Anyone else giving less and less fucks about their performance?

After almost a year at this job, the only thing I've figured out with certainty is that there is 0 chance I'll be doing this long term and I am actively looking to leave. With that being said, this has caused me to really stop caring about having a perfect work product. Dont get me wrong, im not being completely useless, but id say ive gone from giving 100% to giving 70% and it has made my life so much easier and less stressful. I've realized that with the turnover in my group, no one is getting fired. and even if i get fired, great. im leaving anyways. Anyone else have a similar thought process? If i get bottom bucket, I really do not care, i dont need the money 

Comments (58)

Most Helpful
1y 
PeRmAnEnTiNtErN, what's your opinion? Comment below:

This is just a hot take, but you should be sitting somewhere in the Middle bucket if you can output good work product and keep your head down (aka don't be a kiss ass and actively seek out work)  and I believe that this is the magic spot where you maximize compensation for effort.  

1y 
PeRmAnEnTiNtErN, what's your opinion? Comment below:

Maybe take a spin through this post. It might have some good tips for you. It divided out Top vs Middle bucket Analyst.  And let me say that the extra Top bucket bonuses seem good but are drops in the bucket if you cam extend your career by a few years by not getting burnout.  

  https://www.wallstreetoasis.com/forums/performance-of-top-tier-vs-bottom-tier-analysts-qa-in-comments

1y 
phillyboy, what's your opinion? Comment below:

Same. Also with how much we are understaffed, feel pretty secure with job. (Fingers crossed)

Array
  • Analyst 1 in IB-M&A
1y 

100% feel this and agree with this. Screw this job

  • Analyst 1 in IB - Cov
1y 

Any tips for learning how to let go and not care so much? I think a large part of how I ended up at this job was because I cared so much about doing well. 

1y 
Kevin25, what's your opinion? Comment below:

once you start facing consequences of caring too much, like health problems, you'll learn to care less.

  • 5
1y 
HowlerMonkey, what's your opinion? Comment below:

Here's one, which I'd only recommend if you want to end up in the middle (i.e. you don't want to get fired but you also don't want top bucket / associate promotion): Do as much of your financial analysis as possible with a "quick and dirty" methodology. It pains me to think of all the option tranches I broke out to calculate the exact share count / market cap, revenue weighted DSOs and similarly irrelevant cash flow calculations, hours spent getting a balance sheet to balance that was off by 0.0001%, and countless other minutiae that no one cared about and literally not a soul on the planet earth could have identified as erroneous without digging into the backup. 

  • 1
1y 
PWanalyst, what's your opinion? Comment below:

100% in the same boat here.

  • Analyst 1 in IB-M&A
1y 

This is what all analysts should figure out. I put out a decent work product, but I don't stress over mistakes or timelines or anything like that. Meanwhile I have friends in this job who are ripping their hair out and constantly freaking out. It sounds pretty dumb when said out loud, but my advice to them is just to care less. This does not necessarily equate to a bad work product, just try your best who cares beyond that. 

  • Prospect in IB-M&A
1y 

I know this is about people working in IB, but I feel this as a college student as well. I used to genuinely enjoy learning for the sake of learning. At this point I don't give a shit about any of my classes. Lockdowns and Zoom University have made this an utterly demoralizing year. I can't imagine what you guys must be facing.

Edit: Sorry if I offended you guys. Just thought college students on this forum could relate to this.

  • Prospect in IB-M&A
1y 

Alright man, sorry. I just thought some college students on here could have related. I even added, " I can't imagine what you guys must be facing," so I'm not trying to undermine all of your suffering. Sorry for hijacking the thread I guess, should've made a new one strictly about college.

1y 
Laowai666, what's your opinion? Comment below:

No offense but if you can't put up with the mind numbingly boring zoom classes with 0 real stress you're probably fucked for IB.

  • Prospect in IB-M&A
1y 

I'm not stressed. I'm just unmotivated to do anything because of how mind numbingly boring everything is. That being said, I've lost interest in IB. I'm going for tech now.

Controversial
  • VP in IB - Cov
1y 

It's ok to be don't care much middle bucket, but tbh over the years the analyst we had who acted little too smart and took the easy path eventually fizzled out in next job(s). If you want to go be in some slower / lower paying job, it's fine. But if you think you can take your kind of don't care attitude and be successful at a competitive PE/HF or even corporate scene where competition might be fierce, you won't do too well. It's true pre or post COVID. No one wants a 70% effort guy and if you can't push now, you won't later. 

  • Analyst 1 in IB-M&A
1y 

There's a difference between burning yourself out a coverage account because your MD/partners are trying to stuff a thousand decks a year down a client's throat and knowing when it's time to grind for something that really matters. I would argue that knowing how to differentiate between those two is what actually makes a good analyst, because the less time you spend on doing bullshit things, the more time you can actually allocate to the things that matter. 

That said, there is some value in doing those bullshit things your first year on the job for reps, so you know what is worth half-assing and what needs more focus. 

  • VP in IB - Cov
1y 

Hard to believe - but as a first year you don't really know what matters or not. Coverage is painful and sometimes excessive but there are lot of side calls / texts or contexts you aren't aware of. There are 20 other banks competing for same business - from $20mm EBITDA to huge ones. If you are just going to chill at golf club for 5 years until client needs to do one deal, you surely won't be remembered when that day finally comes. Tbh the actual deal execution is pretty simple. VP and below and do 99%. It's winning the mandate with years of work and reputation for good work that's hard. But as a first year you have no idea and think all that matters is doing your little comps and dcf for a fairness, run VDR and push out a deal announcement. 

  • Analyst 1 in IB - Gen
1y 

OP here - I have a side business I started in college that nets me 120k a year with almost no work (less than 10hrs a week to maintain). uncreative, risk averse people like you seem to think the only way to make money is to be miserable grinding away for someone else. 

  • 3
  • Analyst 2 in IB - Gen
1y 

It's ok to be don't care much middle bucket, but tbh over the years the analyst we had who acted little too smart and took the easy path eventually fizzled out in next job(s). If you want to go be in some slower / lower paying job, it's fine. But if you think you can take your kind of don't care attitude and be successful at a competitive PE/HF or even corporate scene where competition might be fierce, you won't do too well. It's true pre or post COVID. No one wants a 70% effort guy and if you can't push now, you won't later. 

This is an extremely retarded boomerism and reading it made me want to reach through the screen and throttle you

  • Analyst 1 in HF - Macro
1y 

There's also a difference between spending 80-100 hrs per week doing some bullshit in IB where intellectual creativity is (generally speaking) not rewarded at the analyst level (i.e. your super creative/insightful analysis means very little/nothing for the deal) and doing it at a HF where that added creativity or unique insight can be the difference between losing and making millions of dollars.

PE is probably more similar to IB in this sense, as a 1st year associate is unlikely to add any significant amounts of value to a deal.

I work 80-100 hours per week not because I have to (I could get away with much less), but because I actually love what I do and there's a direct relationship between effort/creativity put in and output.

If you're in IB, that may not be the case and it can be less motivating. I know I'm personally far less motivated to do bullshit tasks vs. researching an investment thesis (not just in terms of hours, but also genuine effort/creativity).

  • Analyst 1 in IB-M&A
1y 
[Comment removed by mod team]
  • Analyst 3+ in IB - Cov
1y 

I was killing myself this past year and got lowest bonus in my analyst class. It is not worth it. Now I'm taking my time interviewing and doing work at my own pace. Half of my team has left already. Sometimes I want them to fire me so it all ends. Just do the minimum and if you don't like where you at go somewhere else. Just know that noones cares about you at any point. We are so replaceable.

  • Intern in IB-M&A
1y 

Is this a troll? Lol

  • Analyst 2 in IB-M&A
1y 

What group is this? The current bank may re-allocate a few of you, but the rest may likely get downsized. 

Start looking elsewhere / reach out to the MDs that left and see if anyone will take you with them.

1y 
PainterDry, what's your opinion? Comment below:

Vitae quisquam esse qui itaque dolore sit non. Saepe occaecati maxime totam eligendi explicabo voluptate. Eos corrupti iusto pariatur labore dolores eum et. Vitae aut sed totam sint. Placeat necessitatibus beatae ut quaerat.

  • Analyst 1 in IB - Cov
1y 

Autem placeat qui et autem voluptas. Id autem ea quia. Quia voluptate officiis doloremque dolore. Autem voluptatem quas minima laboriosam dicta. Occaecati qui ipsum doloremque aut optio provident beatae.

Non at reprehenderit deserunt itaque sapiente culpa dolorem. Rerum autem veniam ratione cum autem dolor fuga et.

Voluptas quaerat velit voluptate quidem quisquam vel nulla. Neque sit et quibusdam ex iste. Ad deleniti rerum est consequuntur aut. Facilis autem illum quaerat excepturi.

Harum veniam ut dignissimos est distinctio doloribus nihil. Consectetur aliquam at minus recusandae nemo corrupti expedita. Quia architecto culpa et earum cum sunt cupiditate. Ut eligendi commodi quibusdam occaecati quam. Deleniti iste tenetur molestias eligendi necessitatibus sint. Atque veniam facere vero mollitia. Tenetur et magni odit porro.

Start Discussion

Career Advancement Opportunities

January 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Jefferies & Company (▽01) 99.1%
  • Lincoln International (▽01) 98.6%
  • Financial Technology Partners (▽01) 98.1%
  • William Blair (▲08) 97.7%

Overall Employee Satisfaction

January 2023 Investment Banking

  • Canaccord Genuity (▲04) 99.5%
  • William Blair (▲04) 99.0%
  • Lincoln International (▲09) 98.6%
  • Jefferies & Company (▲06) 98.1%
  • Financial Technology Partners (▲09) 97.6%

Professional Growth Opportunities

January 2023 Investment Banking

  • Lazard Freres (▲15) 99.5%
  • Financial Technology Partners (▲09) 99.1%
  • Lincoln International (= =) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲01) 97.7%

Total Avg Compensation

January 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (23) $401
  • Associates (134) $264
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (80) $172
  • 1st Year Analyst (257) $171
  • Intern/Summer Associate (41) $167
  • Intern/Summer Analyst (185) $91