thebrofessor:
weather: not NYC everything else: NYC

For weather: NYC Everything else: NYC

Even when it’s chilly in NYC it’s just like oh I’ll sport my new full coat and trot around in the snow and take some cool photos.

If it’s too hot in the summer it’s beach or pool time.

"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
 

Probably doesn’t make the short stack for best exit opportunities, but my friends seem to love Charlotte as far as quality of life (good pay, not as tough on taxes, great weather, good hours)

 
Controversial

ATL?

Not a chance.

High amounts of traffic (worst in the country), crazy bible thumpers everywhere, culture as a whole is very ghetto/ratchet, people are rude, and the humid summers are no joke.

 

You pretty much have to be multi-generational here to succeed. Everyone went to the same grade schools and high schools, as the public schools were shit. No one cares about educational pedigree other than UofA and USC. USC=Harvard here.

There is zero banking other than massive back offices. Commercial real estate brokerage and development is really the pinnacle here. A lot of funance here is handled in LA and Newport Beach.

The weather is absolutely amazing though. Compensation relative to COL is top tier competitive. White collar work shuts down in the summer, and everyone that matters goes to San Diego or Newport Beach for a couple months. The girls are LA hot but incredibly stupid. Bars are solid. Restaurants are mediocre.

Source: 6th generation, LAC in NE, commercial real estate finance/development.

 

Taxes are high, but there are ways to go around that at the senior level (partner structure, c. 30% flat tax). The way I see it, COL tend to be exaggerated. It's expensive, but still not NY/London/Zurich-level when factoring in real estate/rent.

I don't know... Yeah. Almost definitely yes.
 

I would say Copenhagen > Stockholm > Oslo. I like all three, but I guess being Scandinavian makes you biased. It's quite a lot smaller than the other two, but it's the only one with proper skiing facilities nearby if you're into that.

I don't know... Yeah. Almost definitely yes.
 

Last time in SF, I heard a homeless guy shouting at the voices in his head. “Fuck you, fuck you, leave me alone, fuck you, I have a three foot dick!” and then he pulls it out (more like three inches lmao) and starts urinating on the street. I mean if that isn’t the American dream right there, what is?

 

Don't forget that you can see all of that while walking out to drop your tax check in the mail too! I'd rather owe money to the mob than the CA Franchise Tax Board.

 

I'll speak for the cities I've lived at... NYC too crowded, obvious. Expensive and sucks during winter. Rats everywhere and the subway smells like piss and never comes on time and morning/afternoon traffic absolutely sucks. A great city to visit, not so much to live in. Philadelphia is great, less crowded, traffic isn't as bad. People are nicer and not as expensive at NYC. Not an ideal place for finance unless you want to be in boutiques. Definitely a better place to meet and socialize and won't be look at like another number relative to NYC. Transportation via car sucks but not as a bad NYC but the traffic laws are ridiculous, probably worse than NYC from my own personal experience. Also there are medium amount of finance jobs, there is blackrock, vanguard, asset managers but again, not much in comparison to NYC but I'd put it in between NYC and Pittsburgh. My favorite city was Pittsburgh. Downside, not a lot of finance jobs except BNY Mellon and a few boutiques. City is absolutely gorgeous and clean, people are friendly and cost of living is relatively low. Has a great social life. Downside, you need a car to even get anywhere. View is amazing from the mountain top with good amount of people running and socializing and you never feel alone.

 

Philly and Pittsburgh are both underrated and continue to improve drastically over the past 10 years. As you mentioned it’s harder to find a good job and you’ll likely end up working at a boutique and taking a 20%+ pay cut vs NYC but the COL is so much lower and the overall culture has much more emphasis on work life balance. It’s refeshing that 0 conversations in these cities start with “so what do you do? / where do you work?”.

ETA: I've only lived in the northeast/mid-atlantic

 

Pittsburgh's a cool tertiary city, don't get me wrong, but it's hardly the "best city for overall quality of life" - especially in a finance sense.

"Downtown" is not a 24 hour, or even 18 hour, destination and it is incredibly small. The winters are worse than NYC. "Yinzers" are derided for a reason. The traffic is bad for a city of that size due to the bridges, tunnels, and poor street planning.

I could make a whole post about the positives, too, don't get me wrong, but it's a weird choice for tertiary cities when places like Nashville and Charlotte exist.

Commercial Real Estate Developer
 

Depends on your definition of "nice". Philly people can be obnoxious, but in a different kind of way than New York. There's still the east coast gruffness, but the snobbery is much more toned down.

I'll put it this way: Philly is cool if you're cool. If you're a douchebag, you won't like Philly, and Philly probably won't like you either. By all means, if you're not too concerned about glamour and can find a decent job in Philly, take the job. There's less bullshit to deal with, and by age 40 you'll have much more cash in your pocket than if you went the same route in New York.

(disclosure: I'm a Philly native, paying rent in hellhole New York, trying to get back to Philly)

 

I wholeheartedly disagree with most of your points about Philly.

Cons: -Everyone is a huge asshole -Insanely grimey -The worst sports fans on the planet -Shitty public transportation -High levels of crime (though I guess this is only in certain areas, but bad neighborhoods are super close to Center City)

Pros: -Relatively cheap real estate, esp. rent -Great dining scene imo, and very affordable -Quickly gentrifying parts of north Philly (debatably a good thing)

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

FWIW, I grew up in NYC and live there now, went to school in Philly and have been back 3-4 times a year since then to visit friends. Was out last night with 5 college friends, and we all talked about if we could get everyone jobs in Philly we'd move back in a heartbeat. The city is amazing - easy to get around (although public transport isn't good the ubers are dirt cheap and most of center city/near north/south philly is walkable), great food & bars, super affordable. It's also getting a lot nicer in North Philly at a very rapid pace (good thing IMO). The only big downside as I see it is being a single man - the women in Philadelphia just aren't even in the same ballpark as NYC. It's not even close. My single friends and I joke that the minute we get married we're all moving to Philly.

 
Bismarck:
Melbourne

Melbourne is cool. My mom was born there and I went there last year. Nice beach break (Bells Beach an hour and change, good casino (Crown). I like it.

"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
 
Most Helpful

these threads always come up every so often, and they're usually from undergrads who don't have complete control over where they're going to live. if you have a choice between 3 offers, just say it.

if you have the opportunity to live anywhere, you probably have a lot of money and a flexible career, so I would diversify across the US (assuming you didn't want to go abroad)

Spring: SoCal Summer: Chicago Fall: NYC Winter: Miami

if there was a perfect city, everyone would live there, but I have yet to find someone with the resources to live anywhere who only lives in one place.

 

Recent college grads should also, unless they have multiple options in great cities (in which case, good on you), focus less on the location the first few years and on the experience you will have on the job. You are the primary determinant of your social life and activities outside of work - it's what you make of it. Sure - prestige is a thing and NYC is great when you are just out of college. Also awesome? Being able to buy a house by 30 wherever you want, working in a lower COL city.

As long as you are working, and you are in finance in a more traditional career (i.e. not some super powered, algo trading quant who can make money from the beaches in aruba or something) you will end up in the same few major cities of NY, Chicago, Boston, Charlotte, etc. or some specific cities depending on who you work for like Baltimore (T.Rowe), Philly (Vanguard, SEI, etc.), Pittsburgh (Mellon), Nashville (some of the southern regionals) you get my drift. Maybe even in Denver or Salt Lake nowadays (which, by the way, don't sleep on these options - i would have killed to come out of college and work in salt lake with the skiing and a delta hub).

 

Addinator couldn't agree more. just take the best job and then build your career so you can choose your location.

InVinoVeritas you make a very strong point, St Pete/Sarasota/Tampa are gorgeous. I just started going the past couple of years after sticking to east florida, I think quality of life if you have a family, absolutely, but I'm not so sure on career. plus, if I'm only living there part time, I love the riff raff Miami presents, and in terms of it becoming brazil...well from an optical standpoint (women), bring it on

 

Charlotte, NC

Lower COL, great weather, close to mountains and beaches, lots to do. While it doesn't have the finance opportunities that NYC does, you still benefit from banking opportunities such as BoA, WFC, Regions, BB&T/SunTrust, Jeffries, and other boutiques. There's also Barings and Nuveen for asset management.

 

Dallas is a great city for job opportunities (#1 in country right now in job growth), COL, and raising a family. A big downside is complete lack of nature and weather (1/3 of the year is miserably hot).

Houston is similar to Dallas in many ways but a worse job market, better nature (city is taking massive steps to improve bayou and other large-scale park projects), and higher humidity.

West Austin is an amazing QOL if you can afford it. COL there is skyrocketing as CA socialists descend upon the area like locusts. Homeless everywhere downtown, rampant drug use - they will turn that city into San Francisco if they can help it.

If you can deal with the state politics, San Diego seems like a wonderful place to live from my travels there.

 
InVinoVeritas:
Dallas is a great city for job opportunities (#1 in country right now in job growth), COL, and raising a family. A big downside is complete lack of nature and weather (1/3 of the year is miserably hot).

Houston is similar to Dallas in many ways but a worse job market, better nature (city is taking massive steps to improve bayou and other large-scale park projects), and higher humidity.

West Austin is an amazing QOL if you can afford it. COL there is skyrocketing as CA socialists descend upon the area like locusts. Homeless everywhere downtown, rampant drug use - they will turn that city into San Francisco if they can help it.

If you can deal with the state politics, San Diego seems like a wonderful place to live from my travels there.

Interesting that you mention the homeless. Recently went to Austin for the first time after hearing how up and coming it was...what I found was a nearly vacant (the weather might have had something to do with this) and comparatively small downtown area with every third person being homeless. Don't get me wrong I see why people move there (I think), but I have never seen so many homeless people in my life and I grew up in the Bay Area and frequent NYC often.

Also, COL is all relative. Austin is not nearly as expensive as I had pictured after hearing how much housing prices are increasing.

 

I'll throw out a curve ball here. While I haven't worked in Tokyo before, I did spend a little over a month there a while back, and it was an incredible city. It took all the best parts of NYC-the nightlife, people, endless opportunities, etc.-and put them into an astoundingly clean and well-running locale. You never have to worry about transportation (like, holy shit those jokes about train conductors committing suicide if they arrive a minute late aren't jokes) and in downtown especially (i.e. Ginza District) there are always things to do. I've heard that the work/life balance there for Japanese professionals can be extreme, but know a few U.S. expats working there for U.S. companies and they have nothing but praise.

Also, if you want Wild West style freedom, go south. Mexico City, San Jose, Bogota, Buenos Aires. They might not have the range of jobs found in more mature economies, but if you want somewhere to make a fortune and have a blast doing so, those are the places.

 

It's actually quite easy apparently. All the expats I know say that being American is like a novelty there, and once girls realize you're there to stay a while you immediately become even more attractive. I guess its something to do with an assumed level of income that Americans usually have there.

 

In the US, it's probably one of the midwest/southwest cities. Maybe a few mid-atlantics sprinkled in. I'm sure a decent case could be made for any of the following

Charlotte Nashville Raleigh Atlanta Philly Baltimore(Strike this from the record) Denver Salt Lake Phoenix Pittsburgh Chicago

Probably a few more I'm not thinking of. All have major universities, sports teams

 

I live in one of the southeast cities you mention, and I would agree, quality of life, cost of living, job opps in general are fantastic. however, if your end goal is a big buyside, consulting, or IB shop, this ain't it homie.

if banking/buyside isn't the end goal, you can make a fantastic career though. I love where I live, not just the city itself is great but its proximity to everything I can't get locally is great as well.

 

Haha people used to say the same thing about Philly and 10 years later people are calling it another borough of New York.

I haven't spent a ton of time in Baltimore, but its cheap, close to DC, Inner Harbor is nice, major sports teams, low COL, over 500k people.

I agree, it's probably one of the weaker ones on the list, but I'm sure a Baltimore fanatic could make a case.

 

Once again, can speak for Atlanta, the place is a dump. Traffic is among the worst in the country, people in general are hostile (its loaded with bitter Yankees from New Jersey and the Rust Belt, so much for southern hospitality), public transit is a nightmare, and culture is a mix of trashy rap music and trailer trash.

Women as a whole are not that attractive for those of you who are single guys and a lot of the dating scene runs through very tight-knit social cliques resembling a small town, it's either church cliques or former southern Greek Life cliques.

The film industry is also making the place into a poor man's LA, as if Los Angeles was that great itself.

Seriously, avoid Atlanta, the city is a dump.

 
Postgradwonderer:
Once again, can speak for Atlanta, the place is a dump. Traffic is among the worst in the country, people in general are hostile (its loaded with bitter Yankees from New Jersey and the Rust Belt, so much for southern hospitality), public transit is a nightmare, and culture is a mix of trashy rap music and trailer trash.

Women as a whole are not that attractive for those of you who are single guys and a lot of the dating scene runs through very tight-knit social cliques resembling a small town, it's either church cliques or former southern Greek Life cliques.

The film industry is also making the place into a poor man's LA, as if Los Angeles was that great itself.

Seriously, avoid Atlanta, the city is a dump.

This is horseshit.

In order:

  • Atlanta isn't a dump.

  • Traffic is only bad if you live in a suburb an hour outside of the city and commute in every day.

  • As someone from the northeast, the people are absurdly nice

  • Public transit does suck. I'll give you that. Still, you can say that about 99% of American cities.

  • There are not trailer trash in Atlanta and "rap music" isn't a culture. There are a wide variety of cultures in the city, both high brow and low brow, just like any city.

  • There are outrageously attractive women in Atlanta, although I wouldn't put it on LA's level or anything. Still, nothing wrong with tan sorority girls.

  • Finally, while the film industry has done a lot for the economy, it has not dramatically changed Atlanta's culture in any way.

Commercial Real Estate Developer
 

Your list is decent. I'd only add that Phoenix is just too damn hot. I get the appeal, but it's too extreme.

Also, OKC is a very odd choice. It's not even the top city in OK. Tulsa is a MUCH better place to live if you're going to live in OK.

Dallas really appeals to me. I'm settled in another city now, but if I every have to relocate (which is likely), I'll push for Chicago (home) or Dallas.

twitter: @CorpFin_Guy
 

Milwaukee, similarly to Chicago, is actually very nice in the summer...but I feel like the social scene revolves heavily around drinking. If you can make $200k+ in Milwaukee though you can live very, very well.

 

I wouldn't call it the "best" by any stretch but I'll always say Philly is highly underrated. COL is great, food is excellent, always something to do, major airport (AA hub), great location close to NY/DC/mountains/beaches etc.

Cons: finance scene is tiny for being the 6th biggest city in the country though. City is not business-friendly at all and local politics absolutely blow.

 

Dallas no question.

Don't even know where to start so I'll just laundry list the highlights:

Foodie's paradise (#1 rated food city), low COL, no state income tax, incredible roads, somewhat diverse (kind of spread out, though), best strip clubs in the US, super convenient international airport hub, plentiful parking, above average nightlife, great museums and landmarks, excellent sports scene, terrific jobs growth, fantastic public university system (2nd wealthiest endowment in the country), great public schools, decent weather (brutal summers, though), easy to navigate.

I'm a recovering New Yorker and have been here ~4 years now and the best part about it has been the constant new discoveries -just last month I did one of those virtual reality experiences in a studio built to make it immersive (when you get behind cover during a firefight, you're really behind something made to look like urban terrain; damn cool). I'm going to set up roots here for sure.

 

Don't worry I'm a hardcore Libertarian.

Houston is too hot. Can't deal with it.

Lots of VR studios in the DFW area, but the one I tried was called The Void over at the Cinemark in Plano. $30 for 20 minutes, and you're dropped in the middle of a gaming scenario. They had Star Wars running, but switch it up occasionally. Most immersive experience I've had w/ VR: you feel heat, rain, bullets, and interact w/ objects and terrain, etc. and everyone on your team actually looks and moves like their avatars. Really fooled my brain.

 

TheGrind InVinoVeritas

I visted Dallas a few years back for the ULI Fall Meeting and loved it. Ate the best brisket I've ever had in my life at this place that serves it on butcher paper that I can never remember the name of (also ate some cow nuts or something too at the Rustic - weird), toured Trammell Crow's Old Parkland campus, toured the Cowboy's practice facility, checked out the W. museum, and toured some Forrest City deal in Uptown. It was a blast.

Commercial Real Estate Developer
 

Greater LA area here. mind-blown that no one has mentioned LA or Denver.

LA finance is way more chilled out than NYC, but there are players here that are just as big if not bigger.

Word I've heard from my boss when working later. Hey its Friday night and getting late you should get out of here there are good waves to catch tomorrow....Please someone convince me to move somewhere else.

 

LA is great if you live and work in the beach cities, but if you have a long commute or were living somewhere not by the beach then I think you are missing the point of living in LA. In terms of job opportunities there is way more finance and tech than people think.

Also you can easily get to a ton of places for weekend trips- Denver, Salt Lake (actually a pretty good city for finance), Phoenix/Scottsdale (there is some serious talent there), Vegas, and outside of SF all the other parts of CA are awesome (San Diego, Newport, Santa Barbara, Palm Springs, Napa, Tahoe, Mammoth, Carmel, Big Sur, SLO, etc).

 

Chicago's weather really isn't that much worse than Toronto's, which is by most measures a city very comparable to New York as well.

To my knowledge, Montreal, Detroit, Cleveland, Buffalo, Milwaukee, and Minneapolis all have weather similar to Chicago's, but for some reason Chicago gets singled out.

"Work ethic, work ethic" - Vince Vaughn
 
SSJ_Trunks:
I was going to say Toronto until I saw you mention weather...

Toronto is a chill little city. I like it - have eaten at a bunch of cool/random places there.

"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
 

I was about to comment this. I love boston cus I grew up here and its my home (been here my whole life) but the quality of life here is surprisingly bad. Lets just cover some of the basics: worst rush hour traffic in the country, quite possibly the most unreliable public transportation in the country, cost of living anywhere except for the worst neighborhoods in the city itself if astronomically high (not NY/SF, but still really high), the weather (snow and freezing winters, humid ass summers, and rain like all the time), nightlife and fun stuff could really use improvement (not bad but should be better), no parking anywhere, state is literally being crippled by opioid problems (really sad), etc.

And when you go outside of Boston, it gets even dumber. A lot of the surrounding towns/cities are in such a budget deficit that certain public works projects just get half completed and left idled for years. A lot of cities that surround Boston have abysmal public school systems so raising a family in the only marginally convenient locations is a no unless you wanna send the kids to boarding school or Phillips. Also, Boston itself feels isolated in the state itself. As soon as you head west, you hit some of the most depressing places you can imagine. NH isn't particularly great to the north, Vermont is meh unless you like woods and maple syrup, nobody knows whats in rhode island, and upstate NY and western MA just kinda blend into this empty space. Literally MA is doing a thing where they will pay people to move to the Western part of the state, but you couldn't pay me enough.

At least we have sports. I grew up here and saw all of this stupidity for years. I'm allowed to complain.

Dayman?
 
BörseBulldog:
I figure most of these will be american cities so I'll hit you with some euro dark horses:
  • Zurich

  • Berlin

  • Munich

  • Frankfurt

  • Stockholm

Stockholm is cool.

I’ve wanted to go to Zürich and in fact had a ticket to go there, but my ex stopped me at the Philadelphia airport.

"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
 

These are all good euro cities, but COL disqualifies a bunch of these.

Zurich is crazy expensive and so is Stockholm( a little less crazy, but still pricey). Cities are clean and safe, but that comes at a massive price. Weather is also pretty brutal during the winters.

Haven't spent much time in Frankfurt, but was always under the impression it was very much a dull business city, but I've heard that's changed.

Munich is a lot of fun, don't know much about the business side of the city

I'm a Berlin hater so I won't even comment on that.

 

Can't speak for Germany but have spent extended time in Zurich. Food scene is almost non-existent. There are a few "decent" spots but overall, in terms of choice, quality and value for money, the city is way behind many other financial centres. There's probably one spot in town for certain cuisines and it's not even that great. Swiss food itself is also quite dreadful.

"A guy gets on the MTA here in L.A. and dies. Think anybody'll notice?" - Vincent
 

Any thoughts on Sacramento? It's been a while since I've been there (mid-2000s) but I do remember liking it. It felt like a more toned down version of the bigger cities in California. Kind of the best of both worlds: good weather, west coast feel, and a cosmopolitan atmosphere (e.g. decent nightlife) but without the traffic, homelessness, pollution, etc.

Biggest downside is the lack of careers for wall-street types. It's also got a higher COL relatively speaking (though nothing as bad as nearby SF)

 

For Europe, I like the Nordic capitols. Oslo, Copenhagen, Stockholm. The COL is roughly the same, but you're also literally 2 hours from any major city in Europe.

Very, very low crime. Everything is clean. There's enough happening that you won't get too bored - and if you do - well, just jump a plane.

Traffic can suck, but it's not anything like "real" metropolitan traffic.

 

I've lived in them and while they're awesome to live in, they're all really expensive and the weather is pretty bad. Girls are all really attractive though and they like americans so that probably offsets

If I could find a job that could pay me well (after the high taxes) then these would be great.

Better yet, I'd marry into a weathly Swedish family and just coast. Summers are incredible.

 

Obviously weather doesn’t matter because you should be at your desk waiting for someone to give you more work.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 

Surprised nobody has said DC. Weather isn't a positive or negative, overall relatively mild all things considered. With Amazon moving in will be the new tech capital of the east coast. Very safe and clean with tons of things to do. Everyone always says there are no attractive females but I think that couldn't be further from the truth. Metro system in continually getting better and the whole DMV area is exploding lately, always fun things to do.

 

What's the COL and QOL like in Miami? Only visited twice. Could potentially transition there in the future (or do a stint) to be closer to South America, and can't say I'm too excited about some of the salaries I've seen in exploratory discussions.

 

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Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

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