Is Moving to Hoboken Worth It?

Hey monkeys. By way of background, I am a management consultant at a Tier 2 shop focused on private equity DD (think Parthenon or LEK). I am fortunate enough to have secured a gig for next summer at an upper middle market PE firm where my all in compensation will be ~$300k plus carry.

I have quite a few friends that are trying to sell me on the idea of moving to Hoboken. After conducting my due diligence, it seems like there are quite a few nice, luxury buildings and am confident that I can live like a king.

Have any other monkeys made the move to Hoboken/JC or researched it? If yes please advise on the following:

What is the quality of the nightlife?
What quality of tail can I pull and how often?
How successful/prestigious is the average denizen of Hoboken/JC?
How does Hoboken/JC compare to Manhattan?

Thanks in advance for your help. Silver banannas to the top responders.

 
Most Helpful

What is the quality of the nightlife?- not bad. Lots of bars, so usually can find what you are looking for (clubs, laid back, drinking, local bar, outside) What quality of tail can I pull and how often?- I feel pretty good. I live in hoboken for a couple of years. Haven't really been on a dry spell when I wasn't dating How successful/prestigious is the average denizen of Hoboken/JC?- It's like any other place. You probably get more couples/families in Hoboken than five years ago, but NYC/JC are an uber ride away. New people are always popping up. How does Hoboken/JC compare to Manhattan?- I always think Hoboken is the same price wise, but you get more space in terms of a place. Hoboken is definitely more quiet. If you look at a map, north is Weekhawken (basically all residential), middle is Hoboken (some big business, but mostly bars/residential) and JC is south (more big business and also more of a diverse crowd). If you ever read the news or NJ.com, you will rarely see crimes/killings in Weehawken/Hoboken, but people get murdered all the time in JC. Jersey City dependss on the area more than anything else as it is a big area. Hoboken is smaller, most people have good jobs, and the only bad hobo spot is 1st-4th street on Jackson

 
buysidehotshot:
Is Moving To Hoboken Worth It?

No. Never.

Ever.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Molestiae harum voluptatem aliquid consequatur suscipit et cumque dolorem. Aut non praesentium quia quo. Illo error occaecati nesciunt ex consequatur. Dolore qui expedita et. Eaque distinctio minima vitae deleniti similique consequatur. Voluptas et blanditiis molestiae quam laudantium mollitia.

Corrupti deserunt temporibus ad harum. Dolore nihil eveniet est minus. Reiciendis praesentium a dolor praesentium voluptatem. Sequi officia delectus accusamus. Iure minima et voluptas vitae libero. Recusandae reprehenderit eaque aut consequuntur sit. Cupiditate libero ea tempora voluptates qui esse.

Amet repellendus assumenda accusantium nemo autem est. Rerum et debitis vero. Ut sed qui deserunt minima ea itaque. Quia itaque rerum fuga esse sint mollitia dolorum.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”