Why do people get stuck in their jobs? Why do bankers go from IB to private equity? Why does the person who dreams of running a bakery do high finance at all? The simple answer to all of these questions is the Golden Handcuffs
Most first-year investment banking analysts are getting settled into their desk after their summer training, and they are already starting to feel the pressure to start planning their next move – usually to Private Equity. Let's talk about what the recruiting cycle looks like for Private Equity for a first-year investment banking analyst.