PE On-cycle 2024 w/o experience

AN1 in the beginning of training right now.

Considering it seems that on-cycle will be back on it's usual timeline this year - how am I supposed to walk through a deal if I will be on the desk for less than a month? I'm assuming I will have no significant deal experience this early on and have very little deal experience from my SA.

Comments (14)

Most Helpful
  • Associate 3 in IB-M&A
Aug 2, 2022 - 3:29pm

I'm admittedly old and out of the loop, but I would be truly shocked if on cycle is within 1 month from hitting the desk. The earliest it ever got was Halloween weekend, and that was 1 year and the rest were Nov/Dec or later, so we're talking 2.5+ months on the desk. You won't have closed deals to talk about but you will be on some stuff by then, even a more involved pitch is fine if you dress it up a bit.

That said back in the days oncycle was a lot more concerned with your background (GPA, school, internships), knowledge of what you want to do in PE and why, and behavioral fit over actual banking knowledge. If you want to be prepared, work on LBO materials and technicals and know what type of PE you're looking for

  • Associate 2 in PE - LBOs
Aug 3, 2022 - 1:21am

Would agree with this. Would note that the process started on Halloween weekend back in 2018 but it actually got pushed to the second week of September the following year (my friend was having a "coffee chat" that morphed into an interview at TA, who I think kicked it off). That was actual madness but it still reset. I am not sure my firm would interview first years if others kicked off in August.

  • Analyst 1 in IB - Gen
Aug 3, 2022 - 11:27am

How are we supposed to submit our CVs without being staffed on a deal? Do we just state our coverage and expected deal flow? 

  • Analyst 1 in IB - Gen
Aug 3, 2022 - 5:23pm

Bump

  • Analyst 1 in IB - Gen
Aug 4, 2022 - 2:22pm

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