NYC vs London

I'm currently doing an internship in NYC but will be doing a masters in finance in the fall. Got into Vanderbilt and IU Kelley in the U.S. and LBS, LSE, and Imperial in London. I first wanted to ask which program I should do to help me land something at a BB/EB.

If I go Vandy/IU Kelley I will end up recruiting for NYC. If I go to London I will more likely end up recruiting for London because the pipeline to NYC isn't really there. Anyone have experience of working in both cities and how the cultures differ? I'm really indecisive rn.

6 Comments
 

Based on the most helpful WSO content, here's what you need to know:

Program Selection:

  • LBS, LSE, and Imperial in London are highly regarded for finance and are considered target schools for investment banking in London. These programs will open many doors for IB roles in London, with strong pipelines to BBs and EBs in the region.
  • Vanderbilt and IU Kelley are solid programs in the U.S., but their recruiting pipelines are more focused on NYC. If your goal is to work in NYC, these schools align better geographically and network-wise.

Key Considerations:

  1. Recruiting Pipeline:

    • If you attend LBS, LSE, or Imperial, you’ll primarily recruit for London roles. Transitioning to NYC from these programs is less common due to the lack of a direct pipeline.
    • Vanderbilt and IU Kelley will position you better for NYC roles, as they have established networks and alumni in the U.S. market.
  2. Cultural Differences (NYC vs. London):

    • NYC: Known for its fast-paced, high-intensity work environment. The culture is competitive, with long hours and a focus on deal execution. Networking is critical, and the city offers a vast array of opportunities across BBs, EBs, and other financial institutions.
    • London: While still intense, the work culture in London is often described as slightly more balanced compared to NYC. The city has a strong focus on international deals, and you’ll likely work with a more diverse client base. Networking is also important, but the approach may feel less aggressive than in NYC.
  3. Long-Term Goals:

    • If you see yourself working in NYC long-term, Vanderbilt or IU Kelley would be the better choice.
    • If you’re open to building a career in London or Europe, LBS, LSE, or Imperial would provide stronger opportunities.

Final Thoughts:

If you’re still undecided, consider the following: - Affinity with the city: Do you prefer NYC’s high-energy environment or London’s international and slightly more balanced culture? - Program reputation: LBS and LSE are particularly strong for finance in Europe, while Vanderbilt and IU Kelley are well-regarded in the U.S. - Networking opportunities: Choose the program that aligns with the region where you want to build your career.

Both cities and programs have their merits, but your decision should align with your career aspirations and preferred work environment.

Sources: European Master in Finance programmes (pre-experience), Advice for London applicants, Choose Between Two Offers (BB/MBB) - Looking for Advice, https://www.wallstreetoasis.com/forum/school/uk-master-in-finance-advice?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Come to London for a few weeks and see if you like it


Some of my American friends want to transfer to NYC but some want to stay

 
Funniest

London is where careers, money, and dental work go to die.

New York is the literal best city for banking and none of the other countries (including England, France, and Europe) even come close. In addition to winning world war 2 for them, America also built 12 of the 17 largest airports in Britain. Nothing matches the economic engine of the USA

 

There's barely any banks that accept Master's students in the US. Let's make that clear. In addition, IU Kelley/Vandy are completely non-target schools (for Master's degree) in the US, and are completely unheard of outside of the US so I guess your best bet is to go for LSE/LBS in London and recruit there since LSE/LBS are top targets in London/EMEA. If you want to end up wanna go back to the US you can lateral later.

 

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