I've been working at a sell-side research as an ER associate at an MM IB for 7-8 months and I found out about a buy-side analyst position that I applied for abt 2 weeks ago that basically offers better pay and less hours. Now I don't think that I'm going to get the position, but I've recently found out that one of the analysts who works at the firm I'm applying to is on my boss/senior analyst's contact list (along with 50-60+ other buyside PMs/analysts).
So I'm starting to get a little worried. Is it possible that one day, sooner or later, this analyst may get on the phone with my boss and mention "oh by the way, is XYZ one of your associates? He just happened to apply for a job at OUR firm and we didn't take him." ??
So if the boss were to find out, could I get screwed/fired for looking for another job? I mean, I'm performing well at the bank and I like my position but I didn't see the harm in applying for another post that could give greater pay and less hours. And it's not as if I was applying to a competitor (like applying to a different sellside shop). As far as I know, an employer shouldn't be able to dismiss someone for seeking a new job, since that's a basic human freedom AFAIK. Any comments or ideas?