PE Oncycle Recruiting

I am an incoming IB intern for a BB in NYC. Right now my focus is getting a return offer this summer but I wanted to ask here if anyone can clarify what the process is for on-cycle recruiting when you're a FT IB analyst. The process is not touched on well in uni and it seems like a black-box. Given oncycle is said to start approx one month into your job, do you prep during your final year of college? 

My other questions are:

1. Do you reach out to headhunters yourself to set up meetings? Or will they reach out to certain IBD groups at banks? Where do you get headhunter emails? When should you start reaching out for exploratory chats? 

2. Do you coffee chat PE firms directly? Or is the process done completely through headhunters?

3. Do on-cycle timelines differ for mega funds? Or do most funds have it all at the same time?

4. Can you even take time off work to interview as an IBD? Will your team get annoyed?

5. What advice do ppl have for students to figure out what investment strategy is the most interesting? Given analysts will likely not have that much deal experience, how do we communicate that we want to do buyout/growth/vc/alternatives etc.?

Any information on the process/personal stories would be much appreciated. 

Cheers

5 Comments
 

Porro sit saepe et unde. Modi culpa amet debitis alias.

Rem accusamus in in corporis ipsum. Odio est sapiente quia minus adipisci quia. Veniam voluptas suscipit libero repellat et aliquid. Et labore dolor tenetur. Consequatur labore animi numquam assumenda dolorem.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”