Earlier start date for 1st year analyst
Hi all,
I will join a BB for full-time analyst position (IBD) in Europe.
The program actually starts in summer with a training program, but the people I interviewed with, asked if i could start a couple months earlier, since I graduated this month.
My question is: Do you think it is a good idea to start earlier. Or might that turn out be a drawback in case I do not perform like a first year analyst (with respect to financial modelling for example). After all I will be something like an intern before training. Am I right?
On the other hand I believe it might be a good idea. In terms of getting to know the team and get ahead of other analyst who will officially join the firm after training.
Might be stupid questions, but I have no prior experience as an intern in a BB.
Any advice is greatly appreciated.
nonan





Starting early is fine
if you want to.
They know you haven't had training, but they could certainly use the help, so they will guide you along. It will give you a big jump on all of the other analysts.
Also (and maybe most importantly) you should get a bigger bonus at the end of the year than everyone else because you worked more. (Make sure therefore that you are not on a fixed stub bonus plan, and if so that HR bumps up your number for starting early)
That being said, you are getting ready to give up your life, so think long and hard about giving up the last few months of freedom.
I would go travel or something.
But if you want to do it, there are no professional disadvantages to starting early.
i personally would be weary
i personally would be weary of starting early. i would guess the main reason they want you early is because they are are busy and understaffed. this means there will not be additional time for people to help you with complicated tasks => you get to spend 100% of your time on the most menial, basic tasks i.e. comps, profiling.
there will also be no other early starters around to remind your associate how useless and error prone interns/first years are.
you're by no means guaranteed a bigger end of year bonus meaning you might effectively be on 1/2 to 2/3 pay.
go and do something fun like lying on a beach for a couple of months.
Don't be an overachiever and
Don't be an overachiever and start early--enjoy your life before you lose it.
I agree with taking a few
I agree with taking a few more months off. Once you start working you will kick yourself for giving up that glorious free time.
I would
It seems to be that people comment on their friend’s experience (past posts on subject), but has anyone gone through the process themselves?
If you could do modeling and you’re able to do all tasks can you skip training?
Was your bonus pro-rated?
I know people say don’t start early and just travel. But I’m sick of living of my parents and want to be financially independent.
For nonan80 I would start early, just due to financial reasons.