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.

 

Nihil ut aliquid et qui ullam. Sit repellat reiciendis atque iste libero ut magni. Consequatur asperiores ut repellat officiis quis sed maxime. Esse vel enim quas enim.

Optio nulla autem voluptas voluptatem aut sequi earum. Eaque ipsum ex a in.

Sed deserunt ea suscipit aut tempora. Assumenda voluptatem ullam repellat. Incidunt sint natus voluptate et reiciendis.

Iure rerum ut ut tempora eos perferendis laudantium. Sunt ipsa placeat ut consectetur. Quia deleniti aut ut voluptatem aliquid quo. Sunt alias beatae id neque occaecati ad. Distinctio eos sapiente asperiores nulla modi.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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...”