Cold feet right before joining Tier-2 office
I accepted a full-time offer at a MM at the start of my senior year. I had a few interviews lined up but the people in this one team were amazing and while I was interviewing I didn't want to screw the pooch so I took it as soon as it came through (I got the FT offer without having done SA). Now I'm a month out from starting and I'm beginning to have cold feet. Not because I don't like banking or the bank I'm joining - just the city that my team is in isn't NYC or SF. I feel like I'm underselling myself and there's a lot of potential I'm missing out on by doing this. I guess just being in NYC or SF allows me to cultivate or lay the foundations for a broader set of relationships I can tap into later on - accounting for the 100 hr weeks I'll have.
I know that there are preconceived notions about people that work in banking surrounding their attitudes and, let's just call it, self-confidence. I don't want to write a whole spiel about why "I'm special" and why "I'M getting the short end of the stick because I'm so overqualified and fantastic". I put myself in this position and over the long term I genuinely believe I will maneuver my way to where I want/need to be. I just don't want the trend to be AN1 - AN2 - time flies by because of the overload of work - holy fuck I spent too long at this office and I'm still here in this city.
But for now, I want to know what is the best route I should take. Options are:
1 - Suck it up and work my ass off. CLT, HOU, BOS aren't terrible, I might even enjoy the shift in culture from what I'm currently used to.
2 - Work for a few months to a year, then try getting a transfer to an office I want (Not sure how this goes esp for year 1 analysts)
3 - Let my team know I'm feeling this way. (And jeopardize the relationship before it's even begun? Fuck I'm not THAT weak)
I'd love some wisdom from the monkeys.
What kind of MM are you joining? If it’s a place like WB or HL, know internal mobility is pretty good and plenty of people move offices (typically need to do a year first to get seniors to vouch for you, then it’s easy). If it’s a reputable MM as well, easy enough to lateral to a BB or EB in NYC.
At this point, you’re best option is to just go in with an open mind and give it a shot. Banking is banking anywhere, and you’ll have a ton of doors open pretty quickly if you decide you don’t like the bank or the city
I'll be joining JEF. Thanks for your advice. Definitely makes a lot of sense and probably the sanest way to go about things.
JEF is great an arguably not an MM - basically competitive with BBs at this point. You’ll have tons of lateral opportunities and exit opps available in a year if you so desire
Why're u dissing houston like that
NYC is getting very expensive for a first year. Take advantage of the LCOL for a few years and then when you have a better salary transition to NYC.
SF blows. Just crank for a year in your current seat then lateral or transfer to NY if you still feel like the gig is right for you. You’ll be so slammed as a first year analyst (let alone one who is trying to either recruit or build up the cache to ask for a transfer) that your city won’t matter a ton.
Working in a regional office investment bank is literally the dream, especially if you're not in a VHCOL city like SF/LA. Go live like a king.
I did this and it’s been fine - I’m not going to lie and say I love it but life’s good and I can’t complain. I hope to move internally within the next year and continue to work with the same office because I like my team a lot but just wish I was back home in NYC with my friends. Just focus on doing well when you start because regional offices have a harder time getting and then retaining talent. if you are the top analyst you can pretty much do what you want, or that’s at least my situation.
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