Deals
Private Equity Prowls for Young Bankers Early in Frenetic Ritual
- Cocktails, interviews start within months for junior analysts
- Job offers can ‘explode’ at midnight as buyout firms compete
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Wall Street’s newbies -- investment banking analysts straight out of college who just hit the desk -- have barely started one job when another starts beckoning.
Junior analysts a few weeks on the job can now expect a flurry of emails from headhunters for some of the most prestigious private equity firms in the world. The jobs they’re being recruited for can pay more than $200,000 a year and won’t start until 2019. The battle to hire the best of them is fiercer, and more urgent, than ever.