The last thread was ~10 yrs ago so I'll ask it again: NYC IB or SF IB? I go to school on the East Coast but I'm from CA so I'm partial to SF; the way how I see it is both are expensive so I might as well go with the city I like better. But will my (future) career take a hit for choosing SF? Every comment I see on here says NYC is the center of everything.
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If you're at a top tech shop (GS TMT SF/MS M&A Menlo/Qatalyst SF) then you have a lot of optionality when it comes to exit opps. Other than that, may be a bit harder.
So is the Bay all TMT IB? No opportunities for other coverage groups/product groups in general?
We have consumer, healthcare (including biotech), sponsors, and your usual M&A/ECM/DCM/LevFin, as well as TMT.
You either hang out with rats in NYC or homeless heroin addicts in SF... i would go with the former
Nah dude I know SF...I feel like there's more homelessness in NYC despite SF's situation being horrible.
i looked further into it & can confirm i was wrong. I apologize for the SF slander
Ok look the difference is that NYCs homeless don’t bother you. On the other hand, the SF homeless think they own the fucking place and shouts at random people, throw bottles at them while being on drugs in broad daylight. Would take nyc anytime
Bump... Does being an analyst in NYC offer more career progression potential with regard to PE/HF (compared to being an analyst in SF).
Yes.
Don’t waste your time in SF. NY is the center of the finance universe and you will have many more opportunities spending your analyst years in that city. Took an offer in the bay to work at a more “prestigious” bank in their tech group but regret the decision every day.
SF is a beautiful city and the bay is truly remarkable but the area is not conducive for people in IB. Nothing is open late, you need hours of free time to go enjoy the hikes, lakes, and beaches here, and there is virtually no finance culture since everyone works 30 hours a week in tech.
Go to NY and don’t think twice. Would personally do a lot to go back in time and choose NY
Couldn’t agree more. I started in SF and I’m trying to gtfo of this horrible city asap. Probably the most overrated city in the world. For the cost of living the quality of life is completely off base
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