Has anyone got no hits (On cycle 2022)

I am a good analyst at a mid BB (Citi / CS / Barclays) in a coverage group. Went to top 25 school (Vandy / UMich / UCLA) and have a ~3.7 GPA. 

I have spoken to Hhs but not got a single coffee chat or interview. Is it just me or are other people in the same boat? It is really stressful to see so many people have interviews / coffee chats. A few major headhunters e.g. gold coast, reached out but didn't bother to ask me for a call even though I filled out the form on the same day. 

Any advice on how to proceed here? I have tried to cold reach out to PE funds as well with limited traction. 

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (14)

  • Analyst 1 in IB-M&A
Sep 14, 2021 - 3:49am

Have an old friend from HS with a fairly similar background as you, and he's experiencing the same thing. Honestly, there's so much competition and nowadays every other banker is gunning for PE, which makes on-cycle a complete shitshow. Unfortunately, dont have any solid advice, just dont give up and know youre not the only one experiencing that

  • Analyst 2 in IB - Cov
Sep 14, 2021 - 4:16am

In the same boat. I'm at one of the banks you mentioned, went to an HYP with decent GPA. Have very good deal experience and felt extremely confident with how my HH meetings went… but not a single call yet about an interview, and 2 headhunters didn't even schedule an intro meeting with me. Honestly pretty confused right now, felt like I was in a great spot for everything based off resume, vibe I was getting from headhunters, generally knowing I do pretty well in interview settings. But I'm not even getting an interview in the first place. I'm just trying to keep in mind that it's literally been less than 24 hours since the frenzy began, just be patient. The rational side of me thinks it's way too early to feel like this, but a large part of me is starting to.

Most Helpful
  • Analyst 2 in IB - Cov
Sep 14, 2021 - 3:06pm

Just wanted to follow up here, I'm the one who posted this comment. I woke up with multiple interviews, been in processes ever since with one MF and one UMM. Just wait it out, it'll come. I was sick to my stomach last night thinking I wasn't going to get a single interview - I was dramatically overreacting. Stay calm, we're all fine. They take days/weeks to actually fill all these roles.

Sep 16, 2021 - 7:27pm

Just relax. Feeling this way will hamper your performance when the interviews start rolling in. The process is a crapshoot and if you haven't been tapped yet it's likely nothing to do with you, just not lucky yet. Yes there is heavy volume of recruiting right now but the interviews will continue well into the coming months so just keep at the HHs and make sure you're prepared. Good luck.

  • 2
Sep 14, 2021 - 9:43am

Honestly, just relax. Headhunters hit you up for opportunities all year. Firms have need immediate start employees all the time. I personally have received invites to far more compelling opportunities off-cycle than on-cycle, and they're generally less competitive too. Don't worry, everything will be fine. 

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Prospect in PE - LBOs
Sep 14, 2021 - 10:32am

It will be less so than in previous years given the number of analyst programs. Almost every big PE firm (UMM / MF) hire analysts straight out of school and most stay on as associates so less spots total.

  • Analyst 2 in IB - Cov
Sep 14, 2021 - 10:39am

same boat. really sucks man. I'm mentally already in off-cycle

  • Analyst 1 in IB - Cov
Sep 14, 2021 - 11:21am

A lot (if not all) of these on-cycle firms will be leaving spots open for the off-cycle, so I wouldn't worry! You should be using this time to your advantage though & make sure you're prepared for when you do start interviewing

  • Analyst 1 in IB-M&A
Sep 14, 2021 - 12:56pm

Absolute disaster; HHs / funds seem extremely uncoordinated and unprepared. Not surprising given the circumstances.

Considering that we started our cycle so late, seems like off-cycle 2022 will just start immediately after this week (as echoed above). So in that sense, just keep prepping and stay ready since there likely won't be as strong of a delineation between on-cycle / off-cycle as in previous years, and in many ways it'll just seem like a "continuation" of on-cycle for the next few months.

  • Associate 3 in IB-M&A
Sep 16, 2021 - 9:25pm

Based on your tagged location - are you in Houston/SF/LA? Your opportunities will be more limited than NY especially if Houston or LA. There will be off cycle opportunities regardless

  • Analyst 1 in IB - Cov
Sep 16, 2021 - 9:54pm

Quia veniam repellendus quia fugiat labore. Voluptatem sed laudantium omnis modi molestias enim. Iure corrupti pariatur sed non et quia doloribus. Animi voluptatem quae ipsa omnis non nulla. Delectus optio sit dolore totam.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+276IBby Partner in PE - LBOs
Public banging
+182OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+154PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+115REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+110OFFby Associate 1 in AM - Other
Dating smart girls
+97OFFby Analyst 2 in Consulting
Who manages your money?
+95INVby TechnoPanther

Total Avg Compensation

September 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (67) $365
  • 3rd+ Year Associate (68) $270
  • 2nd Year Associate (139) $254
  • 1st Year Associate (284) $222
  • 3rd+ Year Analyst (25) $160
  • 2nd Year Analyst (61) $135
  • 1st Year Analyst (184) $118
  • Intern/Summer Associate (20) $67
  • Intern/Summer Analyst (219) $59