Quitting: Two Weeks Notice
If your firm has an at-will contract and you provide your two weeks notice, will they ask you to get out on the spot?
If they do so, are you effectively "fired" for giving your notice?
For context, I will be moving to another firm. I would be happy to stay on to assist with the transition for the two weeks, but I would rather shorten my notice period to collect another weeks' pay if they are going to fire me anyway.
Appreciate any insights here, thanks!
Typically how it works is if you’re going to a competitor, you better have your stuff packed ready to go when you give notice. If you’re not going to a competitor (e.g., IB to a pension fund or something), they might have you stay for a bit. Your firm likely has a policy on this. I would check it because at my firm, if you gave notice, and the firm asked you to immediately leave, the firm would still pay you for the two weeks that you intended to give. So if you’re going to a competitor and your firm has this policy, you might get two weeks of free pay. (Or if you’re going to a non competitor (e.g., pension) but say you’re going to a competitor…
I never got this. How do they even know you’re going to a competitor? If they ask when you give your notice can’t you just say anything? You don’t have to give them any real answer….that’s why I was always confused when ppl disclosed they were going to a direct competitor. I’m pretty sure it’s also against some labor law that you don’t have to disclose any of this info…
I lateraled and was asked to leave/stop working immediately but was paid for the next 2 weeks
If you are lateraling you'll leave that day, but still be paid out the full notice period. Definitely give the 2 weeks notice, you're not technically "fired" they just don't want you working with confidential info if you're going to a different bank.
It depends how your under-staffed your team is going to be without you. Given how junior you are, there's a chance to get asked to work your last 2 weeks, even if you're going to a competitor. Reason being you're too junior for your knowledge to do any harm and it's more important that you stay for the handover period (have seen this happen at my firm, even above analyst level)
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