I was wondering how living in SF really is? I accepted an offer from a BB in their Tech group for SA23 and would love to hear how the city is / nightlife / where to live etc? I am from the Midwest and go to school out there as well and would love to hear about perspectives from that. Thanks!
| +144 | Americas M&A League Table Q2 Updated | 64 | 2h |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 1d |
| +64 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 5h |
| +55 | Restructuring: Anti-climactic Experience | 11 | 4h |
| +50 | Boutique firm wants access to my LinkedIn? | 40 | 5h |
| +45 | IB Net Worth / Savings Check | 20 | 2h |
| +33 | Investment Banking in Mexico | 9 | 1d |
| +33 | Investment Banking is Hard | 14 | 10h |
| +23 | PWP vs BofA | 21 | 11m |
| +21 | Excel macros for QOL formatting | 0 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I've lived and worked in SF for about 5 years now and it's really a mix of pros and cons. Yes there are homeless walking around and some are crazy. Yes you'll develop a habit of walking and looking at the ground to avoid shit. Yes it's expensive. However, the homeless and excrement is concentrated around Tenderloin and downtown, and you can find ways to save money. For me, the hardest part of moving to a new city was finding a regular social circle of friends.
But the weather's beautiful year-round, you're close to the ocean, and there's great food. A lot of nightlife ends early, but you can find the ones that stay open late. You'll eventually want a car, so you can check out all the places outside of SF. There's a lot of places you can access within a day or over a weekend. Hope this helps.
.
If you stay out or the tenderloin it’s absolutely fine
Didn’t like SF because we worked with NYC office.
So while NYC didn’t have to be in office until 9:30, we had to be in by 7:30 am everyday due to difference and wouldn’t leave till 1:00 am usually.
Only pro is overtime pay as a SA
Sorry what do you mean by overtime pay, is it for every bank? I’m a SA out there in 2023.
CA overtime pay is 1.5x. None of us know what offer you signed it should be clearly stated on your offer letter. If it states that your salary is prorated at a $xxxK rate (usually An1 base so 100-120 nowadays) then you divide that by 52 to determine your expected weekly pay. If it states $xx/hour, then you can receive overtime pay. What I have noticed is that the firms paying by an hourly basis will have lower rates ($35/hr), but pay should be on par with most firms or even higher if you factor in overtime. Only firm I know that is paying a decently high rate hourly is Wells Fargo (40 per hour or smthing).
I am currently on 110K prorated so making around 9.1k pre-tax per month with 2K housing stipend for the entire summer so around 10kish per month.
Exactly what I am experiencing. But we do tend to go home earlier and just WFH for the rest of the day.
Work at a bank in fidi - don’t live in the tenderloin, bayview, or western addition , and you’ll be fine
I lived in the Midwest for 7 (3 post-college) and have currently been in the Bay for 4 now. Would have left way earlier if my now wife hadn't gotten accepted to medical school out here. We are leaving the Bay next year to go back to the Midwest (and note, neither of us are from there) and I honestly can't wait.
It's all 4 of way too expensive, way too dirty, way too crowded, and way too much crime. Would be fine paying a ton of money if SF was a pristine city for example, or if you had all of the latter 3 but it wasn't so pricey. Being in a city dominated by tech also gets so old so quickly. Thank god I wasn't single and moving here, dating as a dude seems like a nightmare here.
Weather isn't even that great here compared to SoCal. Sure, access to outdoors is decent, but it's not like the beaches are any good, Tahoe is pretty far away and access there pales in comparison to being in the PNW or Denver or Salt Lake. Sure, food scene is great and there are a ton of Michelin star restaurants here, but a lot of other cities have multiple Michelin star restaurants. Marijuana being legal not that much of a differentiator anymore either. Main differentiating point you really can't anywhere else is access to wine country, I'll give the Bay that.
I mean it's fine at the end of the day, but that's all I would qualify it as.
Alias a et voluptatum ullam. Adipisci ab sit quis odit. Ab ea aut mollitia modi dolor debitis. Voluptatibus maiores voluptas beatae earum consequatur qui.
Qui debitis possimus ex minus enim dolores illo. Est sit explicabo laudantium quibusdam minima. Quibusdam ut ut ut delectus. Placeat cum ex voluptatibus ipsa.
Ducimus dolores amet ea et quo modi consequatur. Repudiandae eos rerum quia eum adipisci. Sed voluptas magni molestiae. Culpa aut et placeat dicta quam.
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...