Quitting after few weeks due to better offer?
Hi, advice needed on the following:
- Just started working for a small boutique, I'm few weeks into it atm, it's in Europe (analyst)
- Got an offer for a BB off-cycle analyst position in London. I can start in January or April
- Question: Should I quit the very small firm already and go for the BB offer in January or should I start in April and in the meanwhile develop my skills and then have a higher chance of conversion?
Some important points:
- Relationship with current manager/company - if I leave 6 months in it might be more damaging as its a very very small team (I'm working on a few deals ATM)
- Conversion rates: no one can predict the future, but IB environment can look better in April than in January (or vice versa)
- I'm learning quite alot at my current firm, and am also attending client meetings. I've interned for a BB (m&a) before and am getting alot more responsibility right now compared to previous experiences. This is something I can leverage for the rest of my career (I like this industry and want to stay on long term, but of course this means delaying my start date at the BB).
So again: quit now and go to London or be patient and join in 6 months?
Thank you in advance
You say you got an offer from the BB, but you also talk about wanting to build up experience for a better chance at “conversion” - do you have an offer or not?
To clarify:
I work as an analyst. I have an offer for OC in London. I want to maximize my chance to convert that OC into full time. I can do that by getting more practise at my current gig, and delaying the start date for the OC.
By small boutique I take it you mean a regional small M&A shop and not a satellite office of one of the known MM players (e.g., Blair/HW/Baird), correct?
If so, I'd honestly take the BB OC offer. Jumping from no name (at least for London scene) European shops to BB / EB as An or Assoc will be very very tough. Take it and even if it doesn't work out for whatever reason you'll be much better placed for other A1 roles in London across the street.
You give no notice and just quit without explaining yourself the day before you start at the new job. I’m serious btw
Definitely don’t do that
yeah OP should listen to the guy that posts anonymously
I have done this (quit after 1 month of boutique for a much better offer) and have no repercussions...I'd say go for it. You'd only be hurting your rep at that one tiny boutique (possibly a few other ones in the region depending on where you're at) but there's so many boutiques out there that even if you wanted to come back downstream you could. A larger name on the resume can really open more doors for you in the long run
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