This is the year on-cycle begins to lose its status as the default recruitment model
On-cycle wasn't super successful for 2023 (there are still at least 4 MFs that HH's keep pinging me about interviewing at, and I'm a consultant, so I don't even get access to most opportunities). Now, funds are apparently going to try interviewing candidates who don't even have a month on the desk, if they've even started. I can only imagine this will go worse, and when people are forced to turn to away from on-cycle, everyone will start to realize how many great opportunities are still available during off-cycle. It’s telling how unprepared everyone is when even the biggest headhunters (such as CPI yesterday) are telling people to hold off from recruiting.
This is how it used to be pre-covid. Recruiting would kick off in September/October when you barely hit the desk.
The past 2 years were just delayed cycles because of covid.
There's a huge huge difference between October, when everyone knows it's gonna be in October and can prepare appropriately, versus this year where pretty much nobody thought it would be September.
Yes I agree. It’s still August and some people are floating around this week as a possibility (unlikely but not impossible IMO)
Yeah, I mean if it happens this week things are gonna get ugly lmao, like tons of people will walk into interviews and just absolutely embarrass themselves (including me tbh).
If you think it would go poorly, I’d strongly advice you to wait for offcycle
currently learning how to spread comps at BB analyst training in the day and having convos with headhunters asking if I would prefer large-cap in NYC or SF at night. idk if it's impostor syndrome or I finally accept we are living in a simulation.
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