Advice/Tips on trying to relocate to a Tier 1 city

mm2009's picture
Rank: Chimp | banana points 15

Hi guys,

I'm trying to relocate from Chicago to NYC or LA.

After doing some research:

I have my pitch down on why I want to relocate
I can get new ph#s from Google and addresses that are specific to the areas that I will be applying to from friends and family.
My question is how can I show that I'm a local candidate if my resume shows that I currently work in Chicago?

Any other advice do you have for people searching for out-of-state jobs?

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Comments (31)

Nov 1, 2018

You are not a local candidate though. Just don't try to lie and simply state that you are willing to relocate to New York, NY.

Nov 1, 2018

Correct, I'm not a local candidate. I have no problem with being transparent; however, from my research I would be passed over because I am not a local candidate.
Do you have experience of relocating to another state?

live life to the fullest every single day, mm
Nov 3, 2018

What? Passed over? lol

People get jobs in different states and move all the time . If you are a good candidate and the firm / bank / org likes you, they will hire you and give you some cash for relocation fees. End of story.

Nov 2, 2018

Honestly not being from the same region can hurt you when simply shooting over a resume online. If you network and have someone try to pull for you, even them just fowarding your stuff to the recruiters will probably eliminate this issue.

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Nov 2, 2018

Thanks, this seems like the best bet.

live life to the fullest every single day, mm
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Nov 3, 2018

Chicago is a tier 1 city lol

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Nov 4, 2018

However, right now Chicago doesn't do enough of global impact compared to other cities within the United States to be considered a tier 1.

live life to the fullest every single day, mm
    • 8
Nov 5, 2018

Really? I'm from the midwest so everyone believes that Chicago is the best place to be since its cheap and has a large population.

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Nov 5, 2018

Hahaha. Thanks for throwing my first monkey shit at me I feel loved. Have a great week.

live life to the fullest every single day, mm
    • 2
Nov 5, 2018

Wasn't me boss

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Nov 5, 2018

hahaha "boss" how did you know?

live life to the fullest every single day, mm
    • 1
Nov 5, 2018

Do it Do it! That's what the forum is for

live life to the fullest every single day, mm
    • 3
Nov 5, 2018

Accidentally replied; reposting this as a separate comment.

"From now on, I want you to put an equal amount of blueberries in each muffin." -Sam "Ace" Rothstein

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Nov 5, 2018

Thank you for your very lengthy and detailed reply, I'm glad that you like Chicago. I agree with you 100%, finance by no means is what makes LA a tier 1 city. Any tips on relocating to those two cities from Chicago?

live life to the fullest every single day, mm
    • 1
Nov 7, 2018

Chacago is the Nomura of "Tier 1" cities.

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Nov 8, 2018

Nomura... There's a name I haven't heard in a little while around here

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Nov 4, 2018

I find this post funny since I did the opposite and relocated from California to the Midwest. I would agree with the above posters in that I was pretty explicit on my resume that I was willing to relocate. In addition, I got rid of all the locations of my prior roles on my resume and removed my address (I would only bring up my current location in the first round interview). You would need a strong reason for the switch. My main goal was to move to a more-finance orientated city for markets.

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Nov 5, 2018

Thank you very much Taroon007, I will definetly try it. With the economy being this great it should not be a problem. It also seems that I'm a very good candidate.

live life to the fullest every single day, mm
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Most Helpful
Nov 5, 2018

I lived and worked in front office finance in NYC for a handful of years. I currently live and work in front office finance in Chicago. While working in NYC can be helpful to build your network and street cred in finance, you're vastly underestimating Chicago and/or overestimating NYC, or perhaps you're making too much of the difference between them.

And how/where did you get it in your head that Los Angeles is a "Tier 1" finance city and Chicago isn't? That is just objectively wrong. Chicago has always been the #2 finance city in this country behind NYC. The city of Chicago launched entire elements of the financial world and remains the worldwide center for a few of them. It hosts two of the "M7" business schools in Kellogg and Booth. Chicago/Booth housed professors who were titans of academic finance and invented an entire school of economic thought respected worldwide. I believe commodities trading grew up in Chicago because of its proximity to Midwest farmers. There's a reason CNBC checks in with Rick Santelli every morning, and it's not just because he's a ballsy guy who's entertaining to listen to, it's because Chicago matters in finance. They don't check in with L.A. on a daily basis.

The third biggest "finance city" in this country would probably be Boston if I had to guess. I think they're ahead of L.A., maybe not. After that it gets murky. I'd say L.A. is in a tier with cities like Dallas (P.E. shops), Houston (energy banking hub), Charlotte, San Francisco, etc. I'm less sure about this tier and I'm not going to argue about it, but what I do know for sure is that Los Angeles is definitely not a bigger finance center than Chicago.

In terms of global finance, it's New York and then London. This was debatable before Brexit, but if Brexit goes down, New York edges London for global finance. In that global top tier with them are probably Hong Kong and Tokyo. Guys who've been overseas more than I have can chime in and correct here if I'm wrong.

Behind that mega-ultra-elite tier of maybe three or four cities, the very next tier down would include Chicago. If you get an offer you like in Chicago, take it. I left NYC for an offer in Chicago that suited me perfectly and I did it without blinking. Chicago is a fine place to launch a finance career.

"From now on, I want you to put an equal amount of blueberries in each muffin." -Sam "Ace" Rothstein

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Nov 7, 2018

"Front Office Chicago" is less impressive than being the dude at Turtle Bay in NY who tells you he "actually works in the Brooklyn office" of JP Morgan

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Nov 7, 2018

Luckily, I don't give a shit how "impressive" any city I work in is to sell-side junior analysts.

I saw Ken Griffin speak at an investor conference here a few weeks ago. Should I have advised him to relocate Citadel from Chicago to a cramped office in Midtown so that kids from his alma mater would find the firm more "impressive?"

Btw, my NYC office was in Rockefeller Center. I hope that's "impressive" enough for WSO. Chicago is a much cleaner city. I don't miss walking by packs of sewer rats picking at bags of rotting trash on Midtown sidewalks as I made my way to and from my "impressive" Manhattan office.

"From now on, I want you to put an equal amount of blueberries in each muffin." -Sam "Ace" Rothstein

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Nov 8, 2018

That's like trying to say nevada is a top tier city because thats wear Warren Buffet lives.

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Nov 8, 2018

Re-read what you just wrote.. Nevada is not a city, nor does Warren Buffett live there.

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Funniest
Nov 8, 2018
HarvardBoy:

That's like trying to say nevada is a top tier city because thats wear Warren Buffet lives.

quoting this, then pasting a copy of the quote in case he deletes this comment LMFAO

"That's like trying to say nevada is a top tier city because thats wear Warren Buffet lives."

1) Nevada is a state
2) Nebraska is the STATE you're thinking of
3) Warren buffet does not live in the "city" of Nevada
4) Warren Buffet doesn't actually even live in the STATE of Nevada
5) He lives in the STATE of Nebraska
6) Alternatively, he lives in the CITY of Omaha

But hey, good thing daddy paid for you to get into Harvard, right? Doesn't seem like you got the brains but at least you got the name brand.

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Nov 8, 2018

God, getting emails from you in the office must be a terrible bore. Learn to be concise man, no one is reading all that.

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Nov 8, 2018

I was being Verbose to point out the many ways in which you were wrong, thereby pointing out the many ways you are also a moron.

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Nov 9, 2018

Capitalizes random adjective in the middle of his sentence, demonstrating retard-grammar
Calls me a moron

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Nov 12, 2018

I agree with @HarvardBoy. FinanceIsWacc, check out the post directly above yours ( it's mine) for help on how to send that exact message in a concise manner.

Nov 11, 2018

I was always intrigued as to the reason why such a conglomerate, (Berkshire Hathaway), has its headquarters in Nebraska. I guess we'll ask Warren Buffet if we ever do get to meet him.
P.S. even though it's off topic thanks for your reply @FinancelsWacc. I'm not taking down this post just for your comment alone.

live life to the fullest every single day, mm
Nov 11, 2018
Nov 12, 2018
live life to the fullest every single day, mm