Do you have to live in New York to be an investment banker?
However, new data suggests that the income disparity between New York and other locations in the U.S. is only prominent at the lowest rungs of investment banks. Once you hit a certain level, pay is more correlated with performance, not location.
Where do bankers live in New York?
Historically the most popular neighborhood has been the Upper East Side (ideally Park or 5th). Increasingly other neighborhoods are also in vogue, especially the Upper West Side, and Gramercy Park area. The single bankers or the ones that are doing really well sometimes also consider Tribeca, Flatiron or Chelsea.
How much does an investment banker at Bank of America make?
Average Bank of America Investment Banker yearly pay in the United States is approximately $242,527, which is 144\% above the national average.
Is there a new TV show about bankers from San Francisco?
No, it’s not a short story or a new TV show about bankers – it’s a banker from NYC and one from San Francisco talking to each other. And you read that headline correctly: today you’ll learn how banking differs in different regions of the US rather than going off on adventures to distant lands.
Is San Francisco more expensive than New York City?
In ancient times, New York was the most expensive city in terms of real estate, taxes, food, and so on. Now, however, San Francisco is actually more expensive, or at least as expensive, due to the tech boom and the number of high-paid startup employees there (as of 2015).
Should I start my tech banking career in New York or California?
It depends how certain you are of your “ career path ” – if you’re interested in doing tech banking and then doing a venture capital career in California, you’re better off starting in SF and networking with tech and VC groups there. But if you have no industry preference, you’ll gain more options by starting out in New York.