NYC vs. Chicago vs. California
Can somebody explain the difference between working in Sales and Trading in New York vs. Chicago vs. California. Is NYC really that big of an advantage? Does pay vary highly? How is the California lifestyle for someone who is in S&T working market hours?
Thanks for the help
My friends in CA doing S&T are in the office by 5am pst and gone by 4pm pst. No weekends
I believe pay (salary+ signing) is all the same if it's the same bulge bracket bank.
There's a lot of prop shops in Chicago so pay will vary a lot. Same goes for the many boutique advisory firms, VC, PE in California.
you have to wake up REALLY early if you work in the west coast as a trader. but aside from that the lifestyle will be great. chicago dominates when it comes to prop shops while NYC is the place to be for everything else.
the s/t analysts that worked at the same bb this summer as me, in california, were in the office ~3:30am.
There is S&T in California? S&T barely exists in Chicago (I'm from there). If you like trading and don't mind going the prop shop route, I'm sure Cali or Chicago is fine. But if you want the true BB S&T experience - with the world-class training and pedigree that comes with it. NYC is the only way to go in my opinion.
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