Private equity firms are back on the hunt for recent banking graduates, with recruitment efforts starting as early as this week. This shift comes after a previous agreement to give new graduates breathing space before hiring them has seemingly lapsed. The allure of moving from banking to private equity lies in the potentially higher pay and more interesting work as a buyer rather than an advisor. However, the reality of working in private equity may not be as glamorous as perceived, with grueling hours and chaotic recruitment processes causing some disillusionment among junior bankers. Additionally, the aftermath of a violent incident involving a banker has led to his resignation and a reshuffling of responsibilities at Moelis & Co. Amidst all this, issues like gender pay gaps, job losses in investment banks, and personal workplace relationships continue to shape the financial industry landscape.