On Cycle Preparation
Hello all, I'm a senior at a low target school (Duke, ND, UVA) with a 3.8+ and got a return offer from a high-performing mid-tier BB coverage group this summer with ok exits.
Before I take a month or two off to relax at school, I want to come up with a plan to prep for on-cycle well in advance to make sure I'm maximizing potential. I definetly have the interest in investing, but I've never built an LBO from scratch, and have a lot to learn and practice over the coming months.
I know all the banks banned recruiting on the job, so I imagine this has pushed PE firms to start earlier with seniors. I have some mentors who went through the process a few years ago, but I imagine the landscape has changed a ton.
For any recent grads who just went through the process or are going through it right now, I'd be grateful to get a better understanding of:
- What materials did you use to prep?
- When did you start preparing?
- Is there a networking phase like IB SA recruiting in the fall of sophomore year or is it just chats with HHs right before on-cycle kicks off a long time from now?
- How did you determine what kind of fund/strategy you were interested in?
Thanks so much for any insights.
bump
Oncycle is pushed back relative to other recent years, not forward. If you just finished your junior year internship you likely have 18+ months before oncycle. Go have fun during your senior year.
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