Pulling the Plug - Lateraling to a Competitor and "That Talk"

Hi,

I'd like to know best practices for "that conversation" with your group head when you're going to a competitor and giving notice.

If lateraling to another group / new bank, which is a direct competitor of your current group, do you ever disclose the new banks name? Is the best practice to always just say you're going to another bank?

Curious to hear how your exit interviews & resignation discussion have gone, and of course any horror stories are always welcome.

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Comments (8)

Feb 12, 2019

From what I have heard / seen, the conversation will last 2 minutes and you will be escorted out of the building immediately.

Feb 12, 2019

They don't care nearly as much as you do. Just make sure your affairs are in order so to speak because you will be escorted out before you have time to empty your desk or clean your hard drive

Feb 12, 2019

Thanks for responses. I guess what I'm really trying to get at is, if pressed for where I'm going next, would it be a dickish move to not tell him which bank / group? Some of my close colleagues know and I'm sure it would get back to everyone eventually either way.

Feb 12, 2019

As I understand, it's standard practice to just say "another bank" and keep that info from your employer so they can't try to poison your offer with the new firm. Obviously they'll find out eventually, and I'm guessing most wouldn't stoop to that level out of spite, but maybe better safe than sorry.

Feb 12, 2019

Yep, heard advice is to just say another bank, don't give specifics until you actually start.

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Feb 12, 2019

Do not name the company. Respectfully inform them that you're moving on to a competitor and give them standard 2 weeks notice. In 95% of the cases, they will immediately pull your badge and escort you out of the building. So, make sure you're packed.

Feb 12, 2019

Thanks makes sense

Feb 12, 2019

just google it...you're welcome