Do you think New York will always be the center of the IB industry? Do you see this transitioning to other areas currently?
Or will robots take everybody's job and render this question irrelevant?
| +208 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 51 | 4h |
| +108 | IB Energy Drink Tier List / Ranking | 72 | 13h |
| +94 | ONLY THESE BANKS OR YOU STRUCK OUT | 30 | 2h |
| +91 | PJT M&A Group Selection 2026 | 14 | 9h |
| +46 | Firm Thinks I'm Lying About Offer | 18 | 1h |
| +40 | Feedback for internship first desk at IBD BB - personal fit, "don't be too confident" | 29 | 11h |
| +31 | Stay at Weak Dealflow Team or Lateral? | 7 | 13h |
| +29 | Does BofA still pay its associates rat pellets? | 15 | 10h |
| +22 | Indiana University Fraternity Pipelines | 13 | 9h |
| +20 | Choosing a group - Investment Banking | 5 | 9h |
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.
The free city of Braavos
I hear Pyongyang has a thriving M&A (Murders and executions) community
Axecutions*
Heard Patrick Bateman is the head of that group over there.
I think geo is increasingly less important. Kind of like how you're seeing VC not necessarily be tied to Silicon Valley like it once was.
NYC isn't the hub of IB for this year, the title has gone to London. In general it will always be NYC, London or HK.
Anecdotally or is there data to back this up?
http://www.longfinance.net/Publications/GFCI23.pdf
Largest financial centre.
Some of London’s jobs are going bye bye because brexit
Des Moines, Iowa
Don't sleep on it. Big in the insurance space: https://www.freeenterprise.com/the-insurance-capital-of-the-u-s-look-to…</a">Des Moines Insurance Capital of U.S.
.
DC would make sense given the prevalence of community-adjusted EBITDA. Thanks, WeWork.
P-hub
will always be NYC. it's been the center of all things financial for hundreds of years, and short of hurricane supersandy or a nuke levelling the city, it'll continue to be the center of the financial universe.
the better question is what will the next tech hub be? with SF announcing they're going to tax companies to help the homeless problem and Apple/Amazon (I realize this isn't SF) looking for a secondary headquarters (but have stated they will be massive), I wonder how long silicon valley stays silicon valley. in reality, what likely will happen is the political pendulum will swing too far left and someone will bring everything back to earth, but that'll be years away
I think Austin, Texas in time can become the next great Silicon Valley. The next tech hub has to have a culture techies can embrace and be aesthetically pleasing. ATX also has SXSW and UT Austin as tech pipelines. I'm not 100% if the SV can be replaced.
Tech isn't 100% killing San Fran's real estate problem, but it has tremendously augmented it. The real issue is that SF like NYC/LA is an international city. Local are competing with internationals for property further increasing the demand and price.
Omaha
I can't see the finance hub of the U.S. being anywhere other than NYC. It has too much of a head start over any other American city as it is, and as mentioned before, geography will be playing a less and less important role as time goes on, so I can't really picture any catalyst significant enough to cause such a large shift apart from a literal apocalyptic scenario.
Quia natus vel sint incidunt quo aspernatur. Molestiae aut dolor quia est tempore molestiae. Quam quod ut odio alias nobis consequatur ut. Temporibus molestiae explicabo laborum aperiam maxime eum.
Rerum et minima consequuntur nisi asperiores blanditiis. Eos quia sapiente aliquam voluptas qui voluptates. Iusto voluptas provident vitae inventore recusandae. Unde velit recusandae magni quis quia voluptatem voluptates. Minus ut neque unde. Vel sit cum culpa in vero voluptatem quos. Neque non fugit quasi commodi similique modi sint.
Et cumque libero aut facere repellendus. Ipsam totam cumque voluptate atque voluptatem. Voluptas aut ut fuga velit aliquid deserunt.
Tenetur et quos voluptas assumenda modi dicta. Aspernatur nisi deleniti qui eum numquam voluptas nesciunt. Sunt voluptatem nulla velit at est sint nulla voluptatem. Sit fuga sed nam et velit dignissimos possimus. Omnis aliquam id quod sint expedita. Saepe earum unde non facilis.
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...