When do you quit job after getting another offer?

Do you quit once you have signed and sent in the offer letter? Or wait until background check etc is done (but this would also tip off your existing employer if they check to see if you work there)

 

wait till all parts of background check except employer check with your current employer are done. Just make sure this is clearly communicated to the background check guys (you usually have to explicitly tick a box or smthg of the like to confirm that they contact your current employer, just leave that blank).

Once all of that is completed, resign, they can confirm the last outstanding bit and done.

 
Best Response

Changed jobs about a year ago and I resigned literally the very first instant possible. My background check and drug test (all that check the box stuff) happened after I started at the new firm.

I had a verbal offer for about a week before I resigned. It was a very stressful time, because I wasn't certain if the deal would ultimately work out and I was having backdoor, secret meetings on a daily basis. Hard to keep a lid on it when your admin and everybody else in the office is wondering why you were spotted leaving the building in a suit, and where all the stuff in your cube went (home in boxes). Five of us were leaving so there were lots of moving parts, and the firm threatened to sue my boss when he resigned ahead of me. My paperwork wasn't ready for a week after my bosses left, making me question whether people were being forthright with me (they were).

It was just so hard to continue slaving during that time, trying to keep up appearances. I was originally planning to use the offer to see if my firm would beat the offer. But the new offer was something like 3x my former all-in, with a promotion. So the minute I signed the contract, I scanned and emailed it, sent the hard copy via FedEx overnight, and sent my resignation email to my coworkers. I wore a suit to the office, arriving around 11:30am, sent an email to HR, and I had an exit interview within about 20 minutes, signed my departure forms, took the elevator to the lobby and departed forever.

For the next 30+ days, I got to enjoy what is perhaps the most wonderful thing about working on Wall Street. Garden Leave. In the past, when I've had a lot of free time I've been unemployed or basically poor. Not this time.

If anyone ever decided to write a screenplay about my life, it would be a pretty cool scene.

 

Ullam et iste quasi maxime. Pariatur quasi quas aspernatur harum sapiente velit occaecati aut.

Et neque consequuntur earum ad ut cupiditate eos. Ut omnis nobis quasi. Nihil recusandae non minima voluptate eius eum.

Consequatur eum qui dolorem accusamus eos dolor. Quibusdam enim rerum rem nihil officiis autem. Est distinctio sunt in modi. Nihil qui accusamus sed est ducimus ut necessitatibus. Pariatur qui a est.

I am permanently behind on PMs, it's not personal.

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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
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...”