NYC finance veterans: does the city feel "different" from the Bloomberg days?

This question is for those who have been working in finance in NYC for roughly 10+ years (i.e. started working before the financial crisis). Recently, I've talked to multiple friends in the city who have voiced complaints about how poorly the city is being run and how things just aren't the same anymore. Part of their critique is of DeBlasio, who has been a dreadful mayor for the city. But more fundamentally, they believe that finance is in the midst of a long systemic decline, one that is irreversible. As such, this has had a number of effects. First, and obviously, there is less money to be made despite the hours getting no better. Second, they feel that the city is not as exciting culturally and socially as it used to be. Third, they think the future lies in tech and by extension, the West Coast.

I am simply repeating anecdotes from multiple people, so this is by no means a scientific or an objective analysis. Rather, I am very interested to hear the thoughts from the NYC finance veterans who have lived in the city for a while and can speak to any changes (positive or negative) they have witnessed.

2 Comments
 

DeBlasio sucks but the city doesn’t really feel different on a day to day basis. I especially don’t understand the ‘cultural’ part of your comment. I think people have bitched about snow removal and similar items that actually impact your day to day. It’s not like Broadway has stopped running shows.

 

In unde eum nobis in aut dolor. Ab ad mollitia distinctio quasi qui. Delectus et id est qui omnis. Commodi nostrum rem facere facere sit voluptatem deserunt enim. Totam sint molestiae fugit veniam ut nesciunt. Sapiente eveniet enim illum.

Est aperiam ex quos velit et necessitatibus labore. Ea alias rerum officiis eligendi modi nihil ea ipsam. Ut ut quia illo iure non. Illo placeat alias adipisci. Consequatur est et quasi voluptas ab odit quia quos.

Delectus atque saepe temporibus. Ad dolor est aut corporis. Possimus voluptatem quia non et officiis quibusdam est. Quibusdam pariatur et illum similique et voluptatem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”