Would you leave everyone you know for a "better" opportunity?

Just got an exploding offer for equity research at a regional MM straight out of UG and I'm considering taking it. The only thing is that it's located somewhere away from where all my friends and family live, namely NYC.

I think it's better than an offer I have in NYC, but I'm on the fence about this decision because I don't know anyone in this regional area and I'm not sure about any of the logistics like roommates or social scene, etc.

Anyone have any advice for making this type of decision? The fact that I have very short time horizon to accept the offer doesn't help either, although I'm leaning towards accepting.. any advice/personal experiences are greatly appreciated!

Update: I accepted the regional offer a few days after posting, after speaking with a bunch of people in the industry and weighing the two options. The analyst is also very understanding and doesn't mind if I work out of NYC on Friday once in a while when there's not much work, which made the decision a little easier. All in all, moving down's a sacrifice, but I'm looking forward to learning as much as I can and hoping for the best.

Thanks for all the advice fellow monkeys!

 
Best Response

I've relocated cities (and continents) twice in my professional life. Both times were great experiences in learning, exploring completely new stuff etc.

That said, I did both moves with my girlfriend (later wife). Exploring a new experience is much more fun when you're doing it with someone else, particularly as experiencing new things together is a leveling experience between you and your partner.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

Thanks to all for the great advice/perspective!

To get more specific, @"chronk" @"thebrofessor" the regional opportunity is equity research at a MM vs. Moody's in downtown NYC. The MM opportunity would be working as the only associate for a REIT analyst there and it sounds more dynamic. I don't want to pass up the opportunity, but at the same time it's not easy to leave everyone and go there without knowing a soul when I have another, although less exciting, offer in NYC.

 

I was speaking with a junior from Moodys a few weeks ago. It sounded like 9-5 work and a very stable hierarchy (ie low opportunity to move up), applying a lot of cookie cutter templates. The junior was eager to get out.

Your MM option sounds much better.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

im sorry but that's honestly your friends own fault if he was naive enough to think that moody's was going to "promise him the moon", i'm not sure if i can feel that much sympathy . absolutely nothing wrong with moody's, its a great company it's just not exactly high finance or anything

.
 

Thanks for the advice everybody - sorry for not updating sooner, but I took the regional MM offer yesterday afternoon and hoping for the best :)

The regional MM is actually not that far from NYC by train and someone suggested that I speak to the analyst before accepting and see if I could work out of the NYC office on Fridays once in a while when things are less busy, and then stay there for the weekend. I was told that it might not work out with HR (still need to see) but the analyst was very understanding and he wouldn't mind at all if I left early on Fridays here and there for a longer weekend when there's not much happening in the office.

Seems like a really nice guy and I'm looking forward to starting in the next few weeks. Thanks again to all for the advice!

 

Congrats bud. You made the right choice. It's really hard coming out of UG and moving to a place where you don't know anyone, but it builds character and it allows you to see a different part of the country while you're young. If it will really fast track your career (which it will in comparison to Moodys) spend a few years here and then move back to NYC if you're heart really desires. In my opinion you have to take some of those chances while you're young because in 5-10 years you might want to move for a job but you'll have family/ other commitments, which prevent you from doing so. Get involved with the local community and I'm sure you'll make tons of new friends. Good luck.

 

Train ride: Boston, Philly, DC? This is just advice as an old man and dad (young kids though), but learn to live where you're working, you can establish a life somewhere else and still come back if you want in a few years. Unless it's some weird city where you don't want to hang out on the weekends but most train rides within distance of NYC are pretty cool towns. Best of luck and congrats.

 

All right, I think you want someone to say "don't leave NYC". So will I say do not leave NYC, just stay in your comfort zone and miss all the opportunities.

“It is our fate to be tormented with large and small dilemmas as we daily wind our way through the risky, fractious world that gave us birth” Edward O. Wilson.
 

The hard reality is your friends may be moving on as well, seeking job opportunities, starting their own careers. So if you turn down what could be an amazing start to your career only to find your friends leaving to pursue theirs you'll regret it big time. Take the job, stay in touch with the friends as much as you can and make a ton of new ones in NYC.

Give me a kid whose smart, poor, and hungry...............
 

Take the job you're more interested in. Moving fosters a ton of growth, and while there can be homesickness and downsides, chances are that you'll adapt quickly and build new relationships anywhere you go. Don't fear change or failure.

 

It's a personnal choice. It's a good thing that you asked for advices but in the end you will be the one relocating hence don't let other chose for you. Put things in perspective and see what's best from your point of view, right now and in 2, 5, 10, 40 years.

 

Dolorem et aut neque velit perferendis quis sapiente. Qui autem aperiam temporibus debitis dolore. Dolor esse minima illo quos voluptas debitis asperiores dolor.

Est eum neque ut officia quibusdam laudantium. Sint quos quia error ut. Qui quam id rerum.

Dolorem perspiciatis et ipsum dolores velit aliquam. Deleniti praesentium molestiae tenetur. Sint velit ipsa occaecati adipisci ullam itaque.

 

Sit maiores et maxime aut et ipsa. Eius placeat excepturi eius aut expedita autem reprehenderit.

Aspernatur reprehenderit adipisci quidem ratione nisi quisquam. Ipsam vel omnis assumenda unde sunt. Consequatur ut ut est ea. Velit voluptas culpa quis maiores nesciunt aliquam eius. Voluptatem molestiae ipsam alias. Voluptatem qui est consequatur nihil dolores.

Sit perspiciatis nemo et vel numquam quis laborum. Tempore ducimus voluptatem quia similique hic nostrum. Aliquam impedit corrupti id dolores repudiandae tempora maiores. Et nisi autem ut velit vero.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
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...”