Speaking with a couple of Greenwich based funds currently but one of the biggest issues is the reverse commute. How bad is it? Seems like quality of life is meh if you factor in 12+ hour days.
Also which funds typically shuttle folks to and from Grand Central? Heard Point72 has shuttle buses and SVP lets you expense the cab ride to the CT office (all from Grand Central)
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Legit question - why do many of these funds stay in CT when a lot of their employees are in NYC? Wouldn’t it make more sense to create a satellite office in the city instead, to save commute time for all, as well as increase the pool of talent they can hire from?
because the junior folks live in nyc. The senior folks live in ct.
also, lower taxes.
It's cute he had to ask.
Wouldn’t sat Office have increased taxes
One year in update — the reverse commute sucksssss
Just curious why don’t you live in CT? Do you want nyc for the social scene?
Because it’s nyc man…
Where do you live in the city? I lived in CT for a while and would think that driving or shuttle is the best way to do it. If you're taking MNR daily in reverse then yeah that's fuckin terrible.
I work 13-14 hour days and don’t trust myself driving the leg back from Greenwich at night. Pretty shot when leaving the office
Well the regular (non-reverse) commute takes exactly as long as the reverse commute that you're doing, but like 30-40% of the adults in Greenwich do that everyday and don't seem to mind that much.
Though I guess the difference is whether you're senior enough to feel you can leave at a regular hour vs if you're young enough you feel you have to work crazy hours to prove yourself.
Ya, I hear you, in my previous role in NYC, the folks that lived in CT dipped at 4PM. Still young and my fund has a big face time culture and the seniors work very late.
Is this something that would make you want to lateral? I was strongly considering a fund in Greenwich but ended up not getting an offer. Reverse commute made me very nervous about potentially working there tbh
In my fund (and reflective of most funds in CT), the juniors live in NYC and the seniors live in CT. And a lot of the juniors are looking to lateraling - there are a lot of funds in NYC fwiw. I think it's in consideration because I pull 13-14+ hour days (along with the other juniors) so the commute back is draining and then waking up early to catch the MNR and u rinse and repeat - I also work on the MNR. Depending on where you live in the city, you can easily tack on 20-25 min of commuting time to get to GC. I thought I could leave at like 5PM ET and log back on at night, but that is def not an option at my fund. The seniors work late but their commute home is 10 min by car. I am sure its varied by funds btw and can only speak to my fund, which is a large well known fund that comes up a lot in this forum.
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