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Based on the most helpful WSO content, here are some insights for NYC SA housing:

  1. Popular Areas:

    • Midtown (Murray Hill / Gramercy): Highly convenient for Midtown offices. Costs range from $2k-$3k for solo living or $1.5k-$2.25k with roommates. Nightlife is vibrant here.
    • Long Island City (LIC): Close to Midtown (1-2 train stops). Lower cost of living, with prices slightly higher in Hunter's Point. Nightlife is limited but proximity to the city compensates.
    • Downtown / FiDi (Financial District): Battery Park City is popular but expensive, with studio prices ranging from $2.5k-$3.5k. Roommates can reduce costs to around $2k/month. Nightlife is moderate, with better options in Midtown or the Village.
  2. Dorms:

    • NYU dorms are an option but not highly recommended. They charge around $2.4k/month, and the quality is often criticized. Additionally, the location (Village) is far from both Midtown and Downtown offices.
  3. Cost-Effective Options:

    • Subletting or Airbnb with roommates can be a cost-effective solution. For example, sublets like the one mentioned in the WSO thread (6/1-8/15) cost $1850/month for a private bedroom.
  4. Timing:

    • Start searching in late March or early April. Most commitments happen in May. Networking with fellow SAs at your firm or school can help find roommates.

For more details, check out this thread: https://www.wallstreetoasis.com/forum/investment-banking/sa-2021-nyc-ho…</a">SA 2021 NYC Housing Thread.

Sources: SA 2021 NYC Housing Thread, SA 2021 NYC Housing Thread, Why would anyone willingly choose to live in NYC / SF / CHI?, Housing in NYC 2020, 2020 San Francisco Summer Housing

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.

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