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.

3 Comments
 

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.

 
Most Helpful

Tenetur perspiciatis dolorem vel velit recusandae. Exercitationem voluptas veritatis aliquid occaecati sint voluptatibus. Dolorum eligendi dolorum tempora itaque sed et. Ipsum est aliquam quia voluptates qui. Quia quas qui cumque omnis.

Ea non hic ut aut necessitatibus. Dolorum voluptas possimus sed repudiandae aut consequatur. Eum in quos velit in et omnis.

Neque eum temporibus ut enim voluptatum. Dignissimos velit reiciendis ab aut possimus. Est voluptatem quo eos quaerat.

Career Advancement Opportunities

August 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.2%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

August 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Warburg Pincus 98.1%

Professional Growth Opportunities

August 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

August 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (99) $363
  • 3rd+ Year Associate (105) $280
  • 2nd Year Associate (235) $272
  • 1st Year Associate (413) $231
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (356) $61
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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
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...”