Is non-nyc IB still "Wall Street"?

Also, do you all ever tell people that you "work on Wall Street"? I part of me almost feels as if that nomenclature is dead, or reserved for S&T guys physically located in FiDi 

30 Comments
 

Yes and No. 

I work in a Satellite office that is in NYC, but is part of the NYC desk.  Think SF/LA/Houston/Chicago.  If I know someone is very inexperienced with finance or the business world.  I will tell them that I work on Wallstreet if they look confused.  

Most of the time people know what IB resembles.  

We swim in different circles, man.  No one I grew up w/, including my family, has any idea what I do. 

I come from down in the valley, where mister when you're young, they bring you up to do like your daddy done
 

I would say that anyone working in an FO high finance roll in the United States would be acceptable for the word "Wall Street" as its a synecdoche (thanks 12th grade English vocab) for the American high finance industry as a whole. 

Your argument could be extended to say that anyone who doesn't work in Lower Manhattan or even Wall Street itself. 

Just my opinion. I would just say "I work in finance" though 

 

No one I know, at elite HFs, top PE shops, or even BBs satellite offices in SF, CHI, etc. ever says “Wall Street.” They just say “at a hedge fund,” “at a XYZ Industry investment firm,” or “in banking.” If you’re looking for a shortcut, you say “in finance.”

Admittedly, data is not the plural of anecdote, but I’ve been around the block a few times. “On Wall Street” = “NYC high(ish) finance.” 12th grade vocab notwithstanding. 

 

Wall Street is a metonym for US high finance in general. Doesn’t matter where the office is physically located.

In London we call it “The City” even though office could be in Canary Wharf or Mayfair. 

Was obsessed with finance, now do product in tech
 

To echo other comments here - please do not say "I work on Wall Street" unless you want to be perceived as a massive tool, regardless of where you work.

 

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