Hi, first post on here.
When applying to a firm, if you choose a specific location (LA, San Francisco, NY, etc), are you only competing with people that also applied to that same city? In addition, do applicants ever get considered for a location other than the one that they applied to? Or is this firm-specific?
| +119 | Is my life over after not getting GS? | 28 | 1h | |
| +70 | Best IB group on the Street | 33 | 47s | |
| +65 | Thoughts and tips on how to speak like an investment banker. | 25 | 16h | |
| +58 | BIG FOUR ARE PARADISE | 15 | 16h | |
| +48 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 10h | |
| +36 | UBS Outlook | 28 | 1d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 15h | |
| +29 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 1h | |
| +28 | BEING WHITEGIRL IS PARADISE | 10 | 33s |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
NYC BB here.
0 interaction with other offices when it comes to recruiting, west coast runs itself but YMMV
Damn, I had no idea.
So, I guess it just comes down to asking the office itself, huh? If we assume that office's don't interact with each other, then would it be reasonable to assume that you have better chances at landing a SA position by applying to the less sought-after cities? I'm assuming NYC has the largest applicant pool, and maybe LA has a smaller pool applying to that location, generally?
The California recruiting teams typically look for ties to the area. If you don't go to college on the west coast/grew up in California, it's hard to land a job there. There's a smaller pool of applicants, but also way fewer spots. Same goes for Chicago and Houston I'd imagine.
Spot on, regional offices know people will try to avoid competition and you'll get a lot of scrutiny if you don't go to school in or aren't from the area. I'm interning in a bank's non-main office and most of my interviewers asked why I wanted to be in that city.
So, I'm from Washington. What you're saying is that offices on the West coast wouldn't raise an eyebrow, but offices in NY or Chicago would ask a question unless I had a contact in the office? Can't offices in NY assume that everyone is flocking there?
I'd like to put this all in the context of a summer intern position.
Depends where you go to school, but yes. Most of the junior staff interviewing you will be 1. from California colleges (most common), 2. California born and raised but went to college elsewhere, or 3. No specific LA/SF connections but target school and really pushed for California for whatever reason (least common). I went to a California school briefly, and 90% of analysts were one of those three.
NYC doesn't care as most don't have previous ties there anyway. Much larger groups in NY and more diversity of schools than regional offices
NY is an exception since it's obvious why anyone interested in finance would want to be there.
In the example of Chicago though, if you don't go to school in the Midwest the first thing you'll be asked is why you want to be there.
I appreciate the help man. Thank you
Aut et dolores quae sed. A quia assumenda similique expedita a. Culpa deleniti autem reiciendis fuga et autem. Vitae voluptatibus itaque eos magnam reprehenderit. Et rem assumenda cum iusto qui.
Et esse sint magnam nisi tenetur odio corrupti. Nulla ratione expedita neque ea id. Est officia asperiores illo sunt quia quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...