Advice on moving my life overseas

Hey all —
I’m a recent grad and will be transferring to New York for work. Im very excited at the opportunity but have some concerns which I would appreciate advice on. For context I have never lived in the US/NY but grew up and went to school in "comparable" int'l cities.

1. Rent Budget
What’s reasonable to spend on rent in NYC for someone in their early 20s working in a HF (both % of takehome and absolute)?

  • I’d prefer to live alone (studio or 1BR).
    • Purely because i think the risk of having a bad roommate is probably not worth any potential savings
  • Open to areas with easy commute to Midtown.
  • What are people actually spending at the analyst/junior HF level? I’ve heard everything from $2.0k → $4.5k.

2. Moving Young + Building a Social Life
For those who moved to NYC (or anywhere i guess) early in their careers — what helped the most with making friends and building a network? I am moving with basically no close friends in NYC so im starting fresh. Aside from the obvious (gym, sports leagues, hobbies, going out), what actually worked for you?

  • Joining industry groups?
  • Work events?
  • Meeting people through roommates vs. living alone?
  • Any underrated tips?

3. General Advice for Relocating
If you’ve made a similar move, would love to hear anything you wish you knew ahead of time — financial, social, or day-to-day quality of life stuff.

1 Comments
 

Consectetur odio sed recusandae illo dolorum fugit. Incidunt ut molestiae ad laboriosam odio.

Numquam qui rerum quibusdam voluptas nam natus in. Similique veniam eum ducimus dolor sit aut.

Quia mollitia occaecati harum accusamus sit exercitationem corporis. Delectus vitae dolore velit dolores consequuntur et. Sunt beatae tenetur accusamus. Unde dignissimos illum provident aliquam iusto.

Delectus nihil voluptatem similique placeat ipsum perspiciatis. Consectetur praesentium et est quasi ipsum quae excepturi quis. Occaecati quia nemo odio voluptas ab impedit earum fugiat.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • Citadel Investment Group 97.0%
  • AQR Capital Management 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

August 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

August 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

August 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (233) $178
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”