Quitting after less than a year: consequences?
Currently a new IB analyst considering a lateral to an analyst buyside position.
what happens if you leave your banking role before a year?
- do you get a stub bonus for your time or no bonus at all?
- do you need to pay back your signing bonus? (for not finishing 2 year program)
At a BB in case that matters
No pro-rated bonus, and you have to pay back your signing bonus if you leave before the end of your first year (some firms may not go after it but you are technically on the hook for it usually, in the pre-taxed amount).
Yikes that’s robbery
Jesus, amazed at this.
why would you possibly believe you’d get paid a retention bonus if you quit 4 months into the job?
How did you manage to get a buy-side gig after 2 months on the desk? Was it through a recruiter?
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