IB Notice Period of 60 Days?!?
What is a typical notice period you have seen for IB associates and VPs if you decide to leave, but not for another bank (i.e., corp dev)
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Based on the most helpful WSO content, notice periods in investment banking can vary depending on the firm and region, but they are generally not excessively long. For associates and VPs, a typical notice period is often two weeks to one month. However, some firms may require longer notice periods, especially for more senior roles or if there are contractual obligations.
If you're transitioning to a role outside of banking, such as corporate development, the notice period might still align with the standard practices of your current firm. It's worth noting that some firms may waive the notice period or shorten it if you're not moving to a direct competitor, like another bank. Always check your employment contract or speak with HR to confirm the specifics.
Sources: The Other Road: Corporate Development Associate Fielding Questions, Corporate Strategy vs Corporate Development, Breakdown of Post-IB Exit Opportunities, corporate development regrets?, Q&A: Corp Dev (F500) with a non-traditional background and b school
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