I know a lot of people want to go down the editorial path because it sounds so amazing. I can tell you that it is, but it's incredibly difficult.
I live in Brooklyn as an Editorial Assistant, and I love my job. But, I have to make a lot of other choices because I'm not paid as much as my friends. The perk though is that I've always wanted to be an Editor at a publish company so I'm finally doing it and most of my friends hate their job.