Anyone else feel like they're behind the learning curve?
2nd year associate at a BB coverage group..been on the desk for almost 22 months now, but due to minimal deal flow I feel like my skills are far behind where they should be. Definitely don't feel ready to be a VP in a year and a half, and would prob be lost as shit if I somehow landed a PE gig in the next several months. Considering lateraling to another firm with better deal flow to build out my skillset...Anyone else in a similar boat?
Based on previous WSO threads, it's not uncommon to feel behind the learning curve, especially if you've had minimal deal flow. Here are some insights and advice that might help:
Skill Development:
Networking:
Lateral Moves:
Self-Assessment:
Preparation for Future Roles:
If you feel that your current position isn't providing the growth you need, it might be worth exploring other opportunities that align better with your career aspirations.
Sources: Q&A: 3rd Year PE Associate ($10bn+ AUM, MBO/LBO, equity, mezz, distressed debt), BB VP to PE Associate, Learning Curve as 2nd Year Analyst, A2A - what has been your experience ?, Confessions of a former second year IB Analyst
Hi there,
I'm a second year so take my input with a grain of salt. I'm at a MM with weak deal flow and could totally see where you're coming from. There are associate 3 and 4s at my firm with 0 deals closed (yes I wish I was joking) and up for VP promotion. Based on what I've seen at my firm and comparing them against ASOs at my friends' BBs and EBs, I can tell the skill / knowledge difference is wild. I was told by my mentor at another bank to lateral ASAP, because the more senior I become the harder it is to move. That difficulty will be exacerbated with weak deal flow, so the earlier you can get out the better.
I really respect how you think and plan for the future (mostly because it aligns with how I think LOL) because I know associates at my firm would rather coast for free pay checks, but I was told - and I believe this too - weak deal flow will come back and bite associates in the ass in the long run.
What bank if you don’t mind giving a hint
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