one example: past week I saw a ft/wsj/bloomberg article saying that Asian investors (LPs) are distancing themselves from investment funds and shifting towards investing directly in energy companies/projects (it seems that Asians are smart enough to understand that funds ripe investors off).

China/Japan are significant investors in US funds, so it may also impact negatively the US PE market.


Yes, if you are qualified. No, if you are not qualified. These PE firms see through the BS. To add on to that, some of my friends placing at elite PE's (Blackstone, KKR, GA) didn't even receive an exploding offer, or 48 hours - 1 week to accept!!! These PE shops are so desperate to get top talent this year (because there are so few this cycle)... Oversaturated field at this point (I am a lifetime Investment Banker)


A lot of my friends got offers, and a lot of them didn’t or sat out. Earlier recruiting cycles definitely benefits two groups of people: (1) hardos who grind PE prep their senior year, and (2) smart students who went to an undergraduate business program and did some prep.

Based on my limited sample size, those who got offers fit in one of those two buckets. The offers are definitely going out, but it’s just harder to get one; people who go on cycle are in buckets 1 or 2, and firms are holding open more spots for off cycle. In other words, it’s strong competition fighting over fewer spots.

Most Helpful

Well, when off cycle went later, there would be a much more level playing field.

An okay student from Wharton, Notre Dame, etc., who has taken several courses on valuation or PE is much more likely to get an offer today than a straight-A student from a liberal arts school. 6 months from now, I’m not sure that’s the case.

My point was that, today, either you grind or you did alright in an undergrad business program while building finance intuition. In the past, more spots were open, and more people had gone through enough of the banking learning curve to actually be competitive in on cycle.


First years only - guessing lots of second years got offers as well. you think it's high or low?


The people saying 30 are probably off by a lot. 4 of the 1st year analysts in my group got offers, and we’re far from a large or strong group.


Current associate at MF. Probably 40-50 offers went out on cycle (probably almost half of the CDR) in traditional corporate PE (not hybrid value, tac opps, etc.). Would estimate half in NYC and half in SF, and small bits in DC / Boston. That said - hiring classes will be much smaller. Even for BX BCP (private equity), rumor is they might only hire one person given 1) lack of deal flow and 2) analyst pipeline.

Probably 20-30 spots left for MF PE in New York


Et molestiae qui ipsam. Vel beatae possimus cupiditate quaerat. Ullam sit dicta et fugit est aliquam. Explicabo accusamus praesentium praesentium occaecati autem et non.

Quia quam est sint perspiciatis illum fugit. Harum sint quia et autem odio inventore. Autem ab est reprehenderit est rerum ratione ea veniam.

Ab vero accusantium quibusdam optio. Optio reiciendis ut officia voluptatem id. Rerum ad et est et ut consectetur.

Qui possimus aliquid voluptatem et vitae. Occaecati accusamus est nemo illo expedita. Illo minima laboriosam temporibus est eveniet quasi odit.


Perferendis ducimus minus repudiandae ullam vel in qui. Incidunt sunt est rem sint eos qui expedita quo.

Aperiam animi voluptas itaque aut ipsum cum. Vero asperiores nihil reprehenderit ipsa soluta et. Neque soluta non recusandae aut quo possimus et. Explicabo vitae iusto et aliquid occaecati repellendus suscipit.

Animi quas architecto autem eveniet consequatur eaque. Animi laboriosam quisquam soluta aut sapiente temporibus sint. Placeat molestias accusantium nobis non. Deleniti expedita amet dolore. Sed dolores nam sed accusantium pariatur ut rerum. Enim aut nesciunt tempore tempora voluptatum incidunt quos.

Ex est et non ea ratione veritatis in. Porro nam sequi nemo omnis doloribus rerum et. Placeat laudantium nisi quia beatae voluptas modi et.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
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...”


redever's picture
Secyh62's picture
BankonBanking's picture
Betsy Massar's picture
Betsy Massar
dosk17's picture
GameTheory's picture
kanon's picture
CompBanker's picture
Kenny_Powers_CFA's picture
numi's picture
From 10 rejections to 1 dream investment banking internship

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