NYC Or Bust?
I never saw myself as the New York type, but sure enough, I found myself in NY upon graduation. Fast-forward to today--I'm reading an article from Tech Crunch, regarding the opening of Benchmark Capital's San Fran branch, which was largely motivated by the desire to be close to one the greatest entrepreneurial hubs.
What do you all think of the issue of geography in finance? Is it NYC or bust? Are there innumerable intangible benefits to being a financier in NYC-people, money, events, serendipitous encounters?
At the end of the day, it seems as if all the major deals and best start-ups are done/created in just a few geographic regions.
When choosing a career, do do you feel like you're losing out if you go to a place like Texas, or even LA? We seem to be living at a time when a lot of smaller cities are coming into their own. I'd be curious to hear some personal stories and opinions about the costs and benefits of each geographic region.
It's always good to spend two years in New York, ideally early in your career when you have a whole lot more patience for the city from hell.
I think there are career trade-offs that you need to make. Working outside New York isn't always associated with giving up money for more free time and more life, but it often is.
I think there is nothing wrong with making that trade-off.
I also think it is easier to climb the corporate ladder outside NYC, and outside of investment banking, for that matter.
Let's Jay Z tells you how this goes:
The great thing about a place like NYC/London/Chicago is that the concentration of connections & financial companies is so great. I can probably network with more hedge funds and bankers in a day in NYC than I could in San Fran in a month. It's a great place to start your career 'mark your territory'.
With that said, no one can deny that the quality of life out west is just that much better. It's funny because I work for a company that has locations in both NYC and San Fran and when I've been out to San Fran I'm SO much more relaxed than I would be in the city. The pace and the style is so much different.
I always like to say if you can hang in NYC, you can hang anywhere--but I'm not necessarily trying to hang there forever, because eventually it's going to kill me. If you visit a hedge fund manager who's 40 in NYC and a hedge fund manager who's 40 in San Fran, it's quite obvious how much faster the NYC breed ages. It's just a law of life.. when you live it faster, you're going to age faster.
The perfect scenario for me would be to stay in NYC for 5~ or so years, make connections, do business, save some $$, and then create a life out west (or somewhere less stressful) where I can still communicate with my connections in NYC, but live easier than them.
^^ best song about new york. that is all.
in before swagon posts someone ridiculous comment about NY rap songs
4 all u BofA and WF folks
for Eddie and all my gangstas reppin NOLA and the Magnolia projects
http://www.youtube.com/embed/JIsauKFUkhk
they go hard in M-town
"miss majesty" herself Kreayshawn reppin the bay area and WC, shout out to San Franciscan WSO misses you dawgg
http://www.youtube.com/embed/sZ4LQjePRT4
IP and the weak-ass midwest crew
http://www.youtube.com/embed/SKL254Y_jtc
more garbage from the midwesterners, yall should be ashamed of this
cant touch that brooklyn
http://www.youtube.com/embed/PLdKmQ1g4YE
4 my MIA ballers
lol @ the boa shoutout
San Francisco is amazing. Had the option to go to NY for SA, decided to stay in da Bay. But I grew up here, go to school here, so my situation is a little different IMO.
HoustON for Energy. Htown baby.
Interesting collection of videos
2000 bananas @swagon
Ipsam dicta ex animi est aut a neque et. Praesentium provident minima excepturi autem dolorem sit. Magnam consequuntur non beatae nam amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...