On-Cycle Class of 2024

Any ideas on start date?                               

Comments (33)

  • Associate Consultant in Consulting
Aug 15, 2022 - 7:47pm

Yeah have even gotten some MF emails as recently as this month. 

  • Analyst 1 in IB - Cov
Aug 15, 2022 - 9:05pm

I'm not gonna do on-cycle if it starts before my training is done, it's not just that I'm probably not ready, I just don't feel comfortable interviewing nor making such a significant career decision when I literally haven't even started the job that's supposed to give me taste to whether or not I'll potentially enjoy PE

Before someone says "ok even better, less competition for me" yeah sure, do on-cycle you might even get a good gig, it literally only takes like 4 weekends (at most) to go from not knowing paper LBOs to being able to do 80% of what they throw at you impeccably and the behaviorals are relatively simple, the problem is that I'm not willing to risk it all and end up at a fund I don't like just so I can say I "got something" during on-cycle.  

  • Associate 1 in Consulting
Aug 15, 2022 - 9:35pm

For the second-years recruiting, can we still get '23 spots through the upcoming on-cycle round?

  • Analyst 1 in IB - Cov
Aug 16, 2022 - 12:25am

Contrary to the other comments, I'd be surprised if it happened after this year. Personally thinking it will kick off Sep-Oct like pre-COVID

  • Analyst 1 in IB - Gen
Aug 16, 2022 - 4:19pm


  • Analyst 2 in IB-M&A
Aug 17, 2022 - 1:36am

I bet it happens this fall. Headhunters are starting to collect names and (allegedly?) starting outreach. Once this happens then on cycle will start soon regardless of what they tell you. Someone will get jumpy and everyone else will then start.

Covid was the exception, not the norm, and I personally think things will revert to the norm (fall of first year).

It's just game theory - some aspirational UMM fund will start trying to do coffee chats as soon as HHs pull together lists to try to get the best candidates, and then everyone will start doing coffee chats. Eventually a MF will decide to just start interviewing and then it's off to the races.

Just be ready when HHs reach out - maybe I'm wrong and it won't happen yet, but never hurts to be prepared early. Last year took less than 2 weeks from CPI intro email to on cycle, so the minute that email hits get ready

  • Analyst 1 in IB-M&A
Aug 17, 2022 - 3:12am

This is a reasonable take but I think about 30% of my EB class will participate if its in September, and seeing similar sentiment about holding off across banks.

We will see what happens though

Most Helpful
  • Analyst 2 in IB-M&A
Aug 17, 2022 - 8:44pm

People say that every year and when push comes to shove, lots of people who "aren't planning to recruit on cycle" miraculously decide to once they get the KKR interview invite. At my bank last year lots of analysts were on their high horse about refusing to recruit on-cycle and then almost everyone ended up interviewing. I'll believe it when I see it

  • Analyst 1 in IB - Cov
Aug 17, 2022 - 7:05pm

haven't heard anything from a good non GS/MS BB group. How fucked am I??

  • Analyst 1 in IB - Cov
Aug 17, 2022 - 7:21pm

Have heard Oxbridge has started reaching out to some people to fill out their form. Anyone else?

  • Analyst 1 in IB - Cov
Aug 17, 2022 - 8:00pm

How long did it take for them to reach out after you filled out the form?

  • Analyst 1 in IB-M&A
Aug 17, 2022 - 11:36pm

Headhunter intro emails have gone out to top groups, let the games begin

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  • Intern in PE - LBOs
Aug 19, 2022 - 1:45am

If it's in a couple of weeks, what could possibly be deal discussion expectations?

Aug 19, 2022 - 3:05am
Big Bank Energy, what's your opinion? Comment below:

Had MF coffee chat today they said with "high certainty" their process would likely not kick off until the winter. The people I talked to said they are more concerned with getting the best talent rather than filling up their class quickly. Said on cycle has fallen out of favor for most candidates and so they are trying to mimic that as the recruiter

  • Analyst 1 in IB - Cov
Aug 19, 2022 - 8:11pm

I personally would not take their word at face value. Like another comment mentioned, a firm (most likely a West Coast firm like Thoma or TPG) will kick it off and everyone will scramble to kick off as well. With chats already slowly starting, Sept/Oct is not looking too unreasonable. It will probably be Oct at the latest. 

  • Analyst 1 in IB - Gen
Aug 19, 2022 - 8:23pm

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  • Analyst 1 in IB - Gen
Aug 19, 2022 - 5:27pm

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