Upcoming On-Cycle Headcount Reduction

Im not here to claim this is 100% true but I wanted to hear if others have heard similar remarks. Heard from a few of my colleagues (one in particular works at a HH that covers MMs/UMMs) that On-Cycle headcount this year is looking to be less than the year before as funds are having difficulty raising and many are still working through their investments made a few cycles ago. The current new class of associates that recruited in 2021 (started last august) were recruited during the peak of deal flow and so headcount expanded nicely. but now with lack of volume firms are looking to pull back and hire less. Has anyone heard similar things? Is off-cycle looking to have more spots than before?

6 Comments
 

I had heard from HHs that on cycle may be smaller this year as firms are realizing it’s ridiculous how early it is, but I don’t think it makes much sense to say they are going to hire less people in 2 years from now because the current environment is tough. 

 

I think the claim isn’t because deal flow in 2 years will be bad, but deal flow now is bad. And given that the current first year associates were hired in 2021 when volume was at its craziest, they may have over hired and ease hiring the next cycle

 

I understand the claim, think I just worded my message wrong. Regardless, prep like there are few spots to over-perform

 

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