Leaving Graduate Scheme during probation for another offer
Currently completing a graduate scheme in IBD coverage at a large bank. The probation period is 6 months and the scheme is a contract for ~ 2 years.
I've recently received an offer that would result in me leaving slightly over 4 months into the graduate scheme. It's also worth mentioning the offer is for a firm where I feel I am a much better fit, and where I can follow my interests (chance to choose my coverage).
My question is basically is this something I really shouldn't be doing, and why? Or is it fairly reasonable to leave after the 4 month mark for something I deem as a better fit?
Thanks in advance, all.
You should make the move.
The risks are (1) it makes your CV a bit more messy, and (2) it disrupts the relationship with your current employer.
On (1), this is manageable, but I'd try to stay at your new firm for a good amount of time. At least 2 years but more ideally. You don't want to be seen as a mercenary or permanent flight risk. At the junior level though, this industry is known for frequent moves, so it'll be forgiveable (especially if it makes sense optically for most people).
On (2), really try to leave on good terms with your existing employer. I mean it's the right thing to do but practically you never know where people end up or how your future will change. Work hard in the time before you leave, maybe make some nice gestures like cleaning up a comps file or something lasting that will benefit the firm.
But if this is the right decision for you (and it sounds like it is), you should go for it.
Thanks for the comprehensive response - good to gain some clarity!
I did this, just two things to note.
You will pay back any signing bonus and have pretty much 0 notice period. So you can start next day if you wanted to.
Yeah, definitely one of the benefits of still being in the probation period.
That’s not a problem at all!
I have done the exact same thing, although I left after only 2 months. I don’t even mention on my CV / LinkedIn my very short stint at this company.
I left for a fund where I felt I would thrive and had a better fit with the team. I don’t regret it at all.
Think about yourself, if you want this job, then no need to think twice.
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