Study Abroad or Terrible Idea?

Based on the most helpful WSO content, here's what you need to know:

1. Virtual vs In-Person Interviews/Assessment Centres (ACs):

   • Many London firms conduct a mix of virtual and in-person interviews/ACs. For example:
     • In-person ACs: HL RX, EVR, GS, MS, Rothschild.
     • Online ACs: Citi, UBS, Lazard, PJT, Moelis, JPM, Barclays.

2. Travel and Accommodation for Final Rounds/ACs:

   • While some firms may cover travel expenses for candidates flying in from abroad, this is not guaranteed across the board. For instance:
     • Real estate firms and some other industries have been noted to occasionally subsidize travel expenses, but this is not always the case for investment banks.
     • If you're overseas, it's worth clarifying with the recruiter whether they will cover travel and accommodation costs for final rounds or ACs.

3. Discrimination Against Students on a Year Abroad:

   • There is no explicit discrimination against students studying abroad. However, being overseas during the recruiting process can present logistical challenges, especially if firms require in-person attendance for ACs or final rounds.
   • Networking and maintaining strong communication with recruiters can help mitigate these challenges. Additionally, some firms may accommodate virtual interviews for candidates abroad.

If you're considering studying abroad, ensure you have a clear plan for managing the recruiting process, including time zones, travel logistics, and staying connected with recruiters.

Sources: Advice for London 2022 Applications Cycle - A Couple of Observations, https://www.wallstreetoasis.com/forum/investment-banking/qa-australian-ib-life-etc?customgpt=1, Advice for London applicants, Will RE firms cover or help to subsidize your travel expense for interviews?