Silver Lake skipping on cycle
“As you know, we firmly believe that the market trend of early associate recruiting compromises both Silver Lake’s ability to make optimally-informed hiring decisions as well as the candidates’ ability to make optimally-informed career choices. Further as you all are well aware, as in prior years, the vast majority of our competitors will not fill their entire 2024 classes and will hold spots, even if they do participate in early rounds. Therefore candidates should know that this will not be their only opportunity to get in front of top-tier firms – including, of course, us. Silver Lake and other firms will respect their decision to focus on their current job, develop their skill sets and take the time to be thoughtful about their longer-term career goals.
In closing and for the sake of clarity, Silver Lake will NOT participate in early on-cycle recruiting with respect to the 1st year banking analyst pool and we will not be conducting any interviews, formal or otherwise (including coffee chats), prior to 2023. We will, however, use this time to hold several marketing events in order to provide this cohort with the opportunity to learn more about Silver Lake.”
Shout out Silver Lake honestly, most firms are sheepish enough to jump whenever the first-mover goes, but Silver Lake is confident enough they'll get good talent without giving themselves an ulcer this week (which is absolutely true, and why the first-mover logic of on-cycle kicking off is so annoying). Based.