Summer 2024 MM PE Associate Recruiting Status
Hi all - anyone able to shed some color on what the market looks like for summer 2024 associate positions (for folks coming out of banking)?
Didn't do on-cycle when I started as a first-year back in August 2022 and am wondering how bad the outlook really is now.
There have been some opportunities / process for summer 2024 but not a ton (and even fewer actually attractive seats). Do I need to consider doing a third year? For context I'm in an industry group at a mid/top (but not elite) EB. Starting to get more and more worried that I will be screwed in terms of breaking into the buyside with every passing day. Would appreciate any thoughts / reality check here.
There's seats out there. If you want a 2024 seat then would recommend going all in on recruiting. But either way an offer isn't going to fall in your lap.
Bit of a naive question, but what do you mean by going all in on recruiting? Aside from keeping in close contact with headhunters and actively replying to opportunities, is networking with funds a viable option (just given how many funds are out there and it being difficult to tell from the outside who is still recruiting)? Appreciate your help.
Couple of things
1. Make sure you're in touch with all the major recruiters and they are aware what kind of seat you want (start date, size, stage, industry etc)
2. Be very prepped in terms of techs / deal walk throughs etc so you don't need to delay when invited to interview and can convert to an offer
2024 ops are very limited.. haven't seen many recently
For UMM/MF yeah they're done. But plenty of MM seats if you are dedicated and voice to HH that is your target
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