LA: The next best transition from NYC?
I'm sure most of us are working here in NYC. NYC is great and all, but have you started thinking about what comes next?
How many of you want to move on from the city and see what else is out there? I've been thinking about LA a lot.. and I think they offer two different, but great, lifestyles..
What are your thoughts on LA after a few years in NYC?
I'm eyeing TX post-MBA. There aren't any top business schools in TX, right?
SMU Cox and UT- Austin McCombs are the b schools in TX
I can't think of a better major city to work for at the moment than Toronto. It's safer than Chicago, cleaner than New York, and had been/continues to be a booming city.
Winter in Toronto really is far worse than in NY. I really like Vancouver, but wouldn't be able to deal with the winter and I already hate winter in NYC.
The average low for Vancouver in the winter in the winter is above freezing and the city receives less annual snowfall then NYC. It just rains a lot in the winter. The summers are dry and much more pleasant than NYC which gets very hot and humid.
Safer than Chicago, cleaner than New York ... narrows it down to most other cities in the US.
Moving from NYC to Toronto to work in any area of finance would be a horrible career move buddy. Market's tiny in comparison.
Getting around LA is super frustrating - it's a cliche but it's true. The weather is gorgeous, but personally I prefer San Francisco or San Diego (the latter is small, only recommended if you really want to downshift).
I hope you like driving
The other east coast cities are alot more similar to NYC in layout and people. If you're looking for a big culture change then LA def offers a cool place to live.
lol no
How's the IB/HF industry in LA compared to NY?
LA also has a ton of PE shops around if you are interested in that after your banking stint. In regards to Toronto, isn't it hard to land good PE jobs? Almost every friend I know that are top students in top Canadian schools would choose to work in the states rather than Toronto.
I second San Francisco. LA is a classic case of urban sprawl. It goes on forever. I don't live in NYC (I'm in another large metro area) but just visited my sister for a week in SF. She moved from NYC. SF is smaller than LA but is still very diverse. The geography changes quickly, and so does the vibe of the city as you are walking through it - both in positive ways IMO.
The Bay Area is a really beautiful part of the country.
I would say the bay area is THE most beautiful part of the U.S by far. You just can't beat its unique geographic setting of the Pacific Ocean on the one side and the bay on the other. The view along Interstate 280 are highway One are both surreal, with the mountain rangess and nature preserves throughout all the way down to Santa Cruz and beyond. It is truly a road tripper's dream come true. Plus the weather is naturally air conditioned year round. Just the perfect medium and never too cold or too hot.
Spending sometime in the bay area is enough to turn even the most hardcore Republicans into bleeding heart environmentalists. I know it did to me haha. Plus if you work in finance in SF then you also enjoy the added benefit of being not the most hated and despised group by the 99%, as that honor now belongs to the techies.
Right now SF is in the midst of tech bubble 2.0 which, along with years of scarcely any new constructions, has made it the most expensive place to live in the U.S. When this bubble goes burst things may become a bit more normal out there.
Can you tell us how finance career opportunities look in SF? Is it comparable to LA?
SF/ the Bay Area is definitely better than LA for finance. It's probably #2/3 (think Chicago is probably bigger, but not sure).
That being said, it's still a HUGE step down from NYC in terms of how much finance is getting done there. It's a bit amazing the degree to which NYC is in a league of its own with respect to certain 'city' things in the U.S. (population / density, diversity, food, finance come to mind).
California has ridiculous taxes, just like New York. Plus, as a previous poster mentioned, the latest tech bubble and stupid rent control policies have made SF just as expensive, maybe more so, than NYC.
in SF, it's also normal for 30+ year olds to have roommates. to me, that's rediculous. COL here in LA (west LA at that) is awesome
LA is a great place to hang out but the driving/traffic/spread out nature of the city is horrifying as are taxes in California. It's definitely a place I'd go, but it's not ideal. If you like warm weather, I recommend Dubai or Hong Kong.
Drop some Dubai knowledge on us. From what I've heard, at least in consulting roles, the pay was actually lower in comparison to the US. Not sure why though - is this true?
Dubai is in the top 3 on my travel destination list.
Dubai is a great place to travel for vacation, I highly recommend it. Just avoid the summer months, as it's way too hot from around April through September. October-March you're golden.
In terms of salaries, I don't know about consulting, but most firms in the UAE pay globally competitive rates, but of course you have taxes of 0%. Also, SWFs and other top places to work provide housing, etc., on top of the standard comp. Even for an American (who still has some bill back home), you save a huge amount in taxes. I know a few guys over in the gulf, they're doing quite well.
LA vs NYC vs HK or Dubai... Legit Comps
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