This is a NYT piece on the hunt for buy-side jobs now going on, as reported in http://dealbook.nytimes.com/2013/05/23/a-rush-to-recruit-young-analysts….
“Every year recruiters get hold of full lists of analysts in the top groups at the top banks,” said a second-year analyst at JPMorgan Chase who secured a private equity job a year ago. “Private equity funds want kids from the mergers and acquisitions, leveraged finance and financial sponsors groups so headhunters will call the main line at these desks and just recruit the analyst that picks up the phone.”
It is difficult for these analysts to resist when recruiters sell the promise of high salaries and better hours.
“It’s back to a knife fight in an alley,” the executive said. “And it’s not fair because these kids get barely any on-the-job training before a recruiter reaches out to them. We should just be recruiting these kids out of middle school. Forget high school, college and Goldman Sachs.”
