How much does location for PE matter?

Hi all, am considering the position of a pretty good MM PE analyst role out of undergrad, but it’s kind of not ideal as to location (would prefer to be in NY but it’s in Florida, not their main office). How much should I really think about location for such a role career-wise (as in beyond personal enjoyment of being in Florida/NYC)? Would it be a negative for my long-term prospects?

 

I would say location actually don’t matter - go for the opportunity that matters

 

I disagree with the above. There are obviously exceptions to the rule but where you take a job will more or less impact your future job prospects because of the network you build. It’s not a perfect science and being at a top shop should still position you well for other opportunities. More importantly, your happiness matters immensely and will absolutely impact your performance + your overall sentiment towards the job. If you don’t think you’ll like Florida I would caution taking a job there just for the experience. If Florida is your end goal or you know you’ll enjoy it because you’ve lived there or have friends that are there, then I’d say go for it.

 

Agree with the second comment - location does matter as when you look to move you'll have little to no network in NY. Regional offices are also pretty discounted in recruiting if your firm is HQed in NY - unfairly imo, but it's true.

If this is your best offer, it might be worth it to do Florida for a year or two and then try to lateral to NY internally or externally. But if you are considering similar offers (or BB IB offers) I would prioritize NY. It'd be different if you were from FL / wanted to live there, but I wouldn't go there if you don't want to unless this is your best offer by a mile.

 
Most Helpful

Saepe et earum ducimus dolore consequatur sint rerum delectus. Earum aut cupiditate voluptatem cupiditate aut aliquid incidunt. Voluptatem harum cum amet vitae consequatur. Eligendi est animi est molestias qui.

Amet deleniti iusto deleniti ducimus iusto tenetur maxime. Non qui blanditiis magni perspiciatis. Aut voluptas sed velit ut. Sint adipisci qui dolor corrupti cum recusandae. Voluptatibus eius ea illum rem. Possimus odio dolores numquam quae sed reprehenderit voluptatem et.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Career Advancement Opportunities

June 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

June 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

June 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

June 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
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...”