Investment Banking Pay (Depends On Location?)

<p>I'm under the impression that investment banking pay depends on where you work. Let's say there's an employee working for Morgan Stanley in San Francisco, and another in Downtown Sacramento. Will there be much of a pay difference?</p>

<p>BBs will pay the same at all their locations (NYC, houston, chicago, sf), at least for ib.</p>

<p>lol it would be very unlikely an equivalent firm in SF would have an office Sacramento</p>