Best place to live on first year analyst salary
What are the best places to live in/near NYC, if you work in the financial district?
Thanks
What are the best places to live in/near NYC, if you work in the financial district?
Thanks
Career Resources
2 Gold Street is a gorgeous building in FiDi... Have some friends that live there and they love it... Its at Gold and Maiden...
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10 Hanover square is pretty sweet
Manhattan - East Harlem I seen it while watching Gangland on the History Channel its a good place to live if its on tv
Do not live at 2 gold. I've heard TERRIBLE things about it. Everything from bedbugs to murder.
Any helpful input here would be appreciated.
Is FiDi reasonable if I am working near rockefeller center? If not any suggestions for places around there would be great.
2 Gold doesn't sound great (because of the unfortunate murder)
http://www.apartmentratings.com/rate/NY-New-York-2-Gold-Street.html
Apartments there also seem to be quite expensive, $2400 for a 1BR/Studio =/
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Don't live in the fidi... so boring. Murray hill is great in my opinion. Find a place thats close to public transport that gets you near work.
Is commuting from midtown to places such as Murray Hill or FiDi worth it for the nicer place? Or will the amount of time commuting be better spent sleeping?
Why not live in a dumpster and save all of your first year salary? You will have no rent and if you're lucky you can find some food scraps too.
Beat you to it IlliniProgrammer!
Haha, +1 SB for sticking it to IP, lol. All in good fun though.
Regards
Hadn't heard about the murder... Was in the bldg this summer and the apt I visited my friends in was a great space... Been hearing reports of lack of security so maybe not ideal... 45 wall is legit and so is Murray Hill which is where I'm looking
how much for a small studio at 45 wall
Best Places to Live for Morgan Stanley Analyst (Originally Posted: 04/29/2013)
Hey guys, for someone who will be working at Morgan Stanley (Broadway and 47th), what are some ideal areas to live (i.e. close to the right subway stations).
Definitely go with Manhattan. The closest subway stops are the 1 at 50th street and the N/Q/R at 49th street.
http://www.mta.info/maps/submap.html
B/D at 50th
Live in West Village. You will not regret it.
Also I guess,what are some places to stay away from?
Under the desk, copy room, MD's couch, etc.
Tons of places in Hells Kitchen for your 1st year. Many are no fee so don't get suckered into a broker. Chelsea and the Village are options too.
Where to Live? FY1 Analyst- 74K Base Salary, 23K in Student Loans: Manhattan, Hoboken, or Jersey CIty (Originally Posted: 01/13/2015)
My start date is on the 28th. I'm looking for places now. My office is in Midtown and my firm likes to staff locally, so I'm sure my initial clients will be in NYC. However, I might end up flying to Houston every week as well. So should I live in Manhattan, Hoboken, or JC? I'm trying to spend
74K take out 35-39% for taxes and then set a budget. Less than 20% is pretty arduous. You should focus on quality of life not money starting out.
Best place to live for 1st year Analysts (Originally Posted: 12/30/2010)
After talking to a few people from the website in another thread as to what types of places people are looking for, I figured I'd start this to see what the NYC veterans think.
I think $1500 max is more than enough to peak the limit at and we'll put the range from FiDi to midtown. No point in telling a girl you live on the upper east side only to bring her back to your 420 sq ft apartment you pay $2,000/mo for.
For some of the 2nd/3rd yr analysts, associates, VPs and MDs, where did you start out? And please no one suggest Jersey. Yes, I know it's cheaper....it's Jersey.
$1500 won't get you much if you're looking at studios.
$1500? What?...
Craigslist with 3 roommates maybe
Upper east side? For 1500, you'll be looking in upper east harlem.
Try Fort Green and wiliamsburg Brooklyn; long island city, queens. Learn to sack a girl without trying to show off.
just searched: "best places to live in new york" and a bunch of good threads popped up. You may want to read some of those to give you an idea of how to get a good deal and not live in a shitty place.
$1500 might get you a studio in chinatown, but you'll probably have to split it with a family of 15
I did searching for apartments online and $1500 is reasonable for FiDi 600 sq ft by myself. I should have mentioned though, it would be $1500/person with 3 people total.
Thats a significant difference... But as a chick id prefer to go to Brklyn to your own apartment instead of worrying about your buddies hearing all the moans and groans through the crappy blow up wall you'll have to put up to make that 1 or 2 bedroom into a 3 bedroom.
Best Places to live as SA in New York (Originally Posted: 12/10/2008)
I know most people stay in the NYU dorms. How are they? Any other recommendations or feedback in general about the arrangment and process.
Thanks, Hopeful
I was on the mailing list but still was blindsided when the app opened up. You need to apply pretty much within the first day, maybe even the first few hours.
My buddies and I applied on the 3rd day (btw if you want to live with friends you need to all sit down in a room and apply w/in 30 mins of each other) and literally got the last spot in dorms: the f'ed up Rubin Hall built in like 1840.
Stay as far away from Rubin Hall as possible. No AC, but at least it's close to Union Sq (4 blocks south). The best are UHall (gym) and Carlisle right on the square.
I wouldn't recommend anywhere else. NYU is definitely the best deal with a great location (assuming you're placed in either UHall or Carlyle). Fairly large rooms with AC - overall nice accommodations. Additionally, if, in fact, you do have a few early nights, there are some beautiful women in those buildings. It was always a good night treat when i pulled up in my cab and saw a bunch of drunken broads in miniskirts. :)
craigslist is always a good place to look despite what many people may think. I was able to get a place right near times square (40th and 8th), for 1600 (which I split 2 ways with a roommate). There are definitely places with deals and although the place was pretty small it worked well. As for straight location for price, East village isnt bad,
def NYU, make sure to literally apply the day the application comes out or you will get screwed
union square is the way to go (palladium, university hall, third north, coral towers, carlyle).
and depending on how many hours you know you'll be working...
i'd consider sacking up and getting your own place. guess it all depends on what SA position you got and how many hours its going to involve.
i lived in carlyle this past summer - was really awesome location wise, and my roomates were cool (didn't know any of them prior). everything is nearby, like groceries, food, clothing, and the NRW is right outside the door
unfortunatley i was either working on drinking, so i didn't spend much time in the door, but their def okay for the around 1200/month rent
oh re: the process: sign up early as hell as everyone has said - i registered a few hours after I could, and got one of the better ones (ie with AC). some of them are kinda crappy, with 3/room, and no ac, which would suck in the summer
if you have buddies you want to room with, do what the person suggested above, and sit in a room and sign up together
Sign up for NYU housing for sure. They have locations downtown and midtown.
If NYU doesn't turn out right. Try finding a place in Hoboken or JC, very easy commute to the city... price might be around the same..
As mentioned, craigslist would be fine.
lastly, try other local schools
Ling~
Some of my friends lived in the FIT dorms last summer... that's also an option.
Some firms reserve blocks of NYU housing for their interns, so if you're lucky, you will not have to deal with the typical process, because it literally fills up within the first day.
The best places are located in Union Square, and if you're lucky, you will get Palladium, which is the nicest and has the main gym.
eh..I would argue Carlyle is the nicest, but that's my own personal bias :)
I lived in Brittany Hall, which is in an excellent location (10th & Broadway), but has no A/C and little privacy. I'd only suggest living there if you NEVER plan on being in your room.
Then again, at 250/week (and that included a meal plan), it's hard to complain too much.
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Places not to go is 55 John Street. The only thing going for it is the location (close to work). The security guard are real dicks for bringing guests, FiDi itself is nothing but an open sewer pit, the rooms are so tiny, the elevators are constantly broken, the first 4 floor are dedicated to this elementary age 12 year old camp and did I mention it is really expensive for what you get.
Does anyone know when the NYU app begins usually?
I believe usually like mid to late Feb.
Also, options are 1) Columbia (too far uptown though, but still around if you mess the NYU up) 2) School of Visual Arts 3) The New School
Does anybody know the school with dorms on the east side, maybe 51st and Lexington? Went home with a JPM summer there one night and they make you pay $40 bucks to go up....stay away, that could really crimp your game
dont be a cheap ass and get your own place (share with 2 buddies)
best place to live as a SA in the city?
...how about your office?
We're about to enter a Great Depression. Don't you want a president who's already dressed for it?
dont be a loser and live in the NYU dorms (assuming its any of the ones mentioned previously around Union Sq). within 15 minutes from any of the firms midtown or downtown. you can't get much better than that.
google it, I lived there when I couldnt get into the NYU dorms. Its really expensive and on the upper east side but its a place to live.
You can also check out the Marymount on 55th and 3rd if you want to live/work in midtown and not FiDi. It is really expensive though - $1500/month per person for a room that is pretty small but has a great view and is chalk full of finance/fashion interns.
So I went ahead and googled Marymount, and got its listing on this website Educational Housing Services. (http://www.studenthousing.org) Anyone have experience booking through this website? For the houses listed, is it possible to book directly?
For the price or $1500/month.. how much is NYU charging?
Thanks a bunch.
NYU charged me $2000 when I stayed there last summer.
$2000 for the whole summer? and do you go to NYU? (I think the price is lower for students?)
I booked through that website. I would recommend NYU over Marymount personally. I have lived at Marymount because it was close to Grand Central (I had to commute out to CT). And though the location is good and a lot of cool people live there, you are sharing a 2 bed/1 bath apt with 3 other people and it has a kitchenette (not a full kitchen). So you get cabin fever pretty quickly. If you are doing banking it doesn't matter because you will be working 24/7, but if you are doing S&T, then I would live somewhere will you will enjoy the place on the weekends.
I never had this problem because I've lived in Tribeca for 21 years, and just literally stayed home with mom and dad. But I would say go for craigslist. If you can, try to get to ny a few days early and stay with a friend, then look at five places on craigslist. You can get a better deal, not live in a dorm, and sometimes meet some cool people. I did that in London, and had a hot ass british girl for a roommate.
No I don't go to NYU; I just spent the summer in one of their apartment buildings during my summer analyst program.
Yes, $2000 for my entire program; my bank blocked off housing for us.
Best place to live if working at Lehman (Originally Posted: 01/21/2007)
Anyone know where the best places to live are if working at Lehman?
i heard most of the MDs have places in sands point. either that or greenwich, connecticut.
ok, let me rephrase my question. what are the best places to live if you are going to be a 1st yr analyst at Lehman.
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Do most Analysts live in luxury condos? (Originally Posted: 01/01/2013)
Did some searching and it seems like most incoming 1st years opt to live in luxury high rises with a roommate or two. Anyone else opt for a different living situation? Perhaps a studio (not in a luxury building) or living in a walk up.
I did, so did most I know. Mostly in the Fidi/BPC area or midtown west.
Depends on your definition of luxury...most analysts I know, even if they were well off, lived in what I'd consider run-of-the-mill Murray Hill or Midtown high rises, built in the 1960s, with 2-3 other guys.
But sure, if you're a naive small-towner those Craigslist ads might fool you into thinking those buildings are "luxurious."
"Luxury" in New York is just broker-speak for "doorman".
There are bona fide luxury buildings in NYC, including many conversions and new constructions in the Financial District, BPC, Midtown West near the Hudson River, LIC etc. These buildings not only have doormen but also hotel style concierge services, in-house gyms, lounges and sometimes swimming pools.
I think its more appropriate to just to call them apartments. They are nothing special.
you'll definitely find that a majority of BB analysts live in luxury rentals with doorman/elevator.
Yes, broker-speak luxury. Shitty apartments, though, in real speak.
Best place to live (Originally Posted: 04/26/2014)
Accepted consulting position upon graduation. Moving to a major city. How does one determine the best place to live. I know being close to an airport would be beneficial. How close would one want to be to the office? Should one get assigned to a project locally for an extended period of time it could require quite a commute in the city. Any wisdom on how you have made your selections on locations to live and how it has worked for you.
Ask the people you've met during the recruiting process. They'll give you answers tailored to your firm and office that will serve you better than anything you find here. Of course, that requires engaging with real, live people...
I have absolutely no way of offering any meaningful advice without knowing from which particular city you will be based. If you goal is really to live as close to the biggest airport as possible, consider rooming with airport employees. I, for one, would hate living in close proximity to a major commercial airport for multiple reasons including: excessive noise, excessive pollution, lack of community, and a general poor quality of life. That being said, most airports are not that difficult to get to, even in NYC where it's 15 minutes from Midtown to LGA on a good day. Live in a decent area. Meet people. Enjoy work and do it all over again when you find yourself on a long-term assignment in a different city.
Yeah, ask the people in your office. Ask HR. My firm gave me a cool map with pinpoints of where every consultant in the office lives, by level (Associate through Partner). A little creepy, but very helpful!
This is cool.
To elaborate on the original question, living near the airport seems like a terrible idea, financially. You would be paying out-of-pocket for cabs to go out on the evenings/weekends. If you live where you want to play (i.e. where everyone else is), the company is paying for your cab to the airport.
Don't live near any airport. They are generally one of the most undesirable part of the city.
What city?
We can probably post better advice if you say what city.
Live somewhere near a transport hub from where you can easily get to your office and go out on weekends.
Don't live near an airport- you'll be making that return trip at most once a week (and many weeks not at all) so there's no point in basing your life around saving 10 minutes on that journey
Live in the part of town you plan on being in the most when you have down time. Living by the airport is a horrible idea. Airports are usually located far away from the most desirable places to live.
Next to an airport? Might as well live inside a septic tank.
While living near an airport might seem like a good idea at first, unless you are an airport employee it is a bad idea.
Let's just assume you are living by Newark airport, are you willing to pay $90+tip for the cab after a night of drinking with clients? If you want to have any kind of social life the further from airport the better.
Arizona.
here's how I found where I wanted to live:
the actual houses available (in my price range, sqft I want, on-street/off-street parking; do a craigslist search using the map function and you should quickly gather what types of housing is in specific areas)
commute (my area is rapidly growing and public transit hasn't caught up)
proximity to amenities (gym, restaurants, bars)
crime (you can look up crime maps of your area to see if it's sketchy)
best of luck, and I agree with other monkeys that if you tell us the city it would be helpful
www.city-data.com has a lot of good information for people looking to move to new cities.
Talk to your coworkers before you commit to any place. See what part of town they're living in and whether they like it or not etc.
Close to public transportation (i.e. subway, metro) and within an hour to the airport but not close. Would definitely need to know what city to give better advice.
Find a place that is closessttt to your job, preferably walking distance. you'll thank me later
In most business travel you end up going to and coming from the airport at odd times anyway: really early for departures or really late for arrivals when you're coming home (or really odd times so it doesn't matter) and you can expense your ground transport anyway. But as others have said, just name the city and you can probably get a better answer. For example, I wouldn't want to live near many airports but you don't want to necessarily live near JFK, BOS, LHR, SFO, PHL, MIA and many others (and not because they're absolutely horrible areas, but there's nothing there). I'd live as close to my office as possible. That's what you can control when you have any control over your schedule. I'm not a consultant and I know this is that forum, but I've done multiple years (like 10 years) of air travel of over 250k miles so live close to your office and the rest isn't in your control anyway.
No airport. You'll be travelling excessively and the last thing you want to see when you look out the window is another plane taking off (or hearing them at night).
Aside from Manhattan, which of the NYC boroughs is the best to live in? (Originally Posted: 01/22/2013)
Leaving out Manhattan, which of the boroughs in the next best to live in? Manhattan isn't an option for the next year, but I need to live in one of the other boroughs for job reasons.
Cost is a factor, but it is not the only one, so try to give as much of an "overall" (not just focused on cost but including cost) answer as possible. Safety is also a consideration for me. Along with activities, businesses, opportunities, and events in the area. Basically, please comment on whatever factors you know about.
Manhattan
Uh. You don't need to remind me how great it is to live in Manhattan. But it simply doesn't make sense for now. I would appreciate an actual suggestion among the other boroughs.
If you've got mini i-bankers on the way, Queens.
I don't, but I would be interested to hear what your reasoning for that is.
Williamsburg has become a new favorite among many finance people, much to the chagrin of the local hipsters. Move to Bushwick Brooklyn if you want to be edgy, by the Morgan Avenue L train station area.
Hoboken, not a borough, but it's a solid option.
Hoboken is a vacuous community devoid of any culture. I'd do Brooklyn - Williamsburg, Park Slope or BK Heights areas
My thighs are too big to wear skinny jeans.
Strong Island.
souf bronx
also, f*** williamsburg in the butt
Kind of depends on where your office is. Basically, it's Queens, Brooklyn, Hoboken, or Jersey City. You need to check them out yourself to see what you like.
Brooklyn Heights is a pretty cool place to be, though more expensive. Have some friends who live in Astoria and it's not bad there I hear.
Thanks for all the suggestions so far.
Williamsburg is pretty close to Manhattan and has cute hipster chicks- if that is your bag.
New Jersey.
why not Spanish Harlem in Manhattan? It's cheap and has flava. Give Manhattan a chance!
People will actually believe you - don't do this.
Are you working for the city and required to live in the five boroughs? Are you trying to save money? You need to give us some more info about your situation.
what do you mean? I live in Spanish Harlem. It's quite nice and safe. What's the problem?
STATEN ISLAND!
But I guess if I couldn't live in Manhattan, I would want to live in Brooklyn.
Not to hijack, but how is Jackson Heights?
Great if you travel a lot. Literally 5 minutes from LaGuardia with car service, for a grand total of $10 tips included. Also only 20 min to Midtown on the E during rush hours--- I used to take the E from 53rd and Lex to Roosevelt Ave Jackson Height then get a car from there to the airport, by far the most efficient way to get from the office (in Midtown) to the airport.
Best Areas to Live in the City (Originally Posted: 12/04/2012)
Hey Monkeys,
I am moving to London to start my career in the world of banking but not being from there was wondering where is the best place to live for those starting out? Working in the city not at Canary wharf but have heard the best places are around London Bridge, South Bank areas? Is Clapham too far to commute because I've heard thats where most grads often live when moving to London.
The main things I'm looking for are a short commute to the city, safe/quiet areas, good tube access for weekends/evenings activites.
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