Got offered a banking role as an associate with 2 YOE, but it requires a move to NYC. I know real estate may be a killer deal these days, but is this still worth it? We aren't entirely sure what's happening with the pandemic yet, and lots of spikes in crime still going on. Any thoughts?
Trending Content - Investment Banking Forum
Career Resources
The biggest question is around when nyc/the country will be “back to normal” (i.e. vaccine or similar). The spikes in crime are WAY overblown (especially in manhattan).
Obviously going out is limited by the pandemic, but still much more active than other places I’ve seen recently. Lots of outdoor dining and people out. I would recommend it, but know that the next 6-12m (depending on vaccine) will be a bit different.
Agree, most of the crime is in the outer boroughs and there’s no reason to be worried about it if you’re living in Manhattan and most likely working in Midtown/Fidi
Interested as well at the analyst level. Are things really becoming decentralized to the point where the COL difference on top is enough to rather pick elsewhere?
New Yorker here. I agree that the crime spikes are overblown and are mostly in neighborhoods you would never go to anyway.
NYC got really messed up back in March and April, as a result people are a lot more cautious and mask-compliant than elsewhere. We have been rewarded with a very low test positive ratio for several weeks, which is allowing things to open back up (but more slowly than elsewhere). I hope it holds as schools reopen. Spikes in NY are occurring in college campuses north of the city.
Rent drops are the most pronounced in Manhattan, not so much in Brooklyn or Queens yet.
Completely agree with the above posters. I read the news about crime spikes and whatnot but haven't seen anything or felt unsafe, and I go out every weekend even if its just for outdoor dining, taking a walk, etc.
I feel like now is a great time to move, actually. You get a less crowded manhattan, cheaper rents, and WFH so you get to save some money as well (transport, laundry, eating out, etc).
i have the citizen app, and i get alerts of small violent crime in manhattan multiple times a day (muggings, knife assaults, fights, robberies)....this has been pretty steady the past few months. As a %, crime is small....but because the population of NYC is so large, it is pretty constant.
however, i still prefer NYC over chicago...that place is a fucking warzone
Chicago is not a warzone. But certain news stations/people will tell you that it is. Have never felt unsafe here. Most of the shootings are concentrated on the S/W sides. There are pockets here and there, but not a "warzone"
Definitely agree. As someone who lives in Chicago most of what is being put out there by media outlets is completely overblown and much of it is being heard about by people who don't understand the geography of the City so they just assume there are shootings all over the city instead of what it actually is, concentrated areas where it's gang v. gang and not random.
Same position within the same company, one in NYC, another in NJ. Which on would you take?
NYC 100%
But I like big cities and love nyc. Even now, I can have a great meal delivered to my door or eat it outside, literally walk down the street to multiple Michelin Star restaurants. Everything I want is still available (although I’m not going to bars). Have a car so can leave the city whenever I want, multiple airports, etc. Yes it is a bit crowded and that can be uncomfortable for some, but if I have the option I would not take a job in NJ, but that’s just me.
“I’m not fucking leaving. The shows goes on.”
Borrowing Base Certificate?
Spikes in crime are a joke. NYC is still safer than most other major cities in the country.
Odit quam provident voluptatem voluptatem neque. Amet voluptas qui sapiente soluta et. Voluptatem enim ipsa dolore est.
Veniam nesciunt nobis consequuntur tenetur qui. Nihil quae et id qui. Aspernatur reprehenderit sunt autem eum illum labore ullam. Quaerat quo quia nostrum sapiente quia quia ex voluptas. Sed voluptas doloribus qui vel.
Non et ut delectus porro. Harum debitis blanditiis omnis aut qui consequatur.
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...