The Harrison Rush/Fire Drill Weekly Wrap-Up

MARKET UPDATE

These days, there is considerable discussion about the private equity recruiting cycle. Firms like Apollo and GA have halted associate recruiting for 2027. I estimate that 85% of the junior bankers we speak with are interested in private equity roles. Moving to private equity is not for everyone. If you're trying to find better hours, the best move is to go corporate. The hours in IB are brutal, but PE is not much better. Private Equity can be a bit more predictable. Private Equity offers more involvement in actual business decisions, since you're investing real money and helping manage companies. While you might have more influence, junior roles can still feel repetitive and heavily focused on due diligence and modeling. Carry — the profit share that can lead to serious wealth — sounds enticing, but it's typically reserved for senior team members and takes years to materialize. In short, banking is excellent for building broad financial skills and opening doors, while private equity offers a deeper involvement with companies, albeit with a higher level of commitment. Banking provides a fast-paced, transactional flow that suits many.

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