What is life like being a banker in LA?

Based on the most helpful WSO content, life as a banker in LA offers a different vibe compared to NYC. Here's what you need to know:

1. Living Areas:

   • Popular areas for IB analysts in LA include Santa Monica, Manhattan Beach, Brentwood, and Century City. These neighborhoods are desirable for their proximity to work, lifestyle amenities, and overall quality of life.
   • Some analysts also live in Downtown LA (DTLA) if their office is located there, but many prefer the beachside or Westside neighborhoods for a better work-life balance.

2. Commute and Transportation:

   • Unlike NYC, where public transit and late-night Ubers dominate, LA is a car-centric city. Most analysts drive to work, and having a car is almost a necessity.
   • Commute times can vary depending on where you live and work. For example, if you live in Santa Monica and work in Century City, the commute might be 20-30 minutes. However, traffic can be unpredictable, especially during rush hours.
   • Public transit options like the Expo Line exist but are limited compared to NYC's subway system. Some analysts find it convenient for specific routes, like traveling between Santa Monica and Downtown LA.

3. Late Nights and Safety:

   • Late-night Ubers are still an option, but most analysts prefer driving themselves. Parking is generally available near offices, and the city is more spread out, so you won’t experience the same density as NYC.

4. Vibes and Lifestyle:

   • LA offers a more laid-back and sunny lifestyle compared to the hustle of NYC. The proximity to beaches, outdoor activities, and a generally more relaxed atmosphere can be a refreshing change.
   • However, the city is sprawling, so you won’t find the same density of finance professionals or networking opportunities as in NYC. That said, the LA IB scene is strong, with top groups like Moelis, Goldman TMT, and Houlihan Restructuring offering excellent deal flow and exit opportunities.

5. Cultural Differences:

   • LA’s finance culture is often described as slightly more casual and lifestyle-oriented compared to NYC. While the hours can still be long, the environment might feel less intense, and the weather certainly helps.

If you’re tired of NYC and have friends and family in LA, the move could be a great fit, especially if you value a better work-life balance and a change of pace. Just be prepared for the car-centric lifestyle and the sprawling nature of the city!

Sources: The future of LA, Los Angeles IB SA Recruiting Mini-Guide, Los Angeles IB SA Recruiting Mini-Guide, Why You Should Leave NYC After Your Analyst Stint, Moelis LA vs Moelis NY. How do they compare in terms of exit opps and career projection? What would you choose?