IBD analysts how long is your commute?
Soon to be an IBD analyst at a BB - my parents place is a 45minute commute from the office and would cost around $120 a week to commute. Is this an acceptable commute considering the long hours or should I look to rent a place near the office?
How long is your commute? To those living nearby is the expensive city rent worth it and to those commuting, is the longer journeys worth it to save on rent?
How much do you value not being celibate your entire first year out of college?
Lol. I don't see why op couldn't just tough it out for 2-3 months at home. I have heard on here that there are better deals on housing in the late summer-early fall anyways.
I laughed...and then laughed again when I saw his name is Just The Tip
10 - 15 minutes...walking..
Yes, it's worth it.
When I was in IBD, it was a 7 minute, 37 second walk to work. Like clockwork. Don't do more than a 10-15 minute walk
Edit for disclosure: I wasn't in NYC, but I think this holds there too
What do you think of people who live in Jersey City or Hoboken and take the PATH to the financial district. I think it makes a lot of sense if your bank is near there.
During my summer analysts days I lived in Queens to save money and it wasn't worth it
30 minutes subway 2 hours walking -- subway back home never failed to let me down :) had the chance to experience the real "asian towns" and so forth and not the gentrified facades in manhattan. guess there's always a bright side to things
No thanks.
I fear this, I live at the edge of queens and Nassau. Im not sure whether or not to live in the city or take the F train everyday.
It's definitely doable. You'll save a bunch and prob take cabs at night which will make your commute not as bad. But if you're not buried in debt then you're just giving up a bunch of freedom and convenience.
10 minutes flat. Only way to not go insane, and get a "reasonable" night sleep. Also it's fun to let you think that you are being active by walking to work. A good false sense of s workout really gets me through the week of never going to the gym
just realize that you'll be giving up the summer of george if you live at home
Hmm looked up the Seinfeld episode of the same name, but do you mean that you'll be more active living at home? I commuted from Long Island for like 8 months and while I saved tons of money, it definitely bounded my social/dating life.
Trust me, it's not worth it. The freedom of living on your own and not wasting 90 minutes a day commuting will be worth it.
When I was in IB, my commute was 15 minutes the first year and five the next. My commute right now is 15 minutes. That is plenty for me.
10 minutes by car, 20 minutes public transport
Mine was 15 min walk, ~5min cab at night. I cannot imagine having had a commute that was significantly longer than that. As an analyst, you are often pushed to the limit of what you can tolerate and I know for a fact that having a long commute would have driven me over the edge. I know that the free rent can look attractive, but it comes at the serious risk of burning out and fucking up your career from the get go. Honestly, an extra hour of sleep every day is totally worth whatever rent you are paying (and YES, that include Manhattan rent).
And good luck picking up a girl and bringing her back to your parents' suburban home ;)
can't imagine the bumble scene in westchester county is any good, unless you're some soccer mom's side action
That's not the worst way to go. I wouldn't have even known about IB, let alone gotten a job in it, if I hadn't started hooking up with an ex-BB banker turned MILF going through a divorce. Never know what you'll learn from an older woman.
Unless you have an enormous amount of student debt that you need to pay off, don't live farther than 15-20 mins.
Buy a Boosted Board, walking is slow and taking a bike to work is just plain emasculating. Turns my 45 minute walking/train commute into 20 minutes. Lived 3/4 mile from the office my first year and it was about 3 minutes flat to work.
Hoverboard FTW. Down goes Tyson!!!
Have one and would never bring it to the office. Can't imagine the looks I'd get walking through the lobby at peak morning and grabbing an elevator carrying a skateboard.
They're fun on the weekends though.
I'm UES and my morning commute (subway+walking) is about 15 minutes, and the car home is about 8 minutes on average. Don't live at home.
Assuming your office in Midtown, UES is the way to go for affordability and commute
Nailed it.
and safety
What are prices in UES like compared to midtown? Always just assumed UES wasn't the most affordable.
6 min walk or a 1 minute bike ride. Couldn't imagine doing anything longer than that, especially when you are leaving some nights when others are getting their morning workout started.
I live in SoCal, and my daily commute is around 35-50 minutes (35 if I am lucky). Commute home? Around 1-1.5/7 hours (Traffic, accidents, etc).
I did this commute to help out a family member. Several things learned -
If you can live close to your workplace, do so. This is invaluable, Freedom of living on your own but also gives you less overall stress of dealing with traffic/commutes.
You'll also learn how to manage your cash better.
Your car and wallet will also thank you. Less trips to the gas pump.
I am in the process of interviewing right now, and I have scoped out a few places to live near these companies.
Good luck!
I'm not in NY but I live in the Bay Area. Used to drive from SF down to Mountain View which was between 45-1:30 each way. Regarding long commutes in general, you can do it for a few months maybe a year or so, but after that it really starts to wear on you. That time lost each day is essentially your gym/decompress time that you'll lose.
I couldn't even imagine having a long commute in IBD. As everyone else has said, do you best to find something nearby. Even if you can't save as much money, it will make life a lot easier and probably improve your job performance significantly.
Live in London, used to have a nice pad in zone 4 which was about an hour from the office, which sucked. now I live in zone 2 in a worse place and it's a 20 minute commute, which has improved my quality of life immeasurably.
~20min walk in NYC
The first 7 months in IBD I did a similar commute, little over an hour in the morning and 45 mins at night, so that I could live with my parents. The only thing I found that I valued more than the thousands of dollars I saved during that time was little extra sleep/time I had when I finally moved into the city. I say do it for a few months. Eventually though you'll be ready to move closer.
90 minutes a day gets old quick.
8 minute walk to work, that's why I tolerate NYC. No train, no bus, no car, just a walk. This is such a nice quality of life, gym is right in the middle, makes my routine work.
you're my hero.
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