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 nam explicabo ipsam nihil accusamus velit ut. Soluta rerum itaque natus explicabo maiores non natus. Aut quaerat voluptate voluptatem. Atque et ut dolor optio molestiae cumque perspiciatis. Magnam quisquam aperiam beatae a in in soluta eligendi. Recusandae accusantium ex omnis.
Aliquam voluptate officiis quo consequatur. Et enim odio temporibus vel ad quia consequatur quia. Fuga est est recusandae est ratione libero molestias. Iusto qui perspiciatis enim impedit in veritatis.
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...