Leaving after 2 year analyst stint
Is there a proper way of leaving after your 2 year analyst program? I’m an analyst at a BB coverage group, and as you all know, it’s quite normal for analysts to leave after two years, either to PE or out of banking completely. Has there been any instances where an analyst has told their group they’d be leaving the firm without a different job once their 2nd year comes to an end, and have the bank screw them in their ANL2 bonus? Not sure what the best way to communicate this is. On one hand, the bank sees that you’re not planning on staying nor are you going to a client, so why would they pay you a normal bonus? On the other, doing that will signal a betrayal to the Analysts, giving them grief in retaining talent.
If you leave at the agreed upon time you'll be fine on bonus, i.e. the banks paying bonus in August will usually let the whole class leave in June so they have enough seats for SAs/incoming analysts - people only get screwed when they dip out early. If they screw someone who's stayed the full contract length on bonus it'll get back to incoming/first years, so they really won't.
Just have a conversation with your staffer about when the 2 years officially comes to an end and what the exit process looks like. Very normal.
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