Which firms have gone on-cycle / off-cycle in the past?

I’ve listed below what I’ve heard from past years, but would love any clarification on the unclear section / corrections.

On-Cycle:

Apollo Advent H&F KKR CD&R Carlyle Veritas TPG GTCR Bain Warburg Pincus Permira

Unclear:

Blackstone Thoma Bravo TA EQT LGP Francisco Partners

Off-Cycle:

Vista Silver Lake Hg Apax New Mountain

3 Comments
 

Have heard that TA does oncycle but fills the majority of the class offcycle. FP and EQT are both offcycle to my knowledge.

 

Qui voluptatum nesciunt expedita maxime enim in et. Quaerat repudiandae aut laborum fugiat sit et alias. Occaecati sit voluptatem nemo repudiandae et eum voluptatum. Dicta corrupti laboriosam dolorum porro nostrum magni. Velit facere repellat unde quo sed voluptatum dolore. Repellat odio laboriosam ipsam voluptatem id aliquid vel.

Velit magni voluptatem dolores nesciunt voluptas illum odio. Quidem occaecati dolor reprehenderit. Voluptatem omnis voluptas impedit.

Vitae facere eaque autem expedita. Sed vero sapiente illum quasi ab consequatur. Voluptatem dicta qui qui in ex qui. At ipsam sed laborum voluptatem est ducimus. Esse placeat dolore non quaerat consequatur ipsam.

Career Advancement Opportunities

November 2026 Private Equity

  • Blackstone Group 99.6%
  • The Riverside Company 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.2%

Overall Employee Satisfaction

November 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.3%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Warburg Pincus 98.1%

Professional Growth Opportunities

November 2026 Private Equity

  • Bain Capital 99.6%
  • Blackstone Group 99.3%
  • The Riverside Company 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.2%

Total Avg Compensation

November 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (100) $364
  • 3rd+ Year Associate (106) $280
  • 2nd Year Associate (236) $272
  • 1st Year Associate (414) $231
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (274) $126
  • Intern/Summer Associate (40) $79
  • Intern/Summer Analyst (357) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”