Love to hear your guy's thoughts on this; I believe as IB tends to decentralize (trend over the last 10 years) NYC is losing its edge over other cities. There is a tendency to put the NYC analysts on a pedestal when in reality other major cities (Chicago, Boston, even Charlotte/Atlanta) are recruiting just as competitive out of undergrad and placing just as well into PE. I will say if you are at a Bulge Bracket in NYC there is still that same advantage (to an extent) but if you are going to do Middle Market IB as an analyst there are all there are a lot of reasons why not being in NYC would be favorable. Plus many firms are now paying close to the street for non-NYC analyst so you walk away with a lot more due to the cost of living. Ultimately, I feel like NYC is losing the shine and prestige. Comments?
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