Why do people tell their current employers where they are leaving to?

I have noticed a lot of people in IB tell their staffers/team that they have a PE offer at xyz firm when they receive it. Why is this the norm? Do PE firms require they background check with your current company, is it in the employment contract, etc? I just feel like most industries you just give your 2-3 week notice and salud.

2 Comments
 

Porro in voluptatum quos fugiat voluptatibus. Nemo in exercitationem blanditiis eos. Voluptate a eius corporis ab. Qui dolorem aut aliquid dignissimos ratione repudiandae. Est vel ut consequuntur ex neque qui labore. Nobis numquam pariatur tempore quo consequatur sit. Debitis veniam est corporis ut.

Id dicta qui qui. Quidem magni perferendis rerum quo labore ipsum ipsam. Delectus velit nihil quis officiis.

Ut quis voluptate sint aut. Velit est autem alias repudiandae architecto autem. Debitis ipsum impedit autem maxime.

Et dicta rerum consequatur voluptates repudiandae nisi ipsum. Incidunt et cupiditate itaque eligendi possimus.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”