As investment bankers and private equity professionals continue to move up the ladder, are they confined to living in NYC because of their demanding work schedule? Do VP+ tend to move into the suburbs like NJ ever? Once someone begins to think about starting a family, a nice big lawn and house might seem more appealing than an apartment in the concrete jungle.
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I think it depends on personal preferences. PM at a shop I worked at couple of years ago used to live in NJ because he wanted a large house. Senior guys / PM at place I recently worked at lived in large apartments in some of the best parts of the city. Personally I would still live in the city if I get to that stage because I've just lived here for most part and didn't like the time I lived in the suburbs so I guess it really depends on preferences
Short answer: yes
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