So my offer letter says I have return back the signing amount if I leave within a year. How does the math work-full rerun of 20k or post-tax deduction the any that I received ?

like
Posting as :
works at
You are currently posting as works at

I was told to pay it back when I left early, which was the after-tax amount. I was given advice to not commit to returning the amount and that banks wouldn’t chase the money (too much effort)… and they didn’t… :)

like

Most likely the pre-tax amount of 20k and then you’d have to make adjustments when you do your taxes to be reimbursed for the tax withheld.

Are you planning to leave in a year after you take the offer letter? If so that should be a big consideration for you signing the offer.

Can you elaborate pls

I have been told horror story’s abt large pay backs , and depending on what you make the next year it will be hard to recover the loss be super careful. I knew someone with a 80k clawback for leaving and was forced to give the pre tax number

Appreciate the suggestions here

Related Posts

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

like

Anyone has experience in investing through Angellist?

What’s the most you would feel comfortable spending on rent in BH/WeHo for a 1bed at $250k TC and no debt?

likesmart

Looking to buy Rolex OP. Thoughts on new vs used? Is the additional ~2k worth it for new?

Why do people accrue prepaid expenses?

Has anybody invested in Yamuna gaur city or planning to do so?

like

Hi guys. I have a query with regards to the Income tax proof submission.

So I have claimed exemptions on the following-
1) HRA
2) 5 year term deposit(fixed deposit) under Section 80C
3) Interest on education loan under Section 80E

I have also provided previous employment details.

Guys I didn't know that we have to submit declaration forms as well. Can you please tell me which are the declaration forms that I would need to fill and submit??

Thanks in advance :)

like

If I’m contributing to my Roth 401k vs pretax 401k and my employer matches 10% of my contributions. My employer match be 10% on my post tax contributions right? Technically meaning I’ll be getting less of my 10% employer match then if I were to do pretax 401k since that match would be on a higher amount?

like

One of my big hang-ups with biden tax plan is raising corporate tax across the board. Why raise taxes on businesses when we've just found out how fragile it is to be able to run a small business?Why not at least propose some kind of progressive corporate tax structure if you want to raise taxes on corps?

likesmart

Besides working, how do you finance pros typically spend the weekend?

like

What's a reasonable average amount for basic cost living in LA (housing, food, transport, phone, internet..) for more context : single, would like to live in an independent studio in a nice area.

like

Is it good to get stocks as part of CTC which has 4 years vesting period?

CTC looks high due to this stocks but effectively i would not be getting it for the 4 years. Also the yearly hike includes this stock component.

CTC had fixed, variable and stock part. Variable and stock is almost 30% of total ctc.

Really confused if this is a good deal or is it a trap.

like

Do we have option to include stock in salary structure in FIS to save income tax?

like

FIRE - What is your total net worth so far? What's your profile?

like

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

like

Recommendations for best ways to save for retirement after contributing to 401k up to match and maxing out Roth IRA?

like

Ok, I haven’t done an HSA previously, but considering it for my family during this next open enrollment. What do I need to know about high deductible plans? How do y’all feel about the HSA - any downsides? I’m honestly a little worried about the higher OOP costs, but we’re also not significant users/consumers of healthcare, knock on wood. Anyone regret it and go back to a normal PPO/POS insurance?

like

I recently sign a lease. The apartment will put my security deposit into an interest-bearing account and requires me to fill out a form W9. I will join EY this June and just wondering if this is ok in terms of the independence rule. I guess the apartment will put my deposit in some sort of funds. Anyone with EY has experience? Reading the independence brochure, looks like it does not specify something related to this scenario but just wanted to confirm . TIA!

like

At a high level, what is a better way to maximize returns?

File all 12 months in NY or
file a few months in PA and remaining months in NY (about 9)

I was in PA for a bit during the pandemic

like

Solana 😭😭😭

I don't own any and it hurts.

Curious in seeing what people's avg cost basis is in this, when you purchased, and why?

like

More Posts

Anyone having 2-3yrs of experience recently joined Accenture as an application development senior analyst?

like

Currently iam working as a Senior analyst in operations. However, is it good to go for Data analytics rather than continuing in the same Supply Chain field?

like

Anyone have insight into Shearman & Sterling, Dallas?

like

Made an "insensitive comment" at the office today. Said, James Bond can't be a woman if James Bond is a guy. Psyching myself for the upcoming HR classes.

funnylikeupliftingsmart

In weekend checked out VTP Peagusus project in Kharadi possession 2025. Project looks promising but when visited the site accept for the towers rest all be it roads or daily basis shops nothing is there yet but they say that till the time of possession roads and everything will be functional. The rate for 750 sqft carpet 2bhk they are giving for 74lacs and possession is 2023 May. Another 2025 possession 850 sqft carpet 2bhk for 79lacs.Hardly any difference in rate per sqft. Please suggest

like

Looking for a Database Manager role. Are there any level B/7 roles available for NCR region?

like

Hello Public,

I'm form Mumbai, first time going to visit chennai for 3 days. Kindly suggest places to visit | local food places | recommendations

Thanks in advance - Abhari ahe 🙏🏼

like

Please help chose between PwC India and Deloitte USI. Both almost offering similar CTC but PwC location is Kolkata whereas Deloitte location is Bangalore.

like

Amex gold or chase Sapphire preferred? I need a card for international travel to avoid foreign exchange fees. Please note, that I'll receive a $150 credit towards the Amex annual fee due to having a corp card. I'd you my capital one checking, but no rewards/benefits there.

someone please save me from ad agency land 😩 im a catch of a hire for a data analyst. i specialize in marketing measurement 📊

like

Any fun awards I can use as inspiration for an “office superlative” kind of ceremony?

like

Job opening for multiple profiles. C++, AWS Devops, Java spring, JAVA BED spring boot, React JS.
DM your name along with your email address if interested.

Post Photo

Hi Guys,

Can someone refer me for Salesforce developer opening in HPE in India.

like

No amount of coffee is doing it today. Energy and focus at an all time low.

like

Which opportunity is better in terms of exit ops and M7 MBA acceptance? Undecided on exits, looking at corp dev, in-house M&A or strategy into tech

Deloitte M&A SDV vs A&M PEPI MAS

like
like

Anyone else absolutely *loathe* being assigned new client matters at the end of the month when you know your billable time won’t count bc conflicts haven’t cleared yet? Just me?

like

Why are engineers so difficult to recruit? Sometimes they make me feel stupid lol.

What should I put in e signature tab in Barclays onboarding portal for accepting the offer? I'm getting validation error - personal data e-signature has failed.

like

Additional Posts in Finance

Which PE firms in Boston have the best reputations?

like

How often do you drink? I try not to Monday-Thursday

Financial advisors—how do you prepare for a meeting with a new client? What information do you need to gather? What information is useful for your pitch? Where do you find this information?

like

Most hours without sleep? In college, 58 straight hours

like

Does anyone have a SaaS model template with implementation and subscription fees? Monthly would be appreciated

like

That feeling when you hit the bed friday, turn off alarms, ignore friends texts and go comatose

like

I have been working remotely since covid getting nothing but positive reviews. My company is not remote friendly and is now telling me I have to return to the office or I lose my job. I just found out a co-worker had a remote position created for them, without a job posting, without an interview and without the experience required (normally a license or certification would be mandatory). I understand life isn’t fair but is there an ethical problem with this?

like

Five year anniversary coming up with my SO. Trying to decide on a restaurant. Thinking Jean-Georges, Daniel...any other recommendations?

like

What is a challenge you’re going through this week?

like

How many of y'all have trust funds? What'd you do with the $$$?

like

How does one get into trading from positions elsewhere in the bank? What would impress you most about candidates attempting to do so?

like

Nothing worse than an analyst who thinks they know everything and can't think big picture - neither can you take direction nor do you understand broader context around said comments

like

I am a 3rd national living and working in Poland. I have around 1.8 years experience in investment banking including 2 internships. I applied for some roles at BNY Mellon london and other investment banks, that closely matches my current job description and skills.

I am willing to move to london.

But do you think they will consider me?? Your opinion matters? BNY Mellon | Pershing JPMorgan Chase Goldman Sachs

like

Any good book recommendations for profitability and performance management for banking industry? Or books on best practices for calculating economic capital?

like

Any of you in FinTech coverage? Part of TMT or FIG?

like

What is the salary range for an associate at JPM?

like

Any pros and cons on either getting the capital one venture card or a credit card with United. I want to start traveling more and mostly fly with United since it has a lot of flights out of my nearest airport. Debating on which one would be better.

like

NYC folks - Reminder: Happy Hour tonight @ Brother Jimmy's! We'll be there ~7pm. Ask for the Fishbowl happy hour at the door, or look for the balloon! Or use bowl code bxbft to find us!

like

A day at the beach is the best way to destress after a busy week.

like

Hi there,

I am hoping to connect with an industry expert who has or had some first-hand LoanIQ app experiences. I am hoping to understand some of the pain points from the end users and what works well/what’s not for LoanIQ!

A very quick call would be ideal but over chatbox would be nice too. And looking forward to chat! (Coffee is on me :) )

Kind regards

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal