Why don't PE firms start on-cycle in July?

Every year PE firms have been running on-cycle process earlier and earlier. In July, almost all the prospective candidates (in IB) are in NYC for orientation, and, therefore, have more free time than when they hit the desk. So, I wonder why PE firms don't just start the process in July (the orientation time) if they're going to do it almost as soon as the candidates finish with the training. Feel like most candidates interested in PE would be prepared by then (a month of training would only make marginal difference), and there won't be much of an issue for west coast candidates to recruit either.

4 Comments
 

Wouldnt be surprised if they actually start in July in the next few years

 

Quos commodi maiores error quae aut ratione deleniti. Ipsa aut veritatis vero dolor voluptas aut.

Aut esse neque saepe soluta iste. Consequatur et eos et praesentium totam itaque. Perferendis dicta officiis et minima.

Aut incidunt asperiores voluptate tenetur. Ea facilis perferendis aliquid et fuga eum enim.

Career Advancement Opportunities

June 2026 Private Equity

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

Overall Employee Satisfaction

June 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • Vista Equity Partners 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (98) $365
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (356) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
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...”