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>In finance though, don’t people usually get a cushy 6 month paid “gardening leave” when they switch? Getting paid your salary for a couple of months (three is
by NovemberWhiskey 3y ago
>In finance though, don’t people usually get a cushy 6 month paid “gardening leave” when they switch?
Getting paid your salary for a couple of months (three is more common than six, in my experience) when most of your earnings might typically be in bonuses is less cushy than you might think.
- bradlys 3y agoAt least in NYC - the non-competes that I know of are for way longer than a couple months. Most of the guys I know with non-competes are at least six months with many being a year or two... They're not getting paid peanuts either. They're still getting very good paychecks.
- jen20 3y agoSure, but it still doesn't cover total compensation.
- teaearlgraycold 3y agoI know someone that got a HFT non-compete for $300k over 9 months with only a few years of experience.
- steveBK123 3y agoDREAM
- ng12 3y agoTypically your new firm will cover your missed bonus.