Are non-competed enforced if pod blows up?
Currently an analyst at a MM (P72/BAM) and pod blew up recently. Trying to get re-poded internally but wondering if that doesn't work out and I get let go, will the non-compete still get enforced?
Hard to say without all the facts, but short answer is yes. The non-compete is with the fund, not the pod. Whether they choose to enforce is a different question. Once you have an offer, it is an easy conversation to have with your current fund. Same thing happened to me and they waived it. Best of luck.
If your pod blows up and you don't get placed internally into another pod then they most likely won't enforce for analysts. At the PM level it's less clear. It really depends on the fund: some funds will basically push you hard to take an internal placement, others basically won't care about the churn. If you're at the latter sort of place, and you really don't like any of the other pods, you can just decline all the interviews, take your 1-2 months of severace pay and look for a new job. that's what I did.
I've usually seen it waived at the analyst level because they don't want to pay you while you sit out for however many months.
Rem labore ullam omnis eius expedita eum. Modi consectetur nostrum nisi possimus eum sed. Similique dolorem pariatur commodi fugiat. Sequi consectetur veritatis et similique voluptas distinctio.
Amet aspernatur eos ducimus ut voluptates dolor. Et a labore deserunt. Omnis qui eum voluptates vitae.
Possimus ipsum accusantium aut necessitatibus mollitia. Impedit tempora mollitia rerum commodi id fuga sapiente soluta. Laborum non earum provident accusamus non numquam. Voluptas qui cupiditate placeat fugit porro.
Enim unde quidem nisi eum fugit impedit ut. Numquam nobis recusandae vero possimus deserunt vel sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...