Deciding between Cities - Need Help

Hey All, I have two offers after 2-3 YE inIBbut having a hard time deciding between the two. I'm 25 years old and single for reference.

VCAssociate (software) - $120k - all-in in Chicago

PEAssociate (business services): $300k all-in in Los Angeles

I am thinking I will make more money in Chicago because of Low Taxes / Low COL. Plus, I hear Chicago has the best weather during the summer, whereas LA has really terrible dry air year round. Plus LA is just too expensive, home prices are crazy there (home prices are super important to me as a single 25 year old), and taxes are 4% higher there which will really eat into the additional $180k I will make in the LA job.

Anyways, leaning towards Chicago, but just wanted to check in withWSOto confirm. Happy thanksgiving

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (28)

最有帮助的
Nov 25, 2021 - 9:55pm

BroPEfor $300K in LA hands down easiest decision of your life.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 6
Nov 25, 2021 - 10:01pm

Isaiah_53_5

Bro $300 in LA hands down easiest decision of your life.

Seconded. Between the two that's definitely the better choice.

354manbetx

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

354manbetx
Nov 25, 2021 - 11:36pm

Here's the thing, COL in Chicago is literally so low that it makes up for $180k of income differential between the opportunities. You can get an 8000 SF house in Chicago for like $500k whereas in LA, a 2k SF apartment is $2mil. Since I'm 25 and will be buying a house in about 10 years, this is a huge concern for me.

I really think the $120k job in Chi-town is the only way to go and the other commenters are dead wrong. I'm not hearing any explanation for why I'm wrong. Plus all my bros from Cincinatti, Ohio State, Michigan State, etc will be there.

Nov 26, 2021 - 9:38am

Are you this dense? 10 years is a long, long time. There's nothing stopping you from lateraling back to CHI or for that matter even lower cost of living cities in the MIdwest like CLE. As of right now LA is the way better pick.

Array

  • 1
  • 2
Nov 26, 2021 - 9:39am

Housing prices are not relevant when you're 25...

Array

  • 1
Nov 26, 2021 - 2:31pm

UCSD, Strider my dawg, is that you?

Quant(ˈkwänt)n: An expert, someone who knows more and more about less and less until they know everything about nothing.

Nov 26, 2021 - 2:32pm

why are you asking us if you already know the answer

Quant(ˈkwänt)n: An expert, someone who knows more and more about less and less until they know everything about nothing.

Nov 26, 2021 - 2:33pm

LA

Interested in health tech, consulting, and entrepreneurship.

Nov 26, 2021 - 8:53pm

Don't feed the troll, this is idiotic. Barring other factors (i.e. family / friends), LA is clearly the better offer here

Guy is just trying to crap on Chicago as it's well recognized that living there gets you very high value for money. That said, it's clearly not going to be enough for a 180k gap. I would take making 200k in Chicago vs 300k inNYC/ SF any day of the week but Chicago vs. LA is going to be a lower COL differential

Nov 28, 2021 - 4:18am

LA bro are you for real? With that big of a comp difference I'd go to Syria over Chi

Dayman?
Dec 2, 2021 - 3:26pm

Cumque aut sunt iste blanditiis omnis quidem. Dolorem occaecati excepturi voluptas dolores aut aliquid illum. Magnam eum et sint et recusandae id repellat. Et sed odio ratione atque doloribus incidunt quia.

Start Discussion

Total Avg Compensation

December 2021万博app网页版

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (237) $235
  • 2nd Year Analyst (146) $155
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (515) $136
  • Intern/Summer Analyst (397) $84

LeaderboardSee all

1
Addinator's picture
Addinator
99.3
2
redever's picture
redever
99.2
3
Jamoldo's picture
Jamoldo
99.1
4
kanon's picture
kanon
99.1
5
CompBanker's picture
CompBanker
99.1
6
West Coast rainmaker's picture
West Coast rainmaker
99.0
7
Betsy Massar's picture
Betsy Massar
99.0
8
BankonBanking's picture
BankonBanking
99.0
9
numi's picture
numi
98.9
10
dosk17's picture
dosk17
98.9