Accepted and signed conditional PE offer - when to resign from current job?

Hi All,

When is an appropriate/acceptable time to resign from your current employer following accepting and signing for a new job offer? Before or after all the conditions in the offer letter have been met? What would be considereded "industry standard", i.e. what expectations would my new work place have on my eligibility to start following my notice period?

For some further context. I have signed an offer letter with my new employer, which is the main employment contract (i.e. everything is done and dusted). The offer letter however contained a few conditions on passing background checks etc., which I will have no issues passing. Question is more revolving around the expectations of my new employer for when I am able to start. I have a four weeks notice period and would the new employer expect me to resign immediatiely now (i.e. before background check has been completed) or is it acceptable/expected of me to resign once all the conditions have been met? This meaning delaying my starting date a few weeks further.

This topic has previously been discussed a bit, with diverging views on this. I would love to hear some stories from people who have done this and whether you resigned before the completion of the background checks or if you waited until all conditions were met. And also how your reasoning went for the option you chose. Any other advice would also be very much appreciated!

Thanks a lot!

F1_button

 

Hey F1_button, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:

  • Quitting time- views on how to leave your job a fellow poster who didn't like his current role and had the good sense to line up another job. With ... employer's side and you don't have a job. If you've only got oral offer and acceptance, that's ... current bank has policies for how to deal with leaving employees. Have your desk packed and everything you ...
  • My Private Equity Recruiting Process I am about 3 weeks removed from receiving three PE offers (from MFs and top MM firms), both elated ... give off the impression that you're only there to work for 6 months, get a PE / HF offer, then ... say it's a detriment to your chances, but I met quite a few people throughout the process from ...
  • Reneging on an offer and signing for a rival? Right move? or so and in the end I had no choice but to accept it or let it go (they were fairly clear about it.) ... Renege on the boutique offer and sign with the BB. What are the repurcussions. Do higher ups talk about ... this to each other that in the future this may come back to haunt me? I also feel very bad from an ...
  • When is it Acceptable to Add a Job to LinkedIn? If I've accepted a job offer and start two months from now, is it acceptable to update ... it fine to do but awkward nonetheless.-Andrew-: If you've accepted the offer and signed the ... Linkedin to show the job? When to add your upcoming jo
  • How I Cheated a Drug Test for an Offer I Didn't Accept offer, to be exact. Although I was pretty sure I was going to accept this offer. It was a quick process ... 5 minutes of ringing a bell from when I first showed up to have one come check me in. Anyway, over the time ... and they wanted to complete the standard background check ASAP before I received my written offer ...
  • Private Equity Recruiting Walkthrough – My Experience landing a job in PE is easy are either 1) brilliant finance minds or 2) too cocky to say their success is ... disregard this since it's hard enough to land a PE job (rightfully so). Based on my conversations, ... 1 meant I would sign an offer on the spot and I'll invest more in learning about that firm prior to ...
  • Submitting a New Job Application After Accepting an Offer? Too Late to Renege? consulting, though I'm open to suggestions? I interviewed at a few PE places before accepting my offer ... appeared on my school's job page that I would like to apply to (and would accept over my current ... Additionally, if I told the PE firm I already accepted an offer but am will
  • More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
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