Hi Monkeys, currently wrapped up SA27 and landed an MM IB gig (Aeris/HW/RJ) in Boston. I’ve always wanted to live in NYC due to the hype it gets on this site, even though I understand that’s not really a great reason.
Was wondering if it’s possible to exit to PE in NYC after my analyst gig, or if I will have to remain in Boston for the foreseeable future.
Any insights are greatly appreciated.
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Landing a PE role in NYC after an analyst stint in Boston is absolutely possible. Based on the most helpful WSO content, here are some key insights:
Location Flexibility for PE Exits: While your current role is in Boston, many PE firms in NYC are open to candidates from other cities, especially if you have strong deal experience and a solid resume. Networking and leveraging headhunters will be critical in making this transition.
Branding and Experience: Even though you're at an MM IB, the quality of your deal experience and your ability to articulate your contributions will matter more than the specific bank you're at. Highlighting relevant skills and achievements will help you stand out.
Networking: Start building connections in NYC now. Attend industry events, reach out to alumni, and connect with professionals in NYC-based PE firms. This will not only give you insights into the market but also help you get on the radar of firms looking for talent.
Timing: Most PE recruiting happens early in your analyst stint, so be prepared to hit the ground running. Ensure your resume is polished, and practice for interviews focusing on technicals, deal discussions, and behavioral questions.
Quality of Life Considerations: While NYC offers unparalleled opportunities and networking, keep in mind the lifestyle trade-offs. As highlighted in WSO threads, NYC can be intense, with high costs and demanding work environments. Make sure this aligns with your long-term goals.
In summary, transitioning to NYC for PE is feasible with the right preparation, networking, and focus on your deal experience. Start early, stay proactive, and leverage your Boston experience as a stepping stone. Good luck!
Sources: Why You Should Leave NYC After Your Analyst Stint, Why You Should Leave NYC After Your Analyst Stint, Exit opps: I've crunched the previous work experience of 390 PE Associates.., Q&A: Strategy consultant leaving for private equity
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Really appreciate the insights - is it the move to lateral for FT to NYC, or perhaps work a few years at the Boston shop and attempt a NYC IB lateral afterwards?
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Thank you for the correction, and seems like a pretty big mountain to climb if I want to FT recruit. Not sure - I might be happy with living in Boston for a while if that’s where my career takes me. Although NYC would be nice - will have to see how FT recruiting goes and work from there. Really appreciate your insights.
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that’s a crazy move man idk if it’s possible
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