How many people actually got on-cycle offers?
Feels like not many offers were handed out during on-cycle. Are firms hiring fewer people? Did most people get an offer?
Trending Content - Private Equity Forum
| +183 | Future of PE | 43 | 4h |
| +33 | What are you actually using AI for in PE? | 14 | 8h |
| +33 | Best industry/job for entrepreneurship? | 11 | 2d |
| +20 | Burn Out in PE - What Comes Next? | 3 | 3d |
| +19 | Laid off from MM PE - Seeking Help | 5 | 7h |
| +19 | Firm not transferring me to NYC | 11 | 7h |
| +15 | Buyside in London with nice WLB and pay | 15 | 13h |
| +12 | Value Creation Initiatives (That aren't add-ons) | 3 | 1d |
| +10 | Undergrad summer PE analyst positions | 3 | 4d |
| +9 | Question about HH 2028 | 2 | 3d |
Career Resources
PE is going to suck this decade
Elaborate?
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.
Break it down for me.
Deleted
Ah yes, BX, KKR, and GA - the classic trio
congrats on GA
Did BX go??
Lol no. KKR did and idk about GA but BX did not.
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.
How many do you think # wise?
So if you're not a hardo or smart, don't expect an on cycle offer?
Talk about stating the obvious, amiright
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.
56
30-40 guessing
is this a joke lol
First years only - guessing lots of second years got offers as well. you think it's high or low?
Sounds about right, I’d probably peg it at closer to 20-30 given not every MF seat was filled.
YOU ARE SO WRONG LMFAOOOO.. U THINK UR ONE OF THE 30-40 BOIIII
definitely way more than 30, at least 100
Apollo alone hired 10
Across all groups or just PE?
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.
For MF?
Prob about 5 - 10 seats at each MF, only about 10 MFs went. Assuming they hired only 50-75% of the class.
Realistically only 75 offers made from every MF and that’s on the high end.
Some MFs have 20+ seats
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
Esse laboriosam placeat aut repellendus voluptatem vel qui. Quas eius aut iusto tenetur. Voluptatem dolor ut at magnam similique totam. Impedit ex itaque dicta similique sequi sed. Laborum deleniti architecto dolorem numquam.
Vitae dolorum sapiente quod est dolores. Et sit et occaecati dolores. Ab omnis est facere aut libero culpa.
Sint quo quasi qui vel sit autem. Occaecati animi tenetur quam. Facilis cumque quis sapiente est. Consectetur quis officiis et sed sint nisi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Fuga dolor et qui quia omnis. Possimus et odit illum.
Labore ab voluptas tempore earum. Sit id unde quos itaque sed atque. Aspernatur est quod aut consequatur nobis. Animi tempora maxime laudantium ea sit quia. Ratione reprehenderit est nobis eum qui ad omnis non.
Sed neque autem sit voluptatem quasi sed ut. Quis voluptas officiis cupiditate modi perspiciatis ullam. Fuga molestias ut fuga non rerum amet et aut. Perspiciatis non facilis in vitae. Voluptates voluptas sapiente pariatur voluptatem et eaque est. Et voluptas deserunt reiciendis aliquid natus voluptatibus. Est illum ad consequatur harum non.
Odit rerum ab nam qui. Aliquam voluptatem enim vero odit. Illo ut quo et saepe hic vel aspernatur. Rerum officiis labore corporis culpa. Illo consequatur impedit voluptatem iusto magnam itaque. Commodi reprehenderit recusandae consectetur tenetur fugit iure.