NYC IB Associate considering relocation

Uncertain if I want to settle down in or around NYC due to cost of living, expensive real estate market, safety, etc.

Love the walkability, culture, social scene, entertainment and career opportunities that NYC provides but I expect these priorities to shift is I get older. I am unsure if this is where I want to settle down and start a family.

Career wise, I’m ok leaving IB for other finance roles though I am not sure what other hiring markets look like.

Considering a new start elsewhere and I am interested in hearing from people who have tried something new.

Appreciate any recommendations or insights.

Thanks all

10 Comments
 

Rare serious post here....As an international, I interned in Chicago and found it very tough to integrate socially relative to NYC. It is deeply provincial. I am sure if you know people there or are even from a similar U.S. state it is different, but nothing compares to NYC as someone who came to the US knowing absolutely nobody. There were massive amounts of people in the same exact position, all connected by common interests. One of the MDs literally said "Welcome to Elise Island" during one of my FT introduction seminars. Especially in terms of building connections, I feel like by the time I left NYC (not by choice - got relocated) I ended up with connections that will ultimately spread out all over the U.S. and give me a very broad network. Idk if the experience would be the same in Chicago. 

That said, the city is gorgeous and I bet if you know people there and can handle a little snow it's perfect. OP specifically is talking from the perspective of someone that has already done time in NYC so for him it's a good option, but for the younger internationals or people from random places on this website, I highly recommend starting in NYC.

 

Occaecati quis eum et fugit dolores illo. Sit et aut et expedita iure. Dicta nihil doloremque tenetur expedita fugiat aut ipsa. Id id id amet ipsum aut sequi. Voluptatem excepturi et minima omnis veniam molestias. Et aut praesentium quo ex non ipsum.

Ut voluptas deleniti in tenetur qui. Maxime aut dolor voluptatem. Et aut similique et.

Odit cumque in magnam voluptates culpa est. Fugit aut nam laborum voluptatem quia est commodi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”