Okay well, if you want my unironic and real advice, start shit with him. We had the case of a colleague beefing with colleagues and other MDs, and they fired his ass only now, even though he had been sloppy, unreliable, and a general shitshow for quite some time already. Belittle him in front of clients or other MDs, demand unreasonable things, etc. 

...and the Truth shall set you free
 

No way, the FO is an extremely interesting family and a super opportunity (basically tripling my salary from below street to significantly above)  but I would need to start by January. The CIO knows I will burn relations but told me not worry about it. Given that I have 2 years of work experience by then, they would have fired me much ealiert if I was shit.

In fact, I even have proof that I was "top bucket" 

I don't think you get my point. When signing for your initial job, you agreed with the terms, it doesn't matter that the "next job triples your salary", you signed the contract and should stop acting like an entitled kid. In your post, you say that you are "several months late on deliverables"  and that "work quality is poor"

 

Is this Slovenia?

Get your lawyer to write an official letter to pay up for the overtime plus interest. If you have a lot of free time, maybe prepare a list of days with overtime based on your emails sent (plus the weekends).

Otherwise, just stop showing up. What's the consequence - they'll sue you?

Third option is overemployment. Get paid twice.

 

You cannot be forced to work a job. Just stop showing up and start at the FO

 

Interesting situation..

Last year, one of my sr analyst left to a buyside who had 3 months of garden leave in the US. They wanted him in a month. So he left after a month despite the management tried to make him stay for the whole 3 months.

Not too sure what he though

 

Not sure what country exactly but I would tread carefully. I have experience from Germany, where long notice periods are the norm, that companies can sue you for negligence and the price to replace you for the remainder of your contract period if you do not work to the expected standard/hours. Because you're obligated to stay that long under your contract, you would need to pay a break fee as well as your unearned salary back to the company to cover their loss of you. In my experience though, my seniors respected me enough to agree to let me leave before the full notice. It's a tricky place to be in if your company/seniors want to play hardball.

 

Get a lawyer. But unless otherwise agreed upon in the contract it should not be 6 months since you have only been there for 18 months lol. Don't just "don't go", Americans don't understand socialism. The bank can and will sue you for damages. 

 

He probably has weeks of over time over 18 months.

Probably doesn't record it all but probably has enough emails to show MDs and Directors gross ignoring any resonable expectation of working the alloted hours. 

Have a lawyer prepped that and then you can leave. Cause otherwise he can just counter sue. And generally I think court will let him go on grounds he was leaving because of pressure to break alloted hours 

 

Literally do the bare minimum required for the job. 39 hours? Do just that. Once you clock out of that time, send an email saying you are off unless your MD approves overtime for HR to process it. I guarantee you he will get major flak from HR regarding this after you work 20+ hours of overtime a week, and the firm needs to pay you xxxxx.

 

There are 2 different things here:

1) how you work your notice

  • Stick to your contract (i.e. no more no less than you signed up to). Unless your contracts says that you need to, don’t reply to email after hours etc
  • you should also be clear about what is asked of you and what is doable within your contract hours (i.e. start working like you’re in hr or compliance)
  • do not create a situation where you may have liability. Being fire is one thing, but disciplinary action or other could be on your regulatory record. Don’t create a stain on your future career

2) shortening your notice

  • your boss has decided that you should work your notice. That’s unhelpful
  • do you have any leverage? Is your future employer a client / prospect of the bank? If so they could give a call to apply some gentle pressure
  • bypass your boss and go through his boss if you have a good relationship there.
  • trying to get fired may not work if your boss has decided that he wants you around. And pushing things needs to be cautiously threaded to avoid crossing a line
  • is this a company wide HR policy?
  • if you have holidays that are due, you should be able to negotiate with HR to terminate your contract early by your holiday due & be paid for these. Normally it’s a requirement that you take all your holiday by the end of your notice period anyway

3) double employ as an option

  • it’s most likely to be restricted by your current contract, but also by your new employer. Check with your lawyer - your new employer may be a bit more flexible, but you don’t want it to create legal liability (incl for you) beyond the possibility of being fired.

4) is that notice period legal? In some countries it could be challenged (in particular if they could fite you more quickly)

The issue is that if you behave like a naughty schoolboy, you’ll be treated as such and your leverage will be zero. So if you’ve already started, I’m not sure what you can do to get things to move in your favour because, ultimately, you signed up for that notice period.

I’m also guessing that your team is short staffed and that for your boss half a resource is better than none since he cannot replace you instantly. Maybe if he’s trying to hire you can weigh in and help him find someone & convince them to take your job quickly…

 

You literally cannot stop working for your current company? Is that not, like....slavery? Do you work for the Shah of Iran?

Can someone explain this to me? In America you can do whatever the fuck you want and the only downside is it might not reflect well on you reputationally. Even non-competes are only enforceable if they're aggressively pursued in the right jurisdictions against truly high level employees who are brining clients/other employees/trade secrets with them. 

Like what stops you from just telling your boss on Monday, "I'm out by next Friday" and then never worry about it again after that? You can really get sued for this in your country? And then what, the courts will force you to labor against your will for nearly a year????? 

Yinz in the flesh
 

Welcome to dark side of European style employment contract. The company can't fire you at the drop of a penny like "at-will" employment in US, seems like the flip side is employees can't get out of the contract either. I believe there is a 1 month "quitting" period like the 2 week notice but 8 months is way longer time than I have heard my European friends had to deal with. 

 

Jesus christ, I want to be liberal so bad, but policies that rewards losers like these are hard to stomach. This sounds like it benefits people who suck (because it's really hard to get rid of them even if they actually are bad at their job) and punishes people who are good (because they wouldn't be getting fired anyway so they don't need downside protection but now also don't have upside of getting poached for a better job b/c they can't just leave their current roles) 

The only winners of that are shitty employees and shitty employers, no? Bleh, guess America is still one of the best places in the world to be talented and hard working. 

Yinz in the flesh
 

Curious how it plays out for you. I work in Germany and have similar notice period terms (not exactly same though). At the firm in working I was under the impression that they don't usually enforce it and compromise can be reached, people are usually reasonable. But yes, it definitely makes job search harder. You should have told the new firm before signing the contract that your start date is uncertain. If new firm is also in Germany I think they would wait. In UK probably no chance unless they totally want you. 

I would definitely advice against burning bridges, not showing at work, etc. They could potentially contact your new firm, talk bad about you, maybe even force legal action against them. And hence you could appear as less desirable candidate. 

But yeah I find these long notice periods at junior or mid level are unfair. 

 

Anyone else, but isn't this a dream situation to be in? It's like suddenly being a union worker or something. You WANT them to fire you, because you already have another gig lined up. The only threat is "breach of contract", so you just have to do the minimum that's spelled out in writing. Sweet!

 

Et voluptatum dolorem dignissimos similique qui et. Sit repellendus excepturi hic nihil numquam officia. Tempore expedita non distinctio aliquam. Dolores eveniet blanditiis ratione beatae qui alias. Et est nobis velit in odio exercitationem ex.

Inventore quisquam dignissimos ut aut officiis libero. Et aut molestiae vel pariatur explicabo ducimus nulla. Eveniet consequatur in cum veritatis. Nostrum non quidem voluptatum dolor fugiat labore ullam cupiditate. Vel rem aliquam qui fugiat.

Non et numquam iusto quo. Ut inventore quis totam sapiente minus. Dignissimos aut ut quia qui neque. Excepturi cumque et iste distinctio.

Maiores fugiat tempora tempore et. Optio suscipit corporis est adipisci libero enim ab. Aut laborum voluptatibus corrupti ullam dolores mollitia praesentium eum. Occaecati eveniet numquam mollitia ipsam aut ipsum. Tempore molestiae quia quae.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”