• Sharebar

Top-down and sun-soaked, we hit highway 1 - the butterflies are stirring. They always are. It's Malibu to San Fran, girls in the back, and deep-down, we know we're beating the world - no one's living better than us.

A week later I'm back on the East Coast. It's nothing to cry about - the city's got its usual swagger - but it has me thinking, are they really living better than us on the West Coast? The girls, the food, the sun - it's hard not to get lost in nostalgia.

But is life too easy? There's a certain charm about catching an early morning subway from Brooklyn to mid-town, coffee in-hand. The nights in East Village. The chicken and waffles.

Does anyone in finance regret moving to California? Beyond all its beauty, do the people seem unmotivated and a bit too chilled to take seriously?

And do you find your priorities have shifted from traditional consulting and finance jobs to all-things entrepreneurial?

...so close to that one-way right now

The WSO Advantage - Land Your Dream Job

Financial Modeling Training

IB Templates, M&A, LBO, Valuation + Learn More.

Wall St. Interview Secrets Revealed Here

30,000+ sold & REAL questions Learn More.

Find Your Mentor

Realistic Mock Interviews. Learn More.

Comments (31)

  • bankerella's picture

    Tommy Too-toned:
    Top-down and sun-soaked, we hit highway 1 - the butterflies are stirring. They always are. It's Malibu to San Fran, girls in the back, and deep-down, we know we're beating the world - no one's living better than us.

    A week later I'm back on the East Coast. It's nothing to cry about - the city's got its usual swagger - but it has me thinking, are they really living better than us on the West Coast? The girls, the food, the sun - it's hard not to get lost in nostalgia.

    But is life too easy? There's a certain charm about catching an early morning subway from Brooklyn to mid-town, coffee in-hand. The nights in East Village. The chicken and waffles.

    Does anyone in finance regret moving to California? Beyond all its beauty, do the people seem unmotivated and a bit too chilled to take seriously?

    And do you find your priorities have shifted from traditional consulting and finance jobs to all-things entrepreneurial?

    ...so close to that one-way right now

    Take the dive, man. The water is warm and the sky is blue.

    Fuck the early morning subway; let's talk about that early morning drive down into the valley from a glass-walled retreat in the Santa Clara mountains, top down. Or on two wheels if that's your bag.

    Let's talk about 70 degrees every fucking day. Except January, then you're looking at more like 60.

    Chicken and waffles? Sure. But do you know what they do with salt and pork in San Francisco these days? Or better, ever tasted an ice-cold briny oyster plucked out of the Pacific no more than two hours previously? The beautiful beer. The wine. And, of course, the most vibrant distillation culture in the country.

    But most importantly, anybody who is anybody wears jeans. Outside of sales and certain types of client services, nothing says "I have no fucking clue what I'm doing" more than showing up to a meeting in an expensive suit and tie.

    However, you'd better land a sweet gig before you hop on the plane. Rent is equivalent to Manhattan, and yes, you really do need a car.

  • Blalock's picture

    wat a dum questin, nooooooooooooooooo no no NO. u r a invetment banker, ur job is to be most prestigus as possible at all times, and new york ciety is way more prestigus than california. more prestigus = more world power = ilumenati = models bottels

    do U think bankers in california get models bottels ? HA no. they get trailer homes and no prestege or world power

  • In reply to Blalock
    Cookies With Milken's picture

    Blalock:
    wat a dum questin, nooooooooooooooooo no no NO. u r a invetment banker, ur job is to be most prestigus as possible at all times, and new york ciety is way more prestigus than california. more prestigus = more world power = ilumenati = models bottels

    do U think bankers in california get models bottels ? HA no. they get trailer homes and no prestege or world power

    I respect the troll.

    +1 SB

  • seabird's picture

    Everyone should spend some time in California, but remember to leave before they get too soft.

    "...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

    - Schopenhauer

  • dogboo's picture

    Yup. Plus the most beautiful women in the world are in SoCal. Im not tallking fake like LA either, head down to La Jolla or Laguna Beach or Newport Beach.

    Best Mexi food in the US, best weather hands down, no humidity.

  • Cookies With Milken's picture

    I have a soft spot for cali girls. Always have. Born and raised on east coast but there is something about their care free attitude that drives me nuts. Also, perpetual beach season = babes always in shape.

  • West Coast rainmaker's picture

    The weather in CA can't be beat. I don't even care about the beach. SF is fine. Just give me warm weather, no snow, and low humidity.

    Professionally, I have become more reluctant to move back due to the state's economic future. The nearly unparalleled fiscal dysfunction makes me wary. I'm not sure what effect that will eventually have on financial services...banks would have little reason to be there if they eventually kill the golden goose that is Silicon Valley.

The WSO Advantage - Land Your Dream Job

Financial Modeling Training

IB Templates, M&A, LBO, Valuation + Learn More.

Wall St. Interview Secrets Revealed Here

30,000+ sold & REAL questions Learn More.

Find Your Mentor

Realistic Mock Interviews. Learn More.

  • idrankmalk's picture

    i'll probably be moving out there after i finish school.

    from what i hear, the lifestyle does seem better although the douchiness in and around LA can be unbearable.

  • SF_Reg's picture

    Made the move from NY to SF. Enjoying every minute of it

  • Nobama88's picture

    California definitely has its perks, but let me give you a couple cons of California from what I have seen:

    You won't be 'cruising' anywhere, you will be sitting in a parking lot for an hour while making the 5 mile commute to your office and back home. Traffic has gotten substantially worse in the last decade. We keep building up, but never widen any of our streets.

    Douche bag trust fund babies. Everywhere. You will see plenty of 20 somethings driving in $70K+ cars, and you will eventually find out they are virtually all trust fund babies and dont work.

    California's fiscal situation - 3 bankrupt cities in the last 3 months. LA is looking to be bankrupt next year. Highest taxes in the good ole USA. Expect 50% of your income to go toward taxes if you are a high earner. And taxes will continue to rise on the top earners. There is virtually zero resistance to anything the Democratic legislation puts out there.

    Consistently ranked as the worst state to do business in.

    35% of the nation's people living on welfare live in California.

    Worst public school systems in the USA. Your kids WILL be going to a private school. Expect to dish out a couple thousand for grade school and $15K a year+ for private high school.

    Unsustainable housing prices. Average West LA income is like $60K. Average West LA home price is ~$700K. The fuck?

    Cities giving amnesty to illegals will continue to not help our fiscal situation and public school system. I went to an attraction in the city last weekend with some friends, literally no one spoke English. And I don't mean they were just talking to one another and using English with others. They really just didn't know the language at all. I dont mean that as a racist comment. I think it just tells you where the state is headed. There is some serious trouble ahead due to a very large, uneducated workforce.

    $500 Billion in unfunded pension liabilities. Workers taking upwards of 2 different pensions and another job before they reach the age of 65. $20B deficit. Yet, we approved a $65BN train to nowhere last month. No one gives a flying fuck though that we are fiscally headed toward distater. We are more focused on if the reason why JC Penny moved its store out of a Latino area was because they were racist or not (true story).

    In the end though, you can't buy weather. That is the ultimate reason why people flock here. If there were season changes, there would be zero reason to live here.

  • gordo's picture

    cali is where its at bro. the girls are on a whole new level

  • R0bin's picture

    Chi-town is still the best. White trash from Indiana + Hipster Culture in Chicago = Ultimate Sluts

    Baby you're the perfect shape, baby you're the perfect weight. Treat me like my birthday, I want it this way and I want it that way. It makes a man feel good baby.

  • 帝都大蜜's picture

    No way Chicago chicks can compare to LA chicks. Not on the same level. Also, don't hate on trust fund babies simply because you are not one of them.

    "I already know I'm going to Hell. So, at this point it's go big or go home"

  • In reply to Nobama88
    gstackle32's picture

    Nobama88:
    California definitely has its perks, but let me give you a couple cons of California from what I have seen:

    You won't be 'cruising' anywhere, you will be sitting in a parking lot for an hour while making the 5 mile commute to your office and back home. Traffic has gotten substantially worse in the last decade. We keep building up, but never widen any of our streets.

    Douche bag trust fund babies. Everywhere. You will see plenty of 20 somethings driving in $70K+ cars, and you will eventually find out they are virtually all trust fund babies and dont work.

    California's fiscal situation - 3 bankrupt cities in the last 3 months. LA is looking to be bankrupt next year. Highest taxes in the good ole USA. Expect 50% of your income to go toward taxes if you are a high earner. And taxes will continue to rise on the top earners. There is virtually zero resistance to anything the Democratic legislation puts out there.

    Consistently ranked as the worst state to do business in.

    35% of the nation's people living on welfare live in California.

    Worst public school systems in the USA. Your kids WILL be going to a private school. Expect to dish out a couple thousand for grade school and $15K a year+ for private high school.

    Unsustainable housing prices. Average West LA income is like $60K. Average West LA home price is ~$700K. The fuck?

    Cities giving amnesty to illegals will continue to not help our fiscal situation and public school system. I went to an attraction in the city last weekend with some friends, literally no one spoke English. And I don't mean they were just talking to one another and using English with others. They really just didn't know the language at all. I dont mean that as a racist comment. I think it just tells you where the state is headed. There is some serious trouble ahead due to a very large, uneducated workforce.

    $500 Billion in unfunded pension liabilities. Workers taking upwards of 2 different pensions and another job before they reach the age of 65. $20B deficit. Yet, we approved a $65BN train to nowhere last month. No one gives a flying fuck though that we are fiscally headed toward distater. We are more focused on if the reason why JC Penny moved its store out of a Latino area was because they were racist or not (true story).

    In the end though, you can't buy weather. That is the ultimate reason why people flock here. If there were season changes, there would be zero reason to live here.

    This this this this

  • 3176401's picture

    Fuck SoCal, South Florida is where it's at. No state/income taxes, amazing nightlife, beautiful women, warm weather, and a great economy (thanks to the Latin Americans).

  • _bird_'s picture

    I moved to socal from the east coast a few years ago and it beats the east coast in almost all categories. it's not even close. arguments against california citing political and economic issues should largely be irrelevant to a young, single, fully employed person with no near term intentions of having kids or buying a home. frankly, who needs either until you are into your 30s. if you start hitting the age where you want to be doing those things, then pick up and move. there is now way you will leave regretting that your have moved there in the first place. i wake up, go to work, and do anything and everything during my free time. I could give a F if the state's pension system is underfunded.

    and one thing about the traffic. if you live and work within LA, including downtown, mid-city, brentwood, westwood, century city, santa monica, venice, and even marina del rey, your commute to work in almost all cases will be fine. i have a 20-25 minute drive to work using surface streets. the people who sit in soul crashing traffic are the ones driving into LA from the valley, inland empire, and orange county.

  • In reply to _bird_
    Nobama88's picture

    _bird_:
    I moved to socal from the east coast a few years ago and it beats the east coast in almost all categories. it's not even close. arguments against california citing political and economic issues should largely be irrelevant to a young, single, fully employed person with no near term intentions of having kids or buying a home. frankly, who needs either until you are into your 30s. if you start hitting the age where you want to be doing those things, then pick up and move. there is now way you will leave regretting that your have moved there in the first place. i wake up, go to work, and do anything and everything during my free time. I could give a F if the state's pension system is underfunded.

    This is true, and I meant to say this as well. Most likely the cons I pointed out won't affect many on here until you are in your 30s with kids. But we will all be in our 30s one day and most of us with kids. I know a lot of people are trying to make a decision on where to go for their careers, long term. If long term is the case, then you do need to worry about what I typed above. It will hit all Californians one day, especially those in the private sector making money. If you are looking for something short term, while you are single and in your 20s then yeah move out to LA and enjoy it.

  • ImGonnaFundYouSoHard's picture

    Anybody who has lived in Cali has a hard time leaving. Why would you leave heaven on earth only to go to the sh*tty east coast

  • GS's picture

    What was that saying... If the pilgrims had landed on the West Coast, the East would still be wilderness.

  • mindovermonkeys's picture

    To be honest I've never wanted to live in California until I read this thread. I always thought I wouldn't like to live there because of the more laid back attitude and liberal viewpoints on most matters.

    I still would not want to live there permanently but now I am thinking about trying it in the future. Best parts of CA? Has anyone done a couple years in SF doing PE and then moved back to the east coast?

  • In reply to mindovermonkeys
    idkmybffjill's picture

    mindovermonkeys:
    Best parts of CA?

    -San Diego/La Jolla
    - Laguna Beach
    - Dana Point
    - Coto de Caza

  • In reply to idkmybffjill
    West Coast rainmaker's picture

    idkmybffjill:
    mindovermonkeys:
    Best parts of CA?

    -San Diego/La Jolla
    - Laguna Beach
    - Dana Point
    - Coto de Caza

    I'll add: Orange County, Santa Barbara / Montecito, San Francisco.

  • WaitForSlutSet's picture

    To unlock this content for free, please login / register below.

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!
  • Nobama88's picture