General Atlantic has ceased its 2027 associate recruiting, following Apollo Global Management's similar move, amid rising critiques of on-cycle recruiting practices in the finance industry. The current timeline for recruiting has been criticized for conflicting with junior investment bankers' graduation and career transition, leading to calls for more ethical recruitment processes. Jamie Dimon, CEO of JPMorgan, has labeled early recruiting practices as "unethical," prompting his bank to halt junior participation in these recruitment cycles. General Atlantic's commitment to thoughtful talent acquisition emphasizes the need for junior bankers to focus on their personal development during this career stage.
General Atlantic's decision to halt 2027 associate recruiting reflects a broader critique of on-cycle recruiting, amid concerns it disrupts junior bankers' early career paths.
This decision aligns with JPMorgan's recent crackdown on early recruiting practices, which some critics, including CEO Jamie Dimon, have termed "unethical".
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