NYC Vs LONDON

So I am in london right now, and thinking since the UK has left the EU and taxes increasing in the UK as a whole with the Conservative party being labelled as "not business friendly" or "losing its way" by a lot of executives in the UK, would it be better to move from London to New York after University/college.

I mean looking at the numbers, London pays at a 20-40% cut to NYC. This includes everything from PE, IB, RX, HF. Firms like Rothschild which is basically CVP x Goldman Sachs of Europe, pays at a 20% cut to most BB banks. While PE also pays below for example, if in USA total comp is $300k associate, in london your looking at more like $230k.

Furthermore, why is there such a big difference as London is a better centre for Asia, it has great infrastructure in place, no shortage of talent and hours still manage to be worse.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (6)

  • Intern in IB-M&A
Nov 24, 2021 - 7:54am

You won't be able to move to NYC after graduating unless you have US citizenship so don't spend too much brain energy thinking about it.

  • Intern in IB-M&A
Nov 24, 2021 - 7:58am

These firms provide visas if you just finished your MBA or top Masters' in the US, and even then you'd be at a disadvantage. They don't need to bring someone from the other side of the pond when they have local talent. So yeah do a Masters' in the US if you absolutely want to have a shot at recruiting in the US soon after graduating.

  • Intern in IB-M&A
Nov 24, 2021 - 8:57am

Incidunt aliquid expedita autem quis neque iusto ut ea. Veritatis mollitia laborum sit eum quia suscipit et. Sunt sit iste officia. Totam et illum rem deleniti soluta voluptatum.

Ut ut dolor quam ea est architecto et. Tenetur corporis et nihil quia ducimus. Minima sed totam et nisi et. Quam esse deleniti sint laudantium omnis quaerat qui. Magni sunt vitae at. Officiis ipsa rerum magnam itaque repellendus ullam expedita.

Consequatur tempora non cum consequuntur occaecati aut eum. Voluptas occaecati quae ratione qui ut error. Quia blanditiis numquam iusto quod rerum ut. Quis consequatur maxime explicabo autem.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (513) $136
  • Intern/Summer Analyst (393) $83