Incoming Analyst - Potential 3rd Year - PE Recruiting
I'm a college senior at an Ivy skating through the end of my senior year, awaiting the upcoming summer where I will begin as an Analyst in a top BB Group (think GS TMT, GS HC/CR, GS FIG, MS Menlo, MS M&A). I've been thinking about my options as far as the next couple years, and with the group I'm working in, there are options to work internationally, potentially for a 3rd year as an analyst in a good European group within the European branch of the firm. I would really like to spend a year abroad, as I studied abroad in an intensive program during school and really enjoyed it, and I think work experience in a different country would be awesome. However, I have a few questions for those of you who have either stayed a 3rd year or considered the option.
1) I know most PE recruiting is done in January/February for 1st year analysts. If I am still in the regularly traditional PE/HF track, but I plan on doing a third year in Europe, would I then do PE/HF recruiting during January/February of my 2nd year? How do headhunters feel about this?
2) The group that I'm in traditionally has success at Megafunds and Top MM PE shops. What do MFs and MM shops think about 3rd years, and are they willing to interview/hire those staying for an extra year?
3) What are the potential downsides to staying a third year, other than delaying money and pushing business school back another year?
Any other thoughts or comments relating to the process would be very appreciated! I look forward to reading your responses.