Hi, I recently received a graduate offer from a top HF/trading firm. They have a long non compete (around a year), and I was wondering if anyone had any advice on how this would affect my career going forward if any (getting future jobs etc), or if this is just industry norm and not something to worry about.
| Dark Pool Data: What Can It Actually Tell Us About Institutional Trading? | 1 | 1d | |
| +9 | NextEra Trader Comp | 1 | 10h |
| +5 | Book Recommendations? | 2 | 4d |
| +3 | What is your firm's compliance policy for PAs? | 1 | 2d |
| 0 | FMN | 0 | 1d |
| 0 | Green Candle Prediction | 1 | 5h |
Career Resources
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.
Pretty normal but it can present problems if you want to switch firms but not industry.
For example, your pod pm disappoints and you want to move firms to another pod in the same sector. Hard to get hired as a relative junior because the other pods would prefer not having someone relatively interchangeable start 1-2 years later with that person also losing touch with the market in that timeframe. Know some people that sat on the sidelines with no job in hand when they resigned and have to wait until the period was almost up to look for another job.
Not nearly as big a worry if you see yourself going to school or switching industries instead.
mine is closer to 2 💀💀
And if my goal was to stick in the industry, in that specific asset class even?
Then you better become a rock star, be someone that a competitor would buy out, wait 1-2 years for.
Similar situation. Another data point my non-compete for a +bn SM is one month.
Something worth remembering is that is likely not enforceable. If there is litigation, you'd likely win on the merits.
Now, that doesn't mean a lawsuit would benefit you...
6 months is seen as ok on juniors. 1 year not impossible if top shop but not a good EV trade imo.
Illum numquam et sapiente rerum molestias ullam labore. Vel nam voluptatem velit a et veritatis dolores neque.
Quam voluptas aut sint eligendi recusandae. Explicabo id omnis corporis et odio fuga debitis. Quis ratione aut voluptatem inventore. Voluptatem maiores doloribus fugiat neque incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...