Is a 2 weeks notice customary in banking? quitting advice plz

Been interning in a corporate banking role at a BB for a few months now for 50k/yr...recently got an IBD analyst job that pays standard 70k+bonus also at BB--they wants me to start in a few weeks. I've been with my current firm for a few months and am involved knee-deep in a variety of projects.

Would you guys give a 2 weeks notice? Or is a week/few days better?

Also--what to say? When I signed on w current firm, I overheard my MD talking about how unprofessional it is to renege on a signed contract.... worried he may contact future employer.

Should I just say I need to go finish some classes/family emergency/etc??

Appreciate it.

13 Comments
 

Depending on the contract you signed with the first firm, it might actually say you have a longer notification requirement. For associates, at my bank, the requirement is 30 days (up to 90 days for MDs), but it doesn't mention anything for analysts. 2 weeks is standard practice in the rest of the US and seen as being polite. You don't want to burn the bridge so I would go 2 weeks.

Keep in mind that if you're still in your lockup period, then you might have to repay your sign on bonus too

 
Best Response
advantageplayer

Been interning in a corporate banking role at a BB for a few months now for 50k/yr...recently got an IBD analyst job that pays standard 70k+bonus also at BB--they wants me to start in a few weeks. I've been with my current firm for a few months and am involved knee-deep in a variety of projects.

Would you guys give a 2 weeks notice? Or is a week/few days better?

Also--what to say? When I signed on w current firm, I overheard my MD talking about how unprofessional it is to renege on a signed contract.... worried he may contact future employer.

Should I just say I need to go finish some classes/family emergency/etc??

Appreciate it.

Don't lie man, are you serious? Just give two weeks, plain and simple. Turnover happens.

speed boost blaze
 

Give them two weeks notice. They will likely want to keep you around (slight chance they don't) and you should try to leave on a good note by helping make the transition as smooth as possible and closing off as many loose ends as possible. No need to burn a bridge, you never know when you may come across your coworkers/managers again and strong references are important.

Array
 
KingKongVodka

quit after only a few months? is it normal?

I wouldn't call it "normal" but it's not uncommon. I quit 6 months into my first job, and several of my analyst class did as well. Better things come up all the time - you gotta take care of you.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Just be certain as this will most likely burn a bridge.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 

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