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I currently work in the BO of a MM firm. To be honest, I show up late, leave early, I just don't give a crap because I know that there are no advancement opportunities. My boss knows this and is annoyed by this but keeps me on because I have certain technical skills that nobody else on my team has.

That being said, I just got a FO offer in the mail over the weekend. Obviously I want to have as much money as possible, but I'm scared that they might get rid of me right when I give my two weeks notice, so I'd pretty much be out a paycheck. What is my best move here, give 2 weeks notice, or give notice 2 days before I leave and lie to them that the other firm needs me to start ASAP?


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Comments (9)

  • TNA's picture

    Give notice. Honestly, we have all been at jobs we hate. Pissing your boss off is probably not a good idea. Finance is a pretty small world. Give him proper notice or else worry about it biting you in the ass later down the road.

  • Edmundo Braverman's picture

    First of all, congratulations.

    I'm inclined to agree with TonyD, even though quitting a job without giving notice was always my 2nd favorite thing to do (getting fired was first).

    Either way, saying goodbye to all the back office mongoloids has to feel good.

  • flyingmonkey's picture

    Give notice (2 wks.) on the day you expect to leave - you will be walked out the door anyway.
    There will be concern that you possess "knowledge capital" that must be kept inside the
    company, so they will escort you out the door.

    Take a few personal things home slowly, but leave at least a picture for removal from your desk
    on your last day.

  • judowned's picture

    Definitely give notice, the potential loss of two weeks salary is not worth a guaranteed bad reference for the rest of your career. If that FO gig falls through or the market goes south again and you get the boot you are going to wish you had left on better terms. If your technical skills are as valuable as you claim he will probably keep you around for the last two weeks to train the new guy or transfer existing projects. Finance is a small community that talks a lot, a bad rep is hard to shake.

  • WantOutOfBO's picture

    Lol, I'm pretty sure these guys are going to give me a bad reference regardless - I've only worked here for about 4 months and don't plan on putting this experience on my resume going forward.

  • In reply to Edmundo Braverman
    dorsia reservations's picture

    Edmundo Braverman:
    First of all, congratulations.

    I'm inclined to agree with TonyD, even though quitting a job without giving notice was always my 2nd favorite thing to do (getting fired was first).

    Either way, saying goodbye to all the back office mongoloids has to feel good.

    Come on Edmundo, there's a lot of us that are trying to be a trader (like you were) that are starting in the back office.....Were trying to get to the front like anyone else...

  • IlliniProgrammer's picture

    Been there. Started off in a group that was considered front office, then we got redesignated IT. I started working from 9:30- 5 for a while after I got my "bonus"- along with almost everyone else in our group, and our boss couldn't do much about it. That said, my boss was a smart guy- probably smarter than me. And whether or not I respected how much he paid me, I respected him as a manager and didn't want to leave him in the lurch. When I got an offer to work for a trading desk at the same firm, I was thrilled. I gave my manager one month's notice- which was barely enough time for a new lady to learn the system I was running- and I transferred. Today, my old boss is getting offers to leave and be in charge of his own trading system at a couple of prop shops. Glad I didn't burn down that bridge!

    For those of you in the back office, there's a lot of hope- particularly if you have some sort of highly technical skills (product knowledge, accounting, programming, math/stats). As the economy recovers, people move from the back office to the front. In some ways, it's probably a good thing that many of us sat out the recession in the back-office through 2008 and 2009. But now, a lot of positions are opening up, you have a track record at your firm- and that gives you a competitive advantage in the internal transfer process over outside candidates. So go on the internal transfer website, submit a job application, and just see how it goes. And if you have a highly specialized or technical skill, you don't have a whole lot to worry about if your manager finds out. What's he gonna do, fire you and spend six months training your replacement?

  • TNA's picture

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