Explaining Blindside Resignation

I'm putting in my notice to leave my first job out of school soon and I'm seeking advice about how to navigate this in a politically savvy way. I'll be leaving after less than a year (fresh grads typically don't leave until about 18-24 months in). I'm well aware that this puts my current employer in a tough spot-- I'm not a crucial team member, but they've invested in me during my training and ramp-up period. 

I've liked my team a lot and done some interesting work, but am leaving for a ~60% raise and role that's more in line with what I want to do in the medium/long term. So I feel bad because even though this is the correct decision for me professionally, (1) it's my first FT job and first resignation and (2) I'm not leaving because I dislike where I'm at, I just like the other opportunity even better. 

Any tips on how to approach breaking the news to the team? Group head is aware of my departure and the handful of managers I've told so far have been understanding.

Realistically, I know that all I can do is be honest and that a bridge or two will probably be burned. I'd be interested to hear about other peoples' experiences doing something similar. 

Comments (9)

Nov 28, 2021 - 1:03am

In 3 months people will be like, "what was that guys name who left kinda quickly after starting?". I worked at a place with lots of turnover. And the senior guys actually get more pissed when experienced people leave. They're not mad at the people leaving, but they're losing someone with 3-4 years of group-specific knowledge. You're basically worthless compared to someone with 3-4 years of experience (no offense, all people with <1 year experience are).

Most Helpful
Nov 28, 2021 - 4:05am

It'll probably be a blow initially, especially if you were tied to key projects but no one will really care after a while. You will have been nothing but a minor inconvenience in the long run. No big deal.

Just position the conversation as you leaving for something which is more in line with what you want and that you're super thankful for the experience you've had at your current firm and that you hope you can find a way to work together in the near future. It's a pretty normal conversation for your current firm to hear I'd wager. Good luck on the new role!

  • 3
Nov 28, 2021 - 10:48pm

Grats on the offer man. I did something similar. Second job offer one year out of school doubled comp so did it in a heart beat (it was a change in an industry). More than a decade passed. No impact on career. Gotta look after yourself first.

VP
  • 1
  • Analyst 1 in IB - Cov
Dec 16, 2021 - 10:22pm

OP, you should follow this advice. When you get fucked all over by a company, you will see this is TRUE. 

  • Analyst 1 in IB - Cov
Dec 16, 2021 - 10:14pm

Qui rem dolorum iste voluptatibus. Perferendis quasi quis nostrum a. Corrupti quia dolorem reiciendis dicta enim vero ut rerum. Consequatur pariatur consectetur praesentium magnam fuga voluptas ab. Voluptatem voluptatem magnam consequuntur voluptas vero eveniet.

Start Discussion

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (20) $379
  • Associates (143) $238
  • 2nd Year Analyst (84) $153
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (295) $142
  • Intern/Summer Associate (63) $143
  • Intern/Summer Analyst (225) $90