Best cities to start a career in as a young professional?

Of the major cities with decent amounts of finance/consulting jobs that people are interested in (think NYC, Boston, Dallas, Houston, Atlanta, SF, LA, etc) - which do you think are the best for someone in their early/mid 20s?

Also, guessing the biggest answer is going to be NYC -- what are the pros/cons of NYC versus a city like SF?

 
Most Helpful

Are you honestly considering that many cities? Or is this just for fun? If you are dead set on high finance like IB/PE, then being in one of those cities is pretty critical, otherwise, it's not.

I do think everyone should live/work in NYC or a similar HQ city at some point, but honestly, I don't think it is 'necessary' for a really successful career. If you factor COL, the marginal pay for the expensive cities is hardly worth it until decently mid-level/senior.

I spent a long-time in 'secondary' city before getting recruited to an NYC job. In all honestly, being the 'big fish in a small pond' accelerated my career. I don't think my story is the normal, but taking alternate routes can be very profitable.

So, I think cities like Nashville, Charlotte, Austin, Dallas, Houston, Denver, Miami, Tampa, Orlando, Philadelphia, Atlanta, Seattle, Salt Lake City, etc. all deserve some consideration. To be clear, not the same opportunities as in the NYC/Boston/SF/DC/LA set, but difference is not nearly as much as people make it out to be.

 

yeah that makes sense. I'm not actually considering all these cities - I'm mainly interested in the thought process and factors people consider when thinking about where to move after college.

 

NYC

from my first moment seeing the city in 2006, I knew I had to get there and by 2007 I was there and it was the best decision of my life.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Houston, Dallas, Atlanta, and Charlotte all have a major financial presence and are much more reasonable than SF, LA or NY.

 

It's Houston for me, but I was born and raised there and trying to move back when I can. It's just too good in terms of COL and things to do. It has a bit of everything. A lot of people complain about that size of the city and having to drive everywhere but I actually enjoy driving so it's a non-issue (probably has something to do with me growing up here). It actually feels weird living in my current city having everything somewhat close by. Anyway, want to be able to afford a nice car(s), house with a pool, vacations, dinners out, etc? Has great public schools so you aren't forced to send your kids private (unless you live in the city). Has a huge sports presence, great food/bar/nightlife scene, not far from Austin for weekend trips to the hill country. Close to Galveston, even though the beach is shitty, I am used to it and still nice to get out fishing or drunk on the beach (find the more private areas as the seawall is trash). Honestly the nicest and most down to earth people as well.

If.I were to move anywhere else in Texas it would easily be Austin though. Love it there as well but just not enough to settle there.

 

Et atque asperiores laudantium. Et perspiciatis voluptates repudiandae facilis quas.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”