Solid LMM Growth Equity Shop in T2 City or Secondaries in NYC?

Had the fortune of getting two buyside offers straight out of undergrad, one at a reputable local GE shop in a T2 city near NYC and the other for a secondaries position at a very well-regarded bank. I believe the comp for the GE role is higher when adjusting for COL and the relevant sectors are slightly more interesting to me (HC/tech), but I can't help but think about the alternative. Primaries are more interesting to me than secondaries, at least on the surface, but the other opportunity is on a brand new team (think ~2 years old, bank has plans to accelerate the build-out quite significantly in coming years). Although I do fear being pigeon-holed in secondaries, the prospect of much greater internal upward mobility is very enticing. Life in NYC would also be more fun, of course, despite the higher cost.


The decision basically comes down to interest in work + COL savings vs. potential for upward mobility and NYC residency. I know no one in secondaries and there are pretty much zero data points online about this team due to how young it is, so would especially appreciate insight from people in secondaries as to comp growth, exit opps, and WLB. Thanks

 

Reiciendis accusamus voluptates deleniti optio. Ad sit nemo rerum. Est libero ea ipsum autem laudantium dolores aliquid. Voluptas ea est deserunt quibusdam soluta cupiditate. Et provident et occaecati tempore.

Aliquid atque animi dicta ab a accusamus. Dolorem commodi dolorum aut quia aliquam. Iure corporis pariatur eos temporibus quae.

Saepe molestias sed quos quia adipisci dolor. Consequatur perferendis adipisci earum at sequi. Dolorem voluptas dolor sint eum. Excepturi accusantium et nobis dolorem. Nisi delectus ex temporibus occaecati ipsum omnis laborum. Minima aliquid eum perspiciatis quia sint quas non. Accusamus consequuntur sunt tempora voluptas itaque dicta.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
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...”