Investment Banking Careers: London vs New York

​ @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?

Goldman Sachs pays R$ 2700 (US$ 465) a month for an intern in Brazil. US$ 5580 a year for 6 hours of work a day, 12 months. Cleaning ladies and gas station attendants make more than that.
And no, things are not so cheap here.

Can you please make videos on RFP roles in asset management and exit opportunities?

Someone told me when they went New York everyone seemed depressed. This must be why

Yessir!

the US also fires employees easily...

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?

If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key. with the help of a professional broker Mrs Sophia Charlotte i make a good profit!!

Great Video, can you share a detailed video on topic ‘ How an Indian Professional working in India in an Investment Bank can apply for foreign investment bank job?

Great and honest insight, thanks Afzal!

Great content! What do you think about the CFA ESG exam? Is it worth doing for asset management?

New York is answer no comparison

I see you comment a lot on Investment Banking careers. However, I saw on your Linkedin you were in the GSAM division of Goldman Sachs. Additionally, you have no previous experiences in actual Investment Banking. When were you an Investment Banker?

Working in finance is not easy anywhere
I guess the difference between NY and London if once you get to the level of that intensity it's the marginal difference between working 12 hours a day or working 16 hours a day and the additional pay you squeeze out of it

Can you please make a video on what does investment bank analyst does , role of analyst.

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.

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.

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

Also new york hrs are longer due to the fact that usa does more deals due to the economy

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