I’m hitting a wall with the COL in NYC and eyeing a move to a secondary market like Charlotte or Austin. My biggest fear is the "out of sight, out of mind" thing and whether it's real for carry and exits. I want to know if anyone is actually thriving in PE outside the Tier 1 hubs, or does leaving the city effectively kill your career momentum?

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There are several cities in between NYC and Charlotte that would result in a much less significant career hit

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Texas PE is thriving, especially Dallas. Idk about yall. It definitely isnt NYC, but its not like non existent

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This is an industry that indexes heavily towards in person interactions. Would advise against leaving NYC if you want to flourish in PE.

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Texas > New York
From a general quality of life perspective.

The question really is what are your career goals? There are some great markets out there.

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There are affordable T1 Hubs. If you’re looking at Atx and Charlotte why not Atlanta and Dallas? Both are cheap.

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Miami’s PE scene is incredibly thriving and I don’t feel like career progression nor networking has taken much of a hit since moving from a T1 hub.

Only issue is COL isn’t ideal, but it certainly isn’t as bad as NYC.

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Doesn’t DC have a decent PE scene? Obviously more A&D/Gov focused but I’m sure strong careers nonetheless

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