Will EY actually ask for my bonus back if I quit after a month? This was totally not what I expected... I hate it here and need to quit

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@Deloitte 1 - I have respect for someone who realizes they’re not a good fit and gets out early. But if you sign an agreement saying that you will forfeit your signing bonus if you don’t stay long enough, why ask if you are entitled to keep it? It should be assumed that they will uphold the agreement and you’ve done nothing to earn it

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Lol I like how everyone says "entitled millenials" whenever someone realizes that something is not for them and so they don't want to pursue it. You guys all think we're lazy kids who just cry about wanting new iphones? We work our ass off to get into overpriced schools so we can get jobs, and work out ass off just to realize that you jacked up the housing prices with less jobs out there. And you keep complaining that millenials don't want to do anything these days. Just bc you stuck with PA, you're making feel OP bad for leaving the industry? We millenials learned that pursuing our happiness has much greater gain at the end of our lives, which is very short to be judged by you old folks.

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We get starting bonuses.

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^ what kinda money we talking? Might be worth it to give it back if OP is that miserable.

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I think you have to pay it back and what's worse, it might be on a post-tax basis, so you should see if they can dock your last pay check and vacation instead. Also, agree - it is way too early. You can know that you hate what you are doing now, but don't be so quick to judge EY and other opportunities here. Also, you might find it hard to be taken seriously elsewhere.

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Suck it up!

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If u pay it back post tax it's called a claim of right which is an itemized deduction on your 2018 tax return. Alternately you can rerun your 2017 tax return without that income and see the difference and file 1040x. ,you can then pick whichever gives you the best benefit. We see this all of the time with us expatriates that are equalized.

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Wow. Someone asked if a technical rule is actually upheld in practice. I guess the person is some entitled lazy brat. If I was considering quitting, I would want to know this too. Wouldn't you?

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I wish that recruiters would tell first years how bad that first year is going to be. You go to college, get a degree, look forward to graduation and getting a job. No one prepares you for the fact that the work is hard, you are going to be working unbelievable hours, you will have no life, you will feel like a failure, you will work with people you hate, your anxiety will be high. But...if recruiting did tell you that, you would never take the job, right? But if you hang in there, it will get better. As far as the bonus, read your contract. If you paid a contractor a downpayment of $5K to build a room on your house and they only worked for 1 month and decided it wasnt a good job and didnt finish the room, would you want your $5K back?

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That busy season ends ^

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My bonus was 5 grand. I'm sure it varies though.

EY2 is just jealous he didn’t get out at the beginning

Mine was $5K as well.

EY4 you mean pretax?

I think you need to ask yourself what you expected this would be like. And then you need to ask yourself what you'd like to see yourself doing. The more fundamental the dissonance between the two, the more likely you should move on. Like others have said, I think 1 month is too short.

If it was a signing bonus I’d say yes. Guess it depends on the terms of the bonus.

Dude, my first six months working for the firm was literally spent reading mortgages, loans, and notices of default all day (special project they made hundreds of staff and seniors do for a large onetime FIDS engagement after the foreclosure crisis). I came in as tax and didn’t do anything tax related for six freaking months. Six years later and since that time I’ve gotten to do federal, State income, and sales and use tax stuff (mostly advisory type engagements, not just compliance) and now I’m in Transaction Tax working on massive restructurings for Fortune 100 companies. You never know where you’ll end up in the firm. Honestly, I’m not even sure I want to stay in TT the rest of my career, but I know I have options within the firm. I’ve known people who have even jumped from audit to tax and vice versa.

People entering the workforce now after college are considered Generation Z

They will simply withhold from your last pay check

I’m curious as to what the recruiter told you.

lol. they can ask
all they want. say no. not a thing they can do

I’m a little worried how KPMG5 has a job if he really thinks there’s nothing a company can do to clawback a contractual signing bonus. 🤔

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