Is $8500 Rent in NYC too much for a Summer Analyst?
I’ll be working in NYC at BB and I ended up getting an apartment for $8500 total for the entire 10-week internship.
Is this too much? The way I thought about it was that the NYU dorms are $7500 for 9-weeks and my place is much better + I won’t have to share, but it’s kinda sounding like I paid too much. Thank you!
Who tf cares, it’s already done. Move on.
Who quotes rent in 10 week amounts
I believe Tony the Tiger does
AirBnb
I got an AirBnb so that’s why I got the 10 week price
Times are tough right now with his tuition of $21,000 (per 14 weeks) and eggs at $3.43 (per 5 eggs).
NYU dorms are like 5k. Yes, 8.5k is a lot relative to what others spend, but clearly, it was somewhat in your budget. What's done is done. It's only a summer. I hope the place is nice.
Are you sure NYU is $5k? Is this based on recent data?
5005 to be exact
This beats living out of a cardboard box
NYU dorms are 100% not in the $5k range for the entire 10 weeks. When I looked last summer, they were closer to $6.5k - $7k for singles with at least some amenities. $8.5k is expensive but this should give you an idea of how to budget your paychecks going forward.
Living with a friend and it's 5k
This is false. I was in a single at Second Street through NYU and it costed me $5500
https://housing.nyu.edu/summer/reserve-space/dates-rates/
5005 for a shared room, 6314 for a single.
Is costed a word?
Nah man, the deal flow will be back by then
NYU dorms are 5k living with someone else for 10-11 weeks
8.5k is a bit much. When I stayed at Pace, it was 7.5k for a Single. With the long hours it was worth. Guessing you’ll be in IB, so shouldn’t break the bank
Haha last summer I paid $4,365 ($1,940/mo) for 182 Broadway at Pace since I applied for a triple (had it all to myself due to lack of demand) and adjusted the start/end dates to only fit my 9wk internship. Incredibly low price with an added bonus of being within walking distance to the office.
I might've abused the system too much as I believe they removed the application to adjust your start/end dates this year.
All the people saying save money or whatever, like I get it, i really do. But I spent extra to have my own place and it was 1000% worth it. I was in a sweaty group and had to do a lot of work on weekends and having a nice desk setup at home made my life a lot easier. Something to keep in mind.
I have zero regrets over the few thousand dollars I had to spend extra so that I could do my best work, most comfortably, and secure a return offer that will offset any lost money lol.
Living in an AirBnb in Murray Hill area for $1600/mo ($4000 for entire summer)
that’s cheap af everything in murray hill was 2k+ when i looked
How did you find that?
Looked in Sept for AirBnb's
A good friend of mine was traveling to NYC the other day and he overheard a couple IB analysts (JPM?) say “NYC rent? More like NYC-Ass!”
Tells you a little something about the rent culture in NYC I think
That doenst even make sense
Sorry to hear - you’re gonna spend the entire summer in the office anyway. Could’ve crashed on a friends couch or something for free.
That's a bit pricey. I'm paying a good amount less for a 1BR on the UES. Also did an AirBnB while searching for apartments and it came out to 3k per month or around 100 / night. It's a lot cheaper than hotels, but try to find the right balance because you are paying for the convenience.
The ROI is getting the return offer.
What is it with rent in NYC? In London a nice apartment goes for like 1.4-2k pcm. At least it did last time we rented back in 2019 (1.6k then).
It can always be worse, my rent is 4000 a month as an analyst 1. My number one luxury / concern is my living situation, so I prioritized that. It will be fine as long as you don't overspend on other areas - like clothes, watches, etc.
man 4k? i try to limit it to one biweekly paycheck excluding bonus
and that feels like i’m pushing it already
$4k is nearly the entire after-tax paycheck lol, not to mention 40x rules to qualify... clearly their parents are both guarantors + paying a portion of it. It's fine and common in the city honestly, but weird to come on here and act like that's a good number for someone asking for budget advice
4k a month lmfao Rental situations are bad in NYC but not thaaat bad. For a decent studio you'll pay 2000-3200 a month and for 1 bedroom 3-3500. Again this varies by location but you don't need to live in West Village when in NYC. Upper East, Upper West, Hells Kitchen, Battery Park, you can get the prices I mentioned above.
8.5k for 10 weeks is $3.5-4k a month... for a furnished and short term place this is fine, huge markup for that type of thing. I'm sure the dorms are cheaper but whatever
Just hope your Airbnb doesn't cancel on you a day or two out... happens to a few people every summer and is the real risk of Airbnb
Yes Airbnb is full of idiot scammers.
Paid almost 10k for 10 weeks in SF last year. Own space at the end of a long day is worth every penny, IMO. Have had negative roommate experiences in the past and not having to deal with another person in my space after work was huge.
If spending an extra couple thousand bucks gives you a better living environment, better sleep + peace of mind, and you perform better during your internship to secure a return offer, then it’s just about the best money you can possibly spend.
Honestly the place is really nice, it’s in East Village and I won’t be living along, but will be staying with two other friends of my from high school who will be interning in the same group and firm, so the support system will be good
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