Is a 2 weeks notice customary in banking? quitting advice plz

Been interning in a corporate banking role at a BB for a few months now for 50k/yr...recently got an IBD analyst job that pays standard 70k+bonus also at BB--they wants me to start in a few weeks. I've been with my current firm for a few months and am involved knee-deep in a variety of projects.

Would you guys give a 2 weeks notice? Or is a week/few days better?

Also--what to say? When I signed on w current firm, I overheard my MD talking about how unprofessional it is to renege on a signed contract.... worried he may contact future employer.

Should I just say I need to go finish some classes/family emergency/etc??

Appreciate it.

 

Depending on the contract you signed with the first firm, it might actually say you have a longer notification requirement. For associates, at my bank, the requirement is 30 days (up to 90 days for MDs), but it doesn't mention anything for analysts. 2 weeks is standard practice in the rest of the US and seen as being polite. You don't want to burn the bridge so I would go 2 weeks.

Keep in mind that if you're still in your lockup period, then you might have to repay your sign on bonus too

 
Best Response
advantageplayer:

Been interning in a corporate banking role at a BB for a few months now for 50k/yr...recently got an IBD analyst job that pays standard 70k+bonus also at BB--they wants me to start in a few weeks. I've been with my current firm for a few months and am involved knee-deep in a variety of projects.

Would you guys give a 2 weeks notice? Or is a week/few days better?

Also--what to say? When I signed on w current firm, I overheard my MD talking about how unprofessional it is to renege on a signed contract.... worried he may contact future employer.

Should I just say I need to go finish some classes/family emergency/etc??

Appreciate it.

Don't lie man, are you serious? Just give two weeks, plain and simple. Turnover happens.

speed boost blaze
 

Give them two weeks notice. They will likely want to keep you around (slight chance they don't) and you should try to leave on a good note by helping make the transition as smooth as possible and closing off as many loose ends as possible. No need to burn a bridge, you never know when you may come across your coworkers/managers again and strong references are important.

Array
 
KingKongVodka:

quit after only a few months? is it normal?

I wouldn't call it "normal" but it's not uncommon. I quit 6 months into my first job, and several of my analyst class did as well. Better things come up all the time - you gotta take care of you.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Excepturi sint incidunt dolor qui rem. Et saepe repellendus voluptatem dicta quam. Numquam architecto explicabo nihil tempore. Reprehenderit excepturi sed nihil animi. Facilis ut alias sed velit odit reiciendis sed saepe. Suscipit quisquam aut sed assumenda id deleniti. Similique id sint quod qui. Non eveniet quod quia eum itaque.

Inventore inventore saepe delectus omnis aut voluptatum perferendis voluptatibus. Dicta nihil reprehenderit rerum ea voluptatem voluptas et. Et omnis consequatur magni nihil magni magnam tempora.

Haters gonna hate

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
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...”