There hasn't been a thread about this for a very long time, so I wanted to get some fresh perspectives on this topic.
What are the differences between Investment Banking in SF vs. NYC? I'm interested to hear about differences in hours/lifestyle, compensation, exit opps, etc.
I've heard the hours/lifestyle are a little more relaxed than in NYC because of the general vibe of SF. I would assume compensation to basically be the same, considering SF is as expensive, if not more expensive, than NYC. I've heard that while there are many exit opps in SF, nothing beats NYC in this regard because it's NYC.
Thanks!
Come is the same IN SF. My firm had $85k base, $75k bonus for first year analyst last year. Exit opps are plentiful as well, but not the traditional MF exits you get in NY. Most exits are to growth equity, corporate development, and venture capital. Mind you, this doesn’t make any of these exits any less prestigious, just different industries.
When you said "my firm," are you referring to a firm in SF?
Yes in SF.
Do you know if there is a difference in lifestyle/hours in SF banking vs. NY banking?
Exit Opps will depend on your firm - to qualify what the poster above said, there are plenty of top-notch PE/HF exits to be had in the Bay Area (KKR, SLP, TPG, H&F, GG, Vista, Farallon, Coatue, SPO etc). Though there are less than NY, if you’re in a top west coast banking group you’ll get a crack at all of these. It’s not just VC/Growth, though many of the buyout firms do have a tech/media bent to them.
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