Forced to move or lateral under 7 days? (edited)
If a bank forces team to make the decision to move to a different city within 7 days or be locked out, how feasible would it be to "agree" to relocate but instead lateral somewhere else within 4-6 months and within same city? (nyc).
In this market I't be hard to do it in 7 weeks even…
Even in 2021 it would be a challenge. No bank will hire a candidate without interviewing others (may even be a policy), and taking into account 2-3x interviews it just doesn't add up.
This being said, nothing wrong with moving and then trying to lateral afterwards. Its not like you would be there for 5 years
Well, are they providing relocation assistance? Being forced to move in 7 days without any assistance seems strange.
No chance they just told OP "you have 7 days to move", if they did that'd be ludicrous. My guess is OP doesn't actually have 7 days to move, just make a decision, or they've been working remote in a different city knowing they'd have to move by a certain date and has been putting it off till the last possible second.
No this actually happened. Truist.
Can someone explain what the rationale is to make someone move? How does that even benefit the bank?
Like above mentioned reduce headcount (in this case offered to keep some knowing a chunk will decline.) I'm not sure how much sense it makes to shut down the NYC office of any IB
You sure this isn't just bad second-hand info? I heard 7 days to make a decision, not to move in 7 days. The bank is giving up to a year to relocate.
Might consider changing your name
…Wait, Truist relocating business in 7 days? 15min to make a decision and you better be a quick packer, sure not too much leisure time this week to wrap things up while grinding. Sounds wild but better tell everyone!
Bazoberry clearly isn't the brightest - I work with him
"Senior banker" lol
You can't delete a post on this god-forsaken website?
Apparently not. Sorry didn't mean to make you change your name, new one is funny.
Weren't you NYC?
Don't give out the guy's personal info, c'mon
This sounds like incomplete info as mentioned above - 7 days to make the decision is reasonable. Lateraling takes minimum 4-6 weeks even in the best markets, much longer these days if you can even find a spot
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