How to tell group you’re lateraling?
Got a lateral offer recently... how do I tell my group I’m leaving? Do I say I’m going to another IB (but not mention the name)? Do I give 2 weeks notice or do they automatically terminate me? Help!
Probably will be done at the bank same day you tell them, at most a day or two later
Really? Can anyone confirm this?
From what I know, that's standard.
Confirmed. We just had an analyst leave for a lateral position, he intended to work for two more weeks. Due to confidentiality they walked him out same day.
Case by case
Will probably be an immediate termination or a gardening leave until notice period ends.
If you want to stay for 2 weeks don’t tell them you’re going to another IB. If you want to take a break before starting say you are going to another bank because you think it’s more aligned with your interests but thank them for the opportunity.
going through this right now - my group specifically said they want me to stay for 2 weeks to handle transitions and handing off work
Just send a Dear all letter. Don't forget to mention what a great journey it has been lol
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