How to quit 3 months in?
I am about to quit my BB and leave the financial sector entirely at the end of September. Now, this will be a very delicate process and I hope ya‘ll can offer some advice?
I started in early July and will be in training until early August. I plan to leave the country of my BB office at the end of September. I understand that this will fuck up my team big time as I am the only new analyst and they have been extremely busy. I will effectively be on the desk for only a month.
- Will they make me work notice? Should I thus quit earlier? I cannot work out the 30 days if I wait until September to quit as my new thing starts 1. October
- How do I tell my manager? I am guessing they will be furious so what is the best way to handle this? Not expecting the kind of friendly separation you get after 2 years when going PE lol.
Not afraid to burn bridges as I am leaving the sector but would like to avoid intense awkwardness too..?
You should tell them now so they don't waste time training you and can spend that time trying to find someone to fill the gap.
I see your point. But I also want to extract the maximum amount of cash out of this. So telling them now will probably mean missing out on 1 month of salary. Not really feeling like leaving that on the table - and after all they would not think the same way in terminating people.
Ok well in that case your team is going to be pissed at you and not want you around so why do you care how you do it? It doesn't matter how you do it if you don't care that you're burning the bridge. Just email the guy saying that this is your two weeks notice and cc HR or something.
It's not as important as you think - your an analyst and likely have 0 value for the next 12 months anyways.
I've seen plenty of people burn bridges with top banks (e.g. accepted at JPM, and renegged to GS - in same city).
I‘ll just send them an email then, and delay as long as possible.
Yeah send them the email but switch on the option to delay send until 2 weeks before you leave. Sorted.
Why are you leaving
Got into an university course completely unrelated that I want to do. Never interested in banking, just kinda slipped in. So will not be hurt much by burnt bridges.
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Lol like anyone is in banking for reasons other than money.
These companies have no loyalty to you, why not treat them the same way?
My bank will fire me with no regrets if necessary. So why should I not be treating them just as badly?
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Gotta do what's best for you. This isn't as uncommon as you would think
Notice - you will almost always have to work the notice period unless you're going to a competing bank. Check your contract, but if it doesn't specify a time period, give the 2 weeks notice in September and expect to work it.
Manager - would do this in person and thank them for the opportunity but you are going in a completely different direction (out of finance, leaving the country) and are sorry for the timing of it. They might be mad from a capacity standpoint, and wouldn't expect a recommendation from them, but doubt they will be seriously furious
Fair, thanks for the input. Interesting what you mention about notice - did not seem very common in other topics. But will probably have to make time for at least 3/4 of it, you never know whether it will be needed or not.
Just tell your team asap, it’ll benefit both parties
They will probably make you work notice period, especially since you are screwing them. Personally, I would tell them now. It is the right thing to do and only way to handle this somewhat professionally IMO. They will be annoyed you’re leaving, but it will be much less of a nuisance if you do it before you start on the desk. After you start on the desk, they’ll have to restaff books and processes and essentially start from scratch again. Teams take time to train analysts when they hit the desk and are generally very hands on for your first few projects. You add negative value your first few months, but the group invests in your development. It’s pretty fuc**d up to waste your teams time just to try to extract a few dollars. Investment banking may not be a great place, but a lot of bankers do care about developing junior talent. Analysts program is really a quid pro quo arrangement.
Let them know your plans now. Explain you didn’t want to put your team in a compromised position and offer to stay until September. They’ll probably have you leave right away and pay you for you notice period, but who knows given how busy groups are.
The world is small and you never know when a future colleague might know someone from your bank. Additionally, future employers might still require a reference check.
Please ignore the people telling you to give the team notice now. You have zero obligation to do that and it only screws yourself over. You still burn the bridges but miss out on the additional pay.
As for telling your manager, make it an email with very little detail. i.e. "Hi John, After reflecting on my career goals and motivations, I would like to hand in my formal resignation from XYZ. I realize this puts you and the team is a rough position and I apologize for any inconvenience. I am happy to work until the end of my notice period to transition off any ongoing files. Best of luck to you and the office in the coming months."
"Best of luck to you and the office in the coming months." Hahaha i love this.
In all honesty, this 100%. Since the guy is going back into academia, I doubt they'd care (they might be more pissed if he was leaving for a rival bank)
This entire situation is pretty funny, guy is in M&A at a BB and just wants to leave haha.
OP here, fair point, this might be the way to go. Will probably give them notice but not the 30 days required in my notice, maybe more like 2-3 weeks. Would it help if I acted like I was going to another bank to cut down my notice?
If you imply that you're leaving for another bank, you'll probably get axed immediately. So be careful with that.
Just leave. No problems everyone’s free to choose
I'm curious to hear an update on how you ended up quitting and what was their reaction. Similar to you, I also started at a bank in July and plan on leaving in the coming weeks. However, in my situation, I am going to another bank so it's not exactly the same but maybe insight from your experience resigning can help me when I resign.
How were you able to lateral? Were you actively networking or did a recruiter/headhunter reach out? Why the switch? Curious about making a similar move.
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