Question re: FT relocation & housing
IB
Tags:
(Senior Baboon, 180
Points)
on 12/5/09 at 4:38pm
For those who have gone through the process of relocating to start at a BB in NY, do you know what the procedure is for relocation and housing?
Specifically, will the bank pay for your air fare (as they do for SA relocation), and will it provide accommodation during training even if you'll be working in the NY office?
I've heard conflicting information on both subjects so I was hoping to get some definitive answers from someone who has gone through this. If it matters, this is an American BB based in NY.
Thanks in advance!





The general rule of thumb is
The general rule of thumb is that the company will tell you in your offer letter exactly what is included. Some will pay you a straight up signing or relocation bonus and you will be on your own to pay for all relocation. Others will state that you are allowed two house-hunting flights, the ability to hire a moving company to move personal materials and a vehicle, etc. Some give you nothing.
Basically, you should re-read your offer letter as the information is most likely contained in it. If it isn't, I suggest you simply pick up the phone and call Human Resources. That's what they are there for.
CompBanker