Point72

1.0

Feb 3, 2016

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Great health benefits. They offer tuition reimbursement. The office is in a convenient location. They have a cafeteria on site and free snacks.

Cons

Based the experiences of myself and others, it's pretty clear women who are black or mixed with black will never get a fair chance at Point72. The firm's discriminatory practices are sometimes blatant but oftentimes veiled. My impression is many managers and senior management advocate soft bigotry of low expectations where black women are concerned. Black women are denied opportunities for growth and development and repeatedly subject to double standards. Regardless or how much more deserving we were (than others) of a more promising role, we were not granted that opportunity. They repeatedly find ways to justify their biased approach. While others are groomed and provided with tools and tutelage to expand their knowledge base and progress, black women on the other hand were (and still are) kept down and oftentimes had to deal with obstacles and hindrances placed intentionally to result in failure. They would rather assist, groom then promote someone is not a black female - despite that individual's struggles and absence of true potential - than to groom a black female who is more experienced, shows great potential and has met and exceeded expectations time and again. To top it off we were subject to their resentment if we gave them any indication that we are intelligent and capable of far more than the menial role they pigeon hole us in - as if being subject to their discriminatory practices wasn't enough. If you advocate soft bigotry of low expectations where black women are concerned, then you will fit in perfectly at Point72

Point72 Response

10y

Thank you for taking the time to write a review about Point72. We care deeply about our culture and work environment, and sincerely appreciate all feedback that helps us to build on our (considerable) strengths, and to improve when we fall short of our stated Mission, which includes “offering the greatest opportunities to the industry’s brightest talent.” You write with great feeling about unfairly being denied opportunities for professional growth, and about “the soft bigotry of low expectations”. You also expressed the view that your experience was not unique, and that black women in particular are systematically denied opportunities afforded to other, less qualified people. I don’t know the facts of your case so can’t respond directly, other than to assure you that I am truly sorry that you had such a negative experience here. I can say, with absolute conviction, on behalf of the entire Point72 senior management team, that the kind of environment, attitudes and behaviors you described are utterly at odds with our values, and will not be tolerated. I have personally undertaken a review of promotion patterns and related data to identify and address any areas of the Firm where opportunities for growth and development are being influenced by anything other than merit. If you would be willing to share more details regarding your personal experiences, I will investigate and take appropriate steps to address any behavior or practices that are inconsistent with our values. Sincerely, Michael Butler Head of Human Capital michael.butler@point72.com

Black Women Need Not Apply - Anonymous employee Point72 Employee Review

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