How much less competitive are LA/Chicago job markets than NYC?
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I didn't mean for it to come off in a condescending way like that. I know Chicago and Los Angeles are very vibrant cities with extremely bright populations and most people in corporate positions are very well educated, I was just saying that Boston in particular has a reputation for having a ridiculously educated population. They are consistently ranked as one of the top 10 cities in terms of people with college degrees ahead of NYC/Chicago/LA. I would personally rather live in Chicago/LA than Boston. I just figured that that, combined with Boston's small population would make it especially competitive to get a job there. I wasn't knocking Chicago/LA but simply noting the extremely high ratio of people with degrees in Boston. And NYC is the economic capital of the Western World, it's always going to be the most competitive city to get a job in the U.S.
https://wallethub.com/edu/most-and-least-educated-cities/6656/ (Boston is number 6) http://www.forbes.com/pictures/fjle45mflk/no-7-most-educated-city-/ (Boston is number 7) https://www.washingtonpost.com/news/answer-sheet/wp/2016/01/20/most-edu… (Boston is number 4)
At an Analyst level? No. The job market for Analyst roles are competitive all around.
It is not about looking at one market vs. the other; it is about catching a wide nest - look at ALL major metros and see what you land within a few months. Then decide. I would include SF, Boston, DC, SoFlo, Dallas, and Atlanta.
There are great opportunities in all of the markets I listed - and yes, they are all competitive. The wider you broaden your search, the more opportunities you will find and hopefully land.
Okay thanks. Are you just talking about Acquisitions/Capital Markets analysts or any kind of analyst? I'm specifically talking about appraisal analysts. I've pretty much given up on the other two as my first job.
It varies. I might get some objection on this website for saying this, but here's how I would rank desirability/difficulty of the different major analyst roles: 1) Acquisitions / Development 2) Investment Sales (only considering it is for a major broker in a very lean team) 3) Loan Underwriting (big exception if it is for a fund that invests in distressed debt, or originates bridge for opp. 4) returns - those are just as difficult as acquisitions roles to obtain) 4) Asset Management 5) Appraisal 6) portfolio management (I am sure this role varies firm-to-firm, but my experience has been this is mainly a glorified name for FP&A which is not the most exciting work)
This is not saying necessarily saying any of these roles are superior to one another, but it is just my ranking of the difficulty in obtaining these roles.
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