Quitting time - views on how to leave your job

SSits's picture
Rank: Almost Human | 8,938

Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #48. This one was originally posted 3/8/2015.

I've been exchanging PMs with a fellow poster who didn't like his current role and had the good sense to line up another job.

With his permission, I've pasted below the advice I gave him on how to tell his current employers that he's exiting. I've made a few tidy up edits, but it's still a little rambly.

Make sure your new job is firm first

Don't tell your current employers anything until the key paperwork is signed with your new employers.

That is, make sure the legal position is solid. You don't want to tell your existing employers you're leaving, then find something has gone wrong on your new employer's side and you don't have a job. If you've only got oral offer and acceptance, that's not enough.

You want the formal offer letter, you want it signed by you and you want confirmation that they have received your acceptance letter, plus confirmation from their HR that the position is final.

You can tell them that you want to confirm this before you tell your old employers and they should be fine, as this is pretty much par for the course and common sense. These sorts of questions are better directed at the new job's HR people rather than the guy whose team you'll join. That confirmation should be in e-mail form.

If you don't have a HR contact yet, ask the director who made you the offer for a contact in his HR so you can confirm this stuff.

Be ready to bug out

You may find your current bank has policies for how to deal with leaving employees. Have your desk packed and everything you want to take with you handy in a bag or box, because you may well find yourself having to walk straight out the door under bank policies.

This also means you'll need to have any personal files, e-mails etc you have on work systems out of the system and somewhere with your control (eg e-mailed to gmail account, on USB drive). Make sure that you DON'T take any work files or anything that could look like work files, as often banks will check your logs and you could end up in hot water, even if it's innocent stuff.

Telling them "I'm out of here"

Tell your current employer that you're leaving as soon as the position is firm with the new employer. "As soon" means as soon as you've got e-mail confirmation from the new employer's HR people that everything is locked in, stand up and walk into the office of your boss with the news.

If you've got several people in your reporting chain, I'd target most senior person in the team who you have contact with, rather than with your immediate reports. That's the respectful way to do it.

You should ask him/her how he/she would like the news handled, as your exit impact on the remaining team is his/her issue to manage and, to be respectful, you give him/her control over how the news should be released.

When an employee tells a boss he's quitting, the boss goes into damage control mode, thinking about how he/she can cover the gap in the team and how he/she controls the news. The former is much more important, the latter only a significant issue if there have been a lot of quits and your departure could have a significant impact on morale or viability of the team. At a junior level resignation, the latter is not likely to be significant.

Before giving the news, you should go through your main work projects and come up with a rough plan for reallocating the work and have them ready and tidy to hand over. You should tell your old boss that you've done this early in the conversation. It demonstrates you're being a gentlemen and also helps reduce the "damage control" element of his/her thinking.

They should appreciate it. No one likes it when someone ups and leaves and everyone else has to sort out the shit they left.

Do NOT tell them who your new employer is

Even if you have confirmation from the new employer that the job has been locked in, don't tell your old employer or anyone in your team where you are going at any stage until you've started at the new bank.

I've heard stories of people pulling strings to get the new job revoked. In all the areas of banking I've worked in, no one tells people where they are going until they start the new job.

It's likely people at your current work will ask where you are going. Your boss will likely ask you very directly.

You should tell them "I wouldn't mind telling you, except I've been discussing the move with a long term banker who has told me I should not tell anyone under any circumstances until I start. This doesn't really make sense to me, but I respect this guy's opinion and I trust that he knows what he's talking about." Or something like that.

Don't even tell your co-workers who are your friends and who you trust deeply. This is industry standard.

Justifying why you're leaving

When you're explaining why you're going, the most important thing is not to burn bridges and certainly not to settle scores.

If this means you don't give full disclosure on why you're unhappy, so be it. You may feel the urge to let them know you feel there was some injustice, but that sort of emotional vindication is only short term reward and you may find they respond with comments which catch you unawares and possibly remove the emotional victory, leave you feeling worse.

Life is not Hollywood and I've never seen a Hollywood-like scene where someone monologues for 3 minutes why they are unhappy, followed by everyone seeing the light and realising what a fantastic person they are about to lose etc. That sort of emotional pay off just doesn't happen. At least, never when you're quitting a job. Consistent with this point, see my comment above about the immediate reaction of the boss ie "how does my team now meet its deliverables with one less team member?", not "What injustices have we done to this man?"

In explaining why you are going to the new role, all the reasons you give should be about the opportunity etc the new role presents, without comparing those to your existing role. Inevitably, there will be implicit comparisons and your boss will likely ask why you need the new job to achieve X, Y or Z, because he thinks you could do that in your current role.

Again, you may not be able to avoid him/her coaxing the reasons for your unhappiness out of you and you may not be able to avoid some direct or indirect criticisms of the current role, but you should not volunteer those yourself and you should try as much as possible to talk more about the exciting new opportunity, your desire for a change, wanting to keep your career path fresh, etc. The boss will be able to read between the lines and should be able to tell what is shitting you about the current job, but you'll look a lot more professional by not complaining.

The key thing is to justify the decision as a story about going forward and developing in your career by getting a broad range of experiences, the excitement of new learning etc. That is, a forward looking story. You don't want to look like your quitting because you don't like where you are now, which is backward looking perspective. No boss wants to hear people are quitting because they are unhappy (although that implicitly why many people quit) and you don't want you old boss to end up writing you off as a sore quitter.

Sweet goodbye

For sweeter exit relations, do some analysis on how your team works, how it could be improved and be prepared to spend some time in conversation with your big boss talking high level talk about your thoughts on the existing team and business. In this analysis, focus more on the business itself, rather than on the team members/personalities involved.

That said, if this conversation happens, he/she will likely ask for some comments on personalities or personalities will come up in some way. Keep the analysis of the business itself as the main meat, discussion of personalities towards the end.

When discussing personalities, avoid bitching and negativity. If someone has limitations, handle it as positively as possible ie "John does good work on analysis. If he could coordinate that work better with the rest of the team, I think that would really supercharge productivity" is better than "John is really bad at communicating his work and never delivers on time".

On discussing the business, this is where you can give the big boss valuable insights, demonstrate that you have some strategic thinking and aren't just stuck in the trenches and thinking like a peon. This should leave a good impression and you'll never know when/how that could work in your favour in your career. It should also give your big boss new reasons to respect you, even if he/she doesn't agree.

When I left my IB job, I ran my exit process in line with the above and organised a lunch with my regional division head (ie the guy I told I was leaving) to give him my views on the division's business, both the work that I did and the broader division's work. I was SVP there and was also leaving to join another division & region in the same bank (ie inevitably I would come across this guy again), so it may be a little different for you at a more junior level.

I do suggest that you ask your boss if he would like to have coffee with you one morning either before or after you leave for this sort of conversation. Again, this sort of offer demonstrates you want to leave constructively, respectfully etc.

If you're not sure you can sustain a 15-30 minute conversation of your analysis on the business with the boss, you may be better off not putting this on the agenda. However, at least listen carefully to how the boss responds, as he/she may want to have this sort of session so he/she can run you through questions on what you've thought about the business, the personalities etc. There are not many opportunities as a team manager that you get someone who knows the team from the inside who will answer questions honestly as they have nothing to lose. If the boss is a good manager, he/she will seek out this conversation. Listen carefully, as he/she may hint at wanting this sort of catch up. If so, offer a coffee.

A little contrary to what I said above, if you do end up having this sort of conversation separate from the immediate discussion when you are telling the boss you're leaving, you can disclose the sources of your unhappiness. However, you should let him/her coax that out of you rather than dropping it on the table yourself. The former approach is more politic and makes you look better, less of an unhappy quitter.

A lot of these tips assume that the boss is a smart manager and is willing to deal with your resignation constructively, plus thinks that there is value getting your insights into the team. You may find that he/she just wants you out the door ASAP and doesn't even want to hear why you are quitting. If that's the case, try to be as pleasant and understanding as possible.

If you're a grad recruit less than 1 year into your employment with them, your resignation could trigger some unavoidable bitterness. With graduate recruits, the typical view is that it's an investment where you're largely useless for the first year, but will start providing net value some time in year 2. So leaving after 11 months can leave a sour taste in the mouth of your boss.

Comments (135)

Feb 28, 2015

What is the average length of time you should stay with a company before jumping ship?

Feb 28, 2015
bennybanker:

What is the average length of time you should stay with a company before jumping ship?

If you're leaving with less 1-2 years, a future interviewer will want to know why. If you have a good explanation, it should be fine. But serial early departures will raise a lot of suspicion.

Feb 28, 2015

This is a great article. Common sense for sure but still a good read.

Mar 1, 2015

I think the first time that you quit a job, it's the hardest. I quit for the first time a year ago and I still remember being totally freaked out the day I actually resigned. I was afraid to be asked all kinds of questions, that my boss might be mad...especially because I just quit after a pretty good bonus...so when I walked into the guy's office to resign, it was very hard to keep it together. I had memorized everything I was going to say, but of course I forgot it all. In the end, the whole thing was pretty easy, painless and straight forward. He just asked me if I am sure, I said yes, he asked if I could stay on for one more day to hand over some things I was working on, I said yes and done. My notice period was 3 months, but in banking nobody wants you to stick around anyhow, mostly you leave immediately. I know that the next time I resign, I will be much better at it. No need to make such a big deal out of it. I also recently talked to a guy who I know pretty well and who had worked in banking for 30+ years. He just retired. He basically said that resigning is not that big of a deal. Think about the guy you are resigning to, if that guy has had any length of time of managerial experience, then this is pretty routine. People resign all the time for all kinds of reasons, you have to fire people/let people go from time to time, so most managers are very experienced in how to handle this type of situation. You are also not that important in the grand scheme of things. So in regards to not telling where you are going, I don't know, I personally have been very open on that. I think it's a bit unlikely that anyone would go to the lengths mentioned above. If you resign, you are clearly not that keen on your job and want to go somewhere else and once you have gotten to that point, you probably thought about it for some time.

Also, this is not the time to air your grievances. In my case there was an "exit survey" where you could write why you are leaving or any other issues of unhappiness, but they also had a box on whether you would ever consider working for this firm again, definitely check YES...this goes as part of your record, you never know what will happen in the future and if you checked NO...then they might not hire you back some years down the road. I kept my exit survey very tame, this is a written record that will go into my file and who knows, maybe I want to work there again one day. If you have anything you want to say, I would do it verbally if the opportunity arises.

And if you really have an immature manager who gets kind of upset or makes the whole thing unpleasant, just get up, say you resign, then walk to HR/call HR and inform them and ask how to proceed. (Friend of mine had this happen, total freak show of a boss). Work is not prison, you can leave whenever you want. Just make sure you follow the procedure that HR prescribes. If someone is a total asshole, there is only so much you can do to keep it all civil. But as long as you are not the one yelling/cussing etc, you will be fine.

    • 2
Feb 28, 2015
Gini:

I think it's a bit unlikely that anyone would go to the lengths mentioned above. If you resign, you are clearly not that keen on your job and want to go somewhere else and once you have gotten to that point, you probably thought about it for some time.

I agree with this and I'd be surprised if someone tried to kill your new job opportunity. If anything, it should reflect badly on the person trying to cause problems.

However, this is so (suprisingly to me) standard with all the people I've seen jump ship that I recommend following the approach of not disclosing.

    • 1
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Mar 1, 2015
SSits:
Gini:

I think it's a bit unlikely that anyone would go to the lengths mentioned above. If you resign, you are clearly not that keen on your job and want to go somewhere else and once you have gotten to that point, you probably thought about it for some time.

I agree with this and I'd be surprised if someone tried to kill your new job opportunity. If anything, it should reflect badly on the person trying to cause problems.

However, this is so (suprisingly to me) standard with all the people I've seen jump ship that I recommend following the approach of not disclosing.

Good points ... SB'ed

Mar 1, 2015

Quitting after a bonus is always great no matter what, regardless of the bonus and the industry. Could anybody shed some light of leaving a position within the company for something better? My bank has a stupid policy of letting your manager know that you're interviewing within the company..

Greed is Good!

Mar 1, 2015
CUBuffwg:

Quitting after a bonus is always great no matter what, regardless of the bonus and the industry. Could anybody shed some light of leaving a position within the company for something better? My bank has a stupid policy of letting your manager know that you're interviewing within the company..

From my experience this is pretty routine. In addition, they will likely want you to have been in your role for a period of time prior to pursuing a new role within the firm to keep various departments from poaching employees and frequent job hopping. I switched roles within the same firm and spoke to my manager about it prior to interviewing for the new position. It was awkward but definitely not unpleasant ...if you have good rapport with your manager it shouldn't be an issue.

Mar 1, 2015

Interesting post - thanks!

I was hoping to get some views about leaving

Mar 1, 2015

don't tell them where you're going is kinda obvious but also extremely overlooked and underappreciated

Mar 1, 2015

this is great info, thanks for posting!

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Mar 1, 2015

When I got hired my boss told me he looked forward to the day when I leave for a better job. For the most part everyone is here to use the place as a stepping stone and management knows it. Since I've been here 1/3 of our team changed and it's only been 4 months.

Mar 2, 2015

Way too long - Go to your boss, tell him you are quitting. Give him no info - except better money or opportunity.
No need to give him hints about what works and what doesn't, if he doesn't have that figured out he shouldn't be in the job in the first place.
It's the best day of your life, enjoy it. Bask in your glory.
Do not shit at your company under any circumstances though, as they might make you work your garden leave in the basement. 1. Don't tell them where you are going 2. Quit

Your boss' have done it themselves, they can't blame you for it.

They might try to match you, so you you can tell them what package you are going on. Except that's a dangerous game to play as the following year you won't be kindly looked after if you decide to stay. I am of the school of thought that if you decide on leaving you leave for good.

The info about sending stuff on USB stick sounds a bit dangerous, you will send loads of red flags to IT and I am pretty sure that's illegal in a lot of banks to carry a USB stick around. Sending stuff to your gmail is also not ideal, but if personal should be fine as long as you don't do too often, as IT will see it and you are not supposed to do personal things on your work time, at least at the banks I worked at.

Mar 2, 2015

Great value add! Wish I read this before I jumped ship, although judging by what I did and reading this it was a peaceful and professional exit

Mar 2, 2015

Good post. I like the feedback-on-the-business part, this probably gets overlooked the most. Can be a great way to invest in your network.

Mar 2, 2015

Great analysis.

I really like that you mentioned not to mouth off about the company's negatives. When you quit, you are essentially firing your boss and the company, and anything negative you say will just be used as a way to write you off as a troubled employee. So, if you are trying to settle a score, the best revenge is to just be professional.

Mar 2, 2015

What kind of experience do you have with reference checks from your current employer in order to finalize the role with your new employer?

Doesn't not disclosing the new employer weaken the bridge with your existing employer, especially if it's not from one bank to another bank?

Feb 28, 2015
Going Concern:

What kind of experience do you have with reference checks from your current employer in order to finalize the role with your new employer?

Practically none, as I've networked into every job I've had in my ~16 year career, other than my first grad role. In each case, the company and team I've gone into has worked with me in my previous job.

Going Concern:

Doesn't not disclosing the new employer weaken the bridge with your existing employer, especially if it's not from one bank to another bank?

No in my experience. It's such an accepted industry standard approach that no one takes offence not being told.

    • 1
Mar 1, 2015
SSits:
Going Concern:

Doesn't not disclosing the new employer weaken the bridge with your existing employer, especially if it's not from one bank to another bank?

No in my experience. It's such an accepted industry standard approach that no one takes offence not being told.

'genuinely curious if this is a rule or a guideline? Also, would you know if that applies to leaving corp fin roles as well? Everyone that I know who has quit my company (not from the finance dept.) talks about where s/he is going.

Mar 6, 2015

Great article. I am leaving my current role for another firm and this was much needed advice. I told them where I was going...I had no idea this was a potential issue. Could someone elaborate more on this? An example?

Things may come to those who wait, but only the things left by those who hustle.

Mar 7, 2015

example your supervisor who has more experience and contacts presumably, could express interest in the position. this happened to a coworker we were in a downsizing department and a coworker got an offer first and our supervisor thought he was more qualified. he had the contact info BC he was listed as a reference. so whether he called or not we don't know but he said he was going to.

Mar 7, 2015

example your supervisor who has more experience and contacts presumably, could express interest in the position. this happened to a coworker we were in a downsizing department and a coworker got an offer first and our supervisor thought he was more qualified. he had the contact info BC he was listed as a reference. so whether he called or not we don't know but he said he was going to.

Mar 7, 2015

i don't even update my linkedin unless i start looking for a job

Mar 8, 2015

Solid advice. I did tell my previous employer where I moved to though. Seemed like nothing fatal came from doing that.

Mar 13, 2015

Good post.

I think you can mention the company if it is not obvious which group you are getting into. Then again, maybe someone has it out for you. If you have generally chill co-workers I'd doubt they would begin callng every group in a bank to get you denied. That would be so messed up though.

Dec 18, 2015
undefined:

Good post.

I think you can mention the company if it is not obvious which group you are getting into. Then again, maybe someone has it out for you. If you have generally chill co-workers I'd doubt they would begin callng every group in a bank to get you denied. That would be so messed up though.

Speaking from recent experience, I would recommend against telling them the place you are going. My old boss threatened to call someone they knew at my new shop and badmouth me if I didn't finish some BS project. Nothing ever really came of it (and I d'gafed the project anyway because that pissed me off), however it was an uncomfortable situation. Don't discount how quickly kool-aid drinking coworkers can start to dislike after you opt for a different career path.

Dec 17, 2015

Whats the big deal everyone has about quitting after you get a bonus, it's not like a bonus is a deposit on you staying at your job. It is additional payment for a job well done.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Dec 17, 2015

Fantastic advice, Just went though this myself. Sbd

    • 1
Dec 18, 2015

i wrote an article on when to know when to quit your job:

http://careerswithpaul.com/2015/09/26/how-to-know-...

Dec 18, 2015
Dec 20, 2015

Thanks for the post. This is some great advice. How do you handle any questions about how you got the job/found time to interview (since you made have had to make up excuses to get out of work during recruiting)?

Mar 1, 2015

I did interviews before I went into work. Just say you had an appointment that couldn't be rescheduled. I'm already checked out, but don't make it obvious. I'm actually writing my notice as we speak and turning it in tomorrow.

Greed is Good!

Dec 20, 2015

I've seen people leave for other banks, for buy-side jobs and for lots of other things midway through the year. The long and short of it is that you're going to burn bridges and people will be pissed no matter what you do, but they'll be especially pissed that you're going to another bank.

You'll most likely be escorted out immediately or shortly thereafter once you tell them your plans.

Basically the only thing you can do to weather the flak is to remain calm and make your reasons as impersonal as possible. Be appreciative and say you enjoyed your time there, but feel you want to stay in banking long-term/want to work on different kinds of deals/etc. make up any reason that doesn't insult them.

It's going to be a painful day but it will be over very quickly.

Dec 20, 2015

Depending on how much they want you to stay, they might try to convince you to change your mind. You should listen to what they say, but if you're intent on leaving, politely decline. If they ask you why you're leaving, be polite and don't burn any bridges. They might tell you you're making a huge mistake, but don't let it get to you - people always have second thoughts about these sorts of things.

If you're going to another bank, I'd expect that you'll be out the door almost right away - you might want to covertly take your personal belongings with over the the few days before you formally quit. It beats waiting for them to send things to you.

And depending on what your contract says, you'll might get some time off before you start your new job - you probably have to give notice before quitting (two weeks is the norm). It's just that they won't want you in the office for it, since you're moving to another bank. You'll just sit at home waiting it out.

Dec 20, 2015

How about models? I would like to keep some of my models - could I email these to myself en masse on that day or could I face any type of legal issues? Risks associated with that?

Dec 20, 2015
feed_me:

How about models? I would like to keep some of my models - could I email these to myself en masse on that day or could I face any type of legal issues? Risks associated with that?

If you really want to keep some files, emailing is NOT the way to go - it's very traceable, and what you're doing is technically illegal.

If you insist on taking some files with you, I'd recommend bringing a USB thumb drive with you to work and loading everything onto there. This is MUCH harder to track and most firms are not setup for it. It's every bit as illegal, but you are MUCH less likely to get caught.

Dec 20, 2015

Do not email your models. TRUST ME. There are legal issues involved and there is no reason to deal with that.

Dec 20, 2015

Do people typically give notice only after the bonus hits the bank account? I would imagine so as otherwise you might run the risk of the bank docking some of your payout for unknown and unjustified reasons.

Dec 20, 2015

Don't think I even need to say this, but you never know with banks. Some of my friends who left after their first year were super paranoid and even transferred the money from their bank account to multiple other accounts once it cleared. :) You probably don't need to be quite this paranoid but definitely wait til the bonus hits your account.

Truthfully even if you left before that you'd probably be fine just because of how banks' payroll systems are set up, but why take the chance?

Dec 20, 2015

Walk into boss's office. Say "I quit." Walk out. Pack up your stuff. Leave.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Dec 20, 2015

Don't be nasty about it, handle yourself with class.

Dec 20, 2015

so i guess the best practice is to download every model you have worked on into a UBS drive on an ongoing basis, rather than doing it after you decide to quit.

Is it illegal to email a copy of my model to my hotmail account on an ongoing basis (before I decide to quit)

Dec 20, 2015

Absolutely not to the Hotmail comment. You think they don't monitor outgoing email for exactly this kind of thing?

The best way to not get caught is the USB drive. If that is out because of physical locking, there are other ways that you can transfer the files, but you'd have to go out of your way to make sure you are using high grade, end to end encryption.

Even still, the encrypted traffic might throw up flags, even if they can't tell its contents.

Dec 20, 2015

Yes it is illegal, no matter when or how you do it.

Dec 20, 2015

Do not use USB sticks. It is still risky and not worth it. They can detect when this happens.

Dec 20, 2015

If you have made them ... and u know it then just.. look at them daily at work ..take notes.. build them fast at home.. y risk ur job

Dec 20, 2015

Lol... take notes and build them fast at home? Have you ever seen a model?

Dec 20, 2015

So anyone who has done it? i am sure there are people who manage to retain their models and work product.

The other way is to just print the model out. you lost the formulas of course, but at least you can see the model set-up.

Dec 20, 2015

Someone I work with e-mailed a ton of documents to himself before he left, no one has caught him so far.

Dec 20, 2015

Have your computer adversely possessed.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Dec 20, 2015

Just be a man about it. Go to your boss, look him in the eyes and let him know your are giving your two weeks notice.

Dec 20, 2015

Wait, you might be a female. Same difference.

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Dec 20, 2015

Sh*t on debra's desk and then roll out

Dec 20, 2015
Dec 20, 2015

Large cake with "I quit" written in icing. If it doesn't go over well then take the cake.

Dec 20, 2015

See you later, gay boys!

Dec 20, 2015

You've been there three months. You're officially "flaking out" so it probably won't go over well. I think the cake idea isn't that bad all in all.

Dec 20, 2015

if its only 3 months with a shitty shop then go all out (cake, shit on debra's desk, see you later gay boys). let us know what you ended up doing, I think you will have a more fulfilling time doing this. Ive burnt bridges in the financial services industry and I haven't even graduated yet.

Dec 20, 2015

I'm pretty sure your supposed to piss on something in order to establish dominance.

Dec 20, 2015
Dec 20, 2015
Dec 20, 2015

damn

Dec 20, 2015
Dec 20, 2015

pay attention to 4:01-4:31

Dec 20, 2015

blast the remix of TI's big things poppin, salute your boss, and peace out my dude.

Dec 20, 2015

Say the culture wasn't what you were looking for.

Dec 20, 2015

it's like 3~5 man shop, you think i'll need to give him 2-weeks notice? I mean the hiring contract doesn't specify any notice period and it's at-will employment, so I should be able to quit right away, right?

Dec 20, 2015
Vectors225:

it's like 3~5 man shop, you think i'll need to give him 2-weeks notice? I mean the hiring contract doesn't specify any notice period and it's at-will employment, so I should be able to quit right away, right?

If you don't wanna burn bridges, then yes, 2 weeks notice is customary.

Dec 20, 2015
Dec 20, 2015

give a two weeks notice. He might say leave right away but at least you gave him the option.

Dec 20, 2015

two weeks notice dude...if you have anything that sounds like a reasonable reason to move cities (family, gf, etc.) that might soften it a bit by allowing them to think its not their lack of dealflow/prestige that caused you to quit

Dec 20, 2015

What if you leave and your new firm is even more political?

Dec 20, 2015

That's why I was bummed honestly but I'd be kicked out in July of next year anyways. No where else "up" till at least another 6-9 months. I was actually thinking of going to grad school (bio UG major so maybe PhD or MD -> ER or Startup), changing careers (Asset Management), or ski bum for a year (then apply to grad school.

Feb 28, 2015

Hit up the recruiters tomorrow morning after your hangover wears off. Apply to grad school. Network. Get out as fast as you can.

Leave these people in the dust and move on to greener pastures. Just be glad you found sooner rather than later. Use your current position as leverage towards something else.

Don't retalliate within the context of work, you're in a no win situation and you don't want to ruin your chances at your next gig. Everyone will know why you are leaving. Look at it this way: you're jumping ship on a lousy group of people.

    • 2
Dec 20, 2015

And they really believed you were dumb enough to say your coworkers were unintelligent? Sounds fishy...

Dec 20, 2015

@Rickybooby: it didn't really matter because everyone on the committee has to approve the "new" hires. I know my friend told me he was shocked.
@UFOinsider thanks for the advice! Its shocking because my company has been ranked year after year in all those magazines as one of the best places to work.

Dec 20, 2015
Rickybobby:

And they really believed you were dumb enough to say your coworkers were unintelligent? Sounds fishy...

I semi-agree with you. And I know you have to start somewhere but I find this to an amusing introductory post (you have 2 bp at the time of this comment).

OP:

I agree with UFOinsider. You need to keep working hard in the office, and harder outside the office networking, applying to jobs/schools, or simply figuring out what your next move is.

Dec 20, 2015

Don't know what is the protocol at your organization but there should be something stipulated about this in your employment contract. Generally speaking you want to be professional and accountable about this. So give them some advanced notice if at all possible. If you have any active assignments, the firm will likely ask some of your colleagues to take over your duties. So get them up to date on your assignments so they can readily take over your works as you disengage yourself from these.

Dec 20, 2015

People quit all the time in the middle of projects. Assuming you work at a big firm, they'll be used to it.

That being said, you can still piss people off if you do it the wrong way. Figure out what you want (to leave immediately) and what you're willing to do (stay for X amount of weeks), and then sit down with your manager to discuss. Once you guys discuss, tell him what you're thinking. Maybe it's two weeks, maybe you stay two months, depending on the situation.

Either way, be up front, and then make sure to leave things in good shape for your team. Nothing worse (and no better way to burn bridges) than someone staying on for a month or two extra and not doing a single thing. In the end, it's your career, so do what's best for you without screwing anyone over too badly.

Dec 20, 2015

Let's be real - you're not staying on for 4-8 months. Sit down with your project manager and say you've gotten a new opportunity that you couldn't say no to, they would like you to start as soon as possible and ask what you can do to help make the transition as smooth as possible. He won't ask for anything too unreasonable - it's not the first time anyone has quit. Even if he asks for a month, I'm sure your new job will understand and would rather want you to not burn your bridges.

Sep 10, 2017

Typically when moving firms, there is the offer (formal) then background checks etc. Do you typically wait until after the background checks are done to make your announcement or once the offer letter is signed?

Jan 31, 2018

congrats on your new offer, where ya at?

not sure on the quitting part, but just do it politely, and let them deal with it

Jan 31, 2018

Should I give two weeks? It's going to be a really shitty 2 weeks if that is the case...

Jan 31, 2018

1 - I think you posted the most key thing: this is "at will" employment. Essentially that means they can fire you any time and not think twice about it; you should feel the same about quitting, just go ahead and do it.

2 - Be prepared to offer 2 weeks but also be prepared for them to say, "no thanks, today is your last day". That wouldn't be uncommon in the situation you describe.

Jan 31, 2018

bank of ny, trading role in corporate treasury. Not the most prestigious, but still not bad.

Jan 31, 2018

i wonder if the folks from Citi and UBS that are firing people as we speak actually contemplate how they'll go about the process.

dude, don't hesitate to let them know you're getting out of there. just don't be an asshole about it, and i can't imagine that anything bad will happen.

Jan 31, 2018

2 weeks is the most professional, but given that you will be burning a bridge, i'm not so sure if it matters.

are you on good terms/freinds with people there? if you feel a decent connection, it can't hurt to give 2 weeks, but yea it could suck on your end.

Jan 31, 2018

10 years later I am certain all of this generic advice will be quite helpful

Jan 31, 2018

I'd prefer to have a conversation with your manager and explain your reasons. He will be upset that you're leaving, but he should understand that it's what's best for your career.

If he doesn't, pull off an extravagant resignation and post it on YouTube.

Jan 31, 2018

First, before you do anything, clean house.

Delete any personal stuff from your computer and get your personal items out of there. You should be prepared to lose all of your online access and possibly be escorted out within a few minutes of giving your notice. Not saying it will happen that way, but you need to be prepared.

Offering two weeks notice is a good courtesy, but you should be prepared for them to decline. If you're going to a competitor, they will definitely want you out sooner, for confidentiality reasons.

I've never quit a banking job (only corporates), so I can't advise as to which specific people you should notify first - HR, your staffer, your group head? Probably a judgment call. Or the day and time of day to make your approach? I would lean towards a Friday morning. Definitely should be done in person.

Just a few opinions. I'd be interested in what others have to say.

Jan 31, 2018

Are you moving to another job?

Jan 31, 2018

If anyone is from BoA here, they are going to be pretty shitty when they work out who you are. Dropping the word on an internet forum? Talk about burning your bridges...

Jan 31, 2018

You quit banking and you just burned a village nevermind a bridge. I am quitting banking for a corporate job. Yea I have been slowly taking out personal items and deleting anything non work related so I can really be out of here in less than 5 minutes, but great advice. I am going to let my staffer know, MD (and senior bankers), HR, and then friends. I am going to give 2 weeks but I expect a decline of that offer. Any other ideas.

Jan 31, 2018

Tell them it was a difficult decision but you were approached with an opportunity you couldnt refuse. Thank them for their time, efforts and for allowing you to learn and grow.

Dec 20, 2015

How long have you been in the job?

Can't you "Man Up" for your 2 year obligation.... I find quitting rather silly when the "time frame is so fixed, absolute, and you knew what you were getting yourself into.

Why'd you waste everyone's time?" (the " " represent what BofA people will think)

  • justanotherbanker
  •  Jan 31, 2018

Net worth or nothing is right. I've heard way worse stories from people who have quit early (sworn at, yelled at, shown the middle finger, etc). Probably depends on how old school your MDs and head are.

Jan 31, 2018

analysts are easily replacable. Most analysts quit. that's why it's a 2 year program. Just be nice and courteous when you give your notice and thank your manager for the opportunity. Not to be rude, but in 3 months, they won't even remember you. You have to do what is best for your career and yourself. Maybe this corporate job wouldn't be there at the end of your program??

Dec 20, 2015

In this business you've got to look out for yourself, because no one else will that's for sure. Be courteous, yet hold your ground because you're most likely going to take some heat. Sounds like you were expecting this so it shouldn't be a big surprise.

Dec 20, 2015

Like I said...2 years is a nice, neat number. You don't have to explain to employers... "i started with a bank, but decided it's not for me".... to alot of people, they don't like that crap. It sounds too ephemeral, too dandy-mandy, too fairy-like, etc.

It would be great to hear "I quit my job at a BB so I could build orphanages, I decided my skill-set is better used in A,B, C"

"the quotes represent what people will think"

Dec 20, 2015

Don't quit!

Jan 31, 2018

In normal circumstances I would stay for 1.5 more years, but this is an excellent opportunity and the timing is now. It is a group that does usually have openings and they usually require 2-3 years of prior MA experience, but I have an in. This is what I want to do in the future so why not now.

Also, I know in a few months I will be an afterthought and that is exactly what I want to be. I do not want people to give a shit that i leave because I completed nothing earth shattering during my stay, no less than the average analyst does in his two years.

I did not come in to this trying to waste anyone's time. Using this rationale no one would ever leave a job because they were wasting people's time. It is all about advancing my career, looking out for number one.

Dec 20, 2015

My comment on 'wasting time' is the 1) cost of recruiting you 2) cost of training you 3) cost of keeping you on the first 1/4 of the year only to have you quit 4) the opportunity John ABC didn't get because you got a position and he didn't

If you stay at a company, you've at least added value in some way (I don't want to start an argument over this theory, it's just a theory...possibly wrong)

It seems like you're smart and are making a good decision, good look man.

Jan 31, 2018

Just give two weeks, if you're given the opportunity to say thanks then do so. Obviously, if you ever want to return to banking (less so other high finance jobs), even with an MBA, you're greatly lessening the chances.

On the other hand, you are employed at will and thus can leave at will. Analysts are tools for higher-ups to leverage to make more money, nothing more - don't mistake all the development crap and doublespeak for caring, it's just a retention tool. If you hate the job, or have found a better opportunity, no need to stay, it's not like you'd want to go back anyway, and investment bankers only have power in their own little world.

Jan 31, 2018

no bank cares about analysts

Jan 31, 2018

so there's an opening at BofA...where do i send my resume?

Jan 31, 2018

don't sweat it

"In normal circumstances I would stay for 1.5 more years, but this is an excellent opportunity and the timing is now. It is a group that does usually have openings and they usually require 2-3 years of prior MA experience, but I have an in. This is what I want to do in the future so why not now."

do what you have to, be gracious when you leave. it's not like you're going to be friends with these ppl afterwards, no one will take it personally.

Jan 31, 2018

I quit a bank after 1 year to go to another bank. I don't think bank A really cared that much I was leaving. Most banks are looking to shrink their staff now anyways so your just helping. Analysts are a dime a dozen anyways.

Dec 20, 2015

I mean for every analyst that quits, there's probably another 30 college grads lined up to take his/her place anyway.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jan 31, 2018

One of Jennifer Aniston's TWO worthwhile roles.
The other being horrible bosses

But great post as usual

"You miss 100% of the shots you don't take. -Wayne Gretzky. Said by Michael Scott." - Michael Scott

Jan 31, 2018

Quitting a job you hate is one of the greatest feelings you can ever have

Jan 31, 2018

Ask my boss if he has a few minutes. Walk into his office and sit down. Ask for a pen. Write some obscene amount of money on the piece of paper he has in front of him.

"What's this?"

"Can you match it?"

"Are you serious?"

"Can you match it?"

"Haha of course not"

"Thanks for the opportunity. I have enjoyed my time here at XYZ."

Stand up, offer my hand, have an awkward handshake, walk out of the office straight out of the building.

Not exactly ridiculous, but a bit of a fantasy right there.

Jan 31, 2018

Lester is my hero.

Jan 31, 2018

The thing about fantasies are that they are like masturbation. You enjoy it but you dont want to do it in front of other people.

Jan 31, 2018

Haven't checked the list but the "Fuck you" scene from Half Baked better be top-5

Jan 31, 2018
SpacemanSpiff:

Haven't checked the list but the "Fuck you" scene from Half Baked better be top-5

#7 actually.

Feb 28, 2015
SpacemanSpiff:

Haven't checked the list but the "Fuck you" scene from Half Baked better be top-5

fuck you, fuck you, fuck you.....you're cool.....and FUCK YOU

I'd like to nail two poles to my chair, punch out my VP, and demand security carry me out on the chair like a persian king.
Litter on Flickr

Jan 31, 2018

Tom Cruise taking the fish is awesome.

Jan 31, 2018

This thread rules.

Jan 31, 2018
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If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

Jan 31, 2018
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