Moving from West Coast IB --> East Coast IB
Hi All -
For some background, I am currently a 1st year Associate working at a BB in the SF bay area. I previously did 2 years in IB at a different bank in NYC, when I decided to say fuck it and adventure a bit and try out west coast (you only live once!). I am not interested in buy-side at this point. I (shockingly) really like banking, and could see myself in banking for a while, at least at this point.
I have lived in SF for almost a year now, and while I enjoy it here, I am thinking where I want to "settle down" soon-ish. I am an east coast person, and would like to be in NYC. I LOVE my group. I was wondering how realistic it is (keeping in mind that HR always touts mobility this mobility that) to actually move, ideally internally, from the west coast back to NYC. I would consider other groups/banks, but would much rather stay internally.
If anyone has any experience with this, or knows anyone that made this move, any context at all will be appreciated. And yes, I have used the search function, but the few threads I found did not have much actual context and a bunch of "bumps" or uninformative posts. Thanks all :)
Moving in the firm could be tough. Here's one possible path if you have a good rapport with the team.
Keep in mind it's a pain to hire a new Associate. If you have a good rapport with your team and don't think they'll take offense, just explain you're in no rush but in next 12-18 months, you'd like to move back to the East Coast. Ask for staffings with East Coast folks so you can get exposure to them. Check in every 3-4 months to let them know you're serious, to build followership with east coast bankers, and to see if they're willing to support you.
Those kinds of moves only happen when you have senior bankers supporting you, or an opening. So if your bank will take offense to you moving, then you should apply in parallel to other banks. Once you start gaining traction, consider bringing it up with the most trusted senior/mid banker you know, and go from there. At some point you need to reveal your cards internally so if you think they'll hate you for it, then only do so when you are progressing on other interviews.
Also keep an eye open internally. Do you know anyone from training in other groups? Put feelers out there and see what comes back. Just about every banking team I've seen is just about always wiling to hire a good candidate, so if your reviews are good and there's an opening internally, you'll be well-positioned vs. anyone else.
Finally, if you bring it up with your team, don't say it has to be in 2 months or something really quick. They were not counting on you leaving, so you want to scratch their back as much as you can, so that - hopefully - they scratch yours back.
First of all, thank you for the detailed reply - this is great context. Could I PM you?
Sure - can DM me
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