Investment Banking Careers: London vs New York

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[mousquetaire]

I'd love to see a video on how to analyse a bank's financial statements and what they say about Financials vs other stock market sectors.

[zedman]

The quality of your videos are so good

[ryanf]

Would be really interesting to see something similar for some of the 'newer' markets such as Dubai / Hong Kong.

[williambardsley]

European bonuses will smaller than NYC for the foreseeable future as any bonuses at a financial instiution over 50k euros has to be share holder approved if its more than 100% of the base. So finding salaries with cash or even stock bonuses over 100% of base in europe is rare for anyone under MD level and this has been the case for 10 yrs now. It's called the EU 2013/36 directive for anyone who cares and wants to read up on it.

[williambardsley]

One of the things that often doesnt get mentioned is that UK pensions are way better, ie where I work I get 13% of my salary from my employer put into my pension and I get 30 days off a year. I have lived mostly in London but also NYC and cost of living in London is a lot less. When you compare the full package + the fact UK firms cant just sack you on the spot when down turns happen. So the full comp is closer than the headline figure of salary + bonus that most people see. Then lifestyle as well when you live in London is better imo. I can fly out to anywhere I like in the world and north america just cant compete with europe in terms of holiday destinations. So if you are lucky enough to have to choose between london vs nyc then I would say if you are a hustler, work super hard and dont care about time off and just want to make as much money as possible then nyc is the place for you. On the other hand if you want to make good money but also enjoy yourself London is an extremely nice city to live in if you are making £150k+ a year.

[high-reshallucinations]

to actually do well and sustain a long career, you have to bring more to the table than just dollar signs in your eyes—curiosity, tenacity, and a willingness to learn the ropes. If you’re solely fixated on money, the demanding nature of the job can quickly lead to burnout or lackluster performance.

Hence, the cliché is true for a reason: You can’t only be in it for the money, or you probably won’t last long enough to make the big money.

[Luna-quxp]

Great video! I guess you have to ask yourself what your priorities are between those factors. For me I want a sustainable career and I just would burn out in that New York work culture. One thing I noticed when working in the New York office v London office is that the New York office is less social when it comes to after work but also when it comes to talking about personal life at work.

[macrocosmicorbit]

Was in Manhatten recently. Gallon of Milk is $10..Stamford, CT IS really nice though..Also a factor in that markets open 9.30 in NYC in London its 8 .. that extra 90 minutes is a godsend if your not a morning person ( and if you are not a morning person . Finance is def not for you)

[Johnnyrockanthem]

First! Notification gang. Afzal dropping another gem

[financialwellnesswithdev]

Great and detail information. That was really helpful. Thanks a lot..!!

[high-reshallucinations]

Both cities are world-class finance hubs. New York might appeal to those who prioritize maximum earning potential and high-intensity deal flow. London might fit those who want a strong career in finance with a bit more holiday and a slightly more balanced pace of life.

[dac]

New York is far more intense with a stronger work ethic than London or UK in general

[leonardoreix]

Afzal make a video about career in Equity Research in USA or London too. (I’m a student from Brazil)

[Konzuug]

I think the starting salary in London is a bit dated. S&T offer was 75k sterling plus bonus.

[littlevivi]

Great and honest insight, thanks Afzal!

[eddybillrutajoga]

Just a quick question if you work in london in an investment bank and do an intracompany transfer to new york, will you be paid the same as the guys in New york or still like in London?

[elliotpayne]

Great content as always, any chance we can get an "introduction to S&T" book in the future? Cheers

[arslan_TM]

Would you like to make a video on how to network People in IB and get recruited in London from asia region as this is the most hectic struggles of finance professionals to move to high finance jobs from 3rd world countries like, India/Pakistan

[AbdulRehmanSh]

​ @AfzalHussein which market nyc or london is best for a person who want to pursue his career as a trader whether stocks or etc? and which market will provide him with the opportunities to learn more in trading?

[ItsSoVintage]

It’s possible to work in IB in New York if you are from the uk?