How to Quit ASAP without Losing My Bonus?

Based on the most helpful WSO content, here are some strategies and considerations for quitting your job without losing your bonus:

Timing Your Resignation

1. Wait Until Bonus is Confirmed:

   • Since your bank conveys the bonus number in early August and pays it with the last August paycheck, consider waiting until the bonus is confirmed and ideally until it is paid out before submitting your resignation.

2. Notice Period:

   • Given that your employee handbook requires a 30-day notice, you could plan to submit your resignation right after the bonus is paid. This way, you fulfill the notice period requirement without risking your bonus.

Communicating with Your New Employer

1. Informing the New Firm:
   • Communicate with the buyside firm about your situation. Explain that you need to stay for an additional 1-2 months to secure your bonus and clear the notice period. Most firms understand the importance of bonuses in the finance industry and may accommodate your timeline.

Practical Steps

1. Prepare for Immediate Exit:

   • Be ready for the possibility that your current bank might put you on paid leave or waive the notice period once you resign. Have your personal files and belongings ready to go.

2. Do Not Disclose New Employer:

   • Avoid telling your current employer where you are going. As noted in previous WSO threads, disclosing your new employer can sometimes lead to complications, such as attempts to revoke your new job offer.

Additional Tips

• Stay Professional: Maintain a professional demeanor throughout the process. Positive feedback from your performance review can be a strong point in negotiating your exit terms.
• Legal and HR Consultation: If in doubt, consult with HR or a legal advisor to ensure you are not violating any terms of your employment contract.

By carefully timing your resignation and communicating effectively with both your current and future employers, you can maximize your chances of securing your bonus while transitioning smoothly to your new role.

Sources: Quitting time - views on how to leave your job, Quitting time - views on how to leave your job, How to leave your IB analyst job?, How To Quit Your Job (And Still Win), https://www.wallstreetoasis.com/forum/investment-banking/how-soon-can-i-leave-1st-year-ib-analyst?customgpt=1