Pros and Cons of IB in LA, SF, Chicago, Houston?

Houston= Pro= Energy(if you like energy)

Con=Not the hottest sector right now

SF: great deal flow in tech and healthcare. people are nicer (subjective, but I think this is true) weather is amazing more responsibility as an analyst if you work in a smaller office that does its own execution

Chicago: Pro=like SF but better Con=biting cold

Houston is dirty cheap to live. SF is quite the opposite, but then again SF also has the mission.

Houston Pro: Energy and nat resources focus Houston Con: Not much else, southern city is ehhh Chicago Pro: If you like the city? Large city. Chicago Con: Not specialized in any group, no real focus aka Chicago's not known for any IBD groups to do well in LA Pro: Good amount of banks, celebrities sometimes, way hotter girls than any of the other cities (including nyc) LA Con: Killer hours reputation, lots of poor people/celebstalkers, lots of areas aren't as flashy as the TV/Movies area of Hollywood and Beverly Hills, Laguna Beach, etc. Also, being a banker isn't as cool as in other cities since a rich ass celeb is always > banker.

Favorite: SF SF Pro: Healthcare, Gaming, TMT (usually you should be in SF for this), and Sponsors/Lev Fin. Great people, culture, and best place for VC and probably 2nd best for PE along with LA. SF Con: Expensive, but grab some roommates and 1k can be fine. Gays... which can be pro or con since I get laid easier in SF than I did when I was working at GS in manhattan. Girls are hotter than nyc, but goes for cali in general (see LA)

There's a reason why most who go to the West Coast don't want to leave, it's a great region and basically Cali is a different country imo. Try SF and LA for size (I prefer SF for banking). I made the move there from NYC and I loved it.

@PowerMonkey, regarding LA, What do you mean by "you will never compete with industry types at clubs?"

Also, having been to SF I find the girls quite ugly here, much more than other places. Don't know much about LA

he means chicks would rather screw a casting director...

Lets hope its not too hard to find girls that dont necessarily fawn only for Industry Types

The Hills and Laguna Beach baby.

hollywood > finance in LA, you should know that

Go where you have friends etc... and where you like the work. Nothing sucks worse than pulling 100+ hours and then going back to spend the weekend by-yourself b/c your only friends are those form work.

Just saying.

Pro You have a Job Con You're in LA SF Chicago or Houston

SF is a really classy city.

LA has its pros and cons. But I really wouldn't recommend it to someone that does not have a group of friends here to get plugged in with. It will get lonely very very quickly.

pokersliar: I'm gonna guess you are joking because SF/LA are great places for banking and are no "less" than NYC. For example, where else would you go for TMT/Gaming besides SF and Energy for Houston?

And do you think Moelis and the old UBS LA were bad places as well? They probably were arguably #1 for exit ops into megafunds that beat out any NYC shop. I'm sure GS TMT doesn't mean anything to you but guess what, I know a lot of them in SF and they are doing fine, which is an understatement.

The bankers who try to come to the west coast even have a hard time as there are single digit spots open, whereas usually 90% of the spots are in NYC hq and even the most competitive east coast kids (aka wharton) have a hard time getting into the BB offices here.

PS: Esp when you said before "This is for almost ever BB TMT - go to SF / Menlo Nat Res - go to houston:"

SF's an awesome city. I really loved it last summer, but then again I had some friends there. The thing about SF, everyone's been right on this, nobody cares (relatively) what you do; which can be nice if you work at certain MM that gets made fun off often, cough Jaffray, and Mr. Goldman doesn't have a comparative advantage anymore w/ chicks. There's actually a lot of hot girls in Houston if you know where to go. Know nothing about Chicago (are there any girls there?). Fuck LA. Additionally, here's a glimpse into prospective bar chicks thoughts when you drop:

You:"Yeah, I'm in finance..." Chick:"Oh cool, I took micro in school, what in finance?" You:(Proudly, chest slightly puffed)"Investment banking," Thinking to self- (NYC)Chick: If I get talked into another Citi sympathy fuck I'm going to hang myself. (Houston)Chick: ...DING, that'll work, easily get 6 carats outta this one, hope he likes Lubbock! (Chicago)Chick: Doesn't this idiot know my husband's on of his analysts? (LA)Chick: Shit, I'm killing Taryn, she knew this wasn't Wilmer Valderrama. (SF)Chick: Oh my god, Thomas Pink? Give me a break. Oh well, haven't been laid in two days.

I agree, SF is probably best place on west coast for banking, and especially TMT and VC's. There's a reason why BB's like BoA, Citi, WF, CS, UBS, etc. have offices in SF and LA.

Why do people keep saying houston chicks are hot by the way?

Any location is better than HK or London

Houston girls are textbook southern girls. They take care of themselves and tend to be nicer/more feminine than girls from the north. Also, making $120K in Houston (especially out of undergrad) goes a long way so that always helps.

i think sf is very flirty, which is cute. if you want to get laid, from easiest to hardest for guys would be sf>nyc>chicago

The main characteristics of these cities are fairly self-evident.

SF: quirky, liberal, berkeley, pseudo-intellectual, hipster, treehugger, etc. CHI: big ten, sports fanatics, throwback to blue collar culture, all girls looks the same (jennifer aniston wannabe) LA: flashy, attention-whores, everyone has a nice car, nice weather, ethnic diversity, subtle racial tension HOUS: ten gallon hats

It's tough to say that one is better than the other, each one has its unique aspects that will appeal to certain people.

We're talking about banking, not some laymen tourist's guide to the city kinda thing. Previous posts already labeled where you should be for certain groups and exit ops. That's about it.

Characteristics of the city are relevant, because firm cultures are heavily influenced by their surroundings. But don't worry, I don't think you're a greenpeace girly-boy just because you're from SF.

Any thoughts on doing i-banking in a Boston office?

Macro: If you went through my history you would know that I started off with PWM at GS and I've experienced a lot of the cities to compare with.

All you've done is state highly prejudiced one sentence stereotypes. You basically just kept writing synonyms over and over without adding anything new, and certain things don't even make sense such as "berkeley" and "ten gallon hats". Is that supposed to be relevant to banking somehow or mean something?

Furthermore, I was born in NYC and had a great time at GS at 1 NY plaza and I vote Republican, so suck it. Firm cultures are more influenced by the firm. GS TMT and Moelis is no less brutal in SF/LA (in fact NYC looks "laid back" comparatively) and Barclays in NYC is still pretty chillax compared to other peers.

NYC is tops for networking. Chicago is a great city that isn't as expensive.

No matter what you chose those cities are large enough to find your own niche. I would chose the office that you got along with the people the best considering those will be your primary social contact.

Haha I was assuming the tongue-in-cheek nature of my post was rather obvious but it looks like you are mighty serious about this whole city business.