6 months in and not really technically strong
So I'm 6 months in to my analyst stint and have gotten consistently pretty good at making decks, helping schedule stuff, take notes, etc.; and have helped with simple roll-forwards once or twice. I've been studying modeling on my own via LBOs and that type of thing but recently we were given raw client data and was asked to help on a revenue build to reconcile data, etc and felt pretty lost (first time doing that type of thing). Is this to be expected? Like I understand an LBO/DCF but when it comes to scrubbing and cleaning data to be prepared for then going in to the model build, it seems like the more senior analysts/associates handle that stuff and I felt out of my wheelhouse.
I feel so lost 6 months in with this same stuff also. Felt like I haven’t been given much direction on how to do this so I’m constantly scared on being asked to do this and having no idea how to run with it
Same it gives me quite a bit of anxiety whenever these things come up. I study files once others work on it but it's just new to me. Any ways you've been getting better? I study files and take notes on the calls after when we discuss these things further but still don't feel confident at all.
I’m still so lost and feel like an idiot a little bit, learning slowly but it’s brutal
I’ve been there…do you have revenue builds/models from different deals you can access? Honestly, taking other models or revenue builds can help. Using the same formatting and backing in is helpful as well. 6 months isn’t the longest time tbh…you’ll feel better after a year. Grant it, I’m in credit so it’s different but our underwriting requires similar things/ raw data from clients.
Yea we do have files which I will spend more time studying now, I'm in M&A but we get pretty hands on, would probably we worth it to dig and learn, it's just kind of tricky and intimidating with lots of messy and spotty data from clients, which I guess presents a good learning opportunity.
Don’t get discouraged. I was from a non target and likely slow out of the gate, but by my 1st year review it was all golden. My advice - try and find an associate/sr analyst to help mentor you. And keep at it. Your sr bankers should expect you to make mistakes and need help, but as long as you’re trying and making progress that’s what matters. Attitude and effort goes a long way. And don’t be afraid to ask for help. My $.02
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