The WSJ has the latest:
Hectic Private-Equity Recruitment Process Leaves Firms Looking for Alternatives. July talent-grab leaves some firms frustrated with process for hiring entry-level workers. by Chris Cumming, Aug. 30, 2023
"Private-equity firms are recruiting workers with less and less Wall Street experience every year, hoping to beat out their competitors to hire the most impressive recent college graduates.
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"Over about 48 hours every year, hundreds of first-year investment bankers file through private-equity offices for a battery of interviews and tests, hoping to land an offer in one of the world’s most highly paid industries.
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"This year’s recruitment process kicked off July 21—the earliest date ever—for positions starting in 2025. Firms hired candidates who have mostly just graduated from college and are beginning two-year bank-analyst programs, making offers that kick in after their programs end.
HT: Isaac Sorkin
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