Pros
Few pros here -- fair amount of responsibility delegated to analysts, employees passionate about fundamental research, nice office with amenities.
Cons
Don't let the recent flood of positive reviews fool you; employees were clearly asked to counter to negative comments from before. Alger maintains the most unhappy, negative culture I've ever come across. Specific cons include: rigid hierarchy, unnecessary assignments for the sake of useless fundamental research, incredibly arrogant and snobby senior management, a nonexistent culture, and an attitude of despair felt by almost all employees. There are many other great shops -- and other jobs -- with more positive work environments and more driven employees. Do not fall into the Alger trap. Senior management is intelligent but not leadership material, failing to inspire employees and instead fostering an atmosphere of resentment. Calling Alger a company with culture is an overstatement. It is more a collection of isolated individuals who like to invest, but with no interest in creating an enjoyable work place. Talented junior employees should especially not waste their time at Alger -- there are so many better jobs and leadership teams out there. Only those who are obsessed with fundamental research and investing should consider a position here. If you are looking for a positive culture or decency, look elsewhere.