September 4th, 2008, 3:33 am
QuoteOriginally posted by: iconWould be interesting to see what the pay differential is between NYC and Texas but I imagine it can't be all that bad.It actually is. You can PM me for numbers. To be fair, NYC is much more expensive than Texas so a lot of the pay difference goes to taxes and rent. But the pay difference is quite steep. What was much worse than the pay difference was the lack of career opportunities in Texas for geeks. You reach a certain point and it becomes painfully obvious to you that you've gone as far as you can go. There is something of a glass ceiling for geeks in NYC, but it is at a much, much higher level. Austin is a nicer city than NYC, but Houston isn't.QuoteIf you work at an ibank in Texas why wouldn't you have the same career opportunities as working for the same firm in NYC?Because big investment banks are federations of groups, and while the IB's put commodities and some real estate and sales in Texas, pretty much everything involving quantitative finance is in NYC. One of the interviewers I had was with the energy group for a big IB in Houston. The head of the group was one of the nicest most helpful people I've ever met, and he told me that if I was specifically interested in energy that he could go further with the process, but if I wasn't, I was much better off getting a job in NYC. He was right.This is one of the things that you just have to find out for yourself. If you try to find a good FE position in Texas and land one, then great!!! But there is one data point for someone that tried for two years, and didn't get anywhere with it.
Last edited by
twofish on September 3rd, 2008, 10:00 pm, edited 1 time in total.