How much does location for PE matter?
Hi all, am considering the position of a pretty good MM PE analyst role out of undergrad, but it’s kind of not ideal as to location (would prefer to be in NY but it’s in Florida, not their main office). How much should I really think about location for such a role career-wise (as in beyond personal enjoyment of being in Florida/NYC)? Would it be a negative for my long-term prospects?
I would say location actually don’t matter - go for the opportunity that matters
I disagree with the above. There are obviously exceptions to the rule but where you take a job will more or less impact your future job prospects because of the network you build. It’s not a perfect science and being at a top shop should still position you well for other opportunities. More importantly, your happiness matters immensely and will absolutely impact your performance + your overall sentiment towards the job. If you don’t think you’ll like Florida I would caution taking a job there just for the experience. If Florida is your end goal or you know you’ll enjoy it because you’ve lived there or have friends that are there, then I’d say go for it.
Agree with the second comment - location does matter as when you look to move you'll have little to no network in NY. Regional offices are also pretty discounted in recruiting if your firm is HQed in NY - unfairly imo, but it's true.
If this is your best offer, it might be worth it to do Florida for a year or two and then try to lateral to NY internally or externally. But if you are considering similar offers (or BB IB offers) I would prioritize NY. It'd be different if you were from FL / wanted to live there, but I wouldn't go there if you don't want to unless this is your best offer by a mile.
Being wherever the main office is for whichever firm will always yield you better results.
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