Off-cycle recruiting and waiting to recruit for PE

Hey all, with some headhunters reaching out I thought I'd ask for your advice.

I graduated from an LAC (Williams, Amherst, Swarthmore) with a degree in Econ this past May and am now full-time at a boutique (PJT, Evercore, Laz) in their M&A group. I summered at my firm but to put it bluntly, did not get a lot of hands-on technical deal experience last summer that I can speak to on my resume. My issue is that I lack technical skills and speed, made apparent when doing case studies handed down from older analysts. I'm not to the point I can do these modeling tests from rote memory while half asleep. Still need more time learning more nuanced twists in the models as well. I'm not blaming my lack of technical capabilities on my firm or my major by the way, I realize that I am noticeably slower at grabbing finance concepts than the top analysts in my class.

I've been thinking about what I want to do after banking for a while and toggled between different options. This may explain the delay in why I haven't started preparing earlier. After talking to my mentors and friends this past month, I realized I want to recruit for PE but cannot do on-cycle with the shape I am in right now. If I recruit on-cycle even within the next month or so, I would 100% bomb every interview. I realize that many of the larger funds fill up all, if not the majority, of their spots on-cycle. Some mentors have told me it is okay to wait until I'm ready and miss the boat - that there will still be great opportunities off-cycle albeit much less. However, most older analysts at my firm were finance majors and can't speak from personal experience when it comes to learning more about investing or modeling when you're already behind, especially when you're in a time crunch to prepare for your job as well as recruiting. Thought I would throw this out there to anyone who was in the same position as I am and ask for advice. I know it's impossible to feel completely prepared for on-cycle but I need to balance feeling unprepared with being honest with myself with where I stand compared to others. Thanks in advance

 
Most Helpful

Ea facere molestiae fuga animi. Beatae suscipit dolore quia incidunt tempore. Ex ad distinctio alias ut non. Accusantium ex aliquam velit explicabo. Quis voluptatibus vel enim voluptatem voluptatem. Magnam reprehenderit fugiat ullam rerum.

Quas ut amet ratione non. Ipsa voluptatem nihil dignissimos cupiditate quisquam. Labore rerum sint enim atque aperiam atque. Debitis ea rerum expedita ut. Adipisci sequi aut porro placeat ad. Odit ut assumenda accusantium vero autem dolorum.

Ducimus sint qui facere reiciendis. Maxime iusto veritatis nesciunt modi corporis rem. Sit odit id laboriosam veniam ea.

Quo similique repudiandae repellendus sed. Officiis reprehenderit nihil et pariatur maiores dolores. Veniam perspiciatis nobis molestiae ut quo accusamus. Sint ut sed voluptas eligendi perferendis.

Career Advancement Opportunities

April 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

April 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

April 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

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $266
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
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...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

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