RecruitU Fall IB Event Series + KKR Events (First Step to Final Offer 09/10/24)

CAREER OPPORTUNITIES

[NEW] RecruitU Event Series

Join RecruitU Experts for 8 webinars designed to educate and prepare sophomores for summer internship recruiting. Run by Former Head of Evercore Recruiting and Former Employer Partnerships at Colby and Bowdoin College.

• September 11 @ 12 pm ET: What Your Career Advisor Should Be Telling You About Recruiting Link Here

• September 16 @ 7 pm ET: Investment Banking Networking Best Practices Link Here

• September 23 @ 7 pm ET: Preparing for Events to Earn the Investment Banking Interview Link Here 

• September 24 @ 12 pm ET: How Students Break into Wall Street with Special Guest Part I  Link Here 

• September 30 @ 7 pm ET: How Students Break into Wall Street with Special Guest Part II Link Here 

• October 7 @ 7 pm ET: How to Prepare for Investment Banking Interviews Link Here 

• October 21 @ 5 pm ET: Preparing for Investment Banking Interviews, Part II Link Here

[NEW] KKR Fall Event Series

“See Yourself Here” is a virtual webinar series, which is a 9-part interactive series that’ll provide education around who KKR is and what they do, as well as insight into the 2026 Summer Analyst recruiting process.

• September 25th @ 4:00pm ET: What is KKR & 2026 Summer Analyst Program Recruiting Process Overview Link Here

• October 7th @4:00pm ET: Infrastructure Link Here

• October 9th @ 4:00 pm ET: Capital Markets Link Here

• October 10th @ 4:00 pm ET: Private Credit Link Here

• October 14th @ 4:00 pm ET: Leveraged Credit Link Here

• October 15th @4pm ET: Real Estate Link Here

• October 16th @ 4:00 pm ET: Global Client Solutions Link Here

• October 21st @ 4:00 PM ET: Global Macro Balance Sheet & Risk Link Here 

• October 22nd @ 4:00 PM ET: Private Equity Link Here 

Class of 2027 Jobs & Events

• [NEW] Societe Generale 2025 Sophomore Investment Banking program Link Here

• Raymond James Banking Insights Program Link here

• Bank of America Global Markets Sales & Trading Rotational Sophomore Summer Analyst Program – 2025  Link here 

• Goldman Sachs Possibilities Summits  Link here

• Deloitte Consulting Discovery Sophomore Intern Summer 2025 Link here

• Deloitte Discovery Intern (Sophomore) Consulting (Government & Public Services) - Summer 2025 Link here

• RBC Capital Markets U.S. Pathways Diversity Award Program Link Here

• RBC Capital Markets U.S. Women’s Advisory Program Link Here

• RBC Capital Markets LGBTQ+ Sophomore Insights Program Link Here

• Bain & Company Event Series Link Here

• Goldman Sachs Emerging Leaders Series - Link Here

• Morgan Stanley Summer 2025 Applications - Link Here

Class of 2026

• Morgan Stanley 2025 Investment Management Summer Analyst Program - Fixed Income High Yield (Boston)  Link here

• Goldman Sachs 2025 Internships  Link here

• StepStone Group 2025 Private Equity Summer Analyst  Link here

• Susquehanna International Group, LLP (SIG) Quantitative Trader Internship: Summer 2025  Link here

• Bracebridge Capital 2025 Summer Investment Analyst  Link here

• Blackstone 2025 Real Estate Finance Summer Analyst   Link here

• BNY 2025 Summer Internship Programs Link here

•  Deutsche Bank Internship Program Investment Bank: Commercial Real Estate - New York - 2025  Link here

• MUFG 2025 Corporate, Investment Banking and Markets (CIBM) Summer Analyst Program  - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2025 - Link here

• Lazard 2025 Institutional Client Group Summer Internship - Link Here

• Baird, Equity Research Analyst Summer 2025 - Link Here

• BCG Associate Internship - Link Here

• Bain & Company Associate Consultant Intern - Link Here

• Nomura Summer 2025 Analyst Roles - Link Here

• Citadel Securities Trading Fundamental Analyst - Link Here

• Loop Capital Summer 2025 Analyst Positions - Link Here

• Stifel Financial Corp Summer 2025 Analyst Roles - Link Here

• Citi Summer Summer 2025 Analyst Roles - Link Here

• StepStone Group Summer 2025 PE Analyst - Link Here

• Guggenheim Summer 2025 Applications - Link Here

• Oppenheimer Summer 2025 Applications - Link Here

• Abdiel Capital Summer 2025 Application - Link Here

• Long Ridge Summer 2025 Application - Link Here

• D.E. Shaw Summer 2025 Application - Link Here

• Bank of America Summer 2025 Applications - Link Here

• Point72 Summer 2025 Application- Link Here

TECHNICAL QUESTION OF THE WEEK:

MARKET NEWS

August U.S. Jobs Report Shows Signs of Cooling Labor Market

The U.S. economy added 187,000 jobs in August 2024, slightly below economists' expectations and reinforcing signs of a slowing labor market. While job growth remained positive, wage gains also slowed to a 4.2% year-over-year increase, down from previous months. The unemployment rate unexpectedly rose to 3.8%, driven by more people entering the labor force. This report is expected to factor into the Federal Reserve's decision-making on future interest rate hikes.

Source: CNBC

Family Offices and Hedge Funds Now Manage $5 Trillion in Assets

Family offices and hedge funds are seeing massive growth, with combined assets now totaling $5 trillion globally, according to a new report. These entities are becoming more influential players in capital markets, driven by increasing allocations to private equity, real estate, and venture capital. Family offices, in particular, are gaining attention for their ability to deploy large amounts of capital with flexibility, while hedge funds are reaping benefits from volatile market conditions.

Source: CNBC

OpenAI Considers Higher-Priced Subscriptions for Its Chatbot AI

OpenAI is weighing the possibility of introducing pricier subscription plans for its popular AI chatbot, ChatGPT. According to a recent report, these higher-tier plans would offer enhanced features and priority access to future upgrades, potentially aimed at business and professional users. The move comes as OpenAI seeks to further monetize its offerings amid growing competition in the artificial intelligence space.

Source: Reuters

Corporations Stampede into Bond Market in Record-Breaking Issuance Day

Corporate America saw a historic rush to the bond market on September 3, 2024, with companies issuing over $30 billion in debt, the busiest single day on record. Large firms, including Amazon and Ford, took advantage of relatively stable borrowing conditions to lock in favorable rates. Analysts suggest that companies are rushing to issue debt ahead of potential interest rate hikes by the Federal Reserve, reflecting uncertainty over future borrowing costs.

Source: Bloomberg

M&A DEAL OVERVIEW

Bain Makes $4.1 Billion Counteroffer to KKR’s Takeover Bid for Fuji Soft

Bain Capital has submitted a $4.1 billion counteroffer to rival KKR's bid for the Japanese IT services provider, Fuji Soft, according to reports from Nikkei. This move intensifies the competition between two of the world's largest private equity firms for control of Fuji Soft, a company specializing in cloud computing and software development services. The counteroffer represents Bain’s effort to outbid KKR, which had previously made a $3.7 billion offer. The competition between these firms is part of a larger trend of increased M&A activity in the technology sector, as private equity looks to capitalize on the growing demand for digital transformation services.

Source: Reuters

ADDITIONAL RESOURCES

• Class of 2027 Application Tracker

LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER: