I plan to quit later this month the day the bonus hits my account. Any advice on how to do this? Team knows I am going PE but thinks I am leaving next year.
I plan to give two weeks notice and ask to take my two weeks of paid vacation days right after. I will lose the days if I do not take them. Any advice on how to quit and still get the vacation days?
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Absolutely horrendous idea. Good way to piss everyone off, leave negative impressions, and maybe get your PE offer pulled.
Your PE offer is contingent on you staying 2 years in IB
Says who? Not my contract.
Even though it’s not in writing it’s implied. Have seen people get their offer pulled after layoffs bc they didn’t finish 2 years. But if you wanna fuck around and find out then up to you
Agreed. Offers can easily be pulled. I lead associate recruiting at my firm and would rescind a future associate's offer if they quit banking early without flagging to my firm, particular if no defensible reason for departing early.
Thirding this. Very easy way to get an offer pulled. A contract is meaningless anyway because you have no recourse, they can pull an offer for any reason.
OP, if we're misunderstanding and you are leaving early to start immediately in PE - go for it. You will need to transition your projects in a reasonable manner, so taking two weeks off and leaving the second you quit is not the way to do it and is just burning a bridge - you need at least a week of "working" notice to restaff your projects and hand them off to people. This usually means working 9-5pm, nothing insane. They also legally have to pay out accrued vacation days.
Better hope there are no clawbacks lol. Seems like an unnecessary bridge burning but go nuts.
I don't understand these other comments. As long as the PE firm knows you are quitting before your 2 years of banking are up, I don't see an issue. People in banking leave after 1 year all the time lol. Your post is kind of misleading maybe - when you say "The team knows", do you mean your banking team or ur PE shop ur joining?
Do you mean you're joining the PE firm in a few weeks as well, after working 1 year in IB?
If so, that's fairly common, have seen quite a few people move after 1-1.5 years into their first job
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