Want to Move Back to NYC
I want to ask the group if it would be seen as a bad move to quit my job and move back to New York City as I don’t like where I currently live?
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If you hate where you live and want to be back in NYC, then yeah, move back. Life’s too short to be miserable. But don’t do it recklessly—NYC is expensive, and quitting without a plan can put you in a tough spot. If you’ve got savings, connections, or a job lined up, then go for it. If not, maybe start applying before you make the jump. Either way, do what’s best for you, but be smart about it.
Based on the most helpful WSO content, moving back to NYC can be a double-edged sword depending on your circumstances and goals. Here are some key considerations:
Career Impact: If you're planning to quit your job without a clear plan or offer in NYC, it could be risky. As highlighted in WSO threads, the job market in NYC can be competitive, and transitioning without a solid opportunity lined up might lead to financial strain or a prolonged job search.
Cost of Living: NYC's high cost of living is a recurring theme in WSO discussions. Be prepared for significant expenses, including rent, transportation, and general living costs. If you're not financially prepared, this could add stress to your move.
Quality of Life: Many WSO users have shared mixed feelings about NYC. While some love the energy and opportunities, others find the high cost of living and intense work culture draining. Reflect on whether NYC aligns with your personal and professional goals.
Networking and Opportunities: NYC is a hub for finance and other industries, offering unparalleled networking opportunities. If you're in a field like investment banking or private equity, the move could boost your career prospects, provided you have a strategy in place.
Personal Preferences: Some WSO contributors emphasize the importance of personal happiness. If you genuinely dislike your current location and believe NYC will improve your quality of life, that could justify the move. However, ensure you're not romanticizing the city without considering its challenges.
If you decide to move, consider securing a job first or at least building a financial cushion to ease the transition. Additionally, weigh the pros and cons of NYC life to ensure it aligns with your long-term goals.
Sources: Why You Should Leave NYC After Your Analyst Stint, 1st year analysts: stupid to move into NYC right now?, 1st year analysts: stupid to move into NYC right now?, I F***ING HATE NEW YORK, Quitting major Investment Bank in NYC after 2 months...?
I've been through this. I didn't have the balls to just quit, and the location honestly made me so depressed that I no longer had the energy to recruit effectively (primate brain mechanisms not being helpful ...).
Eventually I got another job, moved back, and my life started making sense again. Unfortunately, years had been wasted already.
When recruiters these days ask me about other locations, my answer is "hell no".
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