DB S&T NYC vs Citi S&T HK summer analyst-- which to choose?

Any advice? I'm having a hard time choosing which. HK pays better, but I want to stay in NYC this summer. Are there major differences between going with one or the other if I want to break into IBD next year?

Thanks in advance everyone!

7 Comments
 

You're going to risk not being able to start in NYC for a couple thousand more dollars?

Seriously.

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
 
Best Response

You should take pay out of consideration since this is a summer position, not full time (I can't imagine it being a HUGE difference anyway) - and concentrate on where you want to be and which firm you like better. Since you want to do IBD anyway, and if you want to stay in NYC the choice is easy.

If you've never been to HK and think that could be interesting, you can try Citi. HK's a lot of fun - but if your long-term goal is NYC, it makes sense to be in NY - because you'll be able to network with DB and other IB bankers.

Oh also something to note - unless Citi is subsidizing your rent, rent is higher in HK vs. NY for the more key (re: close to financial district) neighborhoods like Central. HK's public transit is excellent, but it can be tough finding a reasonably priced place unless you live a bit further away.

 

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