Transferring IB Offices: New York to London
I am giving serious consideration to requesting an internal transfer to my group's London office and would appreciate some takes and advice from people who have made a similar move.
My background: I was an analyst to associate promote at a MM bank and have spent my career in one coverage group. I'm in my early thirties, married and no kids. Have been in NYC for 15+ years and while I love the city, living abroad for the short-medium term has always been something that strongly appealed to me. My wife is in tech and therefore able to work remotely from anywhere. I feel as though this is my chance to enjoy no strings attached life before having kids in ~3 years. We are avid travelers and would use this opportunity to visit different sites in Europe on weekends and holidays.
Considerations and concerns: The three main issues I see here are timing of the ask, compensation, and career progression. Biggest concern is timing of the ask - how to delicately and tactfully open the discussion with the manager. Given the business disruption from COVID-19 and the general chaos, I would love to hear opinions on how to best approach this. Other considerations include whether a salary cut is in play, and how this would generally affect career progression and the ability to come back state side after a year or two.
Would love to hear some thoughts. Thanks.