Seattle Banking Scene
Have an offer from a MM bank in Seattle and wanted to hear more about the lifestyle/activities/culture in Seattle finance.
Thanks!
Have an offer from a MM bank in Seattle and wanted to hear more about the lifestyle/activities/culture in Seattle finance.
Thanks!
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Career Resources
Do you enjoy living in a city that's extremely expensive and unaffordable, has two of worlds richest people living nearby, is one of the whitest large metro areas in the usa and paradoxically is a cultural and spiritual center for BLM and diversity awareness, anti capitalism, and socialist ideology? Then seattle is for you!
But honestly, the natural scenery ALMOST makes it all worth it.
As a Seattle native this is just too true... it’s really been overrun by SJW types and feels like everyone is trying so fucking hard to be alt or woke even if they’re just a techie. I can’t imagine the looks you’d get if you said you work in banking in the city.
Was it not like that before? Genuinely not trying to be a dick but the only things I knew about Seattle for most of my life were the Seahawks, Mariners, Supersonics, and Amazon (I'm from the east coast). I always thought it was like peak SJW after Portland. Was it chiller ~10-20 years ago?
I've said this before and I'll say it again: there's no attractive women in Seattle.
As a someone that grew up there....the only hot ones are:
1. Married, brought in as a wife of a transplant
2. Grew up in region, in high school (obviously stay away lol unless you are in high school), will attend either uw, or leave the state to attend Asu.
3. At Uw, likely in a sorority, will either get engaged by senior year or move away to la, dallas, or nyc.
4. Married, met someone at UW
Very few hot single women moving here, and very few hot single women stay single or don't move away past age 22
I thought it was a more moderate COL city when compared to SF or NYC, with comparable job opportunities, and more rain. Was I misled?
Definitely cheaper relative to SF and NYC, but still expensive. Wouldn't say comparable job opportunities though, particularly in finance.
It's definitely not moderate COL. Yes, it is cheaper than SF or NYC, but it's probably ranked right after those two along with Boston/DC and more than LA. It's extremely expensive!
Definitely not more than LA. I live in LA and have family in Seattle. You can still buy a decent home in a decent neighborhood in Seattle for <$900K. Nothing comparable in LA would be under $1.3M. My sister in law lives in a brand new luxury building in downtown Seattle and pays $500 less a month than we do and we have a pretty standard apartment. There’s also no state income tax in WA vs close to 10% in CA.
LA is way more expensive, forget just on the housing/tax basis but you also need a car vs. not needing one in seattle
good if you like to do seafood industry coverage
All the best banks are concentrated in CHAZ.
Shit banking scene.
No state taxes, which is nice.
How long do you expect that to last?
3 years. Tops.
Hopefully you’re good at chess, solving the rubix cube and well versed in anime.
Doesn’t Goldman have ibd there? I think I’ve seen it on their website but I never seen anybody talk about it on the site.
Yes there is a small regional office
Maybe some stuff in chaz?
Have heard very good exits to ANTIFA out of there.
If you have a strong first year performance you can relocate to the Portland office!
Know the city very well from having lived there many years ago.
I was told that it's become a ceaseless pool of shit humans. Friend told me how on UW's main campus you have antifa patrols walking around with white armbands a la Hitler youth blocking any speaker that might lean to the right. The private banking scene is (was) big at the time due to the Microsoft money and the eco-system it created. So PB is probably a good thing over there. I am sure you have some very niche tech M&A boutiques that might do somewhat well. Don't expect to relocate out of Seattle as your skill set will be very NW centric.
You can always live in the burbs and get stuck on 520 or I-90 although heard there is a toll there now. Our house cost us 250k in Bellevue years ago, now like everything else it's worth over a million. Most of my friends from high school have relocated outside of Bellevue as it became too expensive. Some moved to shit parts of Seattle. One acquaintance is running his own PE fund there. It's extremely insular, people tend to stay and their education level is quite low. In terms of openness or understanding of the outside world Seattle is shit.
For the positive side: there is tons of money in the area. Nature is beautiful. If you like skiing you'll have a blast. There are great high school in the expensive suburbs (I went to one of them). If you are good due to the lack of talent you will likely shine. I haven't been for over 15 years now so things have changed (except for a fly in and out for a wedding for my best friend there, all my other friends I just missed entirely their weddings as the place is too damn far from London).
If you are not from the North West you might struggle. My life would have been very different had I stayed back. Writing this post brings back good memories, but then times were simpler and the middle class didn't get crushed with 2008 and Obama's QE (prolonged by Trump). I remember great cocktail bars and happy hours in Seattle during my University days. All in all - I've answered your question regarding banking. Regarding the city - it's for you to see if you like it. All I heard were complaints about how things changed in Seattle - I haven't checked it.
Home to Starbuck's so drink up
Proximity to Vancouver and Whistler, BC is a plus. Vancouver is probably the most beautiful city on earth and Whistler is Canada’s version of Aspen.
I've thought about moving there, but don't know anything about its finance scene, if there even is one. Do you know anything about that?
Vancouver? It’s finance scene is basically all based on real estate and mining. Vancouver’s one of the priciest real estate market’s in the world with detached homes averaging over $1 million (CAD). Wages are pretty low for a city of its size as well (about 2.5 million people in the Metro Area I think). Having said that, it’s absolutely stunning and there’s a ton of outdoorsy stuff to do. You get mountains, beaches, and the ocean in the city and within a 30 minute drive. To me it feels like a much nicer version of Seattle.
PM me.
The music scene was awesome in the early '90s, before our addictions overcame us. Kurt and Chris and I jam all the time now -- hopefully it'll be a while until Eddie joins us.
Don't do heroin, kids.
...but seriously, if you want a breakdown of the finance scene in Seattle, shoot me a PM. I'd be glad to give you a rundown.
I don't think Seattle residents fully appreciate yet how much damage anti-fa has done to the city in the long term. Before all this, it was a city that I would consider applying to for a job and definitely visiting at the very least. Now, I have zero interest in going there because of the hatred and intolerance. I've talked to other people who feel the same way.
Not a good sign if people cringe when they hear your city's name.
Why the MS on this post?
Yeah, I'm really confused as well. I'm just a guy who had a favorable opinion beforehand and am honestly sharing what I and many others think now.
It's not intended to be an insult. If you live in the city, you should know how other reasonable people are thinking about it.
I appreciate it, greatly. Been looking for exit ops.
Seattle is a pretty dope city, but I wouldn't want to live there as a banker. It's a tech city, finance isn't very existent, and grinding in a city where everyone works a 9-5 isn't really going to be enjoyable.
On the plus side, you have access to incredible nature (easily some of the best in the US), food and bar scene is pretty good, and I feel like its fairly affordable when compared to NYC SF LA etc (Chicago is only major city I'd say is cheaper). I spent the last 3 months in Seattle and loved it - yeah the SJW libtards are annoying but you don't have to be friends with them so I don't really see why that's even an issue (also those people are present everywhere on the west coast).
I get what you're saying but it's just kind of weird to be tip toeing around people and to narrow down your possible group of friends.
Where I live now, I can be friends with anyone regardless of their political affiliation, because they are typically tolerant of others' views. In my opinion, it would be pretty sad to have to purposefully seek out people with your same political views to associate with.
And note that is my problem with the West Coast in general. It is not that they are on the Left. It is the intolerance of others.
I am curious where you live that this isn't the case? I feel like it's literally an issue everywhere in the US especially in the post Trump world. Obviously some cities are worse than others such as SF/PDX/SEA but I think the US today is extremely splintered and I can't imagine being anywhere where I wouldn't have this issue.
I go to a very liberal university - there are always groups of people that are normal. If u are a SJW libtard you will attract others who are also those people. If you are normal you most likely will naturally find yourself with normal people everywhere.
I don’t buy into the notion that any place is 100% filled with libtards. Ive been in some of the most liberal environments, but have always found myself with normal people.
Just curious, are liberals not normal people?
I believe there is a difference between liberals and crazy, far left liberals, just as there is a difference between conservatives and crazy, far right conservatives.
By SJW libtards I mean radical far lefties- not normal liberals.
Ted Bundy is from Seattle. Go Mariners!
As somebody who grew up around Seattle and now lives in the Bay Area, I don't view the two that differently in terms of how liberal they are. Sure, the Bay has a bigger finance scene but in general both are tech-dominated, left-leaning cities. People always ask me if I would be willing to move back to Seattle and my view is if you'd asked me 10 years ago then the answer would've been yes, but now I see it almost like an SF 2.0 where cost of living is skyrocketing and it's becoming more and more crowded. If you're into skiing though, Seattle is absolutely dope for access to the mountains.
As a seattle native...the skiing there is overrated and worst of all the surrounding states. However its about 50x vetter than the best the east coast can offer(whichisnt saying much).
Move to Utah or Montana if you want to ski.
True, but Utah and Montana have even less of a finance scene than Seattle does. If you're in finance, Denver is probably your best bet for actually good skiing that's a reasonable distance away, but Seattle is pretty good given the other options out there. Sure in SF you have Tahoe, but have fun with consistent 5+ hour drives (with double digit hours one way not unheard of).
As a local, don't chance it. Whistler, CA
“If you don’t want to move to Seattle because of the politics you must be RACIST and HOMOPHOBIC and TRANSPHOBIC!!!”.........
This is how a lot of your interactions will go unless you want to censor yourself in every social interaction and subscribe to leftist bullshit
Wow
Seattle native here.
I don't know much or anything at all about the Seattle finance scene, but I can say that the people in Seattle (and Western Washington) are genuinely nice good people. Depending on how one looks at it, one negative (or positive) thing that I've noticed is that the people here are relatively content (complacent maybe?). There are no dreamers or go-getters here like there are in NYC or LA. People are happy with their lifestyle and the way of life here (no pretentious people). Overall, it's not a bad place to be for the short term (or long term) if you enjoy the outdoors and being around techy kind of people. As for the weather, it doesn't so much rain as it does drizzle. Biking here is also quite big. Whether it be mountain biking or road cycling, there will be bikes. Portland is also a great place to visit that's near Seattle (3 hour drive time) which has an even bigger biking scene. Do I see myself living here for the long term? Possibly. Can I see myself growing as a person here (in my 20's)? I don't think so because there are not that many ambitious people here. Can I see myself raising a family here? Yes, because it's progressive enough where my kids will likely be well-rounded individuals who don't judge others and have a global perspective in mind. All in all, the culture here is filled with kind people who love it here so much that they will probably never move out of Seattle.
Who don't judge others....lol
Go tell someone in seattle proper you are a republican lol. Or worse, you work for Wall wtreet.
Thanks for laugh, needed it today.
People also looked so content and happy in those protests....
Grew up in Seattle and absolutely loved it there. Chill people– lots of Microsoft, Amazon, and other tech folks– and a generally pleasant culture. Something to do outdoors year-round, with easy access to hiking, skiing/snowboarding, and other activities. In spite of what some national news outlets suggest, it's not like the city's been overrun by Antifa or other liberal extremist groups (although the local government's handling of the CHAZ/CHOP nonsense was unacceptable and further worsened by the assistance of our socialist city councilwoman). Before COVID, there was plenty of nightlife (generally concentrated around Ballard and Capitol Hill), and rent is still slightly more affordable than SF/NY.
If you were looking to start a career in almost any field outside of finance, it would be a hard place to beat. The issue with banking there is that the reach of MM firms like Cascadia and Meridian Capital just doesn't extend that far outside of the PNW. I've two high school friends working as analysts there, and it seems the pay and WLB are solid. However, they're both the sort of people who are content staying there the rest of their lives. In no way is that a bad thing, but if you're looking for optionality or exposure to a broader set of clients, Seattle's probably not the best place.
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