Deutsche Bank at Jacksonville, FL/Goldman Sachs at Salt Lake City, UT/Wells Fargo at Charlotte, NC/Credit Suisse at Raleigh, NC
Hi guys,
So it seems like the trend is that the big prominent wall street investment banks are quietly moving their offices to somewhere other than NYC. If you get an offer, would you move there to work? What could be disadvantages? Would it be hard to return to the mainland, NYC? Would people think that since you had a problem, you moved to keep your job? I am curious to see if you can work there couple years and come back to NYC and what could be disadvantages for your career. Many thanks!
I think that with the amount of jobs, especially at lower levels that are being moved to these areas, it's a fine place to start your career and won't affect future career prospects. Upper levels they might think you had problems.
Its fine. Especially if you're working in MO/BO, your cost of living will be much cheaper leading to a better quality of life. Options to transfer back to NYC will be available to you if you're a top performer.
I would love to land a position with one of those operations in any one of those locations. Although I have a strong passion for finance my other hobbies do not fit particularly well in NYC.
I have the exact same problem, that and I hate the cold. I work in finance in FL, so once I'll graduate I'm not sure if I'd even take a job in NYC.
The jobs at Credit Suisse in Raleigh are a joke. I went to undergrad in the area, and the positions all pay $40k with no bonus. It's nothing but middle office and back office operation jobs. Most kids I know only took jobs there because they couldn't get a real banking job. Everyone there is working in hopes of getting a fancy FO job in NY, but I've heard only a handful are able to make the switch each year.
On the other hand, Wells Fargo has basically shifted their entire trading floor to Charlotte. I have a few buddies who are second year analysts there and they're pulling $140-160k. That's not fucking bad for Charlotte.
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