Why big banks and private equity firms are fighting for new college grads.
There is this annoyance that has been there for many years and grown as the P.E. recruiting tactics have gotten more aggressive of why are we even bothering investing in all these people?
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It's Thursday, July 10th.
I'm Alex Osala for The Wall Street Journal.
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These are some of the aggressive recruiting tactics that private equity firms are using to hire recent college graduates and poach them away from big banks,
where they've started their first gigs as analysts.
Journal reporter Anna Maria Andriotis is here now to discuss.
Anna Maria, why are private equity firms looking to hire from these banks?
Why are they not trying to hire these recruits right out of college?
Well, a college graduate is going to need a lot of work,
a lot of training before they're really primed and ready to go for the type of work that private equity firms want and,
quite frankly, that investment banks want.
The investment banks have essentially been putting in a lot of their own money into training these college graduates,