A2A Promotion
As a 1st year analyst, I’m curious as to how the promotion cycle works. I want to create this thread so that people can ask questions and promotes can answer.
I’ll start first:
How do I know whether or not I will get promoted?
What happens If I don’t? Do I get fired, do I continue working as an analyst?
Easy to get if you are a female and do bare minimum
This is true. Said Analysts also talk trash about their peers, other analysts and VPs to the group head. Important!!
If you work at a boutique, you could know as soon as several months to a year ahead of time, depending on the group. There are some groups which will only tell you at the time of the promotion, but most in my experience will want to have some sense of continuity. The larger the bank or group, the less likely they are to tell you in advance. For BB, EB, MM, etc., they are likely to be very red tape about everything.
If you do not get promoted, IB more or less behaves the same way as the old BigLaw system: up or out. At each critical juncture, you are either promoted to the next level, or you are given a minimal or zeroed-out bonus and told how many weeks or months you have remaining. In that period of time, you get your affairs in order.
Based on previous WSO threads, here’s what you need to know about the promotion cycle and what happens if you don't get promoted:
How to Know if You Will Get Promoted:
Feedback from Senior Team Members:
Performance Reviews:
What Happens If You Don’t Get Promoted:
Continuation as an Analyst:
Possibility of Being Let Go:
Lateral Moves:
Skill and Temperament:
Additional Insights:
Character and Knowledge:
Honest Conversations:
By understanding these aspects, you can better navigate the promotion cycle and prepare for any outcomes.
Sources: What if you're fired as an Analyst?, Snubbed for promotion - What would you do?, When would you quit?, Minimum Time Before Lateralling?, Life in General Will Cost More Than You Think
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