I didn't know about the contract! What did I get myself into!?

Hello,

Now that I have your attention, I can ask you a question lol. Sorry for the weird title though. I am currently in college and recruiting for summery analyst positions. I have been getting a lot of interest from big banks and I wanted to skip ahead and ask about the 2 year analyst contract.

What obligations does it have? What happens if you quit or get fired? Sorry for the newbie questions, appreciate all your answers (except the trolls).

5 Comments
 
Best Response

Contracts at banks vary significantly, and it is often a good idea to ask about the terms of these contracts in official 1st round and superday interviews. This is an important consideration as terms can include; clawbacks on bonus and salary for sleeping more than 4 hours in a single night, and full repayment of wages for early termination.

Make sure to direct your questions to Vp + level guys if possible, as they will be more informed on the current contract rules.

 

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