As senior vice president, Alliance Capital, wholesaling for the Manhattan region, I oversee about 40 branches and 3,500 brokers. All the branch managers at Prudential, Smith Barney, Merrill Lynch, Morgan Stanley, UBS--they all know each other, and everyone tries to get into Manhattan because then they get the accolade of, "Well, you made it."
This is the fair city here. If you get a Manhattan branch, you're done. You've gotten the platinum handcuffs.