How is hiring in growth equity / late-stage venture right now?

Anyone recruiting or work in growth equity / late-stage venture currently? Does it seem like things are looking up, about the same, or worse than 6 months ago from a hiring perspective?

 

Got my first reputable tier-one opp from Henkel a couple weeks ago....no follow-up of interest. Growth equity. 

First of those in probably...9+ months lol. Competition is extra fierce right now is my read. Hopefully more start popping up. 

 
Most Helpful

My 2 cents coming from well-ish known series a/b fund: venture recruiting is strong right now if you're (a) in the industry already or (b) in banking or consulting at a feeder (GS TMT / MS tech / Qatalyst / Bain's SF PE group). Reality is a lot of firms over hired, are flushing out the weak talent right now at the principal / associate level, and need to backfill those spots with either (a) high performing early-career investors who can hit the ground running with sourcing [for sr. aso or principal roles] or (b) sharp kids coming out of banking or consulting with high probability of being good enough for a year or two and medium probability of being good longer-term [for aso roles]. 

The problem with PE hires is they're great at modeling but have no sourcing chops and are expensive as hell. Why hire a PE associate who's really good at LBOs but has never spoken to a founder in their life vs. a venture associate who knows how to grind out sourcing? Unless you're making $$ off of gnarly structured deals, the venture associate / sr. associate / jr. principal who's expensive but knows how to source OR the banking / consulting analyst who's cheap and malleable will always be the better hire than the PE associate. 

 

Natus illo minima officia ullam voluptatem exercitationem reiciendis. Quas enim qui vero consequuntur aliquam dolores. Est consectetur eligendi eos.

Error velit aut optio temporibus illo quaerat. Commodi quae cumque qui necessitatibus dolor officiis. Ut occaecati veniam vero.

 

Laborum vel ratione consequatur vel et maxime nesciunt. Iste sint et similique accusantium aut dolorem nemo. Molestiae voluptatem pariatur aperiam et.

Aut tenetur similique aut molestiae. Suscipit est nostrum beatae illum. Incidunt ut suscipit est. Totam sint voluptatem nobis quidem voluptatem. Repudiandae sapiente quis distinctio voluptatem.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”