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Top Cities for Investment Careers

Hey all - just curious from all the knowledge on this forum - what are the top cities for Fixed Income and Equity jobs out there besides NYC? ]

Specifically, I’m curious about PM or Analyst positions.

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Lincoln, Nebraska or Jackson, Mississippi

.

"Ask me how to clean the Shewee"

boston has a lot of shops,

some popping up in SF

Chicago . Philly , Boston , san-fran and apparently Toronto

\\\"Sometimes the Bird sometimes the statue \\\"

Wat about Orange COunty area or LA? Theres alotta rich ppl there.

Some of the greatest financial schemes of our time were orchestrated in Orange Co and L.A.

Well for starters, Connecticut is the capital of the hedge fund world…

Seriously why would anyone who qualified for these type of jobs even ask.

It’s like a basbeball player asking, “where can I get a job in the majors outside of the New York Yankees”??

No one has mentioned London, Tokyo, Singapore, Hong Kong, Shanghai, and Dubai so I’ll throw them out there

Right … its exactly like that.

The point was to shed some light on cities a little off the beaten path that have a surprising amount of investment jobs. For example, I didn’t learn till recently that Minneapolis is Top 5 in the U.S. for fixed income AUM.

Flame away…

There is always equities in Dallas

A little “Liar’s Poker” reference … I like it.

I think very few people doubt the fact that best opportunities in investments lie outside of USA.

Neud Wrote:
——————————————————-
> I think very few people doubt the fact that best
> opportunities in investments lie outside of USA.

I wonder about this. Obviously London is a slam dunk, but beyond that?

I just got into a top b-school and my gf is trying to get me to move with her to Shanghai when I finish. I don’t speak or read any Chinese (she is fluent in both of the major dialects), and can’t really imagine becoming a successful analyst / PM in that sort of environment. I know English only speakers can get jobs, but can they excel? How will you make useful stock picks if you can’t even read most of the primary documents? Just wondering what you guys think.

Neud Wrote:
——————————————————-
> I think very few people doubt the fact that best
> opportunities in investments lie outside of USA.

Actually, I think a lot of people would doubt that… Also, that is an opinion not a fact.

Well, if “top cities for investment career” mean “work more for less money”, then of course USA is the way to go.

It is pretty well known that on average, hours are longest in USA.
Secondly, gross salaries and bonuses in USA are lower than in many other countries.
Thirdly, taxation in USA is a high-street robbery by all standards.
Lastly, experience of working in London or in some emerging markets is currently being looked more favourably upon by employers, as US economy is slowing down a big deal, and business of investment banks, pe firms and such extensively develop outside USA.
All in all, the picture is quite clear, isn’t it? :)

I think the best ops are in NYC/Connecticut area, but London is obviously a close second. There are many good places to work in the industry outside of the US

I have heard that the research triangle area in NC has a surprising number of AM shops, and IIRC, that’s where the CFA institute is located too.

You want a quote?  Haven’t I written enough already???

bchadwick Wrote:
——————————————————-
> I have heard that the research triangle area in NC
> has a surprising number of AM shops, and IIRC,
> that’s where the CFA institute is located too.

close ..

http://www.analystforum.com/phorums/read.php?13,593174,593174#msg-593174

Are you telling me there are other countries outside of the USA ? Wow…

Well, to be honest, I have yet to hear some really valid reasons to choose USA over London or some emerging markets in terms of working location. Would be interesting to hear some, if you think they are available.

Neud Wrote:
——————————————————-
> Well, to be honest, I have yet to hear some really
> valid reasons to choose USA over London or some
> emerging markets in terms of working location.
> Would be interesting to hear some, if you think
> they are available.

If you have “an accent” your attractiveness increases about threefold in the US! New York less so.

Neud - you have no idea what you’re talking about. We work more for less money in the U.S.??? Hahaha, that is one of the most ignorant comments I’ve seen on this board in a long time. I’m sure they work less in China and India and get paid a lot more, right?

I would say London first - especially at the moment with the strength of the pound and weakness of dollar.

2. New York

Then in no particular order Hong Kong/Tokyo/Dubai/

China is a long shot off at the moment and for Brits/Americans integration can be difficult - much easier to be working in a Anglo Saxon environment- US/UK/Australia/Canada etc..

DirtyZ Wrote:
——————————————————-
> Neud - you have no idea what you’re talking about.
> We work more for less money in the U.S.???
> Hahaha, that is one of the most ignorant comments
> I’ve seen on this board in a long time. I’m sure
> they work less in China and India and get paid a
> lot more, right?

Well, in my country people get paid more on gross terms, and pay several times less in taxes than you (americans) do - that is, if we are talking about front-office roles in bulge bracket investment banks, top PE firms and the like. Hours are shorter also. I don’t really know what you laugh at. For me, it is indeed funny how people may be happy paying 50% of their gross income (which is nominated in weakining dollar) as taxes. You are ignorant, DirtyZ, not me - I know very well what my peers (who work in similar roles in USA) make and how much they work for it. I would not wish to be at their place :)

No offense, but I don’t think your peers constitute a perfect sample of the United States investment industry. There are plenty of people making boatloads of money in the US…

Neud Wrote:
——————————————————-
> DirtyZ Wrote:
> ————————————————–
> —–
> > Neud - you have no idea what you’re talking
> about.
> > We work more for less money in the U.S.???
> > Hahaha, that is one of the most ignorant
> comments
> > I’ve seen on this board in a long time. I’m
> sure
> > they work less in China and India and get paid
> a
> > lot more, right?
>
> Well, in my country people get paid more on gross
> terms, and pay several times less in taxes than
> you (americans) do - that is, if we are talking
> about front-office roles in bulge bracket
> investment banks, top PE firms and the like. Hours
> are shorter also. I don’t really know what you
> laugh at. For me, it is indeed funny how people
> may be happy paying 50% of their gross income
> (which is nominated in weakining dollar) as taxes.
> You are ignorant, DirtyZ, not me - I know very
> well what my peers (who work in similar roles in
> USA) make and how much they work for it. I would
> not wish to be at their place :)

How long do you think the good times will last? You’re in Russia right?

I thot ppl in HK/Shanghai work ridiculous hours…. although they pay less in taxes and has lower cost of living.

globaltrade Wrote:
——————————————————-
> I would say London first - especially at the
> moment with the strength of the pound and weakness
> of dollar.
>
> 2. New York
>

Agree. I live in NYC but I want to move to London in 3 yrs.

Neud Wrote:
——————————————————-
> Well, to be honest, I have yet to hear some really
> valid reasons to choose USA over London or some
> emerging markets in terms of working location.
> Would be interesting to hear some, if you think
> they are available.

1. The fall of the dollar, as a long term pheneomna

2. Higher growth in emerging markets and in Asia in general

3. Better travel ops in Europe

4. Better food in Europe

5. Lots of oil in Canada=Lots of money

6. Australia has very good surfing and beaches if your into that sort of thing

7. Carribean has nice weather

Not to say that US doesn’t have advantages and the rest of the world disadvantages…just showing the opposite side of the specrtrum

CFA_Halifax Wrote:
——————————————————-
> Neud Wrote:
> ————————————————–
> —–
> > Well, to be honest, I have yet to hear some
> really
> > valid reasons to choose USA over London or some
> > emerging markets in terms of working location.
> > Would be interesting to hear some, if you think
> > they are available.
>
>
> 1. The fall of the dollar, as a long term
> pheneomna
>
> 2. Higher growth in emerging markets and in Asia
> in general
>
> 3. Better travel ops in Europe
>
> 4. Better food in Europe
>
> 5. Lots of oil in Canada=Lots of money
>
> 6. Australia has very good surfing and beaches if
> your into that sort of thing
>
> 7. Carribean has nice weather
>
> Not to say that US doesn’t have advantages and the
> rest of the world disadvantages…just showing the
> opposite side of the specrtrum

Hali have you decided on a move? Takes guts but I think you should do it.