Big 4 Transaction Services - How much does the city matter?

Hi everyone,

I have a question regarding Big 4 transaction services that I haven't seen asked on this forum. I'm currently a first year senior in a Big 4 due diligence group in Philadelphia. Before joining TS, I was in the financial services audit group, also in Philly. My girlfriend attends grad school in Philly and has one year left. She's from NYC and we would like to relocate there when she graduates.

While I'm sure my firm would transfer me, I'd like to leave my firm when we move. I have an eye towards internal due diligence groups at PE funds or middle office "financial operations analyst" type roles. Will my Philly work experience be a roadblock to me in terms of seeking out opportunities in NYC? My perception is that NY'ers in general tend to look down on Philly, and I'm a bit worried that my experience in this market won't be respected - thus hindering my eventual job search.

Tl;dr - I work in Big 4 Transaction Services in Philadelphia and will eventually be looking for exit opportunities in NYC. Will my experience be less respected because I've spent my early career outside of NYC?

 

Qui voluptates natus atque distinctio. Repudiandae ab voluptas et libero.

Dolorum maxime quod velit nobis. Vel voluptas quae et. Temporibus dicta repellendus consectetur cum quae voluptatem sit.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

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...”