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I think NYC is definitely at the top, and that's where I started my career. Then LA feels like an obvious second to me, unless tech is your big focus in which case you might want to choose SF. But NYC and LA feel like the two big ones to me. I think if you can afford to live in these big cities when you're just starting out, it is worth it. But if you're going to accumulate a ton of debt, probably not.
- NYC is Tier 1* no other market comes close
- LA is next, especially for entertainment and sports
- SF & Bay Area for tech, with Austin as Tier 2
- DC & metro for public affairs
- Chicago is Tier 1.5, especially for all things mid-west
The next tier is either industry specific (Detroit - US auto; Boston - Biotech; Seattle - Aviation + Tech) or regional hubs (Atlanta, Miami, Denver, etc.).
NYC seems to just be its own tier.
Chicago too.
Chicago seems like quite the hub for our field. I'd agree.
Follow up question: If you were to move markets after a few years of experience, and you wanted that New York work experience, how long do you think it is necessary to be there to really get it?
That’s completely fine, plenty of people leave Manhattan, or even the entire city, to start a family. But where would you move TO?
Are you willing to stick around the NYC metro area, e.g. upstate, Connecticut, New Jersey?
Because then NYC can still make sense. If you want to move back to some place far away, then it becomes a different story.
EDIT: Where are you located right now, btw? That will likely color our advice somewhat.