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For example, you won’t work on many cross-border transactions.

You will only know about the US financial system and regulations, and you will only know about the "American way", which will be extremely different from what is done internationally.

For many Europeans and others outside the US, New York always sounds like an attractive destination to learn Investment Banking from the best and have a "US experience" on your CV. America is on the left, Asia on the right, and in the middle is Europe. Even as far back as in the nineteenth century, the City has always been dominated by foreigners in the business of banking and trade.

For Americans and many from Asia Pacific too, London is also attractive given the more comfortable lifestyle it offers, and opportunities to work on deals across multiple European countries. New York as financial centres - a brief history New Yorkers often imagine their city at the centre of the world. But after war engulfed Europe in 1914, Europe had to recover and the City lost its place in global finance to New York.

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