Hey Everyone,
I'm a stub associate in the NYC and grew up in the Midwest. I just joined a group at a UBS/BofA/MS (banks with strong WM practices) and was approached by an advisor in my home town to join them and eventually take over their book of business.
I was wondering if anyone could tell me what how strictly these banks enforce the clawback on their post-mba signing bonuses, especially considering that I will most-likely be able to do an internal transfer within the same organization, but just move business units? I have no formal lease with my landlord, so there is no issue there. Would likely try to leave after stub bonus in February, but don't want to have to fork over $50k pre tax just to save a few months of misery.
Any thoughts? I'd call HR, but I would prefer not to get burned.
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