I’ll be starting as an Analyst 1 soon, but I don’t have prior investment banking experience. I’ve noticed that some first-year analysts in this forum are placed on PIPs within the first month on the desk. Do firms generally understand that there’s a learning curve in the first year, or is it the case that if you’re behind other Analyst 1s from day one, you’re at risk of being placed on a PIP? Any advice would be appreciated.
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Don’t really care what anyone says training doesn’t really exist and don’t go in expecting anyone to hold your hand and spoon feed you and understand you don’t understand something. The base expectation a bank should provide to you is SoP: font, color codes, size of fonts, etc. If they can’t do the baseline they’re a shit company. If your associates aren’t working to get you up to speed, it’s also a shit company.
Some of the people who were on PiP’s were at shit companies. If you’re at a formal BB, EB with a standardized process PiP’s shouldn’t really happen - more so people just not getting promoted to associate if they’re bad.
Frankly, if a company is firing anyone under 6 months on the job for job performance it’s a shit company and it isn’t really a reflection on the analyst but more so the company’s unrealistic expectations for analysts.
Analysts require clear direction of expectations. They require at minimum a shell to work with if they’re new to understand how things work here. If they’re not given that, it’s a shit company and you should jump ship.
thank you, that was a very good take
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