Say you have a summer offer — when is it expected that you stay at your bank until ? How early are you allowed to quit (eg to go travel)
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i would ask the fund about the fund’s preferences rather than a forum of anonymous strangers
I think the OP is assuming the fund would want him or her to keep working and gain deal experience until the start date, obviously not what he or she wants, and was trying to get a sense from random Internet types of what we thought would fly in the way of a break. I myself have no idea, but I DO see the danger of the OP following the above advice, getting the reply "until the start date, duh" and then having to stick to that.
Yes, I just wanted to get some data points / hear from what others have done before approaching the conversation — is that such a bad thing??
Not that long. Most programs end in June, if you leave in May no one is going to pull your offer but you can't leave in January for example
Also if you leave your IB program early you are leaving your entire bonus on the table
What if you did a year of banking and lateraled to a better bank so basically doing 3 years of banking. Can you leave like 3rd year January or April for instance? Or what date do you recommend
This is something to ask your fund. April should be okay but for avoidance of doubt why not just run it by them... January you will 100% need their permission
The fund knows you lateraled so you can mention the extra time as a reason to leave earlier, but don't just bounce in January without talking to anyone
Get your bonus and then take a couple months off if you can. Plenty of time to rest up before your new job
I quit early and left a bonus behind but quit in April for a July start in PE. No one at the fund cared (no one knew unless I mentioned also) and if anything they were happy I was coming in rested and healthy. I also had good deal experience so I don’t think I really needed the final few months of banking
Would highly recommend, I came in feeling so much better than everyone who took two weeks off in between
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