What happens to signing bonus if bank postpones startdate on their end?
So if my offer letter says that I will start mid-july but my bank has decided to push back because of COVID 19 to mid-September start, if I leave before September (ie. july or august 2022 for PE gig), will they be able to claim that I haven't stayed for two years even though I had no say in the matter?
Also has anyone tried to save and cash in all their vacation days so that you can essentially leave a few weeks early? Has that gone over well / even allowed?
bump
From what I've seen, you'll probably get your signing with your first paycheck. So don't plan on getting it till september would be my guess
What exactly do you mean? Im not as concerned as to when the actual bonus gets paid out but more about if ill have to pay it back if i leave before september given my original offer letter said I would start in mid-july
which banks have postponed start dates?
anywhere where this is consolidated
Should out banks that are pushing back pay dates, BS with some people locked into rent. JPM pushed, but are still paying from initial start date.
Don't think any groups will be coming for your signing bonus if you leave at the normal time. That type of thing gets out pretty quickly
But what is normal time? If i dont start work until September 2020, then 2 year anniversary would be September 2022 as opposed to july 2022. COVID19 is screwing things up
normal time = June/July 2022
Some second years dip in May or even April, never heard of anyone coming for their signing bonus. PE recruiting will still mostly be for June/July and no bank is going to chase down their entire second year class for leaving at that time
If you leave 8 months early they'll probably want it back, otherwise you're fine
offer letter rules unless told otherwise.
Also wondering
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