The Art of Resigning

Robin Judson |

Congratulations, you have landed the job of your dreams or maybe just a better role than what you have.  You cannot wait to resign but hold on.  It’s important to think through the process.

What do you need to do to get ready to join the new employer?  Are references all done?  Did you have to take a drug test? (FYI, stop eating poppy seed bagels several days before the drug test.  While rare, poppy seeds can produce a false positive in a drug test).  Did the test results come back?  Has the background check cleared?  Do you have a confirmed start date and a written job offer? When does health insurance coverage start?  Know if you will need to elect Cobra, to extend your health insurance for a period after you begin the job.  Do you have a garden leave or non-compete?  Make sure in setting your start date that you have factored a forced hiatus into the start date decision. If you have been given a contract rather than an offer letter, make sure that you have an employment lawyer review it.  As you work through these steps, slowly remove your personal/important possessions from your office or cubicle in case you are escorted out after quitting.   Once you can check off all the pre-employment requirements, it’s time to resign.

First, make sure you really want the job so that you do not get tempted by any counter-offers (see my LinkedIn post Never, Ever Accept a Counter Offer).  Make an appointment (if needed) to speak to your supervisor.  It’s important to resign in person, whenever possible. How you approach the discussion depends on your relationship with your supervisor.

Let’s assume that you and your supervisor are on friendly terms and that he/she has taken on a mentor role for you.  It will be important to preserve that relationship for the long term.  Make sure that you express your gratitude for the opportunity that you had working with him/her.  Share information on why the new job will offer growth or compensation that the current role can’t, but never imply that there was any problem with the current role.  While it may sound odd, remember that for purposes of your resignation, you are moving for something new not leaving what you have.  Give two weeks’ written notice and assume that you will need to stay for the full two weeks.  If the new start date allows for it, offer to help with transition or wrapping up an assignment.  If you have any strong relationships elsewhere in the firm, let them know about your plans after you resign, unless one or more of them already provided a reference. Throughout the process, stay positive but make sure that your supervisor and those more senior know that you are not looking for a counter offer and cannot accept one.

Unfortunately, some of us have the boss from hell. The screamer, the abuser.  It’s still important to resign in person.  Put together a formal note saying that you are resigning, effective a certain date and will stay for two weeks, if needed. Walk in, thank him/her for the opportunity and say that you are leaving.  Then hand over your resignation letter.  Do not share where you are going or what you are doing.  You are not under any obligation to provide that information.  Once you have resigned, stay out of the boss’s way.  Keep to yourself until you leave.

Some companies require an exit interview. Use that time to praise your mentors.  It is fine to make suggestions that are constructive but make sure that you don’t undermine or criticize your supervisor if the two of you have a good relationship.  If your supervisor or those around you are abusive, think carefully about what you say in your exit interview.  You have nothing to gain by telling HR about it when you are leaving and it could come back to bite you later.

Once you extricate yourself from your employer, try to take a break for at least a week so that you can start the new job fresh and ready to go.  Good luck!

If you found this article helpful you might also want to check out “Take Five Crucial Steps to a Successful Job Search”  

Now Is Not The Time To Accept A Counter Offer

Robin Judson |

Jack G. complained constantly that his fund did not pay him anywhere close to the value he produced. In his role as a Principal in XYZ Private Equity Fund, he had significant P&L attached to the portfolio companies he worked with, sat on two boards and a deal he originated was about to close. Two

... Read Article


Some Wall Street dealmakers are choosing WFH over big paydays, as return-to-office plans become key to recruiting

Samantha Stokes | Insider

Recruiters told Insider that some senior bankers at the managing-director level and above are saying they won’t consider new roles that are based in the office full-time. Samantha Lee/Business Insider Flexible-work policies are top of mind for many senior bankers, recruiters say. Candidates are turning down roles that don’t allow remote work at least sometimes. Some

... Read Article


Wall Street’s Hottest Commodity: College Grads With Excel Skills

Mary Biekert | Wall Street Journal

All across Wall Street, one price keeps going up: the one for young talent. Big banks can’t hire junior staff fast enough — not even at the new going rate of $100,000 a year. Chalk it up to the pandemic. Or the notoriously long hours. Or youthful realizations that maybe banking isn’t all it’s cracked

... Read Article


How To Handle Job Offers In The Post-Lockdown Economy

Robin Judson |

Many job searches during this post-lockdown period result in candidates receiving multiple offers. How to best handle the scenario.

... Read Article


A Guide To Interviewing From A Career Recruiter

Robin Judson | Robin Judson Partners

We believe we know interviewing because we have been in the financial recruiting business for over 25 years. This is our guide.

... Read Article


How To Nail A Video Interview

Robin Judson |

With the on-going pandemic, we see many of our clients conducting their interviews on Zoom, Skype and other services.    The video interview offers the best and worst combination of telephone and personal interviews.   We suspect that even after the end of the pandemic,  the video interview is here to stay, for at least a couple

... Read Article


A Simple Approach to Successful Interviewing

Robin Judson |

Those of you who have worked with us know that we always emphasize one key approach to interviews. We always say, be yourself.  Be your best self but be yourself. Don’t try to be what you think the interviewer wants.  You don’t really know what they want.  You could lose the opportunity because they perceive

... Read Article