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WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
3 months at IM level, feels like 6 months is off-market.
Thanks - as I thought (and judging by others' respones). Accompanied with a lacklustre pay rise to rub salt in the wounds..!
3 months as well here
Is shorter or longer better?
There's a sweet spot between job security and flexibility to move.
3 months as IM I believe
Six months is indeed long for an IM, with 3 months being much more in line with market. I know some of the very large funds have longer notice periods but the MM / LMM ones appear to be shorter. Even IDs can often still be at 3 months.
All that said, the more senior you get the more separations become a negotiated outcome that often doesn’t mirror the contract perfectly. The contract is in place if the individuals cannot come to a reasonable agreement on separation terms.
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