Got pinged about a potential job opportunity in Philadelphia and honestly know nothing / no one in the city. It sounds like a great job though so I'm curious what it's like to live there. Can anyone share their experiences? Thanks!
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I am. Pretty cool place. Good food, cheaper than NYC, some cool spots in and around the city. Are you a cowboys fan, though? If you are you won’t make many friends.
We had a pretty good thread last week on this. Consider good regional locations and commuting. It's rather comfortable even for people who work in NYC. You'd be amazed who you see on the platform in Trenton at 7am. If the guy designated by Bloomberg as "Mr. ETF" can do it, you can too.
Philly is NOT a high end food city, but it does working-class food really well. Know your order, and you'll be happy. I'm a steak wiz wit guy. Witout is also OK, but never order peppers or a fancy cheese. Long-hots are great but have no place on a cheese-steak, nor do any other sort of peppers. If you want a really deep cut argue that the best food from the city isn't a cheese steak, but a roast pork. You'll get massive respect and flack simultaneously as everybody argues if John's or DiNick's is better. (DiNick's is better)
I worked a project in Philly a couple years ago, there were some decent higher end places I went to with the Amex, but tbh I loved Chinatown the most. There was this really good Malaysian place I went to, the name is escaping me, but that was sick. Obviously Reading Terminal is great too, probably the premier food hall in the country.
Tommy DiNic’s
Went to high school in the burbs and a non-target around center city. What do u want to know specifically about it? Work wise or socially?
Temple? Girard maybe? There aren't many of those. I won't insult you by suggesting Rutgers Camden.
I'll just say Mario. And no, neither of those are in/around center city
Lived there for four years, its a decent city to live in (full disclosure, I am not a city guy generally). Food scene is great, especially relative to NY since it is much more accessible and you don't need to make a reservation weeks in advance for most place. The wage tax (~4%) is pretty annoying but depending on where you are coming from, could not matter much. Not sure what the vibe is post COVID (I left kinda early back in May) but the social scene is generally pretty good. There are a bunch of bars and good restaurants downtown and you could usually mingle with other people when going out. I played in the Philly sports league which was fun and a good way way to meet new people.
Just a heads up, a lot of recruiters will advertise a job as being in "Philadelphia" but they are actually located in the 'burbs. Be sure to ask about where specifically they are located if that is important to you. Feel free to PM me if you want some insight into the specific firm you are looking at, generally know the PE/banking scene
If you want some commentary on neighborhoods, let me know and I'll draft up some thoughts here for people to see (have to split for a call right now)
That is a very good point to bring up. Malvern is a very different animal than Center City. Even Conshohocken is a different beast.
West Consh specifically. Malvern has SEI and Vanguard mainly
Although don't sleep on no sales tax shopping at King of Prussia - great to refresh your wardrobe.
To the OP - if you have travel in your role, or enjoy travel generally, don't sleep on the Philly Airport. It's a massive, sprawling beast at this point - which brings it's own issues if you are connecting through - but has a ton of flights. Plus they've renovated or added quite a bit to it over the last few years, so it's pretty modern. Also has an AMEX lounge if you are into that kind of thing. Getting there can be annoying - but if you take SEPTA it's not terrible. Easier than dealing with 95 - though basically everything is easier than that. You certainly are not giving up anything moving from a larger city - if that's what you are doing - might even be an upgrade.
From the ‘burbs and have lived in the city for years. I really like it but am getting old now so I have to think about things like school districts, taxes, safety, etc so will be leaving in the next year or so.
Some posters have already touched on the main points. Great food/drink scene. City wage tax sucks. Finance scene is small and split between suburbs and Center City so reverse commuting is common, but there are some really great opportunities to be found here. Easy Amtrak ride to NY/DC.
If you have any firm-specific questions feel free to PM me, happy to go into detail on the firms here.
Best PE firms in / around Philly area?
“Best” is probably LLR if we’re not counting First Round Capital.
Then there are a number of reputable shops around (not an exhaustive list): Graham, Inverness Graham, NewSpring, Lovell Minnick, Milestone, Guardian, Eureka, Susquehanna Private Capital. On the debt side you have LBC and Boathouse (NewSpring has a mezz fund as well).
Anyone heard anything ab financial consulting Valuations at RSM Philadelphia. I know it's not banking or your typical finance role but I'd just like to know a bit more ab it.
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