When is the earliest time a 1st year should quit without hurting the bonus
(Chimp, 6
Points)
on 5/27/07 at 11:09am
Got a HF offer, can start whenever and so I can't wait to quit.
Technically review is over, but HR has not finalized the bonus number. Should I wait till the bonus hits my bank account, when they gave me the bonus number, or even earlier?
Any of you have experience quitting after 1 year in a BB ibanking firm, or know stories of other quitting after 1 year?





quit on payday - check your
quit on payday - check your account first thing and then hand in your letter.
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Wait until it hits your
Wait until it hits your account.
You won't need to give two weeks, because you will get walked out the door the same morning you give notice.
Everyone above is right.
Everyone above is right. Although technically you might be able to leave at the end of the month of whenever bonus communication is. Just to be safe, I would go with everyone's suggestion above.
Right On
Yeah, most important thing is just to wait until it is in your account.
Definitely wait until you
Definitely wait until you get the money. You don't want them to get pissed and fuck you at the last second. Wait until they can't, then fuck them.
Re: Wait until it hits your
Wait until it hits your account.
You won't need to give two weeks, because you will get walked out the door the same morning you give notice.
Agreed. You'll be walked out shortly after resigning, so be prepared for an abrupt exit. I personally know two analysts who resigned after completing their review with HR and got screwed on their bonus. If I were you I wouldn't speak another word about the HF position until you notify your MD on pay day.
Please answer the following
Please answer the following questions, but don't mention your name:
1. What bank do you work for?
2. Which group are you in?
3. Which HF are you going to?
4. How did you manage to get the position?
Thank you,
Primate1
1. BB, not GS/MS
1. BB, not GS/MS
2. Not a typical group. can't disclose
3. can't disclose
4. Connections w/ stock picking track record. Nothing to do with my IB analyst credential, although they do appreciate my modeling experience.
Can you elaborate on the
Can you elaborate on the stock picking track record a lil' bit? I know someone else doing HF interviews who said that his lack of personal investing is giving him a hard time with interviews.
Worked at a HF before and
Interned at a HF before and picked some good stocks. No personal investing experience though due to long hours and compliance complication.
It is probably harder with no personal investing experience, but some HF just want to know how you think about businesses (if it's long/short equities).
I have some HF interviews that did not ask me about personal investing experience, but they do want to know if you have a view on certain industry/company... so you do need to be ready to have a few stock picks.
Regarding Primate1's Q4, 1st year analyst can land HF/PE jobs through headhunters too.