GS TMT Weak Exits On-Cycle 2023?

I don’t think I’d say GS TMT exits are ever “weak,” they may just not have had as good or prepared candidates this year. Many factors play into the process.

Have heard that FIG had better on cycle placement this year due to culture / better and earlier prep

Were exits from TMT SF good to NY funds?

What are the exits?

No clue on GS this year, but will say recruiting from a sweat shop is super tough. I’m at a pretty sweaty bank but got lucky with staffings so I could recruit, but some of my colleagues physically did not have time to prep or interview because of how sweaty my bank can be. Wouldn’t be surprised if this was similar at GSTMT - no matter how great your bank, you won’t get hired without time to prepar

It's not that exits were weak, but heard that out of the ~ 18 analyst class, only 2 - 4 participated in the on-cyle recruitment process. This was due to 2 main reasons 1) analysts at GS TMT have been working insane hours which I assume makes it hard to find time to study / prep and even participate in recruitment itself when the process started. 2) I heard there was a sense of the analysts thinking they were "too good" to follow the herd and participate in on-cycle. Know they all had headhunters spamming their inbox and voicemail but most just ignored their efforts to reach out and turned down their interviews. Think most of them are planning to do off-cycle as there are always open positions for exceptional candidates.

Tech opportunities were weird this year. A bunch of top venture growth shops went earlier than on cycle and not very many went on cycle, so think a lot of analysts at top tech / tmt groups (gs, ms, q, etc.) sat it out because they either already had something or there was nothing interesting