Jobs at Different Cities?
What are the main differences in finance jobs among the more popular cities for finance like New York, Chicago, San Francisco, and Los Angeles?
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Different divisions, cultures, hours... NYC is going to give you the most opportunities, but Chicago and LA have elite boutiques too, where the hours and exit opps are comparable to NYC.
I have a similar thread going about where to live post grad. In for responses.
Which cities/states to move to in USA for investment career? (Originally Posted: 06/18/2015)
So I basically went to a local state school known for it's business program in San Diego for my bachelors(mainly to not rack up debt). Graduated in 2013 and worked at a small advisory shop for about a year and then was laid off. The investment career opportunities are very limited in San Diego...so after the lay off have been applying outside such as Orange County, Los Angeles, and San Fransisco.
However it seems if you are not local, they don't really take you too seriously or they request an interview and it becomes a hassle to just go all the way out for an interview for a position that pays very little/not very interesting.
I've been doing a lot of thinking since my lay off...but decided I still want to work in investment industry/teach English in Asia. I know I need to move outside of San Diego for employers to take me seriously but I was wondering if it actually matters? And if so, which city/state do you recommend for opportunities in the field coming from a non-target??
Obviously New York, but to be honest I am a little intimidated from the Socal scenery right into New York. Have thought about Chicago since I love global macro/commodities, but would like to hear everyones input. Thanks
Sorry to say this but it sounds like you're just looking for excuses. I was living in a tiny EU country and was cold calling London until they gave me enough interviews for me to fly over. It doesn't matter where you're based.
To answer your question - as Europeans for finance we see the US as... NYC (good) and everything else (well..). I'm sure Europe is seen the same way from the US. Unless you WANT TO live in a different location (as in you like it or maybe it's a hotspot like San Diego for tech or TX for energy) you should aim NYC.
If you think it's a hassle to get to LA/OC why do you think it'll be easier to get to Chicago? I'd really concentrate in those areas since you can drive within about 2 hrs. Just really pound the email and phones to network and get in front of people. Unless it sounds like a completely dumb position take the interview. You never know what's going to happen or if they can intro you to someone else.
Set up Chicago but coming from SD you're going to have a nasty weather shock. Try to line up a few interviews and fly out. I don't know if Chicago's necessarily easy coming from a non target though. Your best luck is probably going to be networking through alums and there will be many more sdsu people in Socal than anywhere else.
Just make the commute to LA. Seriously, you're just looking for excuses. Don't make a hassle to employers about being 2 hours away. Just secure the interview spot, shut up, and make the commute. Show your willingness to relocate for the job since it'll show your commitment.
Well I'm not the one making the hassle. They actually make a big deal for me being 2 hours away and always ask if I plan to relocate any time soon before offering me any interviews. Anyways volatility has picked up in the markets so I'm having a good gig for now.
I would tell them that if an opportunity arrived I would be willing to relocate.
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