https://twitter.com/hesabsg/status/15454402220030…
Have heard from 4-5 different people at this point that oncycle for first years is going to be just absurdly early this year (kicking off in August according to many - see tweet above). Haven’t seen any threads yet on it, so wanted to throw this out there.
I’m still in training and not expected to hit the desk for another three weeks now… on top of training and studying for licensing exams, should i and other starts prepping?! Just interested to hear where other’s heads are at here.
I would say not to worry about it. As a 1st year (soon to be 2nd year) who did oncycle and signed an offer I talked to a few HH recently to chat about how processes are looking. They said this past year's oncycle participation was extremely low and they're debating strategies for next year to increase participation. At the end of the day they kick off when their clients say to, but given the current macroeconomic climate and low participation last year, it would seem more logical for them to hold off.
That was my thought process too, so you can imagine how floored I was when I started hearing from friends that it would kick off in August. If what you’re saying is right though that’s a big relief - interested to see what this “first round” of recruiting might look like and who will participate.
No worries. No headhunter has a set date in mind -- they basically all watch each other until one firm decides to kick off headhunter calls, then they all start. All PE firms are in the loop too when they hear about this. One early mover usually decides to start interviewing, which sets the whole process fully in motion. So all speculation on timeline is fair game, but it'll kick off when it kicks off and nothing is really predicable since it isn't set in stone.
Theyre probably saying it’s going to kick off in August because headhunters have been asking for contact information for the first years (which is very typical and not indicative of the process). It will probably be later than that but it also never hurts to try and be ahead of the curve if this is something you want!
Well said. I was already planning to start prepping when I hit the desk, just the thought of doing training, series exams, AND that on top felt unmanageable, but going to start this weekend anyway.
I actually think it’s going to be way early - not sure about august, but would think it’ll be done by thanksgiving
I’ve talked to a few HHs to give names of incoming first years and they didn’t explicitly say anything, but same made reference to the fact they’re trying to be very proactive this year
Given how last year went, I’m not surprised. Seemed like last year everyone was messaging “don’t worry not happening yet” and then BX went rogue and a lot of funds/headhunters got caught with their pants down.
Because of this, everyone is trying to make sure they have their ducks in a row ahead of the process, meaning they’re reaching out super early.
That also means intro meetings, coffee chats, etc will all start happening early, and eventually someone is going to get jumpy and kick off the process
This aged well haha
Literally called it perfectly
bruh I haven't even started training yet
This is the way
Popping back in here to say how I hate always being right…. Godspeed fellow AN1s
My money is still on the week of September 19 but we’ll see.
I definitely think it will be right after labor day at the very latest
Fuq
Shit.
Bitch.
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