WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (36)

Nov 5, 2014 - 10:53pm

I am a big fan of walking to work, but it is also important to be in good location or not to far from subway stop if you need to use for work. That said I would prefer east side in 30-55th street as you miss the tourist area of Time Square and Penn Station. That area can get you a two bedroom at 3k.

Nov 5, 2014 - 11:03pm

Also interested. Office in midtown east right on the 456 line.

Nov 5, 2014 - 11:41pm

SoHo, TriBeCa, Meatpacking, Chelsea. Get a studio or 1 bedroom for $3000 and make your owns bedrooms with Japanese rice paper walls.

AgainstAllOdds
Nov 6, 2014 - 10:41am

I dont know where you're going to find a 2bedroom for $3000 around Midtown... unless if its on the top floor of a building without an elevator, 5 blocks away from the subway. all depends what you're willing to give up (location, size, price, etc.)

Array
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Nov 6, 2014 - 1:50pm

I've noticed that there are savings to be had when rooming with one person as opposed to living with yourself - is the benefit gone when going from 2 people to 3 or 4? (for a commensurately larger space)

Nov 6, 2014 - 4:25pm

euroazn:

I've noticed that there are savings to be had when rooming with one person as opposed to living with yourself - is the benefit gone when going from 2 people to 3 or 4? (for a commensurately larger space)

better bang for buck with more people. True in almost all cases. Issue is now you got more potential issues etc

Nov 6, 2014 - 4:38pm

I'd say the sweet spot is 2, unless you're living with friends.

OP, how long of a commute would you be willing to have and what sort of scene are you looking for besides young? For example, Murray Hill and Bushwick are both popular among 20 somethings, but culturally are complete opposites. Check out "10 best NYC neighborhoods for recent college grads" on Brick Underground. A little ridiculous and isn't really geared towards people in finance, but it's a fun read and might help a little.

Nov 6, 2014 - 2:34pm

I know NYC is a place with high demand and low supply, but I've always found it crazy how shitty rent prices are there.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Best Response
Nov 6, 2014 - 4:43pm

Brooklyn is where its at bro.
Check out:

Williamsburg East
East Park Slope
West Bushwick
RAMBO (Right Around the Manhattan Bridge Overpass)
NoMad (North of Madison)
SoHa (South of Harlem)
SoCo (South of Columbia)
ProCro (Prospect Heights/Crown Heights)
BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens), or
GoCaGa (Gowanus/Carroll Gardens).

Nov 6, 2014 - 6:52pm

JustNumbers:

Brooklyn is where its at bro.

Check out:

Williamsburg East

East Park Slope

West Bushwick

RAMBO (Right Around the Manhattan Bridge Overpass)

NoMad (North of Madison)

SoHa (South of Harlem)

SoCo (South of Columbia)

ProCro (Prospect Heights/Crown Heights)

BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens), or

GoCaGa (Gowanus/Carroll Gardens).

LOL

Nov 6, 2014 - 8:36pm

JustNumbers:

Brooklyn is where its at bro.

Check out:

Williamsburg East

East Park Slope

West Bushwick

RAMBO (Right Around the Manhattan Bridge Overpass)

NoMad (North of Madison)

SoHa (South of Harlem)

SoCo (South of Columbia)

ProCro (Prospect Heights/Crown Heights)

BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens), or

GoCaGa (Gowanus/Carroll Gardens).


Fucking brooklyn

+1

Nov 6, 2014 - 8:57pm

h20:

JustNumbers:

Brooklyn is where its at bro.

Check out:

Williamsburg East

East Park Slope

West Bushwick

RAMBO (Right Around the Manhattan Bridge Overpass)

NoMad (North of Madison)

SoHa (South of Harlem)

SoCo (South of Columbia)

ProCro (Prospect Heights/Crown Heights)

BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens), or

GoCaGa (Gowanus/Carroll Gardens).

Fucking brooklyn

+1

Brooklyn is awesome but those toolish acronyms are not. And they're never going to happen.

Nov 7, 2014 - 9:35am

JustNumbers:

Brooklyn is where its at bro.

Check out:

Williamsburg East

East Park Slope

West Bushwick

RAMBO (Right Around the Manhattan Bridge Overpass)

NoMad (North of Madison)

SoHa (South of Harlem)

SoCo (South of Columbia)

ProCro (Prospect Heights/Crown Heights)

BoCoCa (Boerum Hill, Cobble Hill, Carroll Gardens), or

GoCaGa (Gowanus/Carroll Gardens).


Priceless...especially GoCaGa
"Now go get your f'n shinebox!"
Nov 6, 2014 - 5:03pm

For young post-college professionals, check out financial district, stuy town, murray hill, upper east side (east of lexington). I'm not a big fan of any of those areas, but on a modest budget you gotta make sacrifices. Given your office location, murray hill and UES will probably be your best bets.

Nov 7, 2014 - 2:59pm

the_stig:

Going Concern:

Anywhere in manhattan that's south of 42nd St and north of Chambers St

West Village is probably the most hip but it's super expensive

Chambers is accurate, but I'd say to keep it below 14th for an optimal NYC experience....

I don't necessarily disagree but it's good to balance fun and excitement with comfort and convenience. All things considered Murray Hill/Gramercy/Kips Bay are still decent options on a relative basis.

Nov 6, 2014 - 11:23pm

No such thing as a 2 bedroom for $3,000 lmao....

Midtown one bedrooms range from $3,300 - $3,800 (most around $3,600). Again that is a ONE bedroom that you would have to flex. Two bedrooms are in the $5,000+ range (flex and divide that by three).

If you want to be in Midtown in a decent building, expect to pay $1,600 - $1,900 per person. Also - rent prices in Manhattan are increasing substantially. Closed on a one bedroom recently for $3,550 with a roommate, but that same unit was $3,250 last year. Moral of the story is, NYC is getting crazy, and I would close on something in the off season (i.e. not May - July when everyone else is looking). You will have less options, but you will be able to lock in better prices.

Good luck.

Nov 6, 2014 - 11:55pm

Here are non-exhaustive list of 10 neighborhoods worth considering in NYC.

In MANHATTAN you can choose to live in:

MURRAY HILL
UPPER WEST SIDE - The rents are among some of the priciest in the city, but if you can swing it it's still a good bet because the proximity to Fordham and Columbia means there are also plenty of landlords who cater to grad students and recent college grads.
ALPHABET CITY

In BROOKLYN:

BUSHWICK
WILLIAMSBURG
GREENPOINT
GOWANUS - in here, apartment prices still better than what you'd find in Carroll Gardens or Park Slope, Gowanus also plenty of shops, restaurants and bars to satisfy every taste and budget.
PROSPECT HEIGHTS

Nov 7, 2014 - 2:15am

I Am Groot:

How much can a first year ibd analyst afford to pay for housing

I dunno -- don't think that question has ever been answered here before and there are no calculators for that online, either. And I also assume you have no friends or acquaintances with whom you can discuss that. It's really anyone's best guess.

Nov 7, 2014 - 11:03am

mrb87:

I Am Groot:

How much can a first year ibd analyst afford to pay for housing

I dunno -- don't think that question has ever been answered here before and there are no calculators for that online, either. And I also assume you have no friends or acquaintances with whom you can discuss that. It's really anyone's best guess.

Hoping this is sarcasm.

Typical unwritten rule [Salary / 40 = Monthly Rent]

$3000/2 bedrooms, probably going to have to live in either a closet, way uptown (Harlem), or not Manhattan

If you are in the front office, spending $1500 is stupid. Up your budget to at least $2000.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
Nov 7, 2014 - 12:49pm

Tough budget. You will have to sacrifice something. Some of the responses here are hilarious, some intentionally so, some not. People just don't get it.

LIC will be an easy commute if you work close to the 7 (via Grand Central) or NQ (via 59/Lex), the places are nice but the neighborhoods are cultural wastelands. You won't have fun, they are more for older couples with dogs that like to stay at home.

If it were up to me, I would do LES but it will be a tougher commute (F to 6 with transfer at Broadway-Lafayette/Bleecker). A worthy sacrifice, especially if your hours will be decent. You won't get any of the really good blocks for that budget, but the LES is huge, rents get lower as you go southeast.

You might be able to swing the East Village if you get really lucky (or stretch your budget). Expect to get a tiny apartment. Would be the ideal combination of easy transit and a fun place to live.

Alphabet City is underrated and awesome but transit will be very difficult. If you can find a place by 1st Ave or 3rd Ave on the L, could be decent.

Murray Hill would be easy but I don't need to explain why you shouldn't live there. UES will be affordable, but boring. West Side will be a tough commute and likely not your kind of crowd. Financial District is awful. Williamsburg is more expensive now than many places in Manhattan (except for the Eastern parts off the JMZ) and Bushwick is too far. Also probably not your type of crowd.

Nov 11, 2014 - 6:49pm

LIC has the most happening among those neighborhoods, and is 1 subway stop from Grand Central which is awesome, but expect to pay similar rents to manhattan.

Astoria is a pretty cool neighborhood that's becoming much more popular among people in their 20's now that LIC is really pricey. That's changing quickly, but Queens still has a lot better value than BK depending on what you're looking for. Definitely not as popular, but nicer as far as convenience, safety, cleanliness etc compared to far out Bushwick/Bed Sty which have similar rents. Part of the reason is that Astoria was never really a poor or dangerous neighborhood compared to those being gentrified in Brooklyn. About 25 min to midtown if you live near the subway which isn't bad either.

Uptown by Columbia is nice, but pretty quiet and a tougher commute to grand central.

Nov 11, 2014 - 3:28pm

I pay $1,350 a month and live in a 3 BR in Hell's Kitchen. I have a small bedroom but a huge apartment and I can walk to work. If you want to pay $1,500 look at Hell's Kitchen, Harlem, Alphabet city or brooklyn/queens. Great deals

Start Discussion

Total Avg Compensation

May 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (194) $234
  • 2nd Year Analyst (110) $151
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (404) $131
  • Intern/Summer Analyst (329) $82