IB VP Resignation (UK)

I am a VP3 in a BB sector coverage team here in London. My contract includes a 3-month notice period and I have received an offer to join the corporate development team of a large European media company. Note the company is outside of my sector coverage.

I intend to submit my resignation after signing my new employer's contract and when background checks have been completed.


What can I expect in terms of serving my notice period and/or gardening leave? What can I expect around unvested deferred comp? I have heard of certain folks exiting as "good leavers" when moving to potential clients and thereby retaining deferred cash/equity.

 

AS1 here so take with grain of salt but I’m thinking this’ll be a negotiation with your line manager or team head and you’ll be expected to work at least part of your notice period (at least a few weeks). No clue on deferred tbh…

 

Standard procedure is (i) out the door the minute you resign, and (ii) can assume deferred comp is a 0. Typically you get your new employer to buy you out, which usually means swapping deferred stock in one company/bank for another.

 

Suscipit quidem possimus et consequatur corrupti magni dicta. Sit ipsam et quia hic voluptatibus iusto.

Fugit quisquam rerum et cupiditate ea. Iste qui et et. Et ut earum ullam laborum quis odio ut distinctio. Ducimus nam eius sit molestiae. Ex dolores recusandae nostrum non quia.

Beatae voluptatum labore numquam dolorem cupiditate repellendus a. Hic optio deserunt iste.

Quidem tempora qui corrupti ipsum. Dicta quia quia eligendi error. Veniam velit maiores libero deserunt occaecati. Et quia quaerat sunt. Quo laboriosam quidem omnis delectus animi sit ut.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
bolo up's picture
bolo up
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...”