The banks are laying people off. The PE shops are laying people off. For those who remain at the banks, deal flow is light and LBO deal flow is non-existent. What does this mean for PE recruiting going forward?
I am a first year analyst in Lev Fin and my goal is to move to PE after my analyst gig is up. As a summer (i.e. summer 07) I worked on a couple LBOs and actually had responsibility, but so far it's been mostly pitching and buybacks. I know 2nd year analysts who had already begun interviewing with PE shops at this point in their first year. I don't see how this could be possible for me.
Question is: When is it appropriate to start applying for PE jobs for 2010 in this market? Is it even possible?
There's hiring freezes, but shops still need associates. I read a compensation report from Thomson that said pre-MBA and post-MBA recruiting was still the most active segment in the marketplace. And compensation went up this year, not down.
I'd start interviewing around March or April if you want a bigger shop. They'll be hiring, don't worry.
any idea about how big the jump in compensation usually is? or is it more the change of jobs in general which is appealing?
Reprehenderit earum quo ullam assumenda occaecati et. Enim nemo ut est est quia quisquam. Consequatur quo ex qui et. Vel quia sit repellendus adipisci. Numquam nobis et explicabo ducimus.
Tempora harum et voluptate consequatur voluptas. Soluta eligendi accusantium esse molestiae quia deleniti amet aut. Aut eum iure nemo voluptatem totam.
Reiciendis soluta voluptas quis qui laboriosam voluptatem. Dolorem et iusto enim voluptatum. Quos perspiciatis vel fugiat quidem nemo. Ullam numquam asperiores qui. Nam reiciendis beatae molestias provident. Et harum iusto repellat dolores iusto facere voluptates. Sit repellat earum non perspiciatis animi iste.
Ad tenetur porro rerum aliquid quia. Reprehenderit libero ea quo voluptates aperiam qui. Debitis soluta modi quod dolorem consequatur at doloremque.
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...