Do all the MFs go on-cycle?
Of the 25 firms that went on-cycle last year, were there any MFs that chose to wait and do off-cycle? If you want to land at a MF, is it over if you don't land an on-cycle placement?
Of the 25 firms that went on-cycle last year, were there any MFs that chose to wait and do off-cycle? If you want to land at a MF, is it over if you don't land an on-cycle placement?
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Career Resources
Based on the WSO Dataset, not all MFs (Mega Funds) strictly adhere to the on-cycle process. Historically, while many MFs participate in on-cycle recruiting, some reserve spots for off-cycle recruitment as well. This flexibility allows them to evaluate candidates who may not have been ready or available during the on-cycle period.
If you aim to land a position at a MF and miss out on an on-cycle placement, it's not necessarily over. Many funds conduct off-cycle recruiting, providing additional opportunities to secure a position. This can be particularly advantageous for candidates who need more time to polish their skills or gain further experience to stand out. Off-cycle processes might offer a more tailored approach, potentially leading to better alignment between the candidate's skills and the fund's needs.
In summary, while on-cycle recruiting is a significant pathway into MFs, off-cycle recruiting remains a viable and sometimes strategic alternative for candidates.
Sources: On Cycle 2025 Advice, On Cycle 2025 Advice, PE Recruiting Guide, 2023 On-cycle is a disaster, On-Cycle, IB Offers, Hair Splitting, Depression, and "The Path"
None of the Big 3 Tech MFs go during on-cycle
Can confirm for summer 2025 OC
Why is this getting monkey shit thrown at it? This is why WSO is so terrible at times, just a bunch of prospects throwing MS at someone answering a question not to their liking.
For the record, also did OC 2025 and can confirm this was the case.
Thanks—very helpful to know!
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