On-Cycle Backup Plan?

Seeing how this current cycle is going so far, for those of you who were planning on going to PE but haven't had too much luck landing something you're satisfied with, what are your plans if it doesn't go well? Will there even be many off-cycle opportunities, considering the 2 years ends next summer? 

 

There are always plenty of spots at UMM and MF throughout the year. Many firms don't go on cycle. Many that do hold spots for non-on-cycle candidates. There are lots of great candidates just not caught up in this on-cycle rat race who come to decide later in their analyst program they want to do PE. I took an UMM offer off cycle and never once got contacted on-cycle across two on-cycle seasons.

 

Did you have to do any networking with PE shops for off-cycle or is it just through HHs again?

 

That makes sense. I thought it might be different this year because of the delay in timeline, so that on-cycle right now is happening for 2nd years. Hopefully off-cycle works out better 

 

I agree with Assoc 2 in PE.  There are many fantastic firms that will run Associate processes over the next months.  Some will be firms that are adding to the Associates they hired during On-Cycle.  But many are firms that choose to recruit on a timeline that they control and can plan, rather than feeling pressured to rush to market because another firm tipped the overall  On-Cycle frenzy.  I know it feels like "Every Firm" is interviewing now, but that is far from the case.  

 

On-cycle recruiting is rough and every year there are Really Solid Candidates that are not successful in their early interviews.  Conditions are stressful and you likely went through your first "official interviews" as a potential buy-side candidate.  It can take a while to truly be prepared for modeling tests, case studies and the broad array of interview questions that will be thrown at you.  Don't give up.  Just step back and try to take an objective look at what went wrong. Be self aware and even ask your Head Hunter for feedback.  While they may not have specifics they can share, your openness to receiving constructive criticism shows commitment to improving the outcome of future processes.  Interview reps are kind of like deal reps....the more experience you have, the better equipped you should be for the next one. 

 

Vitae praesentium dignissimos aut voluptates tempora illo quo. Provident et neque eveniet voluptatum praesentium. Non dolore accusamus quia eligendi et et dolores. Fugiat id qui esse eos recusandae. Rem nihil unde accusantium explicabo. Commodi deserunt voluptates ipsa molestias.

Et dolorem esse et delectus debitis eveniet. Totam beatae distinctio sed commodi ea quasi ut voluptatum. Incidunt sed hic dolorem magnam. Ut culpa voluptatem laborum.

Possimus dolor qui quae optio eius ut. Fugit eum beatae labore. Mollitia dolorum consectetur tenetur aliquam.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
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...”