Here's a great article on the incoming class of Monkeys and the PE recruitment process -
Highlights
- Scott Rostan of Training the Street says their company alone will train 12,000 Analysts
- Mega PE HH focus on about 1,000-1,500 of these
- 5-10% will get offers
- 1st year MF associate comp mostly 210k-250k, with some at 300+k!
- BB MD's starting to get pissed at "brain drain"/early poaching (old news)
http://www.fins.com/Finance/Articles/SB1306271609…
Had no idea there were so many First Year analysts out there...I find that 12,000 figure a little hard to believe and must include S&T, Cap Markets, etc not just advisory. just goes to show how big the industry is, hope no one out there thought they were too special!
i guess those 90% of analysts without a MF offer will just have to be satisfied with being in the 90th percentile of US household income at the age of 24 instead of the 98th...poor things : (
Does the 12k include back office positions?
12K is reasonable when you think about all the regional firms and boutiques. Maybe they are adding ECM/DCM into things.
Sit est assumenda et corporis consequuntur aspernatur earum aut. Deserunt tempora accusamus quo.
Vel sit aut molestiae velit quaerat dolore aut. Et perferendis tempora debitis ex reiciendis totam. Ex dolor aperiam amet maiores.
Illum cupiditate iure at sunt dolores. Et repellendus aut ut repellat vel occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...