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Millennium Management
2.5
based on 37 Reviews
Company Overview
Company Locations
Working at Millennium Management
Company Summary
Overall Rating
2.5/5
based on 37 reviews
34% below
industry average
Critically rated for
Promotions, Work satisfaction, Skill development
Work Policy
Monday to Friday
32% employees reported
Strict timing
52% employees reported
Within city
38% employees reported
Day shift
92% employees reported
View detailed work policy
About Millennium Management
Founded in1989 (36 yrs old)
India Employee Count--
Global Employee Count1k-5k
HeadquartersNew York,New York, United States (USA)
Office Locations
--
Websitemlp.com
Primary Industry
Other Industries
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Millennium is a global alternative investment management firm, founded in 1989, which manages more than $45 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies. Our four primary strategies are RV Fundamental Equity, Equities Arbitrage, Fixed Income Strategies, and Quantitative Strategies. Millennium was founded on the belief that innovation and results come from empowering talented, independent-minded individuals. To us, success is the combination of drive and discipline.
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Millennium Management Ratings
based on 37 reviews
Overall Rating
2.5/5
How AmbitionBox ratings work?
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12
4
7
3
6
2
2
1
10
Category Ratings
3.2
Salary
2.5
Company culture
2.5
Job security
2.5
Work-life balance
2.5
Skill development
2.5
Work satisfaction
2.3
Promotions
Millennium Management is rated 2.5 out of 5 stars on AmbitionBox, based on 37 company reviews.This rating reflects a below average employee experience, indicating poor satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Millennium Management Reviews
Compare Millennium Management with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 2.5/5 based on 37 reviews | 3.8/5 based on 6.6k reviews | 3.7/5 based on 4.5k reviews | 3.9/5 based on 6.3k reviews |
Highly Rated for | No highly rated category | Work-life balance Job security | Salary | Job security Skill development Salary |
Critically Rated for | Promotions Skill development Work-life balance | Promotions | Promotions Skill development Work satisfaction | Promotions |
Primary Work Policy | - | Hybrid 83% employees reported | Hybrid 89% employees reported | Hybrid 62% employees reported |
Rating by Women Employees | 2.1 Poor rated by 4 women | 3.9 Good rated by 2.1k women | 3.7 Good rated by 1.5k women | 3.9 Good rated by 2.1k women |
Rating by Men Employees | 2.5 Poor rated by 27 men | 3.8 Good rated by 4.3k men | 3.7 Good rated by 2.8k men | 4.0 Good rated by 3.8k men |
Job security | 2.5 Poor | 3.9 Good | 3.6 Good | 4.0 Good |
View more
Millennium Management Salaries
Millennium Management salaries have received with an average score of 3.2 out of 5 by 37 employees.
Software Engineer
(8 salaries)
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₹40 L/yr - ₹99 L/yr
Operations Specialist
(7 salaries)
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₹16 L/yr - ₹28 L/yr
Compliance Analyst
(5 salaries)
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₹7.5 L/yr - ₹14 L/yr
Accountant
(4 salaries)
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₹2 L/yr - ₹10 L/yr
HR Operations Analyst
(4 salaries)
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₹8.5 L/yr - ₹27 L/yr
Software Developer
(4 salaries)
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₹40 L/yr - ₹1 Cr/yr
Quantitative Researcher
(4 salaries)
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₹45 L/yr - ₹90 L/yr
Cloud Devops Engineer
(3 salaries)
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₹80 L/yr - ₹1 Cr/yr
Business Unit Controller
(3 salaries)
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₹51 L/yr - ₹55.3 L/yr
Junior Consultant
(3 salaries)
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₹2.6 L/yr - ₹3 L/yr
Millennium Management Jobs
Popular Designations Millennium Management Hires for
Popular Skills Millennium Management Hires for
Current Openings
Millennium Management News
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March is off to a painful start for big-name hedge funds
- Big-name hedge funds like Millennium, Point72, Balyasny, and Schonfeld have lost money so far in March.
- Market volatility and momentum-linked trades have contributed to the losses.
- Even some of the previously successful multistrategy firms like Balyasny and Schonfeld have struggled in March.
- The market downturn and concerns about rich valuations have further increased uncertainty.
Insider | 11 Mar, 2025
Meta has various 'block' lists for former employees — and it's sparking debate
- Meta, formerly known as Facebook, has been found to maintain internal 'block' lists that prevent some former employees from being rehired.
- The existence of these lists has sparked debate and revealed a lack of transparency in corporate hiring practices.
- The story highlights the influence of middle managers in determining future employment prospects.
- Smaller hedge funds are struggling to compete against the dominance of larger multistrategy firms like Millennium, Citadel, Point72, and Balyasny.
- PR maven Lulu Cheng Meservey is admired by some, including Bari Weiss and Sam Altman, for her direct and nontraditional style.
- Elon Musk's management of the Department of Government Efficiency (DOGE) has faced criticism for its aggressive tactics and political recklessness.
- Millennials are embracing adulthood, facing challenges such as buying homes, starting families, and climbing the professional ladder.
- The article also touches on topics like tech giant Microsoft's performance review process and insights from 'Bond King' Bill Gross.
- From concerns about software engineers to millennials navigating homeownership, the article delves into various current affairs and trends.
- The Meta 'block' list revelation and other industry insights offer a glimpse into the evolving landscapes of tech, finance, and personal development.
Insider | 9 Mar, 2025
$21 billion Balyasny is closing its Madrid office after cutting its only portfolio manager based there
- Chicago-based Balyasny is closing its Madrid office and cutting its only portfolio manager there.
- The $21 billion hedge fund still maintains a large presence in London, and has offices in Denmark and Poland.
- The Madrid office closure is part of Balyasny's strategic move in revamping its stock-picking unit.
- Balyasny made a return of 13.6% in 2024 and is outperforming larger competitors such as Citadel and Millennium for 2025 so far.
Insider | 4 Mar, 2025
Hedge funds' biggest names — Ken Griffin and Izzy Englander —were stung in a tough February
- Top hedge funds such as Citadel and Millennium lost money in February, people familiar said.
- Geopolitical tensions brought on by President Donald Trump led to rocky markets last month.
- Some multistrategy rivals, including Balyasny, ExodusPoint, and Verition, still made money.
- Ken Griffin's Citadel and Izzy Englander's Millennium lost money during the month, which was highlighted by constantly changing trade policy proposals from US leadership and shrinking consumer confidence.
Insider | 4 Mar, 2025
The hedge funds reshaping the entire industry — and leaving everyone else behind
- A report highlights four major hedge fund firms, Millennium, Citadel, Point72, and Balyasny, dominating the industry, reshaping the landscape and posing challenges for newcomers.
- These firms' fundraising prowess and talent recruitment have made it hard for emerging companies to compete, resulting in a more concentrated and expensive market for hiring.
- The high competition for talent and funds has made setting up new hedge funds daunting, even for experienced individuals like former Millennium executive Bobby Jain.
- The vast capital waiting list at firms like Point72, owned by Steve Cohen, emphasizes the difficulty of competing in the current market.
- This dominance could lead to less competition in the industry, prompting smaller funds to explore alternative strategies and niche investments to survive.
- With larger firms resembling banks, smaller players have the advantage of agility, utilizing AI to enhance efficiency and stay competitive.
- Other news includes Europe's potential leverage in the Ukraine crisis, Trump's focus on cryptocurrencies, and the challenges facing millennials in embracing adulthood.
- In the tech sector, a new dating app, Left Field, aims to revolutionize the dating experience, while Hulu faced technical difficulties during the Oscars livestream.
- Business insights cover success indicators for startups, the leadership strategies of DOGE's acting administrator, and Starbucks' CEO's efforts to revamp the brand.
- Also, discussions on cancel culture, the state of negotiation between Trump and Zelenskyy, and analysis of the bitcoin market and employment at Netflix were featured.
- The 2025 Oscars fashion hits and misses, as well as the upcoming Paris Fashion Week, were among the entertainment and lifestyle highlights.
Insider | 3 Mar, 2025
How hedge funds became an industry of haves and have-nots — and what it means for the $4.5 trillion sector
- Smaller hedge funds used to outperform larger peers, but the industry is now dominated by big multistrategy firms like Millennium, Citadel, Point72, and Balyasny.
- The big four firms have outperformed despite their size, leading to unprecedented concentration of capital and talent in the hedge fund industry.
- Smaller multistrategy funds are facing challenges in fundraising as investors now prefer the established big players over emerging managers.
- More than 71% of the 18,600 people employed by multistrategy firms work for the big four, leaving smaller funds with limited resources.
- Some smaller platforms struggle to raise capital due to the dominance of the big firms, causing pressure on their business models that rely on scale.
- The capital concentration in top firms like Point72 and Citadel has led allocators to consider alternative investments like private credit.
- Smaller multistrategy funds need to offer unique value propositions to compete with the big four, such as focusing on niche opportunities or geographic differentiators.
- Firms with assets between $500 million and $5 billion have faced net outflows, while larger firms attracted new capital, signaling a preference for established players.
- Some midsize shops are personalizing their offerings to attract institutional investors by aligning fees, liquidity, and risk management to meet specific needs.
- Recreating multistrategy returns at a lower cost could be a winning strategy for smaller funds, attracting backers with algorithm-driven structures and efficient operations.
Insider | 3 Mar, 2025
Bitcoin ETFs See Institutional Ownership Multiply 55x In Less Than A Year
- The institutional adoption of Bitcoin ETFs has increased by nearly 55 times in the past 11 months.
- Goldman Sachs and Millennium Management have substantially increased their Bitcoin ETF holdings.
- The total assets under management for US-traded spot Bitcoin ETFs exceed $56 billion.
- The rise in Bitcoin ETFs indicates a wider institutional trend towards digital assets and may lead to increased stability and wider acceptance.
Bitcoinist | 21 Feb, 2025
Portfolio managers turned consultants and podcasters are demystifying what it's like to work at big-name hedge funds like Citadel or Point72
- New consultants and podcasts have launched to help people understand how the biggest hedge funds work.
- Marc Greenberg launched a consulting firm called Greener Pastures that works with smaller funds on talent development and their research process.
- Brett Caughran founded a training academy, Fundamental Edge, in 2022 with the explicit purpose of training young people in finance for jobs at multistrategy funds.
- Doug Garber has launched a podcast called 'Pitch the PM' where he reviews stock pitches in the same way he would if he were still investing for hedge fund founders Ken Griffin or Izzy Englander.
- As the hedge-fund industry has matured and more capital has concentrated among the biggest players, there's a growing demand for talent to keep it all running.
- The lack of talent has led to bidding wars that rival free agency in major sports leagues.
- Greenberg, Caughran, and Garber are all, in a way, speaking to the youngest in the talent pool and increasing the brand recognition of the industry's biggest managers.
- The advent of Substacks like Greenberg's and podcasts like Garber's only increases awareness of these firms and what they're like from an insider's perspective.
- These consultants and podcasters aim to demystify the pod hedge fund space, which is constantly in need of talent.
- The hedge fund PMs 'work really hard and know their companies really well,' and the success of these managers is driven by 'the men and the women in the seats.'
Insider | 10 Feb, 2025
Walleye, Balyasny start 2024 strong. Here's how hedge funds did in January.
- Walleye, which runs $5.8 billion in its multistrategy fund, led the way with a 3.6% gain in January.
- Balyasny and Schonfeld were also up in January, making 2.5% and 2.2% respectively.
- ExodusPoint and Millennium made 2% and 0.5% in January, respectively.
- Overall, despite market volatility, multistrategy hedge funds had positive performance in January.
Insider | 4 Feb, 2025
How to get jobs and internships at top hedge funds like Citadel, D.E. Shaw, and Point72
- Hedge funds like Citadel, Point72 and Millennium are constantly competing to gain an edge in a cutthroat industry by recruiting top talent.
- Internships and training programs are being used by the funds to create a steady employee pipeline.
- Eye-popping pay, challenging work environments and the promise of working with some of the best investors in the industry make these funds an attractive employment option.
- Internships are an important talent pipeline for the biggest multi-strategy funds to employ armies of traders and engineers.
- Training programs are also an increasingly popular recruitment strategy to create a pipeline of portfolio managers.
- Hedge funds have long been competing with the finance industry and top tech companies for top technologists.
- Firms like Citadel, D.E. Shaw, and Millennium are open to hiring young, diverse and talented students.
- D.E. Shaw's internship can pay up to $22,000.
- Citadel's summer internship program has become increasingly competitive in recent years with an acceptance rate of roughly 0.5% among the 85,000 applicants.
- These firms are investing in getting young, diverse wunderkinder, especially mathletes, familiar with their brands as soon as high school.
Insider | 2 Feb, 2025
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Millennium Management FAQs
When was Millennium Management founded?
Millennium Management was founded in 1989. The company has been operating for 36 years primarily in the Financial Services sector.
Where is the Millennium Management headquarters located?
Millennium Management is headquartered in New York,New York.
Does Millennium Management have good work-life balance?
Millennium Management has a work-life balance rating of 2.5 out of 5 based on 30+ employee reviews on AmbitionBox. 49% employees rated Millennium Management 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Millennium Management reviews for more details
Is Millennium Management good for career growth?
Career growth at Millennium Management is rated as poor, with a promotions and appraisal rating of 2.3. 49% employees rated Millennium Management 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Millennium Management reviews for more detailed insights.
What are the cons of working in Millennium Management?
Working at Millennium Management does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, work satisfaction and work life balance, based on 30+ employee reviews on AmbitionBox.
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