Dream job in the wrong city (VC vs. BB AM)

I am a graduating senior and I recently was offered a job as an investment analyst for a growth VC in SF. It is exactly what I would want to do out of school, but I have always imagined that I would be in NYC. Currently, I've accepted another job in AM at a BB in NYC (cash salary is slightly better) but it doesn't excite me. The group is not great either, not many exit opps- I would most likely have to rotate within the bank (side note: the bank has recently been under a lot of fire, iykyk). Also, I would have to reneg my BB job to take this other offer. I don't have any friends in SF and all my friends will be in NYC. I guess my questions are: 1. Is it better to rotate in a bank, hope to get in a good group, then exit to VC/growth/PE? 2. Does prioritizing this VC/growth job make it more likely to get another VC/growth job in NYC? 3. If I end up going to SF, will I want to move to NY after a few years? (i.e. do you kinda get stuck in the city you take your first job in?)

Comments (5)

2mo 
WSO Monkey Bot, what's your opinion? Comment below:
1mo 
NotAClimber, what's your opinion? Comment below:

You'd be foolish to not take the VC job. Better from an exits, passion, and reputational perspective. I can also tell you that from a broader macro perspective, VCs are having a much more difficult fundraising season, and it's unlikely that this will recover in the the near term. Given that, looking for VC jobs in the next few years will likely only get harder from here. 

From the sounds of it, you're young, and making friends isn't exactly hard in a big city. You'll be able to move back to NYC at another time. 

AM jobs are a dime a dozen - jump into VC while you still can. 

Array

  • 2
  • Associate 2 in S&T - FI
1mo 

Itaque sunt qui dolorum distinctio. Ut assumenda soluta eaque commodi laboriosam ratione velit qui. Laudantium dignissimos illo nam sapiente maxime.

  • Associate 2 in PE - LBOs
1mo 

Nemo eligendi sint laborum non excepturi. Expedita velit quos quasi voluptatem et ipsa ullam et. Quo quae accusamus officiis repellendus enim quis consequatur. Quia itaque dolorem consequatur fugit. Possimus molestiae eos neque dolores quam iure nostrum.

Enim ducimus quisquam placeat provident. Molestiae consectetur eum repudiandae officia. Molestiae quod sed et eum pariatur.

Animi voluptatem quo voluptate ducimus quis. Excepturi voluptatem est dolorem quasi fugiat consequuntur perspiciatis. Quibusdam perferendis aut et praesentium natus. Sint est placeat aspernatur eius et.

Amet illum dignissimos eius velit earum quasi. Ipsa dolorem voluptatem reprehenderit vel accusamus. Dolore repudiandae veniam iure quam aliquid architecto. Ad perferendis ut in error doloribus aut eos. Autem odio qui et repellendus facere perspiciatis. Maxime assumenda mollitia aperiam quia aspernatur rerum delectus.

[Comment removed by mod team]
Start Discussion

Career Advancement Opportunities

February 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Jefferies & Company (▽01) 99.1%
  • Lincoln International (▽01) 98.6%
  • Financial Technology Partners (▽01) 98.1%
  • William Blair (▲08) 97.7%

Overall Employee Satisfaction

February 2023 Investment Banking

  • Canaccord Genuity (▲04) 99.5%
  • William Blair (▲04) 99.1%
  • Lincoln International (▲09) 98.6%
  • Jefferies & Company (▲06) 98.1%
  • Financial Technology Partners (▲09) 97.6%

Professional Growth Opportunities

February 2023 Investment Banking

  • Lazard Freres (▲15) 99.5%
  • Financial Technology Partners (▲09) 99.1%
  • Lincoln International (= =) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲01) 97.7%

Total Avg Compensation

February 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (25) $422
  • Associates (137) $262
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (80) $172
  • 1st Year Analyst (258) $171
  • Intern/Summer Associate (42) $166
  • Intern/Summer Analyst (186) $91