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HSBC - 2 Year work limit - Required to take 25 days off a year
UBS - 48 weeks work limit - None
Is this normal in contracting for investment banks?
Its becoming more prevalent. A few years ago it was just JPM (3/10 year limits). I have heard they now get 2 year and 1 year limits. I have heard about limits at DB too.
I just cannot see the reasoning for the 1 year ban, once you get to jedi master in your role they throw you out the door and replace you with a complete novice.
They are quite adamant that this is the way to go.
Currently in one of the places mentioned in the first 2 posts, been extended to 14 months, out the door after that and it is a "no quibble" policy.
i know folks at both your named banks who have been there longer .... plus i was extended at hsbc and didnt need the 25 days off, depends where you are i guess, where i am now i have gone through exception too - work it baby work it
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