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.

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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

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