Post-analyst recruiting (headhunters, etc)
Anybody have any light to shed on how this process works? From what I've heard, headhunters will be reaching out to first years in starting in about a month. Everybody in the office knows about the dance. Anything people should look out for? I've heard that Oxbridge, SG Partners, and Glocap are some of the more reputable names. Any others that you've heard good things about or have personally dealt with? And should we be on the lookout for anything, whether false promises or even fake ego boosts that make you feel like you are a "special" candidate?
One question I would like to know about is how do these firms determine who good candidates are. Do they just try to meet as many analysts as they can, and then filter based on the meetings and resumes and groups the analysts were in? Or do they actually hear from MDs and VPs (or others) about how good a particular candidate is. The latter seems unlikely, unless senior bankers are willing to give away talent. On the other hand, it would make the filtering job a lot easier.
Thanks for any help and apologies if this is an old topic rehashed.
They pretty much know which groups/offices usually have the best analysts/people with highest placement rates. So if you're in GS TMT/MS M&A/UBS LA etc. you have probably already been contacted by headhunters. Recruiting for top PEs like KKR/Blackstone etc. happens in April/May or so, at least it did last year.
This year with the market and everything, who knows, they may recruit less or may keep it up. Hard to say since I'm no longer in recruiting mode.
They don't really ask senior people for good analysts... if they happen to know someone personally they might do that, but they would not cold call some random MD or group head and be like, "Hey can you transfer me to yor best analyst now?"
You can also be proactive about it and get referrals from friends as well. A lot of times headhunters get analysts' info this way - simply going through friends and friends' referrals.
The names you listed there are the best-known recruiting firms. I've had good experiences with all of them.
CPI and Cadmus have good practices as well. Cadmus does more hedgefunds for immediate hire of people with a little more experience (people in their second year who didnt leave etc).
They reach out to EVERYONE in certain groups, and EVERYONE who's info they get ahold of from an even slightly reputable source. From that point on its up to you to impress them. They will first ask you to fill out a little survey with what you are interested in, all your bonus and salary info, GPA, SAT, GMAT (if you've taken it) and anything else they might find useful. You will also send them your resume at the same time and they will then arrange for you to come in to meet them. This meeting is pretty much an interview whereby they figure out how good you are, where they think they can place you etc. Then they present you with some possibilities if they think you would fit, and keep in contact by phone and email.
You then go off an interview with lots of places, you get a job and they get paid.
What's a good "reputable" source? From dosk, it sounds like analysts that are in contact with those headhunters count. Would MDs have contacts at those headhunters or are they completely out of the loop, considering their position? Would it even be appropriate to ask them?
So the incoming class of 08 has been called already?
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