On-Cycle 2.0
Hearing / getting outreach from HHs for a process beginning in New Year? Anyone else hearing of an on-cycle 2.0 for 2024?
Trending Content - Private Equity Forum
Career Resources
WSO Free Modeling Series - Now Open Through
June 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
I don't know if it'll happen, but I've been hearing the same rumors and a few of the HHs coincidentally reached out to me at the same time about my interest and my availability early next year. If it happens and I had to guess then I would say it would be 2nd or 3rd week of January.
Seems like the 3rd week of January for any firm that has HC exposure. 3 different headhunters have brought up to me on catch up calls that a lot of PE firms are going to be caught up with the JPM HC conference (aka the biggest HC event of the year) the second week of January, so there are plans to hold off until the 3rd of week of January.
Did they confirm it’s going to be an oncycle process instead of drawn out over a few weeks?
Speaking with friends on the street, it looks like most of the opportunities are UMM / MM funds and funds in SF/Chicago/LA who were late to the party in August. At a NY MF (BX/KKR/APO/WP/CG) and have friends at most of the large-cap funds in NY, we (in addition to the other funds listed) have already filled and hired significantly fewer this cycle than in years past as everyone is underwriting a downturn
IMO, it's just going to be a few off-cycle processes running concurrently. No more 3AM madness, but probably longer process + more rigorous deal discussion now that you guys now have more experience on the desk
I can confirm this. Do believe that Warburg has not handed out offers yet.
They have.
Assuming this is referencing 2024 summer associate class, correct? Or will there be any 2023 summer ops too
MF/UMM that I know of are all done with summer 2023 at this point.
Didnt think Warburg went yet. At least hadnt gone mid december
Warburg has already filled the entire class. Was a very low-key and selective process
Can anyone confirm this? Am at a top group and havent heard of anyone getting offers
Warburg has been extremely weird. I’ve heard multiple people say that they’ve filled their class and are pencils down, but at the same time, literally not a SINGLE person at my EB (which historically places insanely well at Warburg…) got an interview. I had an associate reach out to me for a coffee chat back in November, and the associate literally said they hadn’t kicked off and weren’t planning on doing so until early 2023, but apparently the class is full at the same time???
Only EB I can think of that places relatively better at WP is Evercore? Don't think any firm really places "insanely" well there given small class sizes. Can confirm that incoming associate class is now even smaller because of the expanded analyst program. They hired very selectively (probably only a handful)
Strange recruiter reached out and asked me to send an upsated resume for their process in the last few weeks
Will growth funds go at similar times this winter / spring? I feel like they run more spontaneous processes but don’t know for sure
Bump
Does anyone know if the big Boston-based names have filled yet? E.g. Bain Cap, Berkshire, Advent, etc.
Sunt provident iusto consectetur reprehenderit aut corrupti dolores. Alias ipsum eligendi at quia aspernatur temporibus hic. Aperiam ut beatae accusantium quaerat nostrum totam ratione est.
Sit non alias qui odit et dolorum id et. Consequuntur accusamus modi inventore quo. Atque qui voluptatem ab rerum et veritatis ipsa architecto. Aperiam voluptatum et cumque sunt rerum et nulla.
Unde asperiores cumque aut odit voluptatem. Harum quas labore quia nisi. Eum reiciendis placeat quas aspernatur est sed. Neque vero qui assumenda et velit.
Assumenda quod voluptate nobis tempora et. Repellendus quia in repudiandae et neque inventore ut. Neque facere voluptatem reprehenderit. Ut quos blanditiis et qui.
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...