Start here: what the program is and whether you can still apply
This is a competition, not a Point72 internship or Academy analyst role.
| Question | Answer |
|---|---|
| What is it? | A team stock-pitch competition, not an internship. |
| Who can enter? | Teams of 2–4 first- or second-year students from the same U.S. university; graduation December 2028–July 2030. |
| First deadline | Register by October 1, 2026. |
| Main work product | Public-source investment thesis and presentation due October 12. |
| Final round | November 12–13 in New York for selected finalists; travel/accommodation covered within reason. |
| Item | Current detail |
|---|---|
| Program type | Team investment case competition; not an internship |
| Status | Registration open as of September 22, 2026 |
| Registration deadline | October 1, 2026 |
| Case released | October 2, 2026 |
| First presentation due | October 12, 2026 |
| Finalists notified | By October 26, 2026 |
| Final presentation due | November 9, 2026 |
| Final event | November 12–13, 2026, New York City |
| Team size | 2–4 students from the same U.S. university |
| Academic stage | First- or second-year undergraduates |
| Graduation window | December 2028 through July 2030 |
| Finalist travel | Point72 covers travel and accommodation expenses within reason |
Point72’s 2026 U.S. case competition is open as of September 22, 2026. It is an investing competition run through Point72 Academy. Your team researches a company selected by Point72, builds an investment thesis from public information and submits a presentation. Only finalist teams advance to the in-person final in New York City.
Do not treat the competition as a remote internship or as admission to Point72 Academy. The current posting says prizes include scholarships and an accelerated interview process for future opportunities. That is a competition outcome, not a promise that every registrant or finalist receives an internship interview.
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Eligibility: the hard filters come before the stock idea
All team members must be first- or second-year undergraduates, attend the same accredited U.S. undergraduate institution and remain enrolled there throughout the competition. Every team member must fall inside the December 2028–July 2030 graduation window. Finalists must all be available in New York on November 12–13, and every member must have a speaking role in the final presentation.
The current rules do not state a required major, a minimum GPA or a prior internship requirement. The application does collect academic information, and the captain is asked for a current transcript, cumulative GPA and SAT or ACT score. Do not turn those requested fields into an invented cutoff.
Point72 also does not list prior finance work experience as an eligibility requirement. Phrase that as an absence of a stated requirement, not as a promise that no experience is required. The first judged deliverable is an investment thesis and presentation, so the team still needs a working research process.
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Application and selection flow
One team captain submits the application for the full team. The captain chooses the team name and uploads a resume for each member. The current form also asks the captain for a transcript, graduation date, cumulative GPA and SAT or ACT score, plus each teammate’s name, email, graduation date and resume.
There is no separate pre-case interview step listed in the current process. Register by October 1, receive the assigned company and instructions on October 2, submit the first presentation by October 12, and wait for finalist selection by October 26. Finalists receive a 60-minute mentor feedback session, submit the revised presentation by November 9, and present in New York on November 12–13.
The current rules encourage thoughtful use of AI to support research and analysis. Treat that as a rule for this competition cycle, not a blanket rule for other Point72 applications. Your team still owns the thesis, evidence, calculations and claims.
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The useful output is a defensible stock pitch
The company is selected by Point72, and the analysis must use public information. Build the thesis before polishing slides: what does the market appear to believe, what do you believe instead, which public facts support or contradict the view, which assumptions drive valuation, and what would make you change your mind?
| Work block | Question to answer | Inspectable output |
|---|---|---|
| Business | How does the company actually make money? | Revenue drivers and unit definitions |
| Variant view | Where does your view differ from a reasonable market view? | One-sentence thesis plus supporting claims |
| Evidence | Which public facts support or contradict each claim? | Source log with dates and links |
| Valuation | What assumptions connect the thesis to price? | Model or valuation bridge with sensitivity checks |
| Risk | What would falsify the thesis? | Named risks, leading indicators and a downside case |
| Presentation | Can every team member defend the logic? | Final deck plus rehearsed Q&A |
Use one shared evidence sheet with the claim, source, date, number or quote, and the slide that uses it. Divide work by analytical responsibility rather than slide count. Everyone should still understand the full recommendation because each finalist must speak.
Before submission, have one teammate try to disprove the thesis. A clean downside case and a clearly labeled assumption are stronger than another slide of unsupported confidence.
How selective is it?
The process is selective in a concrete sense: eligible teams submit a judged case, only a subset becomes finalists, and finalists present to Point72 investment professionals. The current application does not publish the number of registered teams, the number of finalist teams or an acceptance rate. Do not convert participant counts from another year into a 2026 acceptance rate.
Use the selection structure, not a made-up percentage, when deciding whether the effort is worth it. Even without the final round, a completed case can give you a stronger example of investment research than another generic finance club line if you can explain what you personally did and what evidence changed your view.
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Describe the stage you actually reached
Do not turn the competition into an internship title. After submitting the first-round case, you can accurately name the Point72 Academy National Case Competition and describe the public-source research, investment thesis and presentation you completed. If you become a finalist, add the finalist designation and New York presentation only after that happens.
A resume bullet should name your own contribution: building the valuation, researching an operating driver, stress-testing an assumption or coordinating the source log. Do not claim the scholarship, mentor session, finalist status or accelerated interview process unless your team actually receives it.
For later interviews, keep one decision you changed because of evidence. “Our first thesis depended on an assumption that did not survive the source check, so I changed the model and recommendation” is a stronger signal than merely saying the team completed a pitch.
Form the team around the work before October 1
You have roughly ten days between receiving the case and submitting the first deck. Choose people who can work on the same schedule and cover different failure modes, not just friends or finance-club members.
| Need | Evidence to look for |
|---|---|
| Company research | Can turn filings, earnings materials and industry sources into a short factual brief |
| Financial reasoning | Can connect operating assumptions to financial statements, valuation or scenario analysis |
| Skepticism | Will test the thesis instead of defending the first idea |
| Communication | Can make one conclusion understandable without reading the slide |
| Execution | Will show up for working sessions and can attend New York if selected |
If your team has little investing experience, do one small practice pitch before the case arrives. Pick a public company, write a one-sentence thesis, identify two supporting facts and one disconfirming fact, then challenge it. You need a working research process more than a rehearsed hedge-fund vocabulary.
What to do next
Before October 1, confirm the year, graduation date, same-institution and final-round availability rules; choose two to four teammates and a captain; collect every resume; and register early enough to fix a missing transcript, score or teammate field.
After October 2, keep one source log and one assumptions sheet. Set an internal first-draft deadline before October 12 so the team can attack its own thesis rather than only format slides. If you become a finalist, use the mentor session to test the weakest part of the argument and record what changed because of feedback.
Treat scholarships or accelerated-interview instructions as a separate recruiting process. Continue applying to internships separately; competition participation is not an internship application.
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