Will the recruiting calendar for major PE players change next year?
Goldman Sachs and Morgan Stanley got serious this year about not letting analysts recruit for PE offers - Goldman fired analysts and officially set a December date for being able to recruit while Morgan Stanley just unleashed a new policy on the analysts saying anyone who interviews for PE firms before October 1st can be fired for it. Do you think that will create enough pressure on headhunters to push back recruiting by several months though? Or do you expect analysts at those two firms to just become more secretive about their interviews?
Considering that the life blood of any pencil pusher job is talented monkeys and not much else, I doubt the baller pe funds are going to sit on the side lines and not line up next years class on their schedule. What if one firm did wait while its competitors opted for more phone, email, before / after work interviewing? This is all speculation on my part but I doubt the big boys are going to sit on the side lines and wait because the sell side says so.
What about you, the aspiring BSD? Are you going to wait while someone else takes your potential future career?
Meh
From what I've seen, the top guys at Evercore, GS, MS (M&A), Blackstone, Moelis, etc. all have accepted really sick offers from top hedge funds already (Och Ziff, SAC, etc.), or really good opportunities at some newer PE funds. I think in the end the megafunds who decided to delay their recruiting will be left with mostly mid-tier GS bankers.
Interested in this...
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