Has anyone ever ragequit before?
It's 2am and I'm still working on some dumb memo that will never see the light of day. I'm curious if any of you have met anyone that has ragequit (doesn't have to be extreme, but e.g., one thing broke the camel's back and they quit shortly after with nothing lined up). I already know I want to leave PE so I'm tempted to just quit ...
Are we at the same shop rn? I think about rage quitting every single day. I fucking hate this job lol
Haha. Are you in PE too? NYC UMM here.
I had a friend do it in banking at the VP level. Nothing really super specific set them off, just an accumulation of frustration. They were offered a job by a client within two weeks. Your mileage may vary.
Thought about it a lot and probably would’ve done it without carries still vesting. Will do it eventually I promise myself
I've seen it happen twice while in IB, doesn't go the way you would think. Both times, the MDs convinced the juniors to take a week or two to mentally recover and both kept working for a year plus in the team.
We had terrible hours but good culture (to an extent) so seniors were relatively able to figure it was better to give a two week hol than to lose a decent analyst/associate
Seen it twice in IB during the real peak of understaffing in 2021. Both people turned out fine but did not go back to IB. Imagine market is a bit softer these days though.
PE is a bit more complicated since you're giving up so much non-cash comp
Not PE but the CorpDev job I had before moving to PE yes. Best feeling in the world. Had just struck gold off a huge PA trade so didn't need to worry about money and my VP was being a huge prick about something he wanted done that was 0 value-add and a waste of my time. I just turned to him and said "Y'know what, I fucking quit, you can figure it out", smiled, and walked out of the office. Cherry on top was after I left 2/3 remaining analysts from my group quit within a month and the last one told me that VP threw a fit demanding to know if he was also leaving soon since nobody had given notice. The hiring boom during Covid was a fun time for reversal of the employer/employee dynamic, landed my current gig less than 2 months later.
Quite topical, I ragequit earlier this year from a PE shop. It had been building for a while, I didn't necessarily hate my job but I was growing increasingly depressed with life as a whole and attributed a large portion of that to my job (or at least I thought I did).
Almost 6 months on now, I'll be honest - I currently regret it. I did a few months of travelling immediately afterwards which were fantastic. Being able to travel the world with money and no work phone is awesome. Since then, the last 3 months have been filled with anxiety and dread. One thing I didn't consider is when you're employed, you have leverage. As soon as you leave employment, you lose all that leverage and more. Employers are curious about the reasons for not being employed and instantly assume you were dismissed for some reason or another. It's especially hard to explain 'rage quitting' which is understandable because why would you hire someone that could just walk out? Combined with a soft job market, it's not been smooth sailing and i'm finding it difficult to find a worthwhile job because there's honestly a lot of even worse jobs out there (again, don't always assume you have it the worst).
Take some time to really think about your actions, please don't rage quit.
Sorry to hear that, one way I've seen people coming off an unemployed stint gain leverage is to get multiple offers and leverage them against each other. Obviously easier said than done in this climate, but that's how I've seen it done. You need to create leverage, and having one offer just doesn't do it.
In IB I saw one person rage quit at 2am and just never come back, another rage soft quit and threaten to sue and actually got some parting cash, and a third walk out in a rage but come back 48 hours later to open arms and nobody blamed them. In PE I saw an associate rage quit at 2am, they had rich parents. Shit happens all the time, nobody thinks it’s a big deal.
Wow, so wild. What kind of shop did you work at for this to happen?!
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