What slower fundraising and stuck exits mean for private equity hiring, and for bankers planning a move to the buy side For most analysts and associates, private equity is still the default next step. It is also where the pipeline is tightest. U.S. PE deal value fell...
In banking, the more senior you are, the shorter your emails get. It is a running joke on every deal team, and it is also a fairly precise description of how the job changes, and of what juniors get wrong when they try to skip ahead. Every banker knows the pattern....
Lateral candidates often talk about “my clawback” when they think about what it would cost to leave. Usually, what is holding them in place isn’t a clawback at all. It is deferred comp. The difference matters, because hiring banks treat the two very...
Wall Street’s biggest banks reported third-quarter results on October 13 and 14. Investment banking fees rose at most of them, led by Goldman Sachs at 21%, while Bank of America’s fell 11%. Compensation grew faster than headcount, and pay per employee rose...
More banks are building real capacity outside Manhattan. Here is how to tell whether a regional offer is a true deal seat, what the pay looks like once you adjust for where you live, and how the move shapes your next one. For most of the last fifty years, the career...
Two hires in the last two weeks tell the story. On September 28, Centerview Partners brought in Bennett Schachter from Elliott Management as a partner to lead and expand its Capital Advisory business. Four days later, Piper Sandler lifted a three-person infrastructure...
