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Quitting around bonus time

July 20, 2010, 4:24 pm
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I'm finishing up my second year as an analyst at a MM firm and am going to work elsewhere in finance. We receive numbers on 7/22 and get paid on 7/30 or 7/31 depending on if the deposit clears on Friday (it usually does for our paychecks). Unfortunately, the new firm is understaffed and needs me to start ASAP (8/2), so I don't have a cushion between the pay date and my start date.

When should I tell my bosses? As far as I know, it will be a complete surprise to them. I see myself having a few options:

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Quitting, The Dream

August 29, 2010, 3:24 pm
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Had a dream last night about quitting my job.

I took a keyboard to the annoying EA sitting across from me. One of my dual screens to the third year associate from Stanford, the other to the 2nd year from NYU.

Took the computer tower and threw it through my director's office window hitting him on his gigantic forehead and then jumping out the window and landing on tina fey dressed as sarah palin.

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Quitting Investment Banking

November 3, 2012, 5:00 am
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mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from February 2011. If there's an old post from Eddie you'd like to see up again shoot me a message.

Ask anyone who has been in the business awhile and he'll tell you that investment banking isn't all it's cracked up to be. The hours are long, the job security for the past four or five years has been pretty shaky, and there was that whole bailout thing in 2008 that basically turned investment bankers into lepers, conveniently blamed for all of society's ills. Some days you just want to throw in the towel.

Walking away from banking isn't common by any means. Let's face it: it's hard to get paid this much anywhere else, especially when you consider what it really is a banker does for a living. But sometimes the grind just gets to be too much, and some people just quit. I know, because I was one of them. Sure, things worked out for me in a big way before I bailed, but I'd promised myself before any of that happened that I'd pump gas for a living before I spent another year of my life trading.

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How Bad Is It To Leave Your Job After One Year?

May 29, 2011, 7:06 pm
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Hypothetically, let's say that someone quit their first real job out of college after one year? Would potential (second) employers look down on this? Does the reason matter? If I did something like this, it would be strictly for location reasons. The city I'm currently living in, I'm not a huge fan of. It's in the Midwest, and ideally I'd get back to the West Coast within a few years. The longer you stay in a place, the easier it is to get stuck there, so if I want to move back it's probably easier to do it sooner as opposed to later. But, I don't want to hurt myself career wise.

Apply to Top Wall St. Jobs

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Quitting after one week?

July 19, 2011, 8:19 pm
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I'm in a difficult situation right now. I just graduated and recently I started working at a small Firm X, where I do investment research and I've been there for 1 1/2 weeks. It's an ok environment, everyone is very nice. The problem is that while I was still interviewing for this job, I was also interviewing with Moodys, who took forever to get back to me and have only just now now given me an offer, when I already worked for a week.

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RESIGNATION letter

August 16, 2011, 8:41 pm
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Does anyone have a sample resignation letter they wrote, or any advice on how to write a resignation letter?

...I searched WSO... didn't find much... any advice would be appreciated!

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Leave job before school?

September 12, 2011, 4:34 pm
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I am debating quitting my FP&A role at a major BB- I graduated from my two year analyst program and was promoted to AVP in a financial planning role. The problem is, I absolutely hate what I do, and have no interest in doing anything remotely similar long term. The hours are long because of unnecessary and zero value add deliverables, and the work is mind numbing.

I was planning on leaving anyways in the spring to attend law school ( Yes I know law has immense employment problems, but I refuse to go unless I get into a top 10 school)- I was able to get a 169 my first shot on the LSAT, and I know if I study a bit harder, I can break 170 on a retry.

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How to quit like a boss?

November 10, 2011, 4:46 pm
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So I am working for my current employer right now, it's been about 3 months. Work flow sucks and the city sucks too so I have been actively looking for other opportunities ever since, and I have finally secured a FT offer elsewhere. I am to start next month, so I need to notify my current employer ASAP. It's at-will employment so I'm all good, but I want to maintain a good relationship with my MD. So I think I need to sugarcoat how I approach this subject rather than saying "I hate this place so I decided to go somewhere else."

Any suggestion or advice? Or thoughts or mockery?

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Funny job situation...go

January 11, 2012, 6:10 pm
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hello,

new timer here. need help on funny situation. quit job recently, but figuring out now that current job isn't the most pleasant. only quit job about month ago. had good relationship with previous employer.

would you think they would take me back? was hoping to set up a lunch with former boss and see what could be done...

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Best Way to Quit Your Job

January 20, 2012, 11:04 am
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Now that we're in the throes of what promises to be the most depressing bonus season on record, I thought it might be fun to indulge the fantasy we all think about from time to time: quitting in spectacular fashion. To that end, the good folks over at IFC have compiled the 20 Best Job Quitting Movie Scenes of All Time.

The first two are no-brainers: the scene from Fight Club where Ed Norton kicks his own ass in his boss's office and collects his next year's salary as severance, and the scene from American Beauty where Kevin Spacey manages the same feat through blackmail. The rest are all classics: Jennifer Anniston in Office Space (perhaps her only worthwhile movie role), John Malkovich in Burn After Reading, and who could forget Tom Cruise's "don't leave me hangin'" scene in Jerry Maguire?

Quitting has always been my favorite part of any job, which is probably why I'm such a terrible employee. A lot of you are pretty angst-ridden over the long hours you've been putting in and the miserable bonuses the banks are handing out. I can't tell you that it's not worth it to hang in there; most of you wouldn't believe me anyway. But I can tell you I placed a higher value on my 20's. I walked away from two six-figure finance careers before I was 30. Sometimes the juice just isn't worth the squeeze.

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Will quitting a IBD SA position 4 years ago affect my future employment?

February 14, 2012, 3:43 pm
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Here's my story: did BBIBDsummer analyst in the summer after my junior year more than 4 years ago. I quit 6 weeks into the internship because I just didn't like the hours and felt it wasn't for me, graduated, and has been doing something else (non-finance) for 4 years since. Now I am considering going for an MBA and breaking back into IBD at a BB.

Thanks!

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Goodbye WSO!

March 22, 2012, 10:12 am
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Fellow monkeys,

I've been active in wso since about 2006, and it's been a great experience. I've learned a lot from the various posters, made a few friends, and really enjoyed the contents. I sincerely hope that I've been helpful to others as well.

Due to some recent events, however, I arrived at the conclusion that I should no longer post on WSO. It's a tough decision given how much I love this site, but I feel that it's the right course of action.

Those of you who want to get in touch with me can still pm me.

Best of luck with everything.

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Quitting without a plan

April 29, 2012, 5:27 am
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A few of my friends at my firm constantly talk about quitting. I have been advising them not to, because I think they would all languish in unemployment. None of them have anything on the line, and only one of them has seriously even pursued another job. I think they're all chickenshit millenials who are too entitled for their own good. One is having an existential crisis over how other people make more than him, despite the fact he only joined recently and switched careers.

To be fair, the job is a dead-end (no moving up, only moving out), and we have the distinct possibility of no bonus this year (~25% of comp). They all have the financial flexibility to quit, but not the balls, apparently.

Am I being fair in my criticism? Would you quit without something to move on to?

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Serious question, Is it better to be fired or quit?

May 1, 2012, 10:44 am
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I cannot stand my job and its starting to bleed into my overall performance. Its not like I am just not doing anything but instead of exceeding expectations I now simply meet those expectations. Should I stick around continuing to collect a pay check before they decide to fire me or should I just quit?

UPDATE: Thanks for your responses, I'll simply put the happy face on while I have the job and vigorously up the ante on my job search. Really appreciate it.

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Joining a start-up

May 29, 2012, 9:57 pm
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Wanted to get everyone's opinion before making my final decision..... Currently an analyst with a middle market investment bank in the public finance division but recently ran into an opportunity to join a startup that has the potential to blow up and get big. What should I do? I hate my job and am not learning the skill set in the group. Btw if you want to do banking avoid public finance investment banking at all cost, trust me, it's fuckin bullshit. You will not develop any useful skillet nor have the opp to network and meet others...with that in mind should I quit and take a chancE? I'm 25 years old and I figure worst case scenario I'll go back to get my MBA and rebrand myself...I already scored 735 on the GMAT....please help am I thinking this the right way? YOLO - you only live once

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going to quit tomorrow - advice?

June 3, 2012, 9:12 pm
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i've been at this job for about 3 months, but can't stand the work and my boss is a dick. i feel like i was a bit misled in the hiring process as to what this job would be like. i was lucky enough to secure another job and i intend to quit tomorrow (or this week latest).

question is: should i let HR know that a big reason for my quitting was because of my manager's lack of, well, 'managerial' ability? or should i just resign without mentioning. either way im going to burn bridges because ive only been at this job for 3 months, and im leaving the finance world so don't really care about burning bridges.

any advice?

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Quitting Your Job for B-School

June 21, 2012, 1:30 pm
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I came across an article recently that I thought would be helpful for those applying to, or thinking about applying to B-School in the near future. The information here is actually important for everyone, but I am a focusing on how it pertains to leaving for B-School. The article highlights 9 "things you need to do", of which I am choosing to focus on 5 key areas:timing, your replacement, your resume, references, and your network.

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Thoughts on Quitting

July 22, 2012, 4:15 am
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I've been thinking a lot lately about quitting my job outright, without anything lined up. I have a number of reasons behind wanting to do this, hygiene factors are a big part of this recurring daydream but what it comes down to is that I don't think this is the place in the world where I can add the most value. What it boils down to is my job admittedly is a poor fit for me. Im WAY too much of a cynic and a low level misanthrope for this line of work.

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If today was your last day

August 10, 2012, 7:40 am
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So today is my summer intern’s last day. Did I get some free coffee? No. Did I get a Donut? No. Did I even get a “Thank you for being such a wonderful role model and nurturing my young mind”? Nope. That’s ok, he’s still got another 8 hours to make up for it. But it did get me fantasizing about what I would do if today was my last day. At least 5 times a day I say in my inside voice “F this sh*t”, so today I decided to list out what I would actually do if it were my last day and I didn’t care about future job prospects.

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When do you quit job after getting another offer?

September 1, 2012, 11:01 am
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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)

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