An1 quitting - pay back sign-on? covid times
Question to analysts who quit <1yr after joining/recently quit, did your bank push hard to get back the sign-on?
At my firm we have to pay back our 'training costs' for the regs exam too- anyone know what the ballpark amount is?
Hoping that covid would have the banks go easy but who am I kidding
I have no experience with this but don't think anyone will actually follow up with that. At least not at the analyst level, and during covid.
If you're quitting sub- 1 year to leave the industry altogether, I would just ignore the policy and leave. Probably costs the bank more to go after you for 10k.
bump
They won’t come after you. My friend got paid for 2 months after quitting too lmao
Do you know how come they got paid for 2 months? Surely wouldn't mind that after quitting...
no cap?? is this a BB
Is the claw back provision specific to sign-on and training costs? Or is it general to any comp outside of base salary? JC. I think that every HR is different as they are the ones that would be off-boarding you etc. If there is an extremely nuanced off boarding program for people who quit then maybe, but I would just suggest just being quiet unless HR brings it up to you.
An1 here who quit ~6 months in. I was at a BB in NYC, and had to pay back my signing bonus. No registration fees associated.
Did they really pursue the signing bonus? What did they say? I thought BBs kinda let it slide for the signing bonus... that's a big bummer to hear.
Did they threaten to press charges or something?
Lol chill guys I’m assuming if you didn’t pay they would just send your info to a collections agency to try and get it. Wouldn’t affect you other than your dog shit credit score. But I could be wrong
Go on leave for health (mental health.. whatever) and they have to pay you for that sick leave. U can take around 1-3 months depending on the firm. Then say due to continued health issues I have to quit.. and there u have an easy way to quit and get 1-3months extra pay.
is this really doable? what's other people's view on doing this?
I've seen it happen. But fairly or not, the opinion of you will go into the gutter if you quit after medical leave unless it's really obvious you have something actually wrong with you, or if you have established a reputation as a top bucket analyst before your leave. Would definitely not use your team as a reference to be safe.
also when you go on medical leave they aren’t hiring to replace you because they think you’ll be back. so you’re really doing your colleagues a long term disservice.
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