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Conversion of participating interests to ordinary interests
Does anybody have experience of the treatment of LP's undrawn commitments to acquire participating interests when they resigns from an investment advisor? Is it common practice to convert their undrawn interests to ordinary interests, or would a special provision for this be required in the...
One or Two Week Notice Period??
I am in a unique situation: I started at an HF less than 6 months ago and was really not happy there when a BB unexpectedly recruited me earlier this month for an opening. I interviewed, was given the verbal offer yesterday and accepted all their terms. They are drawing up a formal letter for me...
Non-solicitation Period Post-Resignation
Should I quit? or Suck it up?
Hey guys,
6 Lessons Learned After Leaving Finance For Entrepreneurship
I’ve met countless folks in finance who are unhappy with where they are in life, but never do anything about it. Whether they are clients, colleagues, or competitors - the script is pretty much the same: “I’ll just work another X years, collect Y bonus, and then I’m out of here.” Bonus...
Urgent help: can I resign conditional on a guaranteed notice period?
I'm currently at a BB and have accepted a lateral offer at another BB and people in my group and HR have found out. I am under enormous pressure to turn in my resignation notice, but here's the problem: I cannot immediately start working at my new job until some Visa related paperwork has been...
Best way to quit AND get my bonus?
Looking for some opinions on my situation. I am currently in Asset Management but recently accepted an offer from another firm to go into investment banking. My bonus at my current firm will be paid out in December and I don't start my new job until January, so common sense says not to say anything...
Epic Resignation
Leaving a job can be a highly charged emotional situation. It seems that of late, many individuals have taken to social media to air out the dirty laundry upon exit. In March, Greg Smith, formerly of Goldman Sachs provided a scathing review of his former employer, providing insight into the inept...
Will resign in 1 more hour. Feel like crap
In one more hour I am meeting with my boss and gonna inform him that I will be doing my MBA this fall. I FEEL LIKE CRAP. I know it is the right decision for many personal and professional reasons, but still I feel like crap. This is my third job and never had a problem resigning before.
Resignation "Go Bag"
Monkeys, I'm resigning from my firm today. When you have strategically planned your resignations in the past what did you take with you? A lot of what I have worked on is my firm's property and I understand that, but what would you, or have you, taken with you? i.e. outlook contacts There's a 1%...
RESIGNATION letter
Does anyone have a sample resignation letter they wrote, or any advice on how to write a resignation letter? ...I searched WSO ... didn't find much... any advice would be appreciated!
People who have left IB to pursue a passion
I've seen some posts on here about how the financial security provided by a career in investment banking will eventually allow people to leave the industry in pursuit of a passion or lifelong interest. Have you ever had a co-worker tell you that they were leaving the company and when you asked "what...
Resigning while Traveling
I work in consulting, and have recently received an offer to join another firm. I am away at a client site right now, and my boss is in a different office. Under normal circumstances, the best way to resign would be to speak to her in person with a resignation letter in hand. Unfortunately, this...
Ken Lewis resigns from Bank of America
Ken Lewis has announced his resignation as CEO of Bank of America , effective at the end of the year. No replacement has been mentioned as yet. Text of his resignation letter on the following page: [quote]To my teammates: As some of you may know, I always end my summer in the mountains, giving me...
Resignation
I report to two managers - Manager 1 is a higher level than Manager 2, but Manager 2 is the hiring manager. Who should I inform first that I'm resigning? Or should I set up a meeting with both of them at the same time?
The quick switch
Looking for opinions. I just joined a pretty decent firm as a 3rd year analyst about 6 weeks ago after leaving a small boutique where I worked for 2 years. I got a call from a headhunter last week who said a top BB is looking for senior analysts in the group I am interested in. Since then I have...
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