I want to try and get some current/past analysts' input on this situation. Say you have 2 offers and are trying to determine which option to choose. One offer would be in NYC and the other offer would be Middle Atlantic (think PA down to NC)
NYC; non-elite boutique (merchant bank):
-NYC is ideal location for finance
-more fun, nightlife, things to do
-friends that would be willing to room with
-know one of the associates
-solid deal flow
Mid Atlantic; MM focus:
-more reputable firm
-cheaper CoL
-perhaps more exposure to larger deals
-met with people at the firm, great culture
-more direct "banking" work
-easier to advance career?
Just wanted to see how those factors would weigh on your mind when making the decision. If anyone can just shed some light on the pros and cons of NYC vs Mid Atlantic I would really appreciate it.
Thanks!
I'd say NYC if it's an elite boutique. Tough if it's Jefferies in Charlotte.
Charlotte isn't really Mid-Atlantic. It's more Southeast.
OP, it really depends on your goals. If you think a lateral to a better bank may be in your future, go to NYC.
I'd go NYC as well, personally I think that location is really important...
I've thought about this a lot as well. I've really enjoyed my previous interactions with HW bankers (Richmond, VA HQ), and have wondered in my head if I'd take an offer to work with their firm over an offer to work at a mid-tier firm in NYC.
You're the only one that can answer this because it really comes down to how much you value living in NYC.
If it is a non-elite boutique based in NYC vs., say, Harris Williams, then HW is the clearly the better choice. However, if you really want to live in NYC, both now and in the future, then go to NYC.
I can't comment on the opportunities themselves, but living in NY sucks. I've been living in NY metro for a while now and the cost of living is terrible, the weather is terrible, the people are strange (although there are plenty of good ones too), and almost everybody is basically a money whore. If you live here too long, it becomes more difficult to leave over time because that is where you have developed your professional network.
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