Downgrade Firms to Move to NY?
I currently hold a return at a decent, but by no means top tier, SF shop, but I really hoped to start my career out in New York. How dumb would it be to recruit for arguably lower tier shops to make the move to NY?
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Honestly depends how bad you want NYC. As someone who is based out of NY, I know the idea of NY being the epicenter of finance. With that said, SF is super famous for finance as well and if you're interested in VC you're probably way better off in SF.
NY is awesome and if you really want to start a career here, then try to recruit for other shops, but remember that it's going to be stressful and take a lot of effort. Make sure you're up for that.
No way to answer this question w/o context (how big would the downgrade be, where are your friends, what are your long term interests in terms of industry/exits etc)
Not an uncommon move to go from NY to SF or vice versa, but just need to make sure you wouldn't be sacrificing career to move (ie moving to a lev fin group at a lower BB in NY if your true interest is tech growth)
That makes no sense. NYC is a shell of itself, and it will probably take at least a year for it to become what it once was. Everyone is trying to get away from the city.
I would stay in SF and take your time in applying for roles. No reason to be rushing and sacrificing your career to live in NYC, especially in this environment, and when you're in a city like SF.
I can answer any questions you have about NYC if you pm me.
“NYC is a shell of itself” thats a bit dramatic
If you disagree on the fact that there are more crazy people walking around, less things to do as everything is closed( with exception to eating out at restaurants), then you have to tell me where you're getting your weed from.
The world is a shell of itself, so you aren't really making a point
The people who talk down about nyc are almost always the ones who aren’t even from nyc... classic non-East coast expats.
Being from NJ or Long Island doesn't count as NYC, sorry buddy
I assume your SF bank has an NYC office (nearly every bank does)? If so, why not do 6 months to a year there then just lateral internally to NYC. I know people at various banks that have done that with no issues. Given the pandemic, who knows when NYC will return to normal, so I’d say it’s worth spending some time in SF if it means a better bank.
i think worth it 100%
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