(Electric) Biking to Work -- Where to Park, Add'l Questions? NYC

Incoming full-time analyst in NYC. Considering purchasing an (E-)Bike to ride to work as my main mode of transportation (at least for summer months, but read below). I'll list some issues/questions I'm thinking through below:

(1a) Where would I park the bike at work? On the street? If I lock it on the street, is there any risk of  it being stolen? Is it possible to bring it in the lobby of my office; do some offices help store bikes? 

(1b) I'd be foregoing the free Uber back at night. However, if I really don't feel up for the 10min cycle back to home at night, and I took an firm-comped Uber, my bike would stay overnight -- unless I did an UberXL and threw the bike in the trunk. Anything I'm missing?

(2) I tried the Citi-bike last summer but there's inconsistencies with parking. Sometimes the lot was full and I'd have to scramble to find a nearby parking spot (which was far). However, I'm considering this option under the scenario that I don't figure out where/how to park an owned bike.

(3) Off-season months. The obvious issue with relying on biking is that it's not reliable during winter months... or is it? For context, I live in a subway deadzone. The alternative commute breakdown is as follows: (i) Subway: 15min / 0.7mi Walking + 2min Subway. (ii) Walking: 27min / 1.2mi (iii) Biking: 10min. My transportation is going to suck during winter regardless, and my thinking is a 10min bike (layered up, rain/snow jacket) is better than a minimum of 18min walking. Given that I'll breakeven on the bike in ~6 months ($600 e-bike vs $100/month of Subway tickets), taking an Uber on the occasional bad days wouldn't break the bank.

7 Comments
 

Based on the most helpful WSO content, here are some insights and considerations for your (E-)bike commuting plan in NYC:

1. Parking and Security at Work

  • Street Parking: Locking your bike on the street is common, but theft is a real concern in NYC, especially for e-bikes. Invest in a high-quality U-lock and consider additional security measures like a chain lock or GPS tracker.
  • Office Storage: Some offices in NYC provide bike storage or allow employees to bring bikes into the building. Check with your firm or building management to see if this is an option. If not, you might need to rely on secure bike racks nearby.
  • Risk of Theft: E-bikes are particularly attractive to thieves, so if street parking is your only option, ensure you’re parking in a well-lit, high-traffic area and using robust locks.

2. Uber and Night Commutes

  • If you’re too tired to bike home at night, taking a firm-comped Uber is a practical backup. However, leaving your bike overnight on the street increases the risk of theft or vandalism.
  • Using an UberXL to transport your bike is a creative solution, but it might not always be feasible depending on the driver’s willingness or the size of your bike.
  • Consider whether your firm’s Uber policy allows for flexibility in such scenarios, as some firms provide unlimited Ubers after certain hours (e.g., after 9 PM).

3. Citi-Bike as an Alternative

  • Citi-Bike is a convenient option, but as you’ve experienced, docking station availability can be inconsistent. This could add stress, especially if you’re on a tight schedule.
  • If you go this route, familiarize yourself with docking stations near your office and home, and consider using the Citi-Bike app to check real-time availability.

4. Winter and Off-Season Biking

  • Winter biking is possible with proper preparation. Invest in warm, waterproof gear, including gloves, a jacket, and shoe covers. Snow and ice can make biking hazardous, so be cautious and consider alternate transportation on particularly bad days.
  • Your breakdown of commute times suggests that biking remains the fastest option, even in winter. Layering up and using an e-bike to reduce physical exertion could make this a viable year-round solution.

5. Cost and Convenience

  • Your calculation of breaking even on the e-bike in ~6 months is solid. The occasional Uber ride on bad weather days won’t significantly impact your overall savings.
  • Keep in mind maintenance costs for the e-bike, such as battery replacement and tune-ups, which could add to your expenses over time.

Additional Tips:

  • Insurance: Look into bike insurance to cover theft or damage, especially for an e-bike.
  • Bike Accessories: Equip your bike with lights, a bell, and fenders for safety and comfort.
  • Test the Commute: Before committing, try biking to work a few times to see how it fits into your routine and identify any potential challenges.

Ultimately, biking seems like a practical and cost-effective option for your situation, especially during the summer months. Just ensure you have a solid plan for parking and security to avoid unnecessary stress.

Sources: I don’t feel safe commuting to work in NYC, Why You Should Leave NYC After Your Analyst Stint, IBD analysts how long is your commute?, Are Ubers to/from office realistic?, The future of LA

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

Just walk it or subway.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

If you park on the street is your bike likely to be stolen?  Yes.

The reason people are saying take the subway or walk is because your bike will be stolen if you can't park it inside your building while at work and at home.  Plus if you get an e-bike you have to charge it.  Where do you plan to do that?  It is technically illegal to do so in apartments in nyc now.

 

I would just citibike. It’s what I do from April to October and the main dock by my office is always full so I just park at the next nearest one and walk the couple extra blocks. Without a secure place to lock up your bike it’s just too likely to get stolen or messed with. Can also always just walk if it’s only 1.2 miles.

 

Nihil et nesciunt accusantium quaerat. Aspernatur exercitationem qui tenetur quia accusamus distinctio. Veniam pariatur molestias suscipit sed ea omnis optio.

Sapiente ex saepe voluptas aut autem sequi minus. Ut quia iure similique excepturi nemo porro. Debitis est quo a quia sunt. Debitis perferendis laudantium cum molestias. Officiis expedita dolores distinctio velit et. Quibusdam vitae quia aut quia veritatis.

Molestias ad fugit saepe magnam. Ex veritatis eum non quibusdam occaecati aperiam perferendis reiciendis. Necessitatibus in laudantium ut laboriosam. Dicta qui ipsum nulla accusantium quasi. Aut hic iure error vel quia. Quo natus nulla et adipisci veritatis id.

Saepe dolore sit ex consequatur perspiciatis. Impedit ipsam reprehenderit quo dolorem molestiae. Consequatur aut maxime et inventore asperiores consequuntur.

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 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 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 (75) $151
  • Intern/Summer Analyst (67) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”