Public Finance MM NY vs EB Houston

You will be pigeon-holed in either of those spots, but at least you have the option to branch out into Industrials from Houston. I promise you, you will not get looked at twice (or even once, honestly) sitting in PF for PE and will always be second choice to someone working in IB if you look to lateral down the line.  

Even from a firm standpoint, once you're in an EB, they are fairly accommodating of group/location transfers after a year or two (see Evercore obliging NY transfers of their Houston class this year). 

2 cents from someone who started in and lateraled from Houston O&G to NYC - agree with above poster on Houston EB being the move here but disagree with the part about internal laterals. There’s a ton of friction making an internal move, and while it’s more common right now with the environment, a clean external lateral move is better IMO.

Think you’re placing the appropriate emphasis on NYC vs. Houston but the combined brand and product group difference is too large to overcome. 

Take Houston. If you’re in any of those groups, you can lateral your pretty much any bank/office. Know people from those groups or similar caliber Houston groups who have moved to a variety of coverage groups and geographies. 

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