What proportion did the Terminal Value contribute to the Enterprise Value? After New York, the biggest market for investment banking is London , and Arkesden publishes helpful compensation reports there. The food is great, the city is lively and exciting, China is just a subway ride away and it is a fantastic place for young singles to have fun. For pitch books, I typically do research, financial analysis, simple modelling, comps etc. How anyone could believe that working in NYC is necessary to being a good banker is beyond me.