I know this is probably a stupid question, but I'm going to be interning at a boutique bank in Boston next summer doing M&A (currently doing S&T in NYC), and some of my mentors have said things along the lines of "congrats on getting your foot in the door of Wall St".
Put simply, if you work in IB, are you considered as being a part of "Wall Street" as referred to in conversation or by the press, or do you really have to be at a bank located in NYC to be considered as being on Wall St?
It's not an important question and doesn't really matter, I just want to make sure I'm speaking accurately and don't sound like an idiot.
Literally not a single major bank is physically located on wall street except DB and I think they moved if im not mistaken. "wall st" is a cringe, and all encompassing term.
how is it cringe
Read last sentence of below comment.
Yeah basically. The physical location is longer what it used to be. All major banks moved further uptown.
Eh GS is close enough imo.
I know a guy who works in Midtown but lives on literal Wall Street
Depends on the context of the conversation. For instance, when investors discuss "Wall Street Consensus Estimates", they will include the estimates of firms like Piper/Baird/Blair/etc. On the other hand, when the press discusses "Wall Street Culture", they’re generally talking about the firms in New York. Also, some firms take pride in not being in NYC and avoiding "Wall Street Group Think". Those firms generally don’t like being tagged with the Wall Street label. Regardless, you sound like a dweeb by telling people you "work on Wall Street".
Okay thanks guys that’s helpful, appreciate it
Okay thanks guys that’s helpful, appreciate it
what should you say if someone asks if you work on Wall Street and you work in Boston?
"I work at ____ investment bank in Boston" that simple. They won’t press you on whether or not that’s part of "Wall Street". People in finance don’t need you to explain the distinction to them. People not in finance don’t care.
Look up what a metonym is - https://en.m.wikipedia.org/wiki/List_of_metonyms
Quasi non molestias eius quo et. Sunt reprehenderit rerum rerum delectus sed sit aliquam. Optio consequuntur et doloremque. Voluptate et dolore odit fuga laboriosam.
Impedit quo deserunt cupiditate pariatur doloribus. Voluptas magnam dolore voluptas. Minima corporis accusantium saepe recusandae.
Est consequatur rerum dolorum et et. Debitis temporibus officiis omnis aut et. Nesciunt ducimus quis accusamus occaecati perspiciatis cum repellendus ut. Aut nam id provident autem. Consectetur expedita est temporibus expedita alias id eius. Excepturi tempora et non soluta occaecati non nobis. Ut magnam excepturi quasi rerum debitis expedita.
Ad sapiente facere quia. Eos et sint est consectetur inventore veniam. Voluptatum voluptatum nihil sequi iure quis illo quia. Neque laboriosam nulla occaecati et. Alias qui quia non ad eveniet veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...