On Cycle Results
On cycle recruiting finished for this cycle almost a week ago, curious to hear results. Name bank/group and where they signed
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bump
Bump
Santander kid to LGP
Wow, anything is possible
legacy CS group likely
Pretty sure kids recruiting this cycle started at Santander
Unbelievable..
Moelis analyst 1 class had 10+ placements
Wow. Mostly MF/UMM?
Yes, confirming this is accurate
Which firms?
3 apollo, 2 tpg, Centerbridge, bx
Moelis analyst class is pretty big now is 10+ even meaningful? Lol
That was just the NYC office, and yes was about 1/4 of the class.
Any mid-tier BB (Citi, BofA, Barc) placements?
1st yr in Citi (not M&A/IND/FSG) and placed at MM fund
Rough fund size?
JAMMBO or up and coming MM fund? Trying to gauge how many MM funds still have spots and didnt go on-cycle
Barc HC and Tech have placed well (at Barc and my group struggles alot more).
Have heard CD&R, Carlyle, WCAS, TPG Growth, HIG, TA, etc. in the last two classes
Any stories about MM analysts placing at good places?
M&T Bank in Dallas (COL adjusted $500K all-in) to Apollo NYC (paycut worth exit opps).
I’m an MM in non-nyc but signed into European MF in NYC but it was off cycle
anything on EVR?
killed it
Which funds?
PJT offers?
PJT RSSG - Thoma Bravo, H&F, Centerbridge, Oaktree, KKR etc
RBC > Apollo
GS FIG had the most placements at GS.
which funds?
Know of several KKR PE, Apollo PE, an Veritas among other typical placements
Anything on the European banks? (barc, db, ubs)
Decent # of Barclays P&U and Tech analysts going to MFs/UMMs
Any placement from FSG/HC/IND?
Heard solid results from other groups in BARC too
MS Menlo?
Any UMM PE analysts do on cycle?
i didn’t personally but a good friend of mine did. lateraled from one UMM to another UMM with larger deal sizes and aum. i also think comp is higher and location was better for him. pretty sure he had an a2a path though. said he got looks from a HF asw but it didn’t convert. no MF processes.
Did JPM analysts recruit and place?
Yes M&A and HC team had great placement
Inaccurate
What are the placements for M&A ?
Any insight on Qatalyst?
Anything on BofA? specifically FSG/M&A
Bump
anything on HL RX and EVR RX? Any MF/UMMs?
bump on HL RX
Heard HL RX was x2 Apollo, x2 oaktree, x1 silverpoint, x1 centerbridge and x1 strategic capital
bump on evr rx
Roommate is in the group — heard offers at Bain NAPE, H&F, Apollo, multiple TPGs, BX (BCP), Diameter, Oaktree, and a few others doing off cycle / SM processes apparently
Heard a few MF or SS for both groups (most likely more for EVR)
This thread screams of embellishment / bsing to me
The amount of people that supposedly know the precise # of MF/UMM placements for their non top group is odd
In many groups analysts are pretty open with each other, especially if their bank isn’t strict about recruiting. Not unusual to know what everyone in your class is doing. You often have to tell other analysts so they can cover for you.
Any word out of GHL?
How many total offers out for on-cycle? Think previous years was more like 150-200 with Class of 2024 being under 100.
Safe to assume that out of ~800 associate roles at >$1B funds, 300 have been filled so far for 2027?
Where are these figures coming from? Not saying wrong just curious on the 800 roles
100 funds >1B, 8 Ascs each, seems reasonable
Nowhere near that. It's really only UMM/MF's that go for on-cycle as is usual, and almost none of them fill their full classes. Numbers are prob closer to ~200. Not true it was 150-200 in previous years; closer to 100 for pure control buyout (maybe 150 if you include the growth or special situations or hybrid seats), would think more spots this year than mine and more than the last year. Important to note that on-cycle is only that 48 - 72 hour time-period and most firms give offers for at most half their spots. If you include offers in the month post on-cycle maybe then do you get to the numbers you are citing.
Anything on WF?
How did Gugg do?
How did JPM do?
Bump
How many seats would be filled by now with the first week of OCR as well as a big wave of post OCR recruiting in the month of Jan? Safe to 300 of the 800 >$1bn fund seats are filled?
Initial estimates for OCR was ~150. Maybe 250 now then?
Curious on what infrastructure funds have gone
How did JPM M&A do?
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