Recruitment at private-equity firms remains competitive, WSJ says

Recruitment at private-equity firms has been intense, with interviews lasting until 3 a.m. and job offers that require a response within a day for a position that won’t start for two to three years, AnnaMaria Andriotis, Ben Glickman, and Alexander Saeedy of The Wall Street Journal reports. Morgan Stanley (MS) recently implemented a policy requiring analysts to disclose if they have secured future employment elsewhere, a person familiar with the matter said. Meanwhile, Goldman Sachs (GS) recently decided to ask its analysts every three months if they have accepted a future job elsewhere. Additionally, JPMorgan Chase (JPM) said analysts would be fired if they accepted future-dated jobs within their first 18 months at the company.