Best place to live on first year analyst salary

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cheese86Why not live in a dumpster and save all of your first year salary? You will have no rent and if you're lucky you can find some food scraps too.

Beat you to it IlliniProgrammer!

Haha, +1 SB for sticking it to IP, lol. All in good fun though.

Regards

Definitely go with Manhattan. The closest subway stops are the 1 at 50th street and the N/Q/R at 49th street.

http://www.mta.info/maps/submap.html

B/D at 50th

Live in West Village. You will not regret it.

Also I guess,what are some places to stay away from?

Under the desk, copy room, MD's couch, etc.

Tons of places in Hells Kitchen for your 1st year. Many are no fee so don't get suckered into a broker. Chelsea and the Village are options too.

74K take out 35-39% for taxes and then set a budget. Less than 20% is pretty arduous. You should focus on quality of life not money starting out.

$1500 won't get you much if you're looking at studios.

$1500? What?...

Craigslist with 3 roommates maybe

Upper east side? For 1500, you'll be looking in upper east harlem.

Try Fort Green and wiliamsburg Brooklyn; long island city, queens. Learn to sack a girl without trying to show off.

just searched: "best places to live in new york" and a bunch of good threads popped up. You may want to read some of those to give you an idea of how to get a good deal and not live in a shitty place.

$1500 might get you a studio in chinatown, but you'll probably have to split it with a family of 15

I did searching for apartments online and $1500 is reasonable for FiDi 600 sq ft by myself. I should have mentioned though, it would be $1500/person with 3 people total.

I was on the mailing list but still was blindsided when the app opened up. You need to apply pretty much within the first day, maybe even the first few hours.

My buddies and I applied on the 3rd day (btw if you want to live with friends you need to all sit down in a room and apply w/in 30 mins of each other) and literally got the last spot in dorms: the f'ed up Rubin Hall built in like 1840.

Stay as far away from Rubin Hall as possible. No AC, but at least it's close to Union Sq (4 blocks south). The best are UHall (gym) and Carlisle right on the square.

I wouldn't recommend anywhere else. NYU is definitely the best deal with a great location (assuming you're placed in either UHall or Carlyle). Fairly large rooms with AC - overall nice accommodations. Additionally, if, in fact, you do have a few early nights, there are some beautiful women in those buildings. It was always a good night treat when i pulled up in my cab and saw a bunch of drunken broads in miniskirts. :)

craigslist is always a good place to look despite what many people may think. I was able to get a place right near times square (40th and 8th), for 1600 (which I split 2 ways with a roommate). There are definitely places with deals and although the place was pretty small it worked well. As for straight location for price, East village isnt bad,

def NYU, make sure to literally apply the day the application comes out or you will get screwed

union square is the way to go (palladium, university hall, third north, coral towers, carlyle).

and depending on how many hours you know you'll be working...

i'd consider sacking up and getting your own place. guess it all depends on what SA position you got and how many hours its going to involve.

i lived in carlyle this past summer - was really awesome location wise, and my roomates were cool (didn't know any of them prior). everything is nearby, like groceries, food, clothing, and the NRW is right outside the door

unfortunatley i was either working on drinking, so i didn't spend much time in the door, but their def okay for the around 1200/month rent

oh re: the process: sign up early as hell as everyone has said - i registered a few hours after I could, and got one of the better ones (ie with AC). some of them are kinda crappy, with 3/room, and no ac, which would suck in the summer

if you have buddies you want to room with, do what the person suggested above, and sit in a room and sign up together

Sign up for NYU housing for sure. They have locations downtown and midtown.

If NYU doesn't turn out right. Try finding a place in Hoboken or JC, very easy commute to the city... price might be around the same..

As mentioned, craigslist would be fine.

lastly, try other local schools

Ling~

Some of my friends lived in the FIT dorms last summer... that's also an option.

Some firms reserve blocks of NYU housing for their interns, so if you're lucky, you will not have to deal with the typical process, because it literally fills up within the first day.

The best places are located in Union Square, and if you're lucky, you will get Palladium, which is the nicest and has the main gym.

eh..I would argue Carlyle is the nicest, but that's my own personal bias :)

I lived in Brittany Hall, which is in an excellent location (10th & Broadway), but has no A/C and little privacy. I'd only suggest living there if you NEVER plan on being in your room.

Then again, at 250/week (and that included a meal plan), it's hard to complain too much.

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Places not to go is 55 John Street. The only thing going for it is the location (close to work). The security guard are real dicks for bringing guests, FiDi itself is nothing but an open sewer pit, the rooms are so tiny, the elevators are constantly broken, the first 4 floor are dedicated to this elementary age 12 year old camp and did I mention it is really expensive for what you get.

Does anyone know when the NYU app begins usually?

I believe usually like mid to late Feb.

Also, options are 1) Columbia (too far uptown though, but still around if you mess the NYU up) 2) School of Visual Arts 3) The New School

Does anybody know the school with dorms on the east side, maybe 51st and Lexington? Went home with a JPM summer there one night and they make you pay $40 bucks to go up....stay away, that could really crimp your game

dont be a cheap ass and get your own place (share with 2 buddies)

best place to live as a SA in the city?

...how about your office?

We're about to enter a Great Depression. Don't you want a president who's already dressed for it?

dont be a loser and live in the NYU dorms (assuming its any of the ones mentioned previously around Union Sq). within 15 minutes from any of the firms midtown or downtown. you can't get much better than that.

google it, I lived there when I couldnt get into the NYU dorms. Its really expensive and on the upper east side but its a place to live.

You can also check out the Marymount on 55th and 3rd if you want to live/work in midtown and not FiDi. It is really expensive though - $1500/month per person for a room that is pretty small but has a great view and is chalk full of finance/fashion interns.

NYU charged me $2000 when I stayed there last summer.

I booked through that website. I would recommend NYU over Marymount personally. I have lived at Marymount because it was close to Grand Central (I had to commute out to CT). And though the location is good and a lot of cool people live there, you are sharing a 2 bed/1 bath apt with 3 other people and it has a kitchenette (not a full kitchen). So you get cabin fever pretty quickly. If you are doing banking it doesn't matter because you will be working 24/7, but if you are doing S&T, then I would live somewhere will you will enjoy the place on the weekends.

I never had this problem because I've lived in Tribeca for 21 years, and just literally stayed home with mom and dad. But I would say go for craigslist. If you can, try to get to ny a few days early and stay with a friend, then look at five places on craigslist. You can get a better deal, not live in a dorm, and sometimes meet some cool people. I did that in London, and had a hot ass british girl for a roommate.

No I don't go to NYU; I just spent the summer in one of their apartment buildings during my summer analyst program.

Yes, $2000 for my entire program; my bank blocked off housing for us.

i heard most of the MDs have places in sands point. either that or greenwich, connecticut.

ok, let me rephrase my question. what are the best places to live if you are going to be a 1st yr analyst at Lehman.

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I did, so did most I know. Mostly in the Fidi/BPC area or midtown west.

Depends on your definition of luxury...most analysts I know, even if they were well off, lived in what I'd consider run-of-the-mill Murray Hill or Midtown high rises, built in the 1960s, with 2-3 other guys.

But sure, if you're a naive small-towner those Craigslist ads might fool you into thinking those buildings are "luxurious."

"Luxury" in New York is just broker-speak for "doorman".

I think its more appropriate to just to call them apartments. They are nothing special.

you'll definitely find that a majority of BB analysts live in luxury rentals with doorman/elevator.

Ask the people you've met during the recruiting process. They'll give you answers tailored to your firm and office that will serve you better than anything you find here. Of course, that requires engaging with real, live people...

I have absolutely no way of offering any meaningful advice without knowing from which particular city you will be based. If you goal is really to live as close to the biggest airport as possible, consider rooming with airport employees. I, for one, would hate living in close proximity to a major commercial airport for multiple reasons including: excessive noise, excessive pollution, lack of community, and a general poor quality of life. That being said, most airports are not that difficult to get to, even in NYC where it's 15 minutes from Midtown to LGA on a good day. Live in a decent area. Meet people. Enjoy work and do it all over again when you find yourself on a long-term assignment in a different city.

Yeah, ask the people in your office. Ask HR. My firm gave me a cool map with pinpoints of where every consultant in the office lives, by level (Associate through Partner). A little creepy, but very helpful!

Don't live near any airport. They are generally one of the most undesirable part of the city.

What city?

We can probably post better advice if you say what city.

Live somewhere near a transport hub from where you can easily get to your office and go out on weekends.

Don't live near an airport- you'll be making that return trip at most once a week (and many weeks not at all) so there's no point in basing your life around saving 10 minutes on that journey

Live in the part of town you plan on being in the most when you have down time. Living by the airport is a horrible idea. Airports are usually located far away from the most desirable places to live.

Next to an airport? Might as well live inside a septic tank.