How far are you willing to relocate for work?

This is just a general question, not related to me currently, but may be an issue in a few years. How far are you guys willing to relocate to find the job you want? I'm just curious to know what others have to say about this.

 

If compensation was exactly the way I wanted it anywhere for a few years.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

New York, London, California, and Italy (studied abroad there, would love a year or two in a place like Milan -- although it's a pretty dull city).

I am permanently behind on PMs, it's not personal.
 

^^^ u kno i hate when ppl talk about how expense NYC is and cost of living and all that crap...Theres a reason why they call it the greatest city in the world and the financial capital of the world. The stuff you can do in NYC you cant do in most places...think about it.

 

Anywhere in the world that I felt reasonably safe, which for me (at the moment) means anywhere but Venezuela, Middle East, and Mexico. I'm with Relinquis -- I'd actually prefer to go to a place where I don't speak the language. Would definitely spice up life and create a great opportunity to learn.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 
ValueInvesting:
How far are you guys willing to relocate to find the job you want?

Relocation to find a job I want is a whole lot different to relocating to fill a position I've been accepted for. One is future potential earnings and another is a guaranteed position.

For "finding a job," the distance would be correlated to the certainty that I would find the job once I got there and the desire for the job. Where as to fill a position, the distance would be correlated to the job benefits.

If you gave me my dream job on a dream paycheque, but I had to move across the world, it's a much easier choice than saying "move to London, the job prospects in x industry are better."

 

having been faced with that decision multiple times these last few years - as far as possible for the right opportunity.

the question some will face in the future is that if i want to stay in banking at vp or above and really can't cut it at a firm in nyc or la or chi or dallas/houston, am willing to relocate somewhere with my gf/wife/kids for the right opportunity? do you take an offer with a shitty bank in a role where you'll be fired among volatility, change in direction of the business or go where there's a really strong group at a decent in a less than ideal location but critical for your career since its the home office.

it all depends on where you are in your life, where you're going and who you're going with (and in some cases who you're leaving behind)

------------ I'm making it up as I go along.
 

I'm pretty picky about cities; if I'm going to spending all my time there, might as well live somewhere enjoyable. NYC, Boston, DC, maaaaybe Chicago. No Houston/Dallas, no California (except SF if the offer is good enough). Would also not mind Tokyo, HK, Singapore, Shanghai.

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
chicandtoughness:
I'm pretty picky about cities; if I'm going to spending all my time there, might as well live somewhere enjoyable. NYC, Boston, DC, maaaaybe Chicago. No Houston/Dallas, no California (except SF if the offer is good enough). Would also not mind Tokyo, HK, Singapore, Shanghai.
Wow... not a single European city... No love for London?
bonks:
Fucking Wisconsin apparently
care to elaborate?
 
Best Response
Relinquis:
chicandtoughness:
I'm pretty picky about cities; if I'm going to spending all my time there, might as well live somewhere enjoyable. NYC, Boston, DC, maaaaybe Chicago. No Houston/Dallas, no California (except SF if the offer is good enough). Would also not mind Tokyo, HK, Singapore, Shanghai.
Wow... not a single European city... No love for London?
bonks:
Fucking Wisconsin apparently
care to elaborate?

Of course. I moved literally across the country (TX-->WI) for a CO job because of (1) the pay and (2) the learning opportunities. I am the first person hired (aside from the manager) in a regional office of this firm, giving me practically unlimited travel opportunities and more face time with company higher ups than I could get anywhere else as a 22-year-old recent grad.

Actually on my way into the office for my first day of work. Wish me luck!

Nothing short of everything will really do.
 
Relinquis:
chicandtoughness:
I'm pretty picky about cities; if I'm going to spending all my time there, might as well live somewhere enjoyable. NYC, Boston, DC, maaaaybe Chicago. No Houston/Dallas, no California (except SF if the offer is good enough). Would also not mind Tokyo, HK, Singapore, Shanghai.
Wow... not a single European city... No love for London?
Europe isn't too high on my list at the moment. I love the continent as a place to travel, but I'm just not familiar enough with the business environment there to know if I'd be comfortable. I'm up for trying anything, really, just not long-term unless I know it's someplace I'll enjoy.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
FormerHornetDriver:
Do not sell out Houston or Dallas. They are not NYC or Chicago, but the cost of living in those places is so freakin' low that it's like living in a different country. $100K in H-Town is like making $250 in NYC.
They can't be that cheap.
  • How much does it cost to rent a two bedroom condo (say 1,500 SF or so) in a good location?
  • What about dinner at one of the 10 best restaurants in the city?
  • I'm assuming you'll need a car for these cities. Do cars costs that much less there?

These just cover rent/housing, entertainment and transportation. Where are the savings?

 
Relinquis:
FormerHornetDriver:
Do not sell out Houston or Dallas. They are not NYC or Chicago, but the cost of living in those places is so freakin' low that it's like living in a different country. $100K in H-Town is like making $250 in NYC.
They can't be that cheap.
  • How much does it cost to rent a two bedroom condo (say 1,500 SF or so) in a good location?
  • What about dinner at one of the 10 best restaurants in the city?
  • I'm assuming you'll need a car for these cities. Do cars costs that much less there?

These just cover rent/housing, entertainment and transportation. Where are the savings?

The cost of living in Houston is mad cheap. I have a friend who works at a PE firm specializing in O&G, he told me he has his own place, thats like 600 SF, and its in a nice area. He is paying like $900 a month. In addition, the cost of food is cheap as well. He did say you need a car, but the environment is much more relaxed and cheaper than NYC. Also they don't pay state tax in Texas so you get to keep more of your income.

 

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Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)

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