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Look it depends on the specific group. Going from an active M&A group in CIBC or SocGen to a random capital markets group at Nomura or WF doesn’t make much sense, especially if you want to live and work in NYC for your career (hypothetical example).

Now if you would be going from a middling group at your current firm to a respectable group with steady deal flow at your new firm, and you’re ready to embrace all aspects of SF living (beautiful nature, clean air, people living in tents on the streets and shitting on sidewalks) then it makes a lot of sense.

 

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