When Should I Put In My 2 Weeks? (Bonus Conflict)
I'm currently an analyst at a MM and am a couple months away from my YE bonus. I have already signed an offer to join a BB/EB in the same coverage group (don't really compete against each other but MDs seem to know each other - guessing they have pretty large networks so not sure how much this matters). My question is: when should I put in my 2 weeks? Do I need to wait until my bonus hits the bank account (~2 weeks after YE review) or can I notice my staffer / group head during my YE review once they verbally tell me my bonus? Curious to hear if anyone has resigned right after hearing of their bonus and not received that amount due to spite or if banks typically won't do that to avoid a bad reputation. I want to resign as early as possible so I have a week or two off before starting at my new firm but don't want to get skimped on my bonus. Would appreciate any insight.
Unlikely they’d pull it but not worth the risk IMO. Lotta money on the line for a 2 week vacation.
Just be a team player and tell them now you plan to quit right after the bonus money hits your bank account. They will really appreciate the heads up and might even give you a bigger bonus.
Tell them as soon as the bonus hits but not before.
Do not say anything until the money is in your account. That's standard operating procedure for a reason. Only caveat is if it's a 2-year program and they expect you to bounce, then feel free to mention something before.
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