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Based on the most helpful WSO content, it seems that both headhunters and internal talent teams play a significant role in the recruitment process. Headhunters are often used for roles ranging from analyst level to director, and they work with a variety of clients including big 4 consulting firms, tier 2/3 chartered firms, bulge bracket/global/boutique investment banks, and financial advisories.

However, it's also common for firms to have internal talent teams that handle recruitment. For instance, some firms prefer to recruit directly because they appreciate candidates with a fundamental background.

So, in essence, both headhunters and internal talent teams can be useful depending on the specific circumstances and preferences of the firms.

Sources: Q&A: Headhunter/Recruiter - M&A Investment Banking, AM vs HF: The Business of Our Business, Can someone make a LO AM tier list?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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