Any other first-years thinking of quitting post-bonus?
See title.
Obviously, first-years quit post-bonus all the time, but given the shitty bonuses of this year, what is the point of sticking around? Unless you are meeting a two year requirement to go to buyside.
Given that the market is not going to improve for another six months minimum and layoffs may continue to happen, I'm thinking it might be best to jump ship while I still can. I'm not learning much with slow deal flow, my group treats me like shit, and I will probably leave before AN2 bonus anyways.
Get the hell out of that IB shithole and to the buyside ASAP. I did the same thing a couple of years ago and am very glad I did it. Joined a VC shop as AN2, got promoted to Associate 1 a year later when my classmates were joining as Associate 1's -- except I had a way better life for 1 year / got paid more.
With the current shitty IB environment, I would leave for buyside ASAP.
What if you can’t leave to the buyside and a mid bucket analyst
As in you got in off-cycle?
IMO the more I think about it I feel like the GOAL is to aim for a caliber of buyside firm, and then take anything you can off-cycle so you can leave IB immediately and get into a buyside role.
Can you go buy side if you trade RMBS/CMBS/CLO at a BB?
Sounds like a credit fund might be a option. Look into it IG
Are you saying you could go to an IG fund, or if you trade IG you are more likely to end up on the buyside?
The shitty bonus wouldn’t be so bad had the treatment been okay and there was actually some learning involved. Definitely set on leaving but the job market is also not the best one to just quit with nothing lined up either.
First year at a BB in nyc. Leaving in a month, will be getting my shitty bonus in 2 weeks. Once I get it I’m putting in my resignation.
I got a buyside gig so no need to stay in the IB gauntlet
Guessing you got it off-cycle, meaning no requirement to stay for the full 2 years?
I actually left last week. Yes it was off cycle for private credit. Just saw the job posting on Google and ended up with the offer (think this was back in March or something)
Leaving makes sense iff you have something lined up. Otherwise, it's a horrible idea in this market (unless obviously you really have to for mental or physical health reasons in which case that comes first)
for sure, as OP I just meant in th general sense of trying to find a new job
I am a third year and have thought of quitting post bonus every year for the past three years.
Left after 1 year in banking to go to the buyside (seniors didn't take it well but whatever). I'm literally working 10-20 hours less per week and made $50k more than my counterparts in my old group. Absolutely no regrets whatsoever
What type of firm are you getting less hours for more pay if you don’t mind me asking? MM/UMM?
What was recruiting like for one year out? Did you go through on-cycle and have an accelerated start date? Current SA trying to make a similar move
It’s secondaries PE, hence why hours are better. Recruited off-cycle hence the early start date
I'm at the start of my analyst stint now, less than 2 months in. I decided to skip on cycle to focus more on this role and to figure out my preferences more generally, with corporate and buyside both in mind. When did you recruit/did you reach out to recruiters? I feel as if I interviewing is a strength of mine, and considering a move like yours. Would love to hear any more about your experience.
I want to quit but don't know what I want to do next and don't want to make the wrong choice
Nihil non qui nulla unde repellendus quasi necessitatibus. Voluptas quibusdam et sint amet dolor quae. Doloribus autem quisquam laboriosam dolor non aut. Repellat laudantium tempora et est. Inventore omnis laborum ipsam velit commodi unde adipisci et. Fuga quia illo autem eaque nihil sed ipsa consequatur. Odit velit ut autem.
Aut libero expedita minus voluptatum quas aspernatur ab. Odio voluptas ut magnam omnis. Eum sed consectetur sint provident deleniti rerum nobis earum. Rerum nulla sunt beatae beatae ut repudiandae blanditiis.
Tempora sit officia quis aliquam aliquid eaque. Ipsum vel rerum asperiores. Rerum incidunt facilis inventore.
Minima et laudantium sit molestias. Adipisci excepturi vitae aut numquam deleniti. Qui perferendis aspernatur expedita aut. Et quas aut quod in. Voluptate esse enim est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...