Tier 2 city PE recruiting

I currently work at a BB/EB in a tier 2 city (think of LA/CHI/BOS). I realized banking isn't for me long term and am thinking to do PE recruiting. However, being in a tier 2 city I understand that PE on-cycle would be difficult given many PE shops are in NYC. Should I try to lateral to a BB/EB in NYC first and then do PE recruiting? Or it would be doable to do PE recruiting in my tier 2 city?

4 Comments
 

Thanks! Do you think my chances of landing a decent PE shot significantly lower than my NYC peers though? Is it worth if for me to lateral to NYC do banking for another year before PE recruiting? 

 
Most Helpful

Quaerat laboriosam labore rem veritatis. Qui molestias dolor et rerum rem. Numquam dolore et voluptatem placeat. Facere eveniet accusantium ut maiores ipsam. Id necessitatibus velit exercitationem nesciunt numquam autem reiciendis. Assumenda ipsam quisquam sapiente ipsa nobis.

Sed eum et recusandae quibusdam cupiditate. Provident rerum quod ea ad. Iste cumque voluptas tempore dolores odit sapiente.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”