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

Officia error voluptas facere quidem sit. Deserunt ex eos omnis. Sunt molestiae occaecati corporis ea.

Adipisci facere fugit dolores nihil beatae voluptas in. Recusandae consequatur modi est.

Earum quia voluptatem quidem sint dolorem. Architecto eligendi possimus eum repellat alias necessitatibus. Labore ut animi quis nihil inventore nihil omnis.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (27) $183
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”