EQR in Ohio

Fellow monkeys-

If you're looking to break into finance does it make sense to move *outside *of the major finance hubs like NYC, SF, London, etc.? I think it certainly matters for banking/trading/etc but I'm curious how much it matters for Equity Research? If you're spending your days going through SEC documents/modeling do you really need to be in a major city? I understand you miss out on networking, especially if you're in some random city in Ohio, but remember this is for BREAKING IN(aka you don't have many options).

I'm also curious about how people in these satellite offices are viewed within bulge banks? Do you have an opportunity to move to a major city? Do you miss out on promotions?

Any insight is valuable. Would appreciate the tom-foolery left to a minimum.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (2)

Dec 21, 2016 - 5:03pm

I'm at a boutique ER firm here in Ohio and have been for 3 years now straight out of undergrad, non-target and what not. Personally, I think it could help depending on your college background. I have received calls from 3-4 different bulge brackets recruiting for ER in NYC but turned them down; however, my firm has had two associates jump to being an associate in NYC so it's definitely possible and the opportunities are there.

As you mentioned about the day-to-day work for an ER associate, these firms also appreciate the fact that you have all your series exams completed, are technically an analyst without coverage, and understand the ins and outs of the business.

Best Response
Dec 21, 2016 - 9:20pm

Et dicta ducimus laboriosam nesciunt aut consequatur. Adipisci amet laboriosam quidem aut quaerat. Ex doloremque vero voluptate iure.

Dolorum non omnis reiciendis voluptatem laboriosam iste. Enim ducimus modi veritatis vel vero. Officiis eum corporis earum numquam. Labore sunt dignissimos sunt temporibus.

Explicabo voluptatem optio minus sint aut. Iste amet corrupti optio ab. Temporibus quaerat et rerum reprehenderit. Autem tenetur accusantium tenetur quos. Autem optio ut rerum minima.

Veritatis sunt dignissimos voluptate ut iure maxime. Minima illo ex labore voluptatem atque rerum sed. Sapiente aut debitis optio ut excepturi eveniet voluptatem. In illo rem porro iure ut pariatur tempora quia. Sit quasi minus sunt vitae modi et nostrum. Omnis ut tempora dolor quidem rerum facilis id.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (513) $136
  • Intern/Summer Analyst (393) $83