Promotion or NYC?

To keep it short, I am currently in Corporate Banking and have been afforded the opportunity to either accept an early promotion in the Tier 2 City I currently reside in (think Chicago/Toronto/Boston), or an equal position in NYC.

Is being in NYC truly going to make that big of a difference when it comes to exit opportunities and/or business school aspirations? Or does a better title hold more weight?

Thank you for any input.

Comments (13)

Apr 15, 2019 - 7:28pm
Maximum Leverage, what's your opinion? Comment below:

Yes, same bank.

There is more than one way to get there. I'd rather have 30 chapters than 3000 pages.

Apr 15, 2019 - 7:58pm
faceslappingcompilation, what's your opinion? Comment below:

take the promotion. the world is global now

just google it...you're welcome
Apr 15, 2019 - 9:53pm
Maximum Leverage, what's your opinion? Comment below:

Whatever ranking you'd like to give it. They're not New York.

There is more than one way to get there. I'd rather have 30 chapters than 3000 pages.

  • 1
Apr 15, 2019 - 9:57pm
faceslappingcompilation, what's your opinion? Comment below:

Chicago vs NYC.....no...NYC is not better...its the same

just google it...you're welcome
  • 5
Apr 15, 2019 - 11:28pm
Zemaitis32, what's your opinion? Comment below:

Chicago is a Tier 1 city. Pay is the same regardless of location (within the states) in banking. Your money goes a lot farther outside of NYC. Now, in regards to the actual number of opportunities in banking, Chicago is probably a tier 2. But, I'd make the argument that the only city that is Tier 1 (strictly for banking) in the states is New York.

Apr 16, 2019 - 8:57am
NonTargetHardo2019, what's your opinion? Comment below:

I guess it comes down to what do you really want? CB pay in a Tier 2 city might be awesome compared to IB in a Tier 1 city but what do I know?

Curious on your thoughts of transitioning from CB to IB as I landed CB at a BB and wondered if other than exit opps, you had some reasons as to why it would be better.

Apr 16, 2019 - 9:20am
Maximum Leverage, what's your opinion? Comment below:

I'm not moving to IB, nor have I been offered that. I have spoken about an internal lateral to that division, but I was told I would have to start over and lose my work experience. So I decided against it.

There is more than one way to get there. I'd rather have 30 chapters than 3000 pages.

Apr 16, 2019 - 9:37am
NonTargetHardo2019, what's your opinion? Comment below:

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