With heightened market volatility and global uncertainty in recent months, some candidates and hiring managers found themselves distracted, glued to market movements rather than interview schedules. In the broader economy, layoffs and a focus on AI efficiency are giving some cause for concern, and professionals who once job-hopped to take advantage of high demand for talent now prefer to stay put.

Does this mean investment professional hiring is slowing? We don’t think so. Global stocks hit record highs as of early June, as one indicator of resilience in the market. In this newsletter, we discuss where we see the strongest supply and demand in the current hiring market across some of the strategies we cover. Although it feels like change is happening at a rapid pace, at least there are some things we can rely on: Tom Cruise will keep doing his own stunts in blockbuster action movies, and junior bankers will want to recruit for private equity, even with downward pressure on the strategy.

We also provide a recap of findings from our annual Public Equity Compensation Reports, which we recently shared with our clients. We will also distribute Private Credit, Performing Credit, and Special Situations Compensation Reports to clients in the coming weeks.

We hope you have an excellent start to the summer.

The Odyssey Search Partners Team