PE recruiting given investment banking exodus

Given the lateral frenzy this recent past year, was wondering what the competition would look like since many of the people have departed the industry this past cycle.

Also, not too many people in my group have quit 2/ 10 from my analyst class so was wondering what competition from other BB and boutique bank groups might look like for buy side.

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Comments (6)

Jun 9, 2021 - 12:31pm

Still going to be ultra competitive; the people who were dead set on PE stayed in banking and tons of the lateral hires will also be interested in recruiting. Might be marginally fewer people but I don't think it will make a difference frankly.

Jun 9, 2021 - 12:45pm

Interesting take for sure, didn't account for laterals. Might be weird - but in my group, besides the normal 2nd year analyst turnover not may first years have been deciding on leaving idk if that's the case everywhere though.

Jun 9, 2021 - 12:49pm

I've seen less turnover at some firms, I think it's a fact it's a bitch to recruit to buyside, you gotta prepare from 2AM-4AM, and it's grueling.

When your on a string of live deals, it's very very hard to recruit. Doing a PE case study after sleeping only 4 hours is not for everyone. And you have multiple rounds.

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