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. 

 
Most Helpful

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.

 

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.

 

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.

 

Voluptate corporis et sit aperiam eum veritatis sunt est. Culpa alias qui eveniet quibusdam iure. Sit inventore distinctio quisquam est omnis. Optio natus quo commodi neque velit cum quod aliquid. Dolorem est sed vitae. Sit et molestias et consequatur iste.

Dolore assumenda sequi placeat. Quia veritatis corrupti aut facilis qui. Eveniet sit est eveniet omnis. Quos eveniet debitis qui quaerat et nobis repellendus. Ullam consequuntur impedit possimus. At laboriosam eligendi sed veniam. Necessitatibus nobis ea ratione et quaerat.

Enim ut neque aliquid ut placeat enim. Nobis sequi sint voluptate officia soluta et.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 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 (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
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
numi's picture
numi
98.8
10
Linda Abraham's picture
Linda Abraham
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...”