This post originally appeared on Northeastern Global News. It was published by Cynthia McCormick Hibbert.
MIAMI—A few months before Northeastern University student Amy Oh joined Goldman Sachs in Miami as a co-op student, the investment bank signed a lease that will double its office space on South Biscayne Boulevard.
The new lease is a sign of the financial times in the Magic City, which some are now calling Wall Street South.
For Oh, a business and psychology major, the chance to work for five months at Goldman Sachs “was a really rare opportunity I couldn't pass up.”
“The name and reputation (of Goldman Sachs) precedes itself,” Oh says.
In Miami, she works on a product management team dealing with private wealth, which media sources say is pouring into South Florida from Latin America and other U.S. states.
In addition to Goldman Sachs, which has had a presence in downtown Miami since 1988, Citadel, Virtu Financial and Microsoft are among the other financial and tech firms moving workers to South Florida.
Goldman Sachs also has an office in West Palm Beach.
Oh says she had heard the area was experiencing a financial boom, but until she moved to Miami, “I didn't realize the extent to which it is up and coming.”