Hire Wire Feb 28 2012

Private Equity Firms to Slow Hiring

By michal wursthorn

Only a month into his second year at the Stanford Graduate School of Business, masters of business administration candidate David George managed to land - and ultimately accepted - an offer to serve as a vice president with growth-equity firm General Atlantic, starting this summer.

As with other MBA candidates with an interest in the private equity industry, George, 27 years old, is finding employment prospects for the class of 2012 to be better than the years following the recent economic downturn, as the industry continues its recovery from a fund-raising and deal-making slump that curbed many firms' hiring activity.

But while MBA candidate hiring by private equity firms rose in 2011 to reach levels not seen since 2008, professional recruiters and campus employment officers say growth in new PE hires of MBA candidates seem to be stagnant for 2012 - and 2013 doesn't appear to bode any better.

The full version of this story appears in the March issue of Dow Jones Private Equity Analyst. Click here for a free trial.

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