Headhunter Calls On Cycle 2025

Had reach out from 2 headhunters to schedule calls – should we anticipate the process locking off in the next week or two? Could be an absolute mess all round if so

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Yeah fuck that, I’m not ready, all these firms are gunna have to miss out on hiring me 😤😤 /s

 

“We are following up on our registration note to schedule a fifteen-minute introductory conversation with you. We would love the opportunity to discuss your background and interests, as well as answer any questions you may have about buyside recruiting.

 

Would love to be proven wrong here but I believe this is just HHs making sure they have you in their system IN CASE on cycle kicks off soon. That said, it’s a bit of a chicken and egg situation cuz as soon as they start collecting names MFs find out and then they think they have to move as soon as possible. Last year I think everything kicked off after analysts finished training - would expect that to be the same this year at the minimum

 

LOL my call was so awkward i dont think i have a chance lmao

 

wait everybody here is a current summer analyst? rising seniors?

 

Received email from HSP that they are not doing calls yet

 

if you signed up on the HH website after they invited you and didn't hear back for the call when others did are you done for? Or does it come in waves?

 

Think it comes in waves based on priority, bandwidth, etc etc

 
Funniest

davidsmith2:

Does anyone actually feel ready? Maybe if our class shits the bed hard enough they'll stop pushing the timeline up lol

Nah. Hate to be the bearer of bad news but doing it as early as possible is completely no regrets for PE firms. You snap up all the little hardos that absolutely crushed paper LBOs blindfolded in fluent Latin at age 14 back at THE Phillips Exeter Academy and fill the rest of your class in the off cycle by putting people through 15 rounds of interviews including technicals with the entire janitorial staff and 4 hour take home excel tests.

That’s not gonna change any time soon

 

djdiidudus:

The first movers are planning to kick off on Friday 

Don’t believe Mr. 5 banana

 

djdiidudus:

The first movers are planning to kick off on Friday 

Don't believe Mr. 5 banana

Fair enough — am not going to jeopardize my position by posting from an account with any history. Take or leave as you will.

 

Would not be surprised, headhunters and firms rapidly moving it seems

 

Lowkey prob don’t want to ruin your reputation if you aren’t ready

 

how to best proceed if just starting prep - give up? this timeline is nuts, thought would have at least the weekend

Strategy depends on what you want:

  1. Are you happy with any seat in PE?
    • Go forth and on cycle your life away - worst case you get zero offers and just recruit on the off cycle. Best case you find a spot and never have to think about this again
  2. Would you only be happy with specific seats in PE (i.e. specific firms)?
    • 2a: Are you prepared for an excel test / paper LBO / general accounting & valuation question
      • The world is your oyster
    • 2b: What is LIBOR?
      • Categorically do not participate in on cycle. Most if not all firms that interview you in on cycle will not interview you in off cycle - you only get one shot at this. 
      • But what if my dream firm is BX/KKR/APO and they historically fill all their seats in on cycle?
        • ¯\_(ツ)_/¯ - should have thought about that before going on that post-grad trip to Europe
 

Do you need to know how to build a 3-statement operating model or a full LBO (3-statements)?

I can't build a 3-statement model but I'm pretty comfortable with paper LBOs and can build a basic 90min LBO (no balance sheet), will I be ready for on-cycle with MF/UMM PE? 

 

You guys really don’t know shit this what everyone said last year too.

 

Seems like the fearmongering on websites like this, through word of mouth, etc. is what's causing things to start earlier and earlier every time. Not sure why people keep making this same mistake every year -- if we all just kept quiet after initial headhunter outreach the firms don't get wind of it and don't start this early.

 

Lmao a variation of this exact statement was said last year the week before Labor Day and it still kicked off August 29

 

The whole point of on-cycle is that it's irrational. Nobody wants to kick off this early because the candidates suck, but nobody wants to be beat to be the first one. Actually a very interesting real life example of some game theory

 

Can be either - I've had HHs reach me on both and just ask the ones who email my company email to forward any communication to my personal

 

A few BBs haven't even started their training program yet, not to mention hitting the desk... Can they really recruit before/during training?

 

Could just be coffee chats like every other firm is ramping up on right now

 

Anonymous Monkey:

Could just be coffee chats like every other firm is ramping up on right now

People forget on this site so easily - Apax kicked things off for on cycle 23 with this exact strategy. Invited kids to coffee chats which were actually first rounds.

To all of you that got a coffee chat with a director (lol), don’t be surprised if they ask you to do a paper LBO

 

Good luck everyone… should be seeing interviews soon

 

TA Associates reached out about information sessions

 

Got it too, anyone knows which HH covers TA? Not sure how they got my personal email lol, didn't look like they went through a recruiter for the session invite.

 

Can confirm two more MF’s not on this list have started coffee chats. I haven’t even been able to meet with all the HH yet because their slots were all full. Ridiculous.

 

Yes. I think emailing them if you didn't get a look is the best option.

 

Friend of mine is interviewing tonight at a small fund. Can't reveal name as would expose them but looks like things could be rolling...

 

As much as I like this website the misinformation on here is the reason why this process gets so expedited. Soon as someone says they heard that X firm kicks off (which is probably a rumor that isn't true) that leads to analysts chatting and telling HH they heard that X started etc. That then leads to HH telling firms to start because thats the chatter they're hearing among analysts. Word spreads fast. Seems like a self fulfilling prophecy to me so lets just chill.

 

Hey, we have just announced a PE Interview bootcamp for July 21, 2023. Check it out here.

Edit: The Bootcamp is sold out. If you couldn't get a seat, please check out our PE interview Course. Good luck with the interviews!

 

Wouldn’t worry about it. Could put a now 2nd year from internship last year. Irrelevant in the grand scheme of things

 

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Stonks. 
 

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