When you’ve built yourself up to the point where you don’t have to be in NYC to continue your success, then you can be anywhere. Those are the people moving to Miami and praising Miami. The problem with this model is that the people who are building themselves up move to Miami listening to the praise and think they can build their career up too. Some latch on to the successful folks who moved down there (all HIG employees for example). Some might do well on their own through crypto or whatever. But the vast overwhelming majority will be crippled in Miami, for all the classic reasons why. No infrastructure, no community of professionals (lawyers, audit, bankers, execs, etc.) who can get things done, no good schools for fresh talent - plus the culture there isn’t built to make money and build your career.
It sounds like you want to move to Miami - just remember that beggars can’t be choosers, and you may have to pick whatever is there simply because it’s all that’s available to you.
OP here; Yeah I agree that Miami isn’t as ideal as NYC but I’m from FL and just don’t think I can see myself in NY long-term. Obviously moving to Miami when you’re so successful you can do whatever you want is ideal but I don’t know what that would look like in my case/I don’t want to wait 20 years.
Unsure if it would be worth it to wait to make VP to exit/ if that would give me more optionality on employment. Basically trying to get some input on what are the sort of paths I could realistically look at for exits since there are no top groups to lateral to in Miami.
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What industry coverage? If P&U, NextEra is always looking to add to their Corporate Development team in West Palm.
When you’ve built yourself up to the point where you don’t have to be in NYC to continue your success, then you can be anywhere. Those are the people moving to Miami and praising Miami. The problem with this model is that the people who are building themselves up move to Miami listening to the praise and think they can build their career up too. Some latch on to the successful folks who moved down there (all HIG employees for example). Some might do well on their own through crypto or whatever. But the vast overwhelming majority will be crippled in Miami, for all the classic reasons why. No infrastructure, no community of professionals (lawyers, audit, bankers, execs, etc.) who can get things done, no good schools for fresh talent - plus the culture there isn’t built to make money and build your career.
It sounds like you want to move to Miami - just remember that beggars can’t be choosers, and you may have to pick whatever is there simply because it’s all that’s available to you.
OP here; Yeah I agree that Miami isn’t as ideal as NYC but I’m from FL and just don’t think I can see myself in NY long-term. Obviously moving to Miami when you’re so successful you can do whatever you want is ideal but I don’t know what that would look like in my case/I don’t want to wait 20 years.
Unsure if it would be worth it to wait to make VP to exit/ if that would give me more optionality on employment. Basically trying to get some input on what are the sort of paths I could realistically look at for exits since there are no top groups to lateral to in Miami.
Totally agree. Just wanted to make sure you went in eyes wide open!
Probably better to leave as an Associate if doing trad'l finance. If doing corp dev or something, the VP title could help you.
My advice is to keep your eyes wide open, look opportunistically, and fly down frequently to network
Curious what others think
Rothschild just opened a Miami office with some senior bankers:
https://www.rothschildandco.com/en/newsroom/press-releases/2023/02/rand…
I just moved down here - similar background. PM me and we can chat!
Did you stay in IB? Are you from there or just wanted to move?
Et necessitatibus doloremque libero aspernatur in fuga at. Ea accusantium magni qui aliquid blanditiis nihil. Qui laudantium sint delectus iusto dolores ad non perspiciatis. Reiciendis quia blanditiis eligendi ut minima et quo. At et autem rerum ut. Est quos in tempora consequatur nisi et voluptas.
Aut ut aperiam consectetur sequi nisi aut delectus earum. Autem sit officiis dolores esse et.
Consequatur labore a et non nihil dolores voluptatem fuga. Ipsa dignissimos iste nihil repellendus blanditiis eos nihil. Voluptatem non quisquam enim. Voluptas iste ratione minus fugit omnis in reprehenderit voluptatem.
Error omnis voluptatibus vel. Rerum impedit dignissimos aliquid dignissimos quisquam. Quas ratione aut perferendis id expedita dolores.
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