NYC, SF, & CHI are the most common cities for high paying IB & PE jobs, but what are the best Tier 2 & 3 cities that have lower COL and a good lifestyle?
Charlotte, Houston and Miami have been tossed around, but I want to hear people's perspectives on what cities offer a good mix of COL, Weather, Lifestyle and more.
I have interest in working in PE or PC in the long term, so that is another consideration for picking a city.
Appreciate any and all thoughts!
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Honestly, Detroit is lit AF these days. Tons of up and coming real estate developers building up a ton of awesome nightlife/entertainment/arts hot spots within pockets of the city that used to be run down. In addition to a healthy mix of regional boutique IB or Management Consulting shops that you find in any top tier city, Detroit has also enticed more and more of the major NYC-based banks to open up regional offices here. The whispers on the street is that Piper Jaffray is also considering moving their HQ over here. In addition to that you've got Quicken Loan, GM, Ford, Cadillac, Ally Financial, ServiceNow, General Dynamics, etc. all with huge offices in Detroit.
TBH I put Detroit up there with Boston, Chicago & DC.
Straight up nonsense dude. On par with Boston, Chicago, and DC? Assume this is a joke like the majority of your other comments.
I mean maybe not Chicago.
Boston & DC 100% though. There isn't a single skyscraper in DC bruh. It's the seat of government, not Wall Street. As for Boston, just because they have a high-concentration of "sexy" industry there (ie, Biotech, Technology, Shipbuilding) doesn't mean there's more of it or that it is of higher quality than the Industrials, Automotive, Real Estate, Engineering & Manufacturing industriousness of Detroit.
Agree - Detroit is a fierce competitor in the “potentially third world” tier of US cities
strong rivalry with Memphis, Flint (MI), Newark NJ, and Toledo OH
This troll sounded funnier in your head
Detroit:
District of Columbia (lol)
Boston, MA
Chicago, IL
If you’re going to troll, at least take a stance that passes the most basic sniff test. Google population trends on Detroit, DC and Boston. Only one is in steady decline. Anyone want to guess which one? Might be good for you to get out of the cold up there in (almost) Canada… seems to be causing you to have freezing cold takes.
Detroit isn't in decline though. Obviously has a really long way to go still, but it's definitely getting better.
Lol
San Diego / Encinitas best tier 3 city
Detroit >>>>> San Diego >>> Chicago > DC > Boston
Detroit is the butthole of America
I would argue LA is a Tier 1 city, but it is still a great place to do IB.
Gary IN
Agree. Had my bachelor party there
CHI is best and it’s not even close
San Diego for T3
Would definitely put ATL up there in terms of COL, lifestyle, and a surprising amount of opportunities spread across MM IB, LMM PE (plus whatever you'd consider Roark), and VC / FinTech
There are not many seats to go around, but the Philly area is an excellent “Tier 2/3” place to live. The main line is comparable to the best NY burbs with a fraction of the tax burden.
I'd consider Austin and Dallas if you're fine with the weather and politics. Denver sounds appealing to me personally because a lot of my friends have been flocking to Colorado. Raleigh-Durham would be a good option as far as Tier 3.5/Tier 4 cities go, though idk if there's much in terms of PE there -- I'm guessing Duke University has a fund?
Durham you sure? lol
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