Not Getting the Experience I Thought I Would...What Should I Do???
So I joined a MM bank outside of NYC (CHI) as a analyst and got placed in a group I have no interest in (FIG) and no I cannot transfer groups.....I've been here since graduation in May and have yet to touch a model. I've spent the vast majority of my time doing BULLSHIT formatting and clerical things....so far the deals I have been apart of have been small equity raises....I did this because I thought I would learn a shit ton, and be able to use my skills to get a job at a media company (very interested in this field) or maybe even start my own business. As of now I feel like I am wasting my time! So I ask you guys this, with my free time (i have weekends mostly off), would it be beneficial at all to do one of those Wall Street Prep/biws courses to get some sort of modeling experience (I have absolutely 0 modeling experience) and possibly lateral to another group/bank???? Or should I just leave this bank and forgo the banking experience and try to get a job at an actual media/internet company? I'm trying to salvage what I can of this experience. Appreciate any advice.





Jump ship and don't look
Jump ship and don't look back. Simple
What bank?
What bank?
It is a fucking MM bank in a
It is a fucking MM bank in a secondary market. Business is slow. Give it more than 6 months. You are doing small clerical work, welcome to banking.
MSF Website
MACC Website
MSF Twitter
yeah, don't bitch too much,
yeah, don't bitch too much, you might wind up getting tossed out on your ass
kinda weird that you havent
kinda weird that you havent touched any models yet. But you need to remember that banking is 95% clerical work...
I'm not going to say what
I'm not going to say what bank, but yeah I obviously don't bitch (except to my close friend..another analyst)....I am going to at least give it a year, but should I do biws or wall street prep or some kind of modeling training on free time to get some kind of fundamental knowledge of modeling so when it does come to modeling I have a slight idea of what I am doing....or is it just a waste of time. I really don't mind doing a few hours every weekend.
Also, how MM is your firm.
Also, how MM is your firm. Are we talking Harris Williams, Baird or something really small and barely MM. I would give it a year. If you aren't seeing modeling coming your way you either ask for it or start looking to go elsewhere. 5 months is not a good gauge.
MSF Website
MACC Website
MSF Twitter
It's def along the lines of
It's def along the lines of HW...if you are in the industry you will know of the bank
you should speak up and they
you should speak up and they will likely give you more of what you are looking for
and quit f'ing around on WSO and get back to work
A lot of banking IS the
A lot of banking IS the clerical work... even at BB's most coverage analysts will not know how to model properly (if there is a separate product group). But a lot of the value in banking extends beyond knowing how to model
MeNeverSleeps wrote: you
you should speak up and they will likely give you more of what you are looking for
and quit f'ing around on WSO and get back to work
go fck yourself....I'm sitting here waiting for a turn, so I'll spend all the time I want on WSO
also I appreciate everyone's
also I appreciate everyone's advice...I may be complaining, but don't get me wrong I def. feel fortunate to still have this. I just wasn't sure if this was common this far into my 1st year.
Yeah dude, give it a little
Yeah dude, give it a little more time, but don't be complacent. If you see other people doing shit and you are getting shafted open your mouth. Last thing you want is to be a 2nd year, get throw out to do an MBA or something and try to go into PE not knowing the basics.
MSF Website
MACC Website
MSF Twitter