I was one of the lucky ones, and I'm grateful for the opportunity.
During my internship, I worked closely with experienced traders and analysts, learning the ins and outs of the industry. I was exposed to the firm's proprietary trading strategies and gained a deeper understanding of the markets.
The program also provided opportunities for professional development, including workshops and training sessions on topics like risk management and financial modeling. These skills will undoubtedly serve me well in my future career.
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Company Information
Point72 is a global investment management firm with a presence in several countries, including the United States, the United Kingdom, and Hong Kong.
The company was founded in 2014 by Steven A. Cohen, a well-known hedge fund manager.
Quantitative Investing
At Point72, you'll have the opportunity to work on innovative projects, like quantitative investing, where you can apply your skills to analyze and understand global financial markets. This is made possible by the company's collaboration with Cubist, which provides a platform for researchers and developers to conduct research on market dynamics.
Cubist's resources are a game-changer for aspiring quant investors, allowing them to explore and develop new ideas in a supportive environment.
Turning Experience into a Job
Point72's internship program offers a unique opportunity for students to turn their experience into a job.
Every summer intern has a chance to get a full-time job at the firm.
Point72 takes a different approach than some other firms, where interns compete for a limited number of full-time spots.
Instead, the firm focuses on finding the right fit for both the intern and the company.
As a result, about 74% of interns received a return offer to join the academy full-time last year, and 97% of them accepted.
Take a look at this: Firm Value Definition
Getting the offer can lead to a job as a senior analyst and even a portfolio manager, but it requires a genuine interest and commitment from the intern.
It's not about hiring as many interns as possible, but about finding the right candidates who are passionate about the work and willing to put in the effort.
The firm's approach is to make it a mutual decision at the end of the summer, ensuring that both parties are on the same page.
This approach has led to a high acceptance rate, with most interns eager to join the firm full-time.
The demanding nature of the job is not sugarcoated, but the rewards for those who are passionate about markets and dedicated to understanding companies are well worth it.
Check this out: Investor Relations Firm
Frequently Asked Questions
How much do Point72 interns get paid?
Point72 interns, including Summer Academy Interns, receive a salary of $45,618 per year. This is the estimated lowest-paying job at Point72.
How hard is it to get a Point72 internship?
Getting a Point72 internship is highly competitive, with only 0.6% of applicants receiving an offer in the past year. If you're interested in joining their team, be prepared for a rigorous application process.
What is the acceptance rate for Point72 internship?
The acceptance rate for Point72's summer internship is extremely low at 0.6%. This highly competitive program only accepts a record 55 interns each year.
Sources
- https://the-trackr.com/na-finance/
- https://point72.com/working-here/
- https://www.businessinsider.com/point72-jaimi-goodfriend-explains-summer-internship-for-aspiring-analysts-2024-6
- https://www.rebellionresearch.com/point72-summer-internship
- https://www.rebellionresearch.com/how-hard-is-it-to-get-a-point72-internship
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