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.
Wouldnt be surprised if they actually start in July in the next few years
It was august this past year so won't be surprised to see july
Becomes hard/manual to find everyone - right now they just get a list of names from a second year and they have the company email format already. A lot harder to either guess everyone's Gmail or track them all down on Linkedin
Honestly could see it moving this direction in the next few years though
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