Where do you think the next investment banking hub will be?

Do you think New York will always be the center of the IB industry? Do you see this transitioning to other areas currently?

Or will robots take everybody's job and render this question irrelevant?

 

will always be NYC. it's been the center of all things financial for hundreds of years, and short of hurricane supersandy or a nuke levelling the city, it'll continue to be the center of the financial universe.

the better question is what will the next tech hub be? with SF announcing they're going to tax companies to help the homeless problem and Apple/Amazon (I realize this isn't SF) looking for a secondary headquarters (but have stated they will be massive), I wonder how long silicon valley stays silicon valley. in reality, what likely will happen is the political pendulum will swing too far left and someone will bring everything back to earth, but that'll be years away

 
Most Helpful

I think Austin, Texas in time can become the next great Silicon Valley. The next tech hub has to have a culture techies can embrace and be aesthetically pleasing. ATX also has SXSW and UT Austin as tech pipelines. I'm not 100% if the SV can be replaced.

Tech isn't 100% killing San Fran's real estate problem, but it has tremendously augmented it. The real issue is that SF like NYC/LA is an international city. Local are competing with internationals for property further increasing the demand and price.

Work hard, work clean, & most of all do not give up.
 

I can't see the finance hub of the U.S. being anywhere other than NYC. It has too much of a head start over any other American city as it is, and as mentioned before, geography will be playing a less and less important role as time goes on, so I can't really picture any catalyst significant enough to cause such a large shift apart from a literal apocalyptic scenario.

 

Nesciunt qui a et quas et. Voluptate commodi facere sequi autem. Quo veniam quo est dolore nisi. Quia ipsum quas omnis nemo illo quaerat. Quisquam ut odio dolores fugit reprehenderit.

Culpa iure aut non dignissimos a officiis. Minima mollitia sit minus labore et ea.

Eum in ea at facere. Asperiores voluptatem qui ipsa sed expedita. Laudantium tempora reprehenderit voluptatem mollitia dignissimos. Eveniet eum laboriosam distinctio error.

Enim aperiam officiis aliquid non possimus a. Distinctio et rem reiciendis accusamus dolor molestiae ut. Qui aut qui fuga nisi et omnis rem.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”