If you are going to be working in an office in a location other then where the summer training will take place, will the firm pay for you to stay in corporate housing while you are training or are you on your own to find a place for a couple of months. I.E. you are going to work in San Francisco, but all of the new analyst class will be doing their training in New York
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They put you up in a hotel (I assume you are talking about SAs).
If you are a full-time in a regional office doing your trianing in NY, they will either put you up in a hotel or in corporate housing. The guys I've known who did it had awesome housing. A few guys had a penthouse in a luxury building completely paid for by the firm. Plus, since you are at training in a city other than your own they give you meal allowances.
BB NYC training/housing (Originally Posted: 03/16/2010)
For S&T/IB training this summer. Do the firms provide housing for the 5 week training program (even if you are at the NYC office).
(I presume they do for those who are at a regional office but must be in NYC for training. )
im just trying to determine if i need to find my own housing as soon as i arrive for the first day in July...or if they provide housing for training (giving me a 1 month cushion)
The BB I work for did not provide housing for NYC based analysts. I would get a month-to-month sublet and then pick an apartment during training. You'll get a much better idea of the area you want to live in once you're living here.
I can say for certain that Credit Suisse and Morgan Stanley are providing housing during training (even for their NYC analysts) in S&T this year.
CD~
Do you know if MS provides housing during training for their IBD Analyst as well?
If anyone needs ST housing for 4-5 weeks sometime this summer, let me know and I may be able to help out. Most firms will put you up if you are only in NY for training though.
Housing during training for non-NYC analysts (Originally Posted: 03/11/2007)
I hear they put you up in an apartment/corporate housing for most of the BBs. Does anyone know what kind of place they provide for you? Are you allowed to have visitors over (family/friends)? Any information would be appreciated.
You usually find you're own housing, but they give you money for it. Not that you'll have time to have people visit you, I don't see why you couldn't.
Everyone I know for non-NYC was put up in housing, not had to find their own. And you can have visitors. It is basically corporate apartments...
NYC Housing During Training for Regional Analysts (Originally Posted: 02/05/2009)
I am going to begin working in a regional office this summer; I have a month or two of training in NYC before I start. What do analysts in my situation do for housing during training in NY?
Thanks in advance.
Where are you working?
Umm call and ask? I'm sure you're not the first person in your firm to have to go through this..
In the same boat. My bank is covering the travel expenses at the beginning and end of training as well as taking care of housing arrangements for the 7/8 weeks.
Pretty standard for the bank to take care of that for you.
Great to know! Thanks!
Housing - training and working in different cities (Originally Posted: 01/24/2010)
While it seems like it should be pretty simple, what do 1st years working in regional offices (LA, SF, Chicago, etc.) usually do about finding an apt if your bank has firmwide training in New York? Let's say both with and without a roommate. Does it make more sense to find the place in April-June and then sit on it/hopefully start the lease in August, or just find a place once you get out there?
Thanks!
^go stay with your mommy
what a dumb ass question
Usually they pay for a hotel for you to stay in.
slammaster - nah, I'll stay with yours.
DontMakeMe - Thanks, I know they pay for the hotel in New York - I was more asking about finding a place in the other city.
bump
Training Housing (Originally Posted: 05/06/2007)
How's the housing for non-NYC based analysts during training? Is it NYC shithole apartments, or are they decent apartment complexes? If you have the names of some of the buildings, that'd be helpful. What is usually the farthest they put you away from your office?
Thanks, any info would be helpful.
I've searched but the only other thread didn't have much info.
I'm pretty sure you get put up in a nice hotel.
Sorry, I should have clarified. This is for full-time training, not summer training.
i know they put the foreign kids up in a hotel for nyc training for FT
Thanks, but I'm not interested in foreign students, just kids in regional offices.
It's not bad. Not the Four Seasons, but not Motel 8 either. Last year I went to a number of people's corp housing for full-time hires in regional offices. Had buddies at UBS, Barcap, and Goldman and they were all pretty decent, mid-range hotel rooms, but they were in corporate buildings, not actual hotels. I will say they were not as nice as corporate apts I saw in London, though.
Housing Arrangements for FT Training (Originally Posted: 03/04/2008)
I'm at a regional and will be training in NY for 6 weeks. How does housing for this period usually work? My company says they will contact me in the spring about it, but is housing paid for, or will I have to finance it?
Typically they put you up in corporate housing with the bank paying for it. Which is really nice because that is almost two months of rent you don't have to pay for while you are getting paid your normal salary and if you are really lucky you will get a per diem to pay for food, transportation, etc...
Above poster is correct, they'll usually put you up free of charge. Surprisingly, some banks will skip the corporate housing and put you up in a nice hotel for the 6 weeks. That being said, many banks have shifted training to NJ because NY training simply became too expensive.
Would be nice to stay in a 5 star hotel for a few weeks...
They're not going to put you up at the Mandarin Oriental.
But those that use hotels use decent business class hotels.
Also, you will likely need to pay rent in your regional. Your training will likely finish on Friday and you will start in your office on Monday. Unless you plan on moving that weekend, you'll need to pay rent while you're not in your apartment.
sweet. i am, for lack of a better word, stoked.
How about analysts based out of NYC? Will they be put into corporate housing/hotel for 6 weeks training as well?
Nope, not at most banks. You're paying rent for those 6 weeks.
Ok that's an exaggeration. But it was really nice to get to stay in a decent hotel for over a month and not really have close to a substantial workload.
Analysts in NYC usually have to pay their own rent and find an apartment for the duration of training, obviously not a great deal for them but probably better to spend the time upfront finding an apartment rather than later on when you actually get busy.
You guys should really savor training, probably won't have that much fun again until you finish up and take another extended vacation before your next job...
Um... Training starts early July and I am based out of NYC. I probably need to start calling those agents from June. Is it a good idea to live in a studio nearby the office in midtown east? I've no idea how it's like to hunt for apt in NYC. Maybe it's too unrealistic to just walk around 49th/5th and search for "for rent"...
Looking forward to more topics about housing =)
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