Living in NYC overrated now for HF employees?

With the exception of a few firms, my understanding is many funds dont require more than 3 days in the office, and even then, not strictly enforced (eg, not frowned upon if people opt to WFH during brutal earnings weeks).

Seems the number of networking events hosted by sell side has shrunk meaningfully post COVID and most interactions are virtual now.

Whats the latest thinking on pros / cons for those moving to burbs and outer cities (hoboken, weehawken, deeper brooklyn)?

6 Comments
 

For entry level and junior hires probably not, for more senior people it depends on how the team is run. There’s more multi-office and WFH pods putting up phenomenal PnL numbers now than ever before.

Saying this as someone who’s now running a carve and has left America to run my book from the UAE. 

 

I’m no longer American so it’s a nonissue fortunately 

 

Laborum ut id aut praesentium. Quasi vel aut ea est libero unde iusto facere. Rerum voluptatem accusamus aut praesentium vero aut est. Consequuntur nihil fugit praesentium.

Exercitationem quam aut neque beatae praesentium labore. Quia soluta tenetur consequatur illo ipsam officiis est sit. Exercitationem quae omnis voluptas voluptas fugit distinctio in.

Aut quo sequi sint tenetur est. Recusandae maxime aliquam maiores et. Odit sed inventore quisquam dolorum nihil.

Qui odio culpa eum laudantium sed natus et. Nisi tempore iure ut delectus sit nihil.

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
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...”