The Job Market Is Absolutely Terrible
Title says it all. Not groaning or moaning about my resume or experiences, but man are there so few summer analyst positions for anything in Finance right now. Anybody have any opinion on when hiring will speed back up? Looking for a constructive discussion, thanks
Yeah not going to lie - the market is bad bad. From the PE side, it's been a SLOW 18 months. Not good for deal experience but great for WLB... That said, the last month or so has definitely picked back up. We're seeing a lot of teasers / books starting to come to market. Quality of assets is a wide range but definitely some good stuff out there. Further, I talk to our data room reps (Intralinks / Datasite) quite a bit, and they both said they had some of their busiest Q2/Q3 on record, so definitely a good barometer as a 4+ month leading indicator for M&A activity. Similar story talking to our coverage bankers where they're getting very busy on the IB (specifically sell-side front).
TLDR: Seems like with the pick-up in M&A activity combined with the natural churn / recent headcount cuts that the hiring market should hopefully start turning around late Q4 2023 / early Q1 2024.
As someone prepping these sell side processes, get ready to see some of the worst companies possible hitting the market
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