Recruiting Update, Private Equity Comp, People Moves

Yo- November marks the winding down of the recruiting season. This year it never really got going except if you were an MD. It picked up slightly post Labor Day but now it feels quiet.

RECRUITING TIPS FOR THE OUT OF WORK:

• Take the job if you have the offer. The market will not rebound until mid Q1.

• Joining a bank is better than a boutique in this market because there are more products to sell. Unless its an elite boutique you are better off at a full-service bank with M&A, Capital Markets, RX and/or lending.

• DO NOT pay for resume review services or pay to speak with a recruiter.

• Taking a step back in class year can be a good thing. Especially if you are switching sectors.

2023 PRIVATE EQUITY ASSOCIATE COMPENSATION

ASSOCIATE 1 255K

ASSOCIATE 2 298K

ASSOCIATE 3 335K

People Moves

Wells Fargo has hired Telecom Banker David Case from Barclays

William Blair has hired Sprague Von Stroh to focus on West Coast investor coverage

Barclays has hired Jon Swope to cover HealthTech from SVB

Open Jobs

Managing Director - Digital Infrastructure, Cyber Security, SaaS

Managing Director Large Cap Sponsors -Non-Banking Role

Director Healthcare-Non-Banking Role

Vice President Tech and Business Services

Associate Tech coverage

Associate Middle Market Private Equity TMT

Email John McManus or Tom Ragland at Harrison Rush if interested

[email protected]

[email protected]

[email protected]

Non Stop Laughter watch the You Tube. This is what I do when the market sucks

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