PE Recruiting as an International
Hey everyone, I was curious if anyone knew how PE recruiting works for international students. A lot of international students have 1 year eligibility to work and the PE offers given are two years out. Do they transfer you to another office then? Or is there a work around?
Thanks in advance.
Ignore the title. As an international myself, if you don’t have STEM OPT you are mostly ineligible to recruit for PE.
Even with STEM OPT, I found that most shops (outside of large funds with global offices) were not interested given that you’d only have 1 year as an associate and then would have to leave.
I won the H1B lottery recently and the opportunity set that’s available has increased 5 fold. I’d recommend trying to secure the H1B by having your bank apply for it the cycle before your start + the cycle you are already at the desk.
If all else fails, look into Day 1 CPT masters, regular 1 years masters (Vanderbilt/MIT MFin) or transferring abroad.
Best of luck
Planning to do Day 1 CPT next year if I don’t get selected for H1B. Would I still have the chance for PE, given I would have 3 yrs of work authorization (from Grad STEM-OPT) by start of my associate role.
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I recruited with a h1b and found that most funds were pretty receptive.
STEM OPT, got an offer at MF. Started and after 1 year ( = 3rd year of STEM OPT) didn't get H1B and got transferred to London.
More common than you think. Just do your best while recruiting, you have a shot at places. I had 3 final rounds during on-cycle.
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can I pm with a few questions
This might be a niche question but I might only have 3 years left on my h1b (extension). Any idea how this plays out during recruiting?
So which shops tend to sponsor if you don’t have the h1b yet and are on STEM opt?
Most MFs and the global UMMs. Basically anyone for whom you going to London is not a big deal, either from a logistical or a staffing / capacity perspective.
so you're saying it's that common that people don't get h-1b after 3 years of STEM OPT?
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