URGENT: 3-month notice period in offer - deal killer?!?

research4093's picture
Rank: Chimp | 8

Hi all - need some advice, I've got an offer at a very reputable HF (>$2bn), but the offer is contingent on an employment agreement that has a 90-day notice period. The firm won't budge and is insisting it remain in the contract.

Question 1: is this going to proclude me from opportunities/offer in the future? Making it harder for me to leave?

Question 2: would this lengthly notice period be a deal killer for you?

Comments (7)

Mar 8, 2019

It's basically a non compete which is pretty standard these days

    • 1
Mar 8, 2019

I mean iits not 2 years. 90 days is just cash your bonus and go to Thailand money.

Go on lnkdin and you will see a ton of guys with 18 month sitting on the beach.

Mar 8, 2019

Family friend had a 6 month non compete. You'll most likely be paid for this period - its either time for you to get a new job or go to some asian country and travel for dirt cheap.

Mar 9, 2019

While the other posters had a point in saying that it is a non-compete, personally I'd be somewhat wary.

I personally don't feel that I am at the point in my career where I could recruit for another firm with that kind of non-compete and not have it hinder my recruiting process. I would guess that it wouldn't matter at all at the pm level but imagine that it would at the analyst level especially at the leaner, more aggressive funds out there

Mar 9, 2019

Pretty standard in the industry. You get paid to go on holiday for 3 months.

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Mar 10, 2019

From the other comments, seems like 3 month (90 day) notice, is really just a 3 month (90 day) non-compete. For the hedge fund world, that is not bad. If it is a good opportunity, go for it!

Mar 10, 2019