SocGen 12-month M&A Trainee Program London

Hello WSO users, I am currently in interview process with the M&A Trainee Program at SocGen in London. The length is 12 months, but I just wonder if there is any consequence if leaving in 6-8 months (e.g., find a better off-cycle internship, or FT elsewhere) without doing the full 12 months? Will they say bad words in my background check (London is differnt from US in that background check seems to be more detailed), or ask me to pay for visa fees (need work visa sponsorship), or have any notice period restriction? Thank you! 

I heard the bank has low conversion rate to FT from trainee, so I think it's more of a cornorstone to go to other places. 

5 Comments
 

Leaving a program like the SocGen 12-month M&A Trainee Program early can have potential consequences, especially in a market like London where background checks and professional reputation carry weight. Based on the most helpful WSO content, here are some considerations:

  1. Background Check and Reputation:

    • In London, background checks are indeed more detailed compared to the US. If you leave early, SocGen might note this in your employment record, which could come up in future checks. While they may not explicitly "badmouth" you, the fact that you left before completing the program could raise questions with future employers.
  2. Visa Sponsorship:

    • If SocGen sponsored your work visa, leaving early might have financial implications. Some firms require employees to repay visa-related costs if they leave before a certain period. It's crucial to review your contract or ask HR about this clause.
  3. Notice Period:

    • Most trainee programs have a notice period, typically ranging from 1-3 months. Failing to adhere to this could harm your professional reputation and potentially lead to legal or financial consequences.
  4. Conversion Rate and Career Strategy:

    • If the program has a low conversion rate to full-time roles, it might make sense to explore better opportunities. However, leaving too soon (e.g., 6-8 months) could signal a lack of commitment to future employers. A more strategic approach might be to stay longer, build skills, and network before transitioning.

Ultimately, weigh the risks of leaving early against the potential benefits of a better opportunity. If you decide to leave, ensure you handle the process professionally—give proper notice, communicate openly, and leave on good terms.

Sources: Should I leave PE after a month and go back to my MBB?, Q&A: Former MBB Consultant, Working Abroad - Regrets/Benefits, Advice for London applicants, Q&A: I Work at Strategy&. Consulting

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