Major Private Equity Firms Halt Junior Recruitment Following Industry Backlash
General Atlantic and Apollo have both decided to pause recruitment practices for junior bankers amidst growing complaints from the banking sector, particularly criticisms by Jamie Dimon. General Atlantic, managing $108 billion in assets, has explicitly ceased its private equity recruitment efforts, aligning itself with Apollo, which is rethinking its early job offers due to concerns raised by banks. This move reflects a significant shift in hiring strategies as both firms navigate the pressures and expectations from the industry.
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