Best place outside of NY for finance?

srspec's picture
Rank: Monkey | banana points 59

Most people agree that NY is the financial hub of the world, but what is the second best? I'm an American expat who grew up overseas and want to work overseas again at some point. I wanna hear everyones opinion and why. All countries are fair game.

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Comments (39)

Apr 20, 2018

London, Tokyo, in that order. Then, its probably Paris and Hong Kong/Shanghai/Beijing/Singapore. Not entirely sure where Dubai sits. If you're thinking Central/South America: Sao Paulo and Mexico City. If you're thinking Africa: Johannesburg and Lagos.

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Best Response
Apr 20, 2018

London is the obvious tie with NY.

HK is also a shout but quite heavily markets and capital markets. Same for Singapore.

Tokyo, Paris, Munich/Frankfurt and Toronto also have solid banking activity.

There's also Geneva/Zurich for private banking and commodities firms, Amsterdam and Dublin for prop shops. Sydney/Melbourne and Johannesburg has some banking activity as well.

Not sure about emerging markets or the middle east/rest of africa/south america.

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Apr 20, 2018

Do you know where in Munich the business happens? I was there a few weeks ago and I'm walking around thinking, "There is not a single even moderately tall building here and I haven't seen one suit in 3 days." Then we went up to the Olympia Park observation tower (highly recommended - it's like $5 and a great view!) and I looked over all of Munich and confirmed they have no tall buildings. Couldn't make out any suits from up there either.

heister:

Look at all these wannabe richies hating on an expensive salad.

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Apr 21, 2018

Ahaha good point.. I think though that it is nice to preserve a more 'traditional' city picture

As for your question most PE firms in Munich are on the Maximilianstrasse / Odeonsplatz and the area close by. Very nice central location in (often) historic buildings

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Apr 27, 2018

The only suits I saw were from BMW corporate. Fantastic tour of the factory and showroom

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Apr 20, 2018

Europeans are flooding Frankfurt post-Brexit
Edit: We went to dinner with a German couple who had just rented a new apartment (they call them flats - how cute!). They told us how they had gone to an open house for a rental in central Frankfurt and over 50 people came through in the half hour they were there.

As an aside, their apartment was on like the fourth floor and we walk past a door on the third floor on the way up that has some salon name written on it. I'm like, "What is that, a gym?" The chick was like, "No... that is where you can go and get... how do you say... a handjob." They've got interesting zoning over there.

heister:

Look at all these wannabe richies hating on an expensive salad.

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Apr 21, 2018

Hilarious.

Apr 20, 2018

Menlo Park, California

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Apr 21, 2018

I would actually put London, Tokyo, and Hong Kong in roughly the same position as NY or maybe just very slightly lower.

Next comes Shanghai, Singapore, Toronto, Paris and Frankfurt.

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Apr 21, 2018

All great suggestions from users above but language will be a major gating item to work in any of these financial centers (with obvious exception being London). For example in HK if you don't speak Mandarin, the chances of you landing a gig at a bank are slim to none unless you join a specialized group where language won't be an issue.

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Apr 21, 2018
WanderingWanchai:

For example in HK if you don't speak Mandarin, the chances of you landing a gig at a bank are slim to none unless you join a specialized group where language won't be an issue.

Mainland China speaks Mandarin. Hong Kong speaks English and Cantonese.

"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

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Apr 20, 2018

HK serves as a gateway to the mainland in terms of finance. OP is correct.

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Apr 21, 2018

Response to Isaiah_53_5

You sir are an idiot and have obviously never worked or even been to Hong Kong.

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Apr 21, 2018

Well, according to the GFCI is:
1. London
2. NYC
3. HK
4. Singapore
5. Tokyo
6. Shanghai
7. Toronto
8. San Francisco
9. Sydney
10. Boston

https://en.wikipedia.org/wiki/Global_Financial_Cen...

Apr 21, 2018

Surprised with the Cayman Islands on that list at 22? I always thought it was just a tax having with no 'real' activity there. I can imagine the weather and lifestyle there puts it quite high on the list.

Apr 21, 2018

Yh lad could be. From my pov I thought Chicago way higher, while SF lower.. Mmm

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Apr 22, 2018

Very surprised Houston didn't make the list, especially since Calgary is on there. If we're talking energy, Houston has to at least outrank Calgary, no? And not that I have anything against Almaty, Kazakhstan, but if you're going to list them and not Houston...I mean come on man.

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Apr 21, 2018

Surprised as well, I mean no Houston or Dallas FW in the US and no Perth in Australia where both are bigger commodities/energy financial centre in the world.
Same, surprised that in EU Milan comes only at the very end of the ranking..

Apr 22, 2018

I too agree that it's strange that places like Houston and Dallas didn't make the list. I suspect that it may be because they are more focused or oriented towards a specific industry then some of the other top cities. It would be interesting to read through the criteria that they used to make these rankings.

Apr 22, 2018

Chicago.

"Work ethic, work ethic" - Vince Vaughn
Apr 23, 2018

In the U.S. I'd rank them
1. NYC
2. Chicago
3. San Francisco

I don't know enough about Boston or LA to rank them somewhere. I'd also throw out Charlotte as a major financial hub. Most other places mainly seem to be industry driven (Houston-Energy, Nashville-Healthcare etc.) or primarily regional.

Apr 21, 2018

Isn't Dallas growing more than Houston nowadays in terms of banking/funds and so on? Ain't he?

Apr 21, 2018
Real Marcus Halberstram:

Isn't Dallas growing more than Houston nowadays in terms of banking/funds and so on? Ain't he?

I passed through Houston airport today and saw this gem:

HW Bush 'Winds of Change'

hahaha amazing

https://i0.wp.com/www.sandinmybag.com/wp-content/uploads/2015/08/WP_20150812_002.jpg?w=2448

"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

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Apr 25, 2018

Hoping for hedge life.

Apr 27, 2018

Anyone have the inside scoop on the finance scene in the Bahamas?

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Apr 27, 2018

I've worked in both Paris and Toronto.
- Toronto is a small sized NYC, salaries are good and major international companies are here.
- Paris, also prestigious companies, sometimes the corporate culture can be a bit too old-school (speaking for major French banks, SG, Credit Agricole, BNP...)