Politics in AM?
I started at this AM firm as part of a ER program which I am about to finish. I got very positive feedback in all the groups I “rotated” in, after working really hard on my pitches. Got a “return” from a well respected team in the firm and I’m excited to start with them soon.
Now, for reasons I won’t explain, there is somebody else who might join the team as an Analyst in a different sub-team. This person comes from somewhere else in the org, has no background in finance at all (not even a background relevant to our sector) - they essentially just got in because of politics, no interview, at a higher level than me (which, NGL, after all the work, stings a little bit). I was assured this won’t impact my career development, time to become a PM or my coverage (thing I’m the most scared about).
I’m trying to stay positive about it, but I feel demotivated (maybe childish), but not to the point that it’s impacting my work product. I have a mentor here, but don’t want to ask them as I am afraid to sound petty/bitter.
So I want to ask you: Is there any silver lining in this situation? Anything positive I could get out of it/should be doing right now?
Based on the most helpful WSO content, navigating office politics in Asset Management (AM) can be tricky, but there are ways to turn this situation into an opportunity for growth and resilience. Here's what you can focus on:
Control What You Can: As highlighted in WSO threads, the only thing you can truly control is your own effort, attitude, and work product. Continue to excel in your role, build your reputation, and focus on your long-term goals, such as becoming a PM. This will ensure that your career trajectory remains on track, regardless of external factors.
Build Political Capital: Office politics are inevitable in any career, especially in finance. Use this as a chance to strengthen your political capital. Network with seniors, build relationships across teams, and position yourself as a valuable team player. As one WSO thread suggests, "Success = Work Ethic * Political Capital." Both are crucial for long-term success.
Leverage the Situation: While it may sting that someone with less relevant experience is joining at a higher level, this could be an opportunity to showcase your expertise. If this person struggles due to their lack of background, you can step in to help or guide them, which could further solidify your reputation as a team player and a leader.
Stay Positive and Focused: It's natural to feel demotivated, but don't let it impact your work product or relationships. As one WSO thread advises, "Focus on improving yourself and less on the boogeyman." By staying focused on your own growth, you'll be better positioned to handle any challenges that arise.
Seek Mentorship Strategically: While you may hesitate to bring this up with your mentor, framing it as a question about navigating team dynamics or career growth (rather than venting) could be helpful. For example, you could ask for advice on how to ensure your contributions are recognized as the team evolves.
Silver Lining: This situation can teach you valuable lessons about resilience, adaptability, and navigating office politics—skills that will serve you well throughout your career. Additionally, if you can maintain a positive attitude and continue to excel, you'll likely stand out even more in the eyes of your team and leadership.
Remember, as one WSO thread emphasizes, "Perception is far more important." Focus on maintaining a strong, positive perception within your team and the broader organization.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/guide-to-office-politics-part-i?customgpt=1, Guide to Office Politics (Part I), Dealing with PM (equities) who is trying to limit your progress, Landed Your First Job? EXTREMELY Important Thread: Office Politics, BB Analyst Impacted By Layoffs - Looking for Insight
You've described a pretty vague situation. Not sure how anyone's meant to offer you much here.
"Some person has come into my division, in a different sub team, at a level above me, how do I not crash out" is basically what I'm reading.
Firstly, I don't really understand how this would affect you at all or what's there to be so upset over. Yes you did a lot of work and whatever but you probably don't know the full story about this person either.
Secondly, you're writing as if you're signing up to a lifelong career at this place. Likelihood is, at some point, you will move shop.
Thirdly, just focus on doing the best you can do, no point crashing out as basically an intern in a game of internal politics that you are out of your depth on probably.
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