I'm deciding on Boston and New York for work at Big 4 Transaction Advisory. I eventually plan to transition into PE and would like some advice on which city to start my career. Obviously, New York is the financial Mecca. However, the cost of living would be outrageously expensive even when compared to Boston. Both offices pay about $75k. In addition, a higher-up at the firm told me that the Transaction Advisory group in Boston works a lot with PE firms in New York and has a much better office culture. So here are my questions:
- Do the better exit ops in New York outweigh the lower cost of living and better office culture in Boston?
- How possible is it to go from Transaction Advisory into PE? (from what I hear, Transaction Advisory works closely with PE)
Some context about myself: Currently at a top 10 Master of Accounting program (think UT, UVA, UNC, UMich) w/ recent Econ degree from a Target (Ivy), 3.7 GPA, Captain of D1 Sports Team.
Any input is appreciated.