Third Year Internationally vs Associate Promotion

Hi,

I'm currently a first year BB analyst in NYC, sat out PE recruiting this year because I knew I wanted to either 1) do a third year analyst program internationally or 2) try to get the associate promotion after two years and then leave. Have a few questions about these two options:

  • For third year international program, does anyone have experience negotiating this? My fear is that the MDs in my group don't have much incentive to try to get me a spot in an international office. Wondering if I should be vocal about wanting to go internationally now, or wait until I'm offered third year analyst/associate promotion and try to leverage it?

  • Thoughts on different international offices? Thinking London/HK/Singapore/Frankfurt, but interested in hearing general pros/cons (compensation, how interesting the work is relatively, etc) of different options. Obviously varies by bank, but general thoughts on different locations are appreciated

  • Is it true that you basically give up the option for early associate promotion if you try to do a third year international rotation?

  • General thoughts on how going abroad would be viewed vs staying and trying to get early associate promotion

Thanks in advance!

 

Et ullam ut odio voluptatum omnis. Sed cupiditate in est magni dolorem iure voluptas. Molestiae qui voluptas minus fugit nam dolores.

Labore eos minima odit magnam corporis sed sit. Explicabo aut laboriosam minima ipsam. Voluptatem ducimus aut molestias.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”