Moving to New York City
As I'm sure many others are, I'm preparing to move to NYC to start my career at a BB bank. However, I was wondering if anyone had any suggestions on how to go about transporting all of your belongings. Is it standard to go up with basically just clothes and order furniture from IKEA, should I try to box up and mail some of my personal belongings, etc.?
Mainly would like to hear what the best way to go about furnishing a new apartment is.
Thanks.
Depends where you are coming from. I grew up close enough to NYC where when I moved out I was able to pack a car, drive in and drop everything off. Got a bed and dresser from IKEA and had a mattress delivered.
I also remember helping a friend move in and he rented a U-Haul and brought way to much shit, that was a pain in the ass
I'm coming from about 1,000 miles away
I just moved to NYC a few months ago. It really depends, like Bobb said, on how far away form NYC you live.
I think ordering everything at Ikea and have it all in one shipment to your apartment is probably your best, most cost effective option. I would also check out craigslist ads as well for cheap furniture around your neighborhood.
I wouldn't spend a lot of money on your apartment. You will likely not be there that much anyways.
Moving to NYC for SA Stint (Originally Posted: 05/15/2010)
For SA's moving to the city, how much stuff do people bring with them on average and how do most people have their stuff brought in if they aren't taking a flight to get there?
I know most banks give SA's stipends to help cover moving costs, but is it really worth it to hire a shipping/moving company if it's only for the summer? I was wondering if I can just take a cab and get reimbursed by my BB as part of my travel expenses? That way I would be able to bring some luggage and a storage container, etc without having to deal with the expense of a shipping company while being able to bring more than just a piece or two of luggage via train.
Any past experience with this would be more than welcome.
Are you staying in a sublet or nyu? Most likely you'll need sheets and towels, which you can buy there if you want. In fact, the main thing you need is your work clothes. I'm a girl, and I didn't pack much last year, and I found that I could have packed even less. You really don't need to have stuff shipped to you, unless you really think it's necessary. Of course, I drove to NYC last year, so I was able to fill the car. If this isn't an option, just buy towels/sheets/blankets at Kmart when you get there, which will save you luggage space.
You won't need much more than clothes and sheets.
Other assorted things that you need you can pick up once you get to the city, and it'll probably be cheaper to do so than shipping it. If you're driving or taking a train rather than flying, there's definitely no reason to ship anything - if you were flying, you could possibly want to ship a box of shirts or something, but even then, the extra bag charge probably is more worthwhile.
Moving to New York (Originally Posted: 12/18/2006)
Do banks provide information, resources, etc for moving to NY for new analysts? I'm from the south and know nothing about living in NYC (ie renting an apartment). My program starts in July and I wan to travel overseas between graduation and starting out, but I don't know how long it will take to get settled in the city. How about during training - are the hours somewhat normal, so I'll have tome to get settled in the city, or do they work you pretty hard?
I am moving from the South to the City to start working Jan 3, so I will share my experience looking for an apartment.
My roommate and I tried to use Craigslist to sublet an apartment on our own, but it was too time consuming, especially not being in the city to go to open houses, etc. Easiest thing will be to find an apartment broker and work through them, which is what we ended up having to do.
Ours is a short term lease, so we got a reduced broker fee, but be ready to put up 3 months rents (1st month, security deposit and brokers fee) when you sign your lease.
We had a friend in NYC who went to meet the broker and look at the apartment for us. The brokers will list theirs on Craigslist, but make sure that you aren't searching "No Fee" apartments. Also, ours is a short-term furnished and I know that the process is more complex for long-term, non-furnished so someone else might be able to help you out there.
Preparing to move to NYC as analyst (Originally Posted: 04/02/2014)
I am graduating college this spring and will be joining the analyst program with a well known company in the fall. I do not have any summer plans yet and wanted to get some input/advice:
1) If you had a summer free with a job come fall what would you do, or do wish you had done? A little more info- I am lucky enough to have the resources to spend several months traveling (~$10k-15k) if that is the decision. I have also been thinking of the idea of bartending for fun somewhere or maybe working for a start up for a short time over the summer. Any ideas are welcome.
2) I will be moving to Midtown towards the end of summer, and am trying to decide if I should try to get my own room, share one, or possible convert a 1br to a 2br. My budget for rent will be between 1400-1800/mo. Also, any advice or tips on the moving process? I am thinking I will move in a week before I start work to get everything sorted out and taken care of (bills/shopping/furnishing/etc)
I know I have a fairly unique opportunity and wanted to get your thoughts on what I should do.
If you already have the job lined up take the opportunity to do whatever makes you happy this summer. Those opportunities don't come around often later in your career.
If you're looking at 1400 - 1800, you'll definitely need a roommate. Don't underestimate the COL in nyc.
Have fun in the summer.
^ This unless you want to live in a tiny studio in Harlem or Washington Heights. An analyst friend of mine pays 1,900/mo rent for a small 1BR 5th floor walk up in midtown. My 3BR/2BA duplex on the UWS is a "steal" at 5,000/mo.
Get a roommate if you're looking to live in a decent place.
PM me if you're looking for a roommate. I'm moving there this summer as well and need a roommate ($1300-1500 budget).
Agree with getting roommates.
For what you should do with your free time, you could travel, bartend/learn something new, volunteer, basically whatever makes you happy. My friend is in a similar situation, but she wants to try to temporarily work at a McDonalds just so she could see what that side of life is like lol.
Moving to NY in a few weeks... any tips? (Originally Posted: 02/02/2012)
So I'm moving to New York in a few weeks and I've only been there once before. I have a few places I can crash at until I find my own spot so I'm not too worried about that. I have about a year's worth of living expenses saved up but I'd rather not have to tap that if I can avoid it. I'm more just looking for advice on not looking like a dipshit and the best ways to save money on random shit (holla IlliProgrammer). Any advice would be greatly appreciated.
apt hunt on craigslist since buyer has to pay a broker fee if you use one. Try to get a rent controlled appt if you can find one in the city, very underpriced to the market. Although you'll get flack for being a "Bridge & Tunnel (B&T)", don't ignore NJ (jersey city-grove/newport). Lots of guys in finance work there and the PATH runs 24/7 and the cost of appts is 20-30% cheaper than standards in nyc. Also when in NJ you avoid city tax on about everything.
Also if you like to workout NYSC is the cheapest of all the decent clubs, at least it was when I was there. To get the cheapest rate join a local club in a suburb, don't pay for passport access, and just use your local access in the city. Technically it's not allowed but the front desk people are too lazy to really care and they will let you work out. Can save you like 20/30 a mo since city clubs are priced much higher than suburbs.
Enjoy and have fun in NYC, one of the best cities in the world.
If you are going to live in a high rise, contact building management directly (to avoid broker fees).
Question- do you have a job or are you looking?
Jersey is terrible. The PATH runs 24 hours but only ever 30 minutes or something awful like that after 10pm. Plus it only goes to midtown and the west side. Good luck getting back from a night out in the east village. Also if you live Jersey a cab is never an option. Not worth the rent discount if you ask me.
Check the UWS, UES, and parts of Brooklyn.
The problem is no so much the commute to and from work, it's when you go out and realize that you're an hour away from sleeping and it's 1AM. Short walk+Taxi/traffic+subway+??? = it's never the projected '20 minutes'. The other thing is this: if you're not in the city, you're missing out on meeting a lot of people. I'm moving to NYC at some point simply because I'm sick of the long commute after networking / hanging out. You'll save a few bucks in the short term living on the other side of the Hudson, but in the long term you'll likely earn less money because (1) you're less connected and (2) you're worn out from traveling around.
Just hope that you get through easily in NY.
I'm from Jersey and I agree with UFOinsider.
The commute kills me, especially when you're out late and no damn PATH trains are running.
Find a place in the city, period.
Bump. Definitely not staying in Jersey.
for all your hatred of jersey, just remember if it were not for the jersey shipping ports there would be no products to sell/buy in beloved NYC. And don't forget the giants play in jersey.
NJTransit, on the other hand, well, I have nothing nice to say right now so I'll just keep my yap shut.
NJtransit is disgusting, ill give you that, but then again it doens't have the throughput as MTA so the LIRR is much nicer. Now if you compare NJTransit to Chicago CTA, NJTransit wins hand over. CTA is piss poor.
Don't pick your nose on the subway, people notice these things.
bump. loving it so far.
Lived in Jersey my whole life, but I wouldnt recommend living there when working in the city until you have a family and are settling down...you'd be surprised at how much the commute eats into your day..
currently i have a 10 minute bike ride each way for a commute. Definitely pay the extra money to live by your office..you'll thank yourself when you get an extra 2 hours added to your day
I have a 40 minute commute. I think I'm okay with that for now but we'll see... I think I'd rather deal with the commute for my first year and build up some more savings.
the 300 bucks a month is a massive diffrence when you take into account taxis and other unnecessary travel expenses that can be avoided by being walking distance..
that is true but i think i'm living free/very reduced rent for the first few months so i just gotta deal with the commute for now, haha.
Moving to NYC - What neighborhoods? (Originally Posted: 02/06/2013)
I'm moving to NYC this summer to take a PE Associate position in midtown. I'm wondering what neighborhoods I should be looking at for a 24 mo. lease. Budget is about 5-6k.
When you say budget is 5 - 6K do you mean that is how much you have to move or how much you are willing to spend on rent & expenses per month?
I'm going to guess your apartment is on Park Ave, Lex Ave, 5th or 3rd Ave (between 30 - 60th street). Maybe Madison. Most firms are. Either way how close you want to be to work?
If you have that amount and are looking to be in Manhattan my suggestions would be Murray Hill (loads of young guns here/recent grads), Upper West Side, Financial Distrcit, Battery Park and possibly park ave (some apt rent for 3800 - 5000k, rare but can be split with roommates)
If you don't have incredibly long hours (>75) I recommend looking at parts of Brooklyn and Queens mostly because rent is about 1/2 - 3/4 of the price, expenses are cheaper and you will save a ton. Not sure if you care about savings though.
Down payments for places in Manhattan can be 5K alone, if you don't have a roommate. Some landlords might be lenient and ask for job verification because in certain neighborhoods they get recent grads a lot. Don't know about this.
+1 for Murray Hill, if you want to take a bit of a step up you should check out Upper West
Murray Hill -1 . UWS, Greenwich Village, West Village
If your personal monthly budget is $5-6k then you can find a very nice apartment by yourself.
Not sure if "hopingtobreakin" actually lives in NYC or not, but proximity to work should not be a determining factor at all. Honestly, anywhere on the westside, you can get to midtown in 10-15 minutes.
And if you are going to be a PE associate, I doubt you need to be cheap and go to Brooklyn or Queens. Manhattan or bust.
Agree with yeahright except about UWS... ok this guy is a bro who is going to be working in PE, you don't live in fucking Astoria or Bushwick, you get a place in the West Village like an adult.
OP - Murray Hill is for people who want to party but can barely afford to live in the city but want to be close to J-Tree and Bro Js. It's a good time but it's College 2.0. You have to think about the stage of your life that you are entering... Sure, you could do the Murray Hill thing, but my guess is that you are a bit too refined and wouldn't enjoy it (it gets old really quickly and the chicks won't be impressed with the location). UWS isn't terrible... it's quiet and you will get more bang for your buck, but it's also a $15 cab to get to any of the social hot spots like East & West Village, LES etc.
Your budget is a bit excessive (doubt you should be spending $5k a month on rent given your salary) but you can definitely find some solid places in the West Village given that price range (especially if you take on roommates), which is where you want to be if you want the lifestyle and want to signal to people that you've arrived.
The restaurants, bar scene, and overall nightlife in the West Village is awesome, and it conveys to women that you are in the right head space - you have your shit together with a good job, you live in an enviable social neighborhood that they frequent anyway, and you are looking to have a good time.
Holy shit I agree entirely +1
I only put UWS to not sound too bias towards my neighorhood, I live in West Village and agree restaurants, bar scene, nightlift and overall convenience to everywhere in the city is stellar.
OP, could use some more info. If you have a family and plan on settling down in NYC the recommendations are going to be a lot different than if you are looking to go out and rage 3 nights a week.
Absolutely, what your situation is matters alot.
If you are a single guy looking for a 1br apt, 5-6k/mo is a big time number. You can get a really nice place with that budget. I dont think you need to spend that much however (3500- 4500/mo) is where id try to be... obvs depend on your sit
Im a young single guy so I like Soho, Tribeca, West Village, Flat Iron...but these are also the most expensive per sq/ft (something to think about) I prefer West vs East too.
Thanks for the input.
A little more about my situation... I'm single, 24. Most likely to not have a roommate (my preference). Obvoiusly, I don't have to spend all of 5k a month, but want a place that is going to be comfortable and not feel like a shoebox. I'm not looking to party hard, just bars/restaurants to grab a few drinks and good food. 15mins to work sounds great. Is there a big difference between West vs. East Village?
Upper West sounds nice, but too far away from the social scene.
East Village is a shithole. Its so dirty and gloomy. West > East, plus arguably the best restaurants are in west village area. $5000/month rent is plenty to find yourself a good size 1 BR, for you it is not going to be the cost that makes it difficult, but just finding the one that fits your needs. You may want to use a broker so you can find yourself a nice apartment, rather than looking yourself. But of course that will mean a broker fee.
I like the west side, UWS or west village are both nice (very different though). The budget shouldn't be an issue, you'll easily be able to find a nice apt in that price range. I assume you know this (and probably meet the requirements, depending on your firm), but NYC has some strict rent rules. Most places require 40-45 (up to 50X) the monthly rent as your annual salary. Not all places will count bonuses (depending on how long you have been with your firm, so you may want to double check that (or get a broker who can help you out).
Brazilian student moving to NYC (Originally Posted: 04/20/2017)
Hey guys, I am doing some research for the past year about universities in New York. I have a plan to move to NYC and break into Asset Management/Hedge Fund in there. I'm graduating now from a Top School here, majoring in Economics (JP Morgan, for example, hires people on our Campus to their office in Brazil). My stats are: GPA: 3.1 GMAT: 740 CFA level 2 candidate Internship of 6 months in an Asset 1.5 years of experience in my family business (now I am just a partner, but I am one of the founders of our company, and it's important, since I will pay for the masters and my living with that income). 1 year of extra-curricular activity. Have my own investment portfolio for more than 5 years.
Universities: Columbia: MS Accounting and Fundamental Analysis Gabelli: Global Finance Baruch: MSF NYU: Didn't find any MSF program suitable to my situation. Villanova: MSF
Should I consider another university besides those? How good am I to get into those universities and to break in into finance in NYC?
Thanks!
What about Princeton? Studying in the city is not a requisite to work in the city, and you'd still be only a two-hour trip away.
Thanks for the response.
But with those stats, do I have a shot with Princeton?
Need Help Moving To NYC (Originally Posted: 01/29/2018)
Hey Everyone,
I plan on moving to NYC in June to begin my Analyst position. I come from an extremely small town and am from a lower middle class background and will receive no help from my parent when I move. I was wondering if anyone could give me any advice for moving cost efficiently? Will my sign on bonus be enough to cover fees/ get me an apartment? What if neither of my parents can consign on my lease? I'd love to hear some feedback or advice from someone who has experienced the same issues.
As long as 40x the monthly rent is lower than your salary, you should be fine.
Check craigslist, most people moving to NYC live in a shoebox with roommates for a couple years.
A good job, verified income, and sufficient rent coverage is frequently enough. The market seems to be softening a little recently. As Isaiah said, using Craigslist to find a dorm-type situation is a very viable option even for professionals in NY, but be wary of scams. I'd also suggest that if the nightlife isn't your thing, you consider the Boros, NJ, LI, or Westchester based on where you will be working. You can get quite a bit more bang for your buck by not saying "Manhattan or nothing." Also, given the long, skinny nature of Manhattan your commute could actually be shorter. (seriously, I sublet a place in upper Manhattan that's 50 minutes from work, my place in NJ is 25.)
Moving to New York - pls help (Originally Posted: 08/09/2014)
My GF and I are moving to NYC next month and beginning the search for a place. I will be joining a large hedge fund. Can someone recommend somewhere to live? We are from Dallas and have never visited. A few criteria:
Is this possible? Any building recommendations?
Thanks so much in advance.
$2850 for a 1 bed or convertible in Midtown East definitely sounds doable. I don't think you'll be able to get it in a new building, and I think you'll be out of the numbered avenues tho.
http://renthop.com/map?bedrooms%5B%5D=1&min_price=2000&max_price=2850&q…
Living in Manhattan always involves trade-offs. Add 50% to the price any reasonable person would pay in another city, and then pick 3 out of the 5 things you want in an apartment. If you can live with that, you can live in Manhattan.
There are nice new buildings in the UES for that price. Probably not doorman buildings, though. Check out Bettina Equities because they have no fee buildings that arent doorman but all updated otherwise all up the east side with one bedrooms in that range. If you are going UES I'd say try to be by the 86th street subway stop. Or you could do midtown east but I don't like the area unless you go further south to like Gramercy or the East Village.
Can anyone recommend some buildings? Ones i could just walk into and have a leasing office
That's not going to be enough for a one bedroom. For a decent high rise somewhere around midtown I would expect ~3500. This might help:
http://www.nybits.com/apartments/high_rise.html
That's enough for a 1 bedroom in an updated highrise and updated brownstones in the UES. Just not a top of the line doorman one. I just gave you this website for UES buildings: http://www.bettinaequities.com/building.php?Neighborhood=-1&Building=-1…
Midtown will be a little more but i'm certain you can still find some of what you are looking for the further up towards GC and out towards the water.
Moving to NYC: Finance / Advice (Originally Posted: 06/21/2015)
Thank you all in advance.
I will be moving to NYC in early August of this year, and I am looking for some advice on how I can transition into the finance industry or maybe the startup scene as smoothly as possible. I will just be picking up and going with my savings, hoping not to burn right though it, or get eaten and spit out by the city.
Background: I am relatively young. I have a BS and MS in Finance from a non-target state school, and I just sat for the CFA LIII exam in June. I have 5 years of experience with a F100 company, one of the largest transportation and logistics companies. About 2.5 years is in revenue management and corporate financial analysis, and the last 2.5 years has been in strategic finance working strategic business cases for our division ($2B in revenue).
Interest, in order: (I know, I know, I know... my chances are slim if any)
IB/PE: possibly for a firm that that has an interest in transportation and logistics (T&L). (I would rather skip the IB gig, given the work-life balance and that I am 5 years out of school.
VC/Startup: a junior/entry role at a VC firm, or a decent finance/operations role at a startup company.
Equity research: sell side equity research covering the T&L industries.
Port Management: this may be the easiest for me to break into, but I'm not sure if I would be as interested. I would be interested in more of a strategic investments group at a management firm tho.
I understand my chances are slim, but I would even be interested in taking an internship opportunity to get my foot in the door. NYC (hopefully) is the place for opportunity and I am confident I can hustle my way in. Any advice/recommendations, or even names of firms that may specialize in the T&L industries would be greatly appreciated. Thank you.
Also, if anyone has been in a a similar situation, hearing your experience would be appreciated as well.
What edge did the CFA L3 + MS in finance combo give you in hindsight? How would salary history thus far have been different without one or both of these?
so you are you quitting your current job to move to NYC or moving to NYC for your current job and using as an opportunity to shift into wall street? NYC is very very expensive - if you don't work your bank account will look like it has been ravaged by a pack of monkeys on a Saturday night bar crawl.
to get the job you want my suggestion would be to use consulting as a stepping stone. do some consulting work then from there shift into PE. i doubt any banks would hire you at lower levels anyway (i.e. intern or even analyst) with your experience as you would likely be overqualified. banking analysts just crank out spreadsheets and you would not use anything you learned in your previous jobs. consulting is the other way around as you could add value. transitioning from consulting to PE is also easier (not as easy as IBD) as PE firms don't just need spreadsheet jockey's they also need people who know what the fuck is going on and can turn the business around. good luck.
wallstreet246 The MS helped me get my job, as well as, at a much higher pay. I work for a very corporate company so it's just a check mark for them. The CFA has indirectly effected my pay, as I have learned a tremendous amount of information, it has improved my work, which has aided in pay increases. Given, I work for corporate, so there's numbers aren't 50K increases YOY like IB.
the_gekko I will be leaving my current job to move to NYC. I am worried about draining my bank account, but I think I will (most likely) find a general corporate style analyst job to stop the bleeding upon my arrival. I also have about 1.5 months to try and land something till I move. I will look into consulting jobs, as I did not necessarily think of that as a stepping stone before. Thank you for the advice, greatly appreciated.
Moving to New York in April. (Originally Posted: 02/03/2016)
Hey, long time lurker, first time poster!
I'm just looking for a bit of advice/perspective on my situation. I'm a 23 year old from Ireland looking to move to New York. I graduated in November 2015 with an Msc in Finance. I got a 3.6 GPA. I have secured a working Visa for mid April of this year.
Having scoured this website for the last couple of months, I know the importance of internships when it comes to getting a jobs as an analyst in the big investments banks. However, due to family reasons I was unable to take up the internship I secured for the summer of my senior year in my undergrad, and was unable to intern last summer as I had a thesis to write. I also know that April is off cycle for recruitment, but have been told not to start applying to jobs as I do not have a US address yet. I was wondering if you could shed some light on whether or not I should be applying now, or is applying online really the "black hole" that I've read about.
I have experience working in my friends start up where I did advise him on some financial matters, and he is willing to give me a good reference where I maybe slightly exaggerate my responsibilities. It is a marketing firm that is starting to gain serious traction in Ireland, and I was wondering would putting something like this on my resume be advisable.
Since I've known that I wanted to work in New York for a while, I'm working at a global recruiting firm in data analytics. They allowed me to take up a six month contract which enabled me to save for New York. This job doesn't have much to do with finance but is extremely detail orientated and I feel like it has taught me a lot. They know that I am leaving and really like me so I will receive an extremely positive reference from here as well.
I'm extremely capable with software such as R and Stata, as well as being proficient in Microsoft Suite and VBA. I subscribe to seeking alpha to keep up to date with the latest market opinions, as well as reading the Wall Street Journal and Financial Times. I'm also in the middle of completing the Breaking into Wall Street financial modelling course, and will complete some courses related to investment banking on Coursera if it'll help my chances. I've also looked at a few books on valuation such as Damordan's and have been actively reviewing material related to Investment Banking that I obtained from during my masters. I was wondering if you think there's a chance that somebody like me could break into a middle market or small boutique with no real relevant experience? I'm trying to network with as many people as I know in New York but so far this hasn't turned up any leads!
Thanks for any feedback or advice on what to work on in the next two months to help me. Thanks
I'd appreciate any comments! Even if negative..
Moving to NYC - How much initial capital (Originally Posted: 01/05/2011)
I'm trying to figure out how much initial capital I'm going to have to invest into my move.
I'm looking to movein with 2 other people (outside of Finance -- but both have their parents help [I don't]) to the Murray Hill/Gramercy area.
I've been trying to come up with a decent # that I need in my bank before making the move, so I can move comfortably and not feel the pressure of not being able to pay my bills..
For all of you guys out there that are currently in the process, or have been in this situation, please shed some light!
Thanks.
You should have 2x whatever your rent is available (security deposit plus first month's rent up front), estimated moving fees (if you use a moving company vs. a Uhaul (cheap but a huge pain)) could be a few hundred... since you're moving with 2 other people the cable/internet installation can be divided up, so probably another $75 there... Overall for example if your rent is $2,000 per person, I would say having $4,500-$4,800 would make it 'comfortable' to move in. This is also assuming you are not using a broker, if you end up using a broker, add another month's rent on.
a
Just did the move -
I just moved into a $4500/month apartment (split 3 ways) and I ended up spending around $7k initially -1st months rent -Security deposit -last months rent (young ppl don't have great credit history, they'll need an extra deposit) -broker's fee
Add in moving costs, you'll probably need around $9k
Changing the state of residency when moving to NYC (Originally Posted: 04/11/2007)
Hey! So, what's the deal with analysts moving to NYC? Do we need to change our residency to a NY one, or should we keep our current state's? Are there any benefits to doing so or not? Also, what are the requirements of NY state as far as this is concerned. i know that some states require you to switch residency if you work there for 90 consecutive days or so, unless it is for school or internship.
Section 250 (5) of the Vehicle and Traffic Law defines the term "resident." The law defines a resident as a person who lives in NYS with the intent to make NYS a "fixed and permanent" place to live. To live in a house, a home, an apartment, a room or other similar place in NYS for 90 days is considered "presumptive evidence" that you are a resident of NYS. A police officer can use this evidence as the reason to issue a traffic ticket if you drive in NYS without a driver license or vehicle registration issued by NYS.
Not that I am planning on driving, but the same logic might be used for taxation etc.
You don't really need to change your first year, particularly if you spend less than 183 days in NYC in one calendar year.
moving to new york (Originally Posted: 12/29/2008)
I want to move to New York, but I'm in consulting. It's mostly finance there. I'm in Boston and more consulting firms are here. NYC imo is a much better city for me so any thoughts on what I should do? Find a consulting job in NYC or just get into another industry?
There are plenty of consulting firms in NY. Most of the Top 50 have offices there and it's the HQ for some, so not sure why you think Boston has more (perhaps relative to finance).
If you really want to move to NYC for lifestyle reasons, you should go for it. But definitely have something prepared in advance - can you try transferring internally through your firm? You may try applying to consulting firms' NYC offices through networking, online application processes, and the like.
Consulting is a solid industry particularly in these times - but it depends what your career aspirations are. If you're in your first 2-3 years, I'd say stay put in the industry/job.
Management Consulted www.managementconsulted.com
Moving to NYC - Banker moving from the midwest to NYC (Originally Posted: 12/09/2009)
As a banker moving from the midwest to NYC, am I better off getting a roommate ... I am a 3rd year analyst, moving from a bulge bracket to another bulge bracket, but where I know no other analysts. Thoughts welcome on best way to find apt and roommate ideas, if any.
It depends how much you want to pay; I know guys as high as MD who have roommates. If you want to pay through the nose, I guess you can look at a single, but honestly having a roommate is probably going to be best.
Agreed, if you want to blow pretty much all your discretionary income at that level you can try and live by yourself, but single bedrooms in Manhattan are extremely expensive if living on your own. Having 1-2 roommates and splitting a 2-3 bedroom is definitely the way to go.
What are the rents for what a 3rd year might consider living alone (modestly) vs with roommates?
And how about neighborhoods if I'm going to be working down near the old WTC area?
And, are there any monkeys on here looking for a room mate? Please let me know.
If you are looking for a 1 bedroom to live in, in a decent neighborhood you are probably looking to pay 2k+ per month when all is said and done. You can find some 2-bedrooms for 2.5-3k which works a lot better if you find a roommate.
In terms of location, you can live pretty much anywhere in the city but I recommend being close to a subway stop that takes you really close to your office. It will make the trek into work on rainy/snowy days a lot easier.
Based on location
I think Merrill Lynch is still down there, no?
They have offices down there, but most of IBD is in the new BoA building.
Moving to NYC 2/10 - Roommates/advice? (Originally Posted: 12/21/2009)
I'm moving out to NYC in January to start an IB job with a BB. Was curious to see if anyone on here is starting early as well or would have leads on anyone looking to sublease? I've been working the whole Craig's List deal but thought this might be easier and more legit. For rent, I'd like to come in at about $1,200 which seems to be fairly standard with roommates.
Shoot me a message if you might be interested or be able to offer any help on moving 6-10 states away.
If you are close to the city or can make a trip or two in, I would suggest using Craig's List. I have had a number of friends that have had good success using that.
Moving to NY - Looking for roommate (Originally Posted: 07/15/2010)
I'm a 2nd Year Analyst moving to New York for investment banking at a BB, and looking for a roommate to join me in the midtown east area, preferably also in IBD or PE.
Let me know if you or anyone you know is interested. I'm targeting late August move-in date.
Thanks guys.
bump...
How to afford moving to NYC? (Originally Posted: 12/28/2010)
How do banks who pay sign ons with the first paycheck expect first years to move to the city? I know my parents will cover me but seriously, what college senior can really lay out $6K to move if they don't have generous parents?
Any of you face this problem?
SIgn on bonus? Relocation bonus? None of the banks do this?
Plenty of banks do this..... my offer says I don't get my sign on until the first paycheck.
Credit Cards?
I'm sure if the situation were dire enough the bank would give you the sign-on ahead of time. No big deal.
.
save your money from the previous summers internship, duh
or just dont get a 4k a month rent or rent a room from someone and work out a better deal
That's weird. I got my signing bonus after signing my offer and will get the relocation bonus after I start work.
Out of curiosity why is it costing you 6k to move? That seems awfully high.
Agreed, to the above. When your on a budget, you budget. When your parents escrow the bill you spend $6k.
You do not need to buy everything right away the first day. All you need is one "decent priced" suit and a floor somewhere to sleep on.
they expect you to move during/ after training where housing etc. is paid for, or parents money it is.
paying deposit, rent in advance, furniture, 10k is gone quickly...
Moving to NYC? (Originally Posted: 05/04/2011)
Anybody else as excited as me to be living in NYC in about a month?
After I find a place to live, yes.
Same. I'm trying to do a June 15 move in and all the brokers are telling me I should still wait....Regardless, I'm pumped to be living back on the east coast.
Midtown office as well, looking at lower east side. I've heard ABC area between 10th and 20th has some great deals, anyone else looking here? Short walk to union square and a great night life.
Also, I've heard financial district is a great place for 1st years. Night life sucks, but you can find really nice places for reasonable prices. Thoughts?
FiDi was originally #1 on my list because I wanted to live in a full service building for a good price. But I was told the 20 min commute to midtown when I want to go out, get drunk, and then 20 mins back would suck after a while. But i still havent ruled it out yet.
Anyone know the name of some good places in FiDi?
The broker i'm using is a real cool guy....he will really try and get you no fee. Rob Barry [email protected]
How much is everyone paying? Details on apartment? Want to see what different types of apartments/areas are going for...
I just signed for an alcove studio in a new building near St. Luke's hospital for $2695/month. Pricey, but I'm sharing it with my girlfriend (who will also be working in NYC).
I didn't work with a broker. If you want to live in a larger building you can just search online or call buildings in the area you want to live. Try http://www.nybits.com to find different buildings. Also, you may want to call everywhere because they don't always have updated information online. It's a bit more work to find your apartment yourself, but I really did not want to pay a $3000 (or more!) broker fee.
I'm def trying to avoid that huge broker fee as well!
Me too. Crazy broker fees...I am still hunting for apt. Let me know if any female Ibanker there who wants to share apt.
Looks like the city is cracking down on pressurized walls:
http://www.nytimes.com/2010/07/18/realestate/18cov.html
Anyone know how much a bookshelf wall costs?
Anyone looking for roommates...?
Moving to NYC for IBD Analyst (Originally Posted: 02/04/2012)
Hi monkeys,
This is not a troll post =)
I was hoping to hear what kind of planning you guys did for moving to NY. I.e. when to start looking for housing, how to find roommates, how to find appropriate apartments, etc. I'm starting as an ib analyst at at BB in late June (and I've only ever been to NYC for interview purposes), so any help would be greatly appreciated.
Thanks! -BOM
Moving- Ideally,I would recommend trying to move in to your apartment at the beginning of June which means starting to look May 1st. You will need to have all your paperwork ready and money in the bank so you can submit an application if you find a place you like.. I realize that may seem a little early but that will give you about a month to get settled in, unpacked, have cable and internet set up and get acclimated to the city before you start work. You can find dry cleaners, grocery stores, restaurants, a gym, bars, etc without work getting in your way. Plus, the weather is amazing in June so you can do some of the cliched tourist things as well and get them out of your system.
Apartments - Try and research the different areas of the city to determine what is convenient for office and fits in your budget. Some popular areas are Murray Hill, Financial District, Midtown East and West and Upper East Side. I know of analysts who live in all of these areas and they are all reasonable options. It may depends on roommates' situations but the general advice is to live close to where you work. In this market you will likely have to use a broker to find an apartment but you can do preliminary research on craigslist and streeteasy. For furniture, ikea is a good place to start.
Roomates - I don't have any experience here so I won't bother providing any coments
Thanks, white collar! Very helpful post - would give you a SB if I had one...
Does anyone have tips on finding good roommates? I know a few guys at my school who are also going to NY, but if that doesn't pan out, what options do I have?
Moving To New York? (Originally Posted: 06/30/2012)
Hey Toronto Prospective Monkeys, just joined the group, seems a bit inactive?Anyways, I wanted to get your opinion on moving to New York to work rather than staying in Toronto. Something at a boutique or MM investment bank. Don't get me wrong, Toronto's great and I'd probably stay here in the long run. Yes, yes, I know, there's been layoffs at investment banks from reading some of the other posts and threads. Toronto seems flat at the moment too.
Is it difficult to move there? Do employers welcome Canadian applications, although I realize I'd be competing with Ivy league students.
The group has been inactive... LOL
Day 1: Moving to New York (Originally Posted: 03/17/2015)
I am making the move to New York today. I am in between a job transfer to New York with a BB, but my primary motivation is to finally work at a hedge fund. A goal I have had for several years to analyze companies from an investing perspective and make sound investment recommendations based on that analysis. I have experience in banking but my background is far from normal, but I am determined to get a position. I thought this might be a good forum to open up about this sort of thing. Have any of you picked up and moved to New York to get a job in finance? Or does anyone have stories about making bold moves to chase career goals? I'd like to update this post every now and then to chronicle my experience, looking forward to your feedback. Thanks
J
I moved to NYC in an IT role because I figured if I lived here it would be easier to get a job in finance here, with not having to take time off work and flying out here for interviews and what not.
That wasn't necessarily the case, but now I'm in school here hoping that post graduation It'll all be worth it.
first off, no one in New York, calls it "NYC," that's what tourists call it. Call it new york or the City.
people call it NYC when typing on the computer or in text all the time because it is an easy abbreviation, so thanks for your useless contribution
Both I and other people I know say NYC....I don't know what makes you think no one here says NYC because they definitely do
Anyone have any good "Moved to New York" stories?
Hey JTmonkee,
I'll also be making the move to New York City the first of April. I found a very large and inexpensive bedroom in Brooklyn. No job lined up so far.
any of yaw born here? guessing not so go fly a kite you transplants
Moving to NYC (Originally Posted: 06/23/2016)
Hi Everyone,
I'm moving to NYC next year and I just wanted to get some views on salary expectations.
I only have a years experience which I think will hinder my job search but just looking to get some rough estimates as to what I can expect salary wise in NYC?
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