How to quit your job?

How exactly does the quitting process work? Like what day should you quit and how close to your new start date? My contract has 4 weeks notice but do most firms expect you to hang around that long? How do I tell my team, and should I tell them where I'm going - I dont think theyll be very angry when I quit but I'm not sure how happily they will bear the news?

 
Most Helpful

"I have signed an offer for a new position" Keep it short and sweet, I've been in the situation where I needed to stay around to finish XYZ before I left so definitely be polite about it. Your choice on whether to share any details beyond that, the situation above I had a great relationship with my manager and had been chasing him around two cities before I finally called him and told him over the phone because it was literally 2 weeks from my start date and I'd been trying to get in touch with him face to face for several days. 

I'm about to leave my current role, this one I didn't like and I'm going out of industry, in this case it's advisable to just stop showing up and see how long they keep paying you.

As far as time between roles goes, your ceiling is basically set financially/by how unhappy you are in current role. Being in IB for a year I'm sure you can afford to give yourself some time off, for me the first transition I made they kept me around as long as they could, so last day was a Friday, started at new company in a different city on Monday. This time I'm planning to quit next Tuesday, which is a little earlier than I probably would because I don't start till mid July, but it's our first day back in the office and I have an ungodly commute. But don't think of it as if it's a "gap in employment," and feel free to take some time off, when you're working, regardless of industry it's impossible to take more than a week or so off, changing companies is a nice opportunity to travel, enjoy your hobbies, of just dick off and go on a bender.

 

I would just give them the standard 2 weeks. 4 weeks seems pretty high for any role, but you have to remember that they would cut you in a heartbeat without feeling bad about it. I am interviewing with a new firm, and I will definitely feel bad about letting my current firm down when I put in my 2 week notice. Ultimately you have to do what is best for you and move on. This is fairly common practice. People come and people go, that is life. 

 

Amet et laudantium est minima optio in blanditiis quia. Perferendis aut voluptas nobis optio et dolores praesentium earum. Est illo et enim voluptas quod. Aspernatur occaecati aut iure quasi dolorem voluptas omnis.

Est illo enim illo omnis. Et officiis ut facere ratione qui asperiores voluptatum. Eos tenetur aliquam perspiciatis et.

At illo aut rerum officiis soluta sapiente labore. Ut voluptatem sed repellat nihil eligendi. Dolores cupiditate quasi quis dolorem doloremque ipsum qui. Perferendis dignissimos aliquam itaque iure rem eligendi placeat.

Voluptatem nam amet dolorum tenetur perspiciatis est. In ut a temporibus et est. Occaecati quia beatae dolores dolores.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”