“The best thing a human being can do is to help another human being know more.”

– Charlie Munger, American Businessman, Investor, and Philanthropist

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In this issue, we firstly share thoughts on compensation trends and year-end hiring.

Banks continue to serve as the primary source of talent entering the investment industry, with trends within banks often influencing the buyside. Each first-year investment banking class possesses unique characteristics, and we delve into the distinct qualities of the new entrants to the finance industry using insights from Odyssey’s 2023 annual first-year investment banker Analyst survey.

We explore how private equity firms are increasingly integrating dedicated capital markets experts into their teams to optimize financial transactions. These in-house professionals bring industry insights, liquidity management skills, risk mitigation strategies, and time efficiency benefits. This trend signifies a strategic shift, enhancing decision-making and cost reduction across the industry.

Following the PE theme, we share insights from private equity investment professionals on their year-end compensation expectations, criteria most important to them when considering new roles, and their suggestions on how to improve corporate culture.

We’re happy to engage further on any of these topics, hiring plans, or anything else. Happy holidays, and best wishes for an amazing year ahead!

The Odyssey Team