What is Miami like?

Inspired by the recent thread on Charlotte. Most of the info on WSO is dated so I thought it might be good to get a fresh thread to discuss the city.

Appreciate any thoughts on living/working in Miami, what the finance scene is like, etc.

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 (31)

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Prospect in IB-M&A
Jul 9, 2020 - 1:22am

Small M&A shops and a number of private equity groups (HIG, TriVest). Hedge funds have been moving down although it is unclear if those are just senior guys for tax purposes more so than juniors also taking up the opportunity. A good deal of private equity in the Palm Beach area as well which is not a good commute but is worth mentioning as SoFl.

Lots of private banking and wealth management - Spanish not required with the exception of the LatAm groups. Starwood and a number of real estate companies have sizable offices. BCG with a decent team down there as well.

Corporations with HQs off the top are Restaurant Brands International (owner of Popeyes, Burger King, Tim Hortons), Royal Caribbean, Lennar, Ryder, American Airlines, Bacardi.

Great party scene obviously. Fantastic weather 10 months of the year...12 if you can handle the heat. Moderate COL (low compared to NYC, LA, SF, but higher than Charlotte, Nashville, Jacksonville, etc).

EDIT: I understand I am biased. Grew up there and wish to return. Might not be the best place to start your career but after two years in NY/SF/CHI there are some great exit opportunities to MIA that might be the ideal combo between social / cost / weather / opportunity.

Jul 9, 2020 - 1:54pm

I love South Florida. I travel there a decent amount with work. It's a hop and a skip to the Florida Keys. Good fishing and diving. Spanish is definitely the second (sometimes first) language there. Would help to know some. It is my understanding that there is a huge emphasis on fitness and flaunting wealth.

Down side is there aren't too many good looking girls that live there....

Jul 9, 2020 - 2:36pm
TheDebtStar:

Down side is there aren't too many good looking girls that live there and aren't sponsored or in porn

FTFY

Miami is my 3rd favorite US city behind NYC and San Diego, possibly tied with Chicago. I love latin food, latin people, the warmth, the beauty, all of it. if I was single, I'd have tried to live there.

whatever you do, when you get your first bonus, set a cap on your spending at e11even, it's easy to get carried away.

Jul 9, 2020 - 2:48pm
Bizkitgto:
Is this sarcasm? I thought Miami was notorious for beautiful women?

woosh

Commercial Real Estate Developer

Jul 9, 2020 - 2:48pm

there are always an enormous amount of hotties in Miami, the question is are they locals or tourists? perhaps he's saying the locals aren't all that, and I have to plead ignorance, I don't know what % of hotties I've seen are local versus temporary stays. lots of rich hot slavic women come to have babies to get US citizenship for their kids, south americans come to do business/vacation, so it's very possible that the locals look more like dan lebatard and less like adriana lima. but the point is this - you go there, you will be overwhelmed with hotness. I'd put miami against any US city in that department

Jul 11, 2020 - 8:55pm

No good looking girls in Miami? Are you ok? The saying in Miami is you can never be young enough, good looking enough or rich enough. It's full of models and great plastic surgeons. South beach is a blast and Brickell would be a great place to live. A lot of young good looking people and definitely an emphasis on fitness.

  • Analyst 1 in IB - Gen
Jul 11, 2020 - 6:10pm

lifestyle goals. not great for building a career but does wonders for mental health

Feb 25, 2021 - 10:06pm

$3.199mm in Miami - looks sweet 

https://vm.tiktok.com/ZMe2C5mgD/

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Feb 25, 2021 - 11:46pm

A lot of VCs are moving down there apparently.

Feb 26, 2021 - 6:21am

Never discuss with idiots, first they drag you at their level, then they beat you with experience.

Start Discussion

Total Avg Compensation

April 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (32) $350
  • Associates (180) $232
  • 2nd Year Analyst (102) $151
  • 3rd+ Year Analyst (25) $146
  • Intern/Summer Associate (95) $145
  • 1st Year Analyst (387) $131
  • Intern/Summer Analyst (315) $82