U5 Termination Help!!

Hi all,

I was terminated from my investment bank (boutique in NYC/London), and on my U5 form, it was cited as a "violation of internal policy"
- The "internal policy" that was violated was the hosting of a party in our firm-paid corporate housing, the attendees being the other members of our analyst class.
- "internal policy violation" is a broad term and without context, sounds terrible.
- In terms of background/context, the firm was Probably looking for any excuse to reduce headcount without having to pay severance, and even cut more than 20% of staff worldwide that same week.

  • The above has already cost me a PWM opportunity (all they saw was the policy violation without context)
  • Does this bar me from any/all bulge bracket opportunities in the future (even post-MBA?), in all fields of finance (pwm, IBD, AM, etc.)?

I realize that there are a ton of other forum posts here, I've seen them already and none of them provide much additional help.

I welcome any and all insights. Thank you!

 
:
In reality, the firm was looking for any excuse to reduce headcount without having to pay severance
In reality, you fucked up at some point and don't want to admit it. If they fired you for a violation of internal policy, they must have solid proof. Now ask yourself: what's the proof? Was there music blaring through the walls at 4:00 in the morning? Did you throw a piano out the window? Did you destroy the furniture?
 

Quam voluptatem provident dolorem ipsum ut. Quaerat est saepe sunt et. Deserunt non similique distinctio consequatur. Quaerat nihil similique sunt aut consectetur nemo temporibus cupiditate.

Eveniet necessitatibus in ut quasi autem. Reiciendis autem reprehenderit laudantium omnis saepe cupiditate. Delectus minus reiciendis dignissimos aliquam dolore.

Minus quidem nihil placeat est natus. Veniam provident ut totam unde vero. Illo qui at consequatur est.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”