Hey guys, I have a quick question. I go to a "lower level" ivy school (not HYPW) and I was just wondering if you guys have any insight on what the experience of going to school out east and getting an ib SA and FT position in Chicago is like. It seems like most recruiting out here would be for the NY offices, but I'm an underclassman and haven't really dealt with on campus recruiting yet. Any insight would be really appreciated. Thanks in advance.
| +145 | How to stop feeling like shit for not making it in IB? | 55 | 3h | |
| +108 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 53 | 13m | |
| +67 | Updated LA Banking Scene (2024) | 49 | 12h | |
| +38 | Ranking banks that went under | 20 | 2s | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 6h | |
| +32 | Burnt Out M&A ASO | 17 | 3h | |
| +31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 3d | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 13h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d | |
| +25 | Intern Ettiquette | 4 | 9h |
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.
r u from chi?
Yeah I am.
Talk to Brady4MVP. Yes, it's doable but not exactly easy. You're at a bit of a disadvantage to the Big Ten.
.
I've seen it done - I think the biggest thing for you is networking, especially with alums. Being at an Ivy and doing well is credential enough to land you an interview, might just have to deal with HR about wanting Chicago over NYC, although, IMO, that might not be the best career move.
Interning in Chicago to see if you like it won't keep you out of contention for NYC jobs for FT though.
Good luck
Aside from New York being a nicer city and the central hub of Finance (so I guess at higher levels people get paid more), what are the disadvantages of banking in Chicago? It seems like they have marginally nicer hours and a lower cost of living.
I realize that it's easy to transfer to Chicago from NY but not vice versa,.
A lot of it is about the set up of the shops and the subsequent opportunities. Since the downturn, the BB Chicago shops became very small and have found themselves in a precarious place when it comes to analyst/associate work.
I know GS Chicago still does it's own work and sometimes needs to staff people from NY onto a team/some NY Partners staff Chicago people for a lot of teams. But some of the other banks, you basically work on getting a deal, then NY executes. That is probably super frustrating, but, MDs get paid to source deals.
Also, your exit opportunities might be limited in a lot of ways - to midwest companies or PE shops. A lot of times, kids from non-targets that are there stick around for a long time at these banks.
That's interesting about the BB shops in Chicago, but do you have any opinions on the more prestigious boutiques in Chicago? I think I would prefer to work at a boutique.
That's interesting about the BB shops in Chicago, but do you have any opinions on the more prestigious boutiques in Chicago? I think I would prefer to work at a boutique.
Ex quis culpa fugit voluptatem vel sapiente facere. Sequi sapiente a recusandae est corrupti. Molestias sed similique doloribus iusto.
Nostrum distinctio nulla id corporis. Eum maxime dolorem in qui. Odio provident fuga magnam sed quis facilis magni. Esse natus tempora saepe vel rerum sunt fugit.
Quisquam sunt illo molestias provident temporibus. Enim necessitatibus dolores similique placeat.
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...