Better FO in poor location than BO in NY?

Recently I've read that is better FO position in Madagascar than BO position in NY. What's your thoughts? Never had experience in FO/BO positions so idk.

19 Comments
 

Personally, I'd prefer BO in NY over FO in a location no one's heard of, since there are so many opportunities to meet people and network in the city. But, I also heard it's really hard to lateral from BO to FO and the salary for BO in NY prob. will just be barely enough to cover living expenses.

 

Assuming you don't have family ties that force you to only consider one region...

If you can integrate into the culture and really understand it/network, there's a literal ton of money to be made in emerging markets, and I could envision spinning the experience as giving you insight into the unique opportunities and perspectives you learned during your time banking in Madagascar when you presumably attempt to move internally to a NY FO position (provided this isn't some no-name Madagascar-only regional bank, in which case it would be much harder to do).

I'd always take useful experience anywhere over useless experience anywhere.

 

If it's a reputable firm then FO, who gives a fuck where it is, but if we are comparing a local no-name FO with Goldman's BO in NY then BO is better imo

 

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