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Bump
interested as well
Target or non-target placement?
i'd be interested in how the target kids did
although i'm sure others might be interested in the non-target placement as well
Interested to see the difference in target and non-target placement.
bump
For the incoming summer analysts / full time analysts worrying / already putting a whole lot of thought into this: don't. The analysts that get the best placements aren't the kids in training practicing LBOs and studying PE techincals; the kids who place best are the analysts that perform the best on the desk. You're not going to be a high performer obsessing about on cycle recruiting over the course of your first 3/4 months on the job. You will, however, make a bad impression on your staffers and second years if they catch wind of you spending all your time preparing for interviews. That won't get you put on the best deals, which is a huge factor.
In short, stop obsessing about exits your senior year in college. Do me a favor and drink a beer and get off of Wall Street Oasis. You will not be happy that you wasted any amount of time obsessing over your next step in finance while you could have been enjoying your last year of freedom. I challenge you to not even look at this website until you are at training.
Also, I can confirm that Laz and EVC placed very well. Won't give specifics because I frankly don't see the point. Just because people in the class ahead of you placed well, it doesn't say anything about how you will perform. These name brands only get your foot in the door; after that, it's up to you. Now seriously @all incoming analysts, fucking relax and have fun.
I can 100% tell you the best performing analysts on the desks normally have a tougher time recruiting than the analysts that are middle of the road. While the best analysts are getting crushed and have limited time during their 3-4 weeks of prep for recruiting, the middle of the road analysts can devote a ton of time to nailing their story and the interviewing process as a whole.
The most important parts of recruiting are: (1) Ivy league or non-Ivy league (2) what firm are you at - BB, EB, or MM (3) what group are you in - M&A, Lev Fin, ECM & DCM, other. It's all about looking like a risk adverse candidate (Wharton --> GS TMT IB --> you are set) to the head hunter.
Advice is as follows: (1) attend the best college you can (2) place at the best bank you can (3) get into the best group you can and finally prepare as much as possible. It's obviously not worth obsessing about, but if you really want a realistic shot at getting the best spots in PE then it's going to take work and effort ahead of the process.
Mega funds will undoubtedly call your group and ask for info on you as you reach the final rounds. If they don't hear that you have demonstrated that you will be a high performer, your chances of getting an offer are slim. Kids who land Apollo weren't middle of the road analysts, and I know that for a fact. They are the kids who can do both. Building an LBO is not rocket science that you need to prepare for ahead of time. You need two weeks max (if you're a high performer that has modeled before and knows their way around excel). The most important parts after that are fit and deal-related technicals. The only way you can do well on deal technicals is by being an involved member of the deal process. As long as you have the pedigree, I completely disagree that you should let interviewing come at the expense of your work product (except for when the interviews are actually happening; you can always find someone to cover for you). The analysts that land Apollo / Silver Lake etc. study for LBOs at 12AM when their deal work is slowing down, not during the day because they slacked off and haven't been put on anything interesting. Sorry to sound like a hard ass (as this was never going to be me), but if that's what you want, that's what you have to be. Long story short, top placement doesn't come at the expense of your work product, it comes at the expense of your sleep and free time.
Also, as for PJT which undoubtedly had the best exits this year, does not put up with slackers for a second. Unlike cushy BB jobs, you will be pushed out before your contract if you don't perform. They also won't vouch for kids that only care about the next best thing when the fund calls the staffer.
Look, your only post is "Private Equity Analyst - Panic Mode" describing how you made some huge mistakes in your PE process and skipped out on IB and realized that was probably a bad career move to make. Telling kids now to repeat the mistakes you made probably isn't the best option.
So... how did Evercore and Lazard place?
Not as well you’d expect. Maybe 5 or so at each that landed gigs at brand name places. It’s really interesting to me that so many choose to sit recruiting out - guess the early timeline spooked some.
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