Am currently a research analyst at a HY/distressed hedge fund (I started here ~3 mos. ago). If you look at this list (http://online.barrons.com/article/SB50001424052748704253204578469283806191260.html#articleTabs_article%3D2) and average the ranking of the things you'd find most important (rank of 3-yr compound annual return, fund assets, 2012 return and total firm assets), we'd come in at ~#11 (among US-based firms w/ >$10bn AuM below Pine River, Bridgewater All Weather, Appaloosa, Citadel, AQR and Third Point but ahead of Bridgewater Pure Alpha, Adage, Lone Pine, Angelo Gordon, D.E. Shaw, Silver Point, Renaissance and SAC).
Currently kicking the tires on a pre-MBA opportunity in the international office (think China/India) of a megafund PE firm (think TPG, BX, KKR, Carlyle, CVC, Apax, Apollo, Bain, General Atlantic) purely as a means to:
A) be in a role that transitions better to business school [would like to start a business over the next ~5 years and think it'd be v. useful to go to a Harvard/Wharton/Stanford and build my network/have time to come up with some ideas]
B) get some international investing experience
I also like the more involved deal experiences with equity ownership, etc.
As a note, hours are p. awesome where I am now (get in ~7:30 to 8 and leave by 6 - no weekends), I like where I live (have always lived in the US) and there's no PE-like requirement to get up and leave the firm after a set time period. Def. feel like I'm learning a good amount and I'm not super keen on jumping from place to place so quickly.
That being said, wondering based on your guys' perspectives:
A) to what extent I'd gain the advantages I spelled out in an international office (easy transition to b-school, level of international investing experience, depth of investing experience)
B) your general thoughts (plusses and minuses I'm not thinking about as I evaluate this)
Thanks in advance.
Btw, pay is basically the same between where I'm at now and this opp.