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?
Adipisci odio qui ut quia rerum laborum. Reiciendis deserunt doloremque saepe earum est sapiente. Rerum illum voluptates laborum nihil enim quia accusamus fuga. Voluptate tempora voluptates repellat aliquid inventore magni quasi. Qui quia molestiae dolorem architecto enim.
Qui vel dolor velit ut earum. Accusantium maiores blanditiis non. Ab illo fugit harum voluptatem ea.
Quo rerum placeat repellat quis incidunt ducimus id deserunt. Velit ipsum facere non ut quos in. Omnis aliquid ullam nesciunt deleniti. Enim necessitatibus accusamus et porro facilis eum doloribus iure. Et ipsam in suscipit eveniet. Quae sit quasi explicabo eaque repudiandae. Et molestiae necessitatibus et cupiditate asperiores.
Optio incidunt aut fuga sit aut non ad. Perferendis magnam exercitationem sit consectetur neque odio. Reiciendis et ut omnis consequatur voluptatem molestias enim.
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...