Anyone else hear crickets on the PE recruiting circuit?
Wondering if I'm just not getting good traction, or if the new issues market is just sidelined while head hunters are wrapped up finalizing the megafund recruiting efforts.
Im trying to assess if the silence is attributed to it being the middle of recruiting waves or if I need to change my approach.
What are some of the top PE firms that have yet to commence their recruiting efforts?
I've gotten just a few emails for MM PE opportunities. I've responded, but it seems I wasn't passed along for an interview because I never heard back from the HHs. I'm at a BB, but perhaps my group isn't prestigious enough. It sucks.
so send another round of emails...
i'm having the same experience. a few emails and then nothing. or i'll have an interview, am told i'll hear back soon and then i don't hear back... ugh...
Same here. Currently in a solid group at a top BB, but not a lot of traction in getting interviews...
Anyone know if MM PE recruiting will pick up at some point?
It will. Don't think mm recruiting has really kicked off in full gear yet so still a lot of time.
Don't email your headhunters -- call them if you want a response
larger MM firms have started (some have finished). the smaller mm firms dont really have a structured recruiting process. will start soon and will continue all the way through 2012.
lol.
This recruiting season is tough (for guys who are not in the top groups...)
What do you mean by "this recruiting cycle"? As in the recruiting cycle this season? Or the PE recruiting process in general?
The PE recruiting process in general. Guys who are in C, CS, DB, or Jef are sometimes not getting interviews at some shops when they normally should. Not really sure what's going on but unless you are in the absolute top groups or have your connections pushing for you, it probably won't look too bright.
This is true, but not all is lost. For Carlyle NY, for example, I know 3 people going and while two are from the traditional path (BX, LAZ), the third is from DB (in one of their better groups, mind you, but still... it's DB). Not trying to be snotty with that comment, but just trying to show that it's entirely possible to place well if you've outperformed your peers, regardless of the bank you're in.
How are you putting Jefferies on the same level as Credit Suisse? Great firm, but to headhunters there is a huge difference between the two, esp CS M&A/sponsors/tech
^-- ehh, I dunno about the "regardless of the bank you're in" you don't see anyone at KKR from BNPP IBD. Carlyle is one of the megafunds that is less stringent than most as to the banks they hire from. That being said DB is still a very solid bank.
On another note... in all these talks of top PE recruiting, I haven't heard a single thing about Cerberus... where are they in their process? Anyone know?
With regard to CS and Jef, I was talking about the normal groups (yes, not everyone goes to CS sponsors)
A lot of times you see "untraditional" guys in top PE interviews because someone must have pushed for them...If you are a HH, would you push a DB guy with "top reviews" and "top groups" rather than someone from say...GS industrials? That being said, DontMakeMe you are right, there are always exceptions but unfortunately majority of the time it doesn't happen that way
good luck guys...don't worry, there is still a lot of time before you're done with your 2 years. Just make a solid impression with the headhunters so that they start pushing you when smaller MM PE funds start asking for candidates...
I didn't start PE recruiting until 6 months into my 2nd year and did not land a PE gig until March (of my 2nd year)
-Patrick
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