I summered and signed a return offer at a west coast office. Although I liked the group a lot and got great experience, I'm originally from the east coast and have been regretting not asking about the ability to switch to NYC for full-time.
Is it worth being far away from family and friends to be in a good group with good culture? If anyone has advice or has been in this situation before, I'd appreciate some input.
| +409 | Change My Mind: Banks Shouldn’t Hire Foreigners at All | 111 | 15m |
| +176 | Article - UBS’ Investment Bank Keeps Losing Ground | 34 | 9h |
| +95 | Don’t work at UBS - UBS Sucks | 11 | 44m |
| +77 | An Exhaustive Guide: How to Solve Every Single Accretion/Dilution Question | 7 | 2h |
| +51 | When to Leave Office as Intern | 5 | 2d |
| +43 | Best IB Group Overall? | 25 | 1d |
| +34 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 2d |
| +31 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 22 | 1d |
| +31 | STEM student lost in London IB recruiting | 17 | 19h |
| +20 | Still recruiting SA'27 | 13 | 18h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Unfortunately, you lost your leverage by signing the return offer. If they have a need in NYC it might be possible but doubtful. Beyond that, it's a personal decision. If you got another offer in NYC this is one of the few situations that reneging wouldn't be a complete slap in the face.
The great thing about your first job is that is you don't have to stay that long if you don't want to. I'm originally from New England but moving away from home for college and now working in living in a city away from home learning how to manage my own life has been a great experience and allowed me to become an independent person much much faster. If you have a great opportunity on the West coast I wouldn't let that go yet. Stick around for a little while, gain some amazing experience with people who you seem to like, and if you still feel like you need to move back to the East coast then you can, and hopefully you'll be able to save up some money to help you get a relatively nice place in New York.
Just had a summer internship with a west coast firm and waited until after I got the return offer to bring up NYC- the leverage of not signing the offer was key. Anecdotally, I know a previous analyst who had a really good reason to move offices, like a sick family member, and HR had no choice but to move him. It can't hurt to ask, but I'd make sure to have a good reason ready for when they question you about why you didn't bring this up before signing the offer.
Does this depend on both headcount and whether or not a group in NYC wants you to hire? For full time it's very group dependent on who they sign on, even if you have an offer for a different group there's no reason a group in NYC would have any obligation to take you, unless they were run by the same group head/P&L line like west coast and east coast TMT being run by the same global head. I would assume if not then there would be some kind of interview process for that NYC group.
Dignissimos sequi quod omnis dolorem neque magni quis. Excepturi veritatis veniam aut sit. Incidunt eveniet sed ut sunt optio fugiat. Enim inventore qui sed voluptatum qui fuga. Harum porro quas nisi explicabo voluptas iure consequatur.
Soluta at aliquid veritatis distinctio consequuntur sunt id dolor. Velit pariatur quo architecto veniam quo. Sed fugit quas quia alias aut.
Perspiciatis placeat excepturi odio ipsam non. Distinctio quo asperiores unde eos eum. Magnam iure facilis minus commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...