So let's say you work at a PE, IB or HF firm in NYC.
But you want to live in New Jersey (think Weehawken, right by the ferry terminal), and your work place was in Times Square, NYC.
Could you make this commute every day and is it common? What are the pros and cons?
Is it better to live in NYC directly? Please opine.
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It's common enough with 9-5 jobs. Harder with IB hours, I'd say the majority of people who work 80+ hours a week live in NYC, usually with 0 transfers or maybe 1 transfer on the subway. Ferry -> either 20 min walk or waiting for a bus is a pretty long commute for IB et al.
Socially you probably will find yourself staying in NJ more, which is one thing if you're older and settled but not great if you're 23 and looking to hit the social scene downtown a lot. The Uber back to NJ is very expensive (fine when company is covering it, less so at 2-3am when you're coming home from the bar and it's $60 to get back). Also if you're looking to date, girls often don't want to go to Jersey to date if they live in Manhattan... stupid, but true.
How old are you? I'd recommend doing 1 year in NYC to make friends, get to know the city, and you can go explore Jersey on the weekends and move there if you want to once you're settled.
+1, currently a summer at a bank in NYC and staying in NJ (Jersey City, near Journal Square so even further than what you have in mind).
Takes me an hour to get to my office which is near Times Square, and this very annoying commute aside living so far complicates your social life a lot as well. Not being able to go home to change/rest, not being able to bring people home, Ubers being expensive at night and subway being sketch etc all make it very difficult to really enjoy NYC's social scene. Granted, I'm only paying about a rack for a single and the place is nice but if I could turn back time I would splurge a bit more for an apartment in Manhattan.
In my 20's.
I want to save, so thinking NJ over NYC, but commute could be too much of a hassle.
I commute from Union county (Summit, Westfield, New Providence) via train, but plan to take the bus next month to avoid transfering in Newark. I'm married with a family, so a dense urban environment isn't for us.
Doable. I’m a 2nd year at BB with condo in Hoboken. Works for me.
How do you get to work and how long does it take you?
Ferry?
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