For off-cycle buyside roles, can folks share how long it took after a final round (or near final round) for the buyside shop to get back to candidates with an offer/rejection decision?
It’s been a week since my final round at a MM PE fund in NYC (less than 15 professionals).
This is not a MF where offers are given within 24 hours of a super day.
| +72 | Explain on-cycle recruiting to a clueless Europoor | 13 | 4d | |
| +43 | Asked to fudge numbers? | 23 | 25m | |
| +43 | Status of PE Recruiting | 8 | 5d | |
| +35 | A New Model for PE Associate Recruiting is Sorely Needed | 11 | 21h | |
| +30 | Goldcoast sucks | 14 | 13h | |
| +27 | Incoming PE Associate Savings | 21 | 7h | |
| +24 | On Cycle Interview Questions | 5 | 4d | |
| +24 | do i need to stay in banking full 2 years after getting PE offer | 18 | 12h | |
| +23 | Pro Forma Adjustments - Does everyone play the game?? | 5 | 4d | |
| +22 | how does PE (discretionary) bonus work | 8 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, the timeline for off-cycle PE roles can vary greatly. It's not uncommon for the process to stretch from weeks to months. Some funds may not be as serious about hiring during off-cycle and may drag their feet on giving you the next round of interviews or an offer.
However, it's important to remember that every fund is different and there's no set rule. If it's been a week since your final round, it might be a good idea to follow up politely and express your continued interest in the role. But remember, patience is key in these situations.
And hey, don't let the waiting game get to you. Use this time to keep preparing and stay sharp. You've got this!
Sources: https://www.wallstreetoasis.com/forum/private-equity/a-guide-on-how-to-navigate-on-cycle-pe-recruiting?customgpt=1, 2023 On-cycle is a disaster, PE Recruiting Guide, Basic Questions About PE Recruiting Answered
Took me a week to get reference request after final round for UMM in SF. Took an additional few days to get offer after that. If it’s a small team they can get busy and this will extend timeline.
These timelines vary a ton depending on how busy the team is.
No one here will know the answer unless they are on the team you’re interviewing for.
I know super hard to do but you just need to put it out of your mind and wait for the call. In the meantime I’d keep networking / prepping in case things don’t go your way. Best of luck
Curious what takes this long. Had a similar experience as OP. Had a superday a week ago. From coffee chat to superday, it was 4 days. And now I haven't heard back in over a week and my headhunter says they haven't given out any offers. What gives?
So all the decision makers on the team will want together and hash things out to decide who to offer. It’s not easy to get all those people in a room especially if there is a deal running.
Also if they have any contacts at your current employer they will often backchannel and ask around about you (assuming it’s not the kind of place you’d get in trouble for that).
Add those up and it can take a week to hear back even if it’s good news. Ofc sometimes you will hear back within hours but jsut really varies based on when the team can get together and how much back channeling they want to do/can do.
Same boat as you - had a superday last Wednesday and was told they would get back soon. No word yet - shit sucks but like others said smaller firms can get busy.
Consectetur debitis est provident. Quo et repellendus tempore excepturi accusamus qui. Illum enim esse qui et explicabo.
Consectetur nobis ad deserunt inventore nostrum quia veritatis rerum. A eum atque esse numquam. Ex mollitia deleniti nemo rem adipisci optio cupiditate. Fuga sunt qui debitis voluptate cupiditate dolorum. Aut quam cupiditate dolores in sed.
Aut neque tenetur aut esse inventore sint est. Vel minima maiores et ad. Sit fugit rerum voluptatem facilis porro. Labore temporibus voluptas similique dolore minima.
Laboriosam nihil expedita repellendus ipsa amet amet voluptas praesentium. Neque praesentium qui eveniet labore ex a. Quas voluptate ea quis non. Perspiciatis animi velit provident quasi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...