Anyone have a checklist of things in mind when they leave (i.e. take list of contacts, write down interesting xyz you want to learn more about, can't take specific deals or confidential info, maybe wipe computer of personal info) - anything else?
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| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 1d | |
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1. Contacts for sure. I've been burned before with half of my iphone contacts being deleted as soon as my company email address is removed. Google how to prevent this from happening.
2. Delete all personal info off of your work computer. Delete all browser history. Delete everything you can. I'd probably try to wipe the computer in general - you never know where you saved a tax return to 5 years ago by accident.
3. Save anything that could help you later (and that won't get you in trouble). If you worked on a couple deals, it would be good to write down key components of the projects for future reference - you will forget. Save some of the pretty professional photos and maybe a site plan. If you're in multifamily and worked on a specific amenity or created a specific floorplan that you definitely want to emulate later, save it. So much of this industry is seeing something cool or useful at one point and then drawing on that knowledge 4 years later. You don't want to lose that mental history when you leave.
4. Get a general plan of what you're going to be doing with things like your 401(k). If you have a health savings account and can't transfer it, schedule yourself doctor and dentist appointments.
5. Start scheduling coffee and lunch with your best contacts and friends in the industry. You're going to want to fill them in on what you're doing because you never know if it may spark an idea that will lead to an opportunity.
6. Similarly, if there are current coworkers or bosses you have a particularly good relationship with, it may be good to grab drinks or dinner with them before you leave and make sure they know you want to keep that connection alive.
Bring models you built so you can steal excel concepts from them in future deals. I upload to Dropbox rather than email and the company can’t really track that. Obviously don’t bring legal docs, but you can take the model
What about models shared within your company that you did not build that pertain to specific deals (addresses removed when sent around)?
My opinion is that real estate privacy is not that serious - others my disagree.
If you did and M&A deal for a publicly traded company, I’d say don’t keep it. But privacy is just a little more lax when it’s a made up financial projection for an apartment complex. I don’t think you’ll get in legal trouble for bringing the office template (I did this when I left my first lending job).
Yeah if its a template who cares?
Maybe because you work at smaller firms? I was reading big 4 people on fishbowl testifying that Dropbox, email drafts, flash drives all monitored. In at a T2 so dunno if they do.
I was thinking of making copies of files, renaming them, hiding all the tabs and making some fake tabs at front with random shit that no one would care about in case they audit it. That does 100% show intent tho imo...
Bump
Great timing. Literally sending my notice by tomorrow.
Same.
First time for me. How are you submitting your notice and are you going to tell them where you are going if asked?
Delete
So, great points above! A few to add..
1. Finish and/or hand-off your work well. Leaving well is a very mature/smart play. Everyone at that firm should say you handled your departure as a professional and you didn't screw them or leave people in a bad spot. Do this as best you can. The upside is personal to you, everyone at that firm could recommend you for jobs elsewhere, serve as a professional reference, or just act a someone who states your character. Be a good leaver, it ups your long-term capital.
2. Connect with people on LinkedIn, share personal contacts, consider everyone at that firm in your close-associated network, all the "power" and "political" dynamics break down when you leave... so re-approach the "seniors/higher-ups" as peers, you have that right now.
3. Reach out to mentors, industry friends, and others you worked with to let them know you have moved. Thank those who helped/mentored anywhere along the road. Offer to help in ways you can. This is a general "excuse" to engage your general network to let them know you have advanced (guessing new role fits that description). This "MAY" also include a good chance to reach out to clients, vendors, investors, etc. of the firm you are leaving, do so with respect and non-"selling" at this point. This is especially important for any counter-parts at other firms you interacted with or served as point of contact. If you leave those third-parties hanging, it looks bad on you. Clearly, your firm may have some direction on how you do or not do this, follow it. If needed, reach out personally once you leave, that's your right!
I'd look at how your current boss, HR, and others handle resignations in the past. Will you be asked to leave immediately or finish out the 1-2 weeks? Especially if you are part of a deal team I'd be extremely careful about uploading documents to a flash, onedrive, or emailing them to anyone. All three can be tracked and non-disclosure/non-compete issues may be brought to your new employer if there is a dispute.
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