somedude wrote:1st yr associate midtown, live in brooklyn, 30 minute door-to-door commute. if you're a person who thinks he/she belongs in brooklyn / queens, don't let the "oh the hours" "oh it's so far" nonsense stop you...you'll be fine. (if you think that advice sounds stupid, then live close to the office.) my advice is to save money on rent (somehow....roommate(s)/brooklyn/queens) and save the money. if you decide that you're too far from work in year 1 AND after a year you still see yourself working at the firm for several years, then move. but if you're like the majority of people who start on day 1, you will be gone within 3 years. save more money and pay down your loans faster. some people pay $2800ish for rent in year 1....they are effectively borrowing money from their future selves to live in apartments that they will be practically unable to afford for the rest of their lives. don't do it.
I don't necessarily disagree with this, but to take the other side of this argument: by the time you reach your 3rd year, you'll be making ~$10k/month. So, if spending a little extra on an apartment delays burnout just by a month or two, you can easily come out ahead. And, of course, if being less burnt out helps you land a better exit opportunity, then that will pay off for the rest of your career.
All else being equal, you should save as much as possible. But all else is never equal. So it's up to you to know yourself and know what's going to drive you crazy and what isn't.