Is it just me or is everyone thinking firms are going to start interviewing again?
For us 1st and 2nd year IB analysts, are we fucked if we didn’t land something in on-cycle? Or is something expected to pick up in the new year?
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Based on the most helpful WSO content, it's not uncommon for first and second-year IB analysts to be concerned about their chances in PE recruiting if they missed out on the on-cycle process. However, there's always a silver lining:
Off-Cycle Opportunities: Many funds conduct off-cycle recruiting, which can be a great opportunity for those who didn't secure a position during the on-cycle period. It's important to stay proactive and keep networking.
Second-Year Advantage: As a second-year analyst, you have more deal experience, which can be a significant advantage. Funds may expect more from you, but you also have more to offer.
Stay Prepared: Make sure your technical skills and industry knowledge are sharp. You never know when a firm might start looking for new associates.
Communicate with Recruiters: Keep in touch with recruiters and let them know you're still interested in opportunities. They can be a valuable resource for off-cycle recruiting.
Be Open to Different Roles: If PE opportunities are scarce, consider other roles that can provide valuable experience, such as M&A associate positions.
Remember, the recruiting landscape can change, and new opportunities can arise unexpectedly. Keep your chin up and stay ready to jump on any new leads.
Sources: Second Year IB Analyst PE Recruiting, Confessions of a former second year IB Analyst, A Note to All of You Getting Ready for On-Cycle, Fashionably Late: 6 Steps for Off-Cycle Recruiting, Q&A: West Coast Tech IB Analyst
What firms have started 2025 process?
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