Is it hard to try and move to Los Angeles after analyst years?

I'm starting at a BB in NYC after graduation (currently a senior). After I am done with my 2-3 years as an analyst, I would really like to relocate to Los Angeles. My group at the bank places well into MM PE with some MF but its pretty much all New York because everyone there prefers it. Nobody I've asked (just analysts) can tell me how placement is in any other city because everyone stays. My school is on the East Coast and has significantly more alumni in NYC that LA. Have any of you been able to make this move under these same circumstances? I lived in LA for several years before moving to the east coast for high school and college and I would really like to relocate back to Los Angeles before I turn 30. While I am interested in PE for the most part, if decided to and had the opportunity to continue as an associate at my bank, then I could make the switch relatively easy so my question is directed at those who've made this move in PE. Thank You.

Comments (18)

Most Helpful
Nov 24, 2019

Yes definitely possible. When you start PE recruiting, just tell the recruiters that you're interested in LA positions for the reasons you stated. Definitely a lot of opportunities for east coast bankers especially in LA where there isn't a huge IB presence to recruit from.

I think Carter Pierce specializes in cross coast post-IB roles.

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Nov 24, 2019

Would you say LA spots are less competitive? My only reservation about LA would be if I decided on an MBA because then I'd have to make the trek back East for two years.

Nov 25, 2019

Less competitive, but also fewer positions. I wouldn't worry about the MBA issue. 2 years spent in a new locale definitely sounds worth it - you'll make another group of friends, enjoy warmer weather, and become a more interesting person honestly. You want to make these aggressive moves while you're young. Your friendships on the east coast are not going away and you can always settle back on the east coast.

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  • Prospect in IB - Gen
Nov 24, 2019

Just curious but why do you want to move back to LA from NYC? It sounds like all of your friends and family are on the east coast. I met someone once who told me they wanted to move from NYC to San Fransisco because they always wanted to live there but decided against it because everyone they knew was now in New York. If you have friends and family in LA then I get it but from what you're saying, that doesn't seem to be the case.

Nov 24, 2019

You're right that all my family and friends are in the Eastern part of the country now. I have time to make any decision like this. Mostly comes down to weather and nostalgia.

Nov 24, 2019

Apart from Joe Rogan and weed what is the appeal of LA?

Array

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Nov 24, 2019

Well LA girls for one. But more seriously, the weather is a huge thing for me. I go to school in Massachusetts and I cannot stand the winters here. Also I just loved the vibe in LA growing up. I got an SA offer in LA last year but turned it down for the NYC BB because of the opportunities being in NYC and a BB will provide. After I settle in a field though, I want to go back.

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Funniest
  • Prospect in IB - Gen
Nov 24, 2019
California Dreaming:

Well LA girls for one.

Sun kissed skin so hot they'll melt your popsicle

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Nov 25, 2019

It was a sarcastic question :p

Array

Nov 25, 2019

I made the move myself and it wasn't hard at all. LA banks and buy-side firms prefer local candidates (obviously) but the talent pool is thin so they regularly recruit from other cities, especially NY. Definitely agree with contacting Carter Pierce, they have relationships with the best funds in LA.

Moving back to NYC tho is a struggle and a half so I would make sure you're 100% sure about this.

"I'm going to make him an offer he can't refuse."

  • Analyst 1 in IB - Gen
Nov 25, 2019

What about MoCo LA and CS LA? Is it true that many of those guys move to SF/NY?

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Nov 25, 2019

Can't speak to those two firms specifically, but generally speaking all analysts in LA get a lot of HH emails for SF roles as well as some for NY.

"I'm going to make him an offer he can't refuse."

Nov 25, 2019

Why are local candidates obviously preferred?

Nov 26, 2019
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