Anyone here the worst analyst in their class by far?

Hey guys, this has caused me immense stress and anxiety recently, and would appreciate any insights if anyone was in the same boat or words of wisdom.

I am one year into IB and it is so abundantly clear I am the worst analyst in my class by far and it is not even close.... I've come to realize these other kids are just picking things up so much faster than I am, they are sharper, quicker, and need no baby holding at all (Countless times associates s have had to hop into the deck or model to "save me"). 

It is weird because from the sound of this, 90% of people (including me lol) would think I am 100% going to be shown the door. However, I received amazing reviews from the MD's as I have been doing well playing the game politically and they have been loving me. However, my VP's and associates  all definitely think im retarded. 

I think a lot of comments will suggest I just need to "level up" and put in more hours after the workday, or weekends, etc. Thing is I can't really be bothered at all. I don't want to do practice models on my one day off a week. I don't want to do additional prep at 2 am. I think just at the end of the day, I am a slow learner and not highly analytical (so finance is just not for me, simply), so I should just collect as many checks + bonuses I can here, not give a fuck, and just pivot to corporate? Any thoughts. Weird post.

7 Comments
 

None of the models in banking are really that complicated. You just take consensus numbers or company provided numbers and flow them into some analysis (that should have a precedent available).

This is pretty easily fixable. If you don’t like the content and plan on leaving, then it is what it is. However, you should spend some time figuring it out. A lot of it can be learned over one weekend, understanding how stuff links together, and then thinking about what you are doing while you are doing it.

Don’t think you are a lost cause, you just prob don’t care enough. That’s OK too.

 

I think keep doing what you're doing. you will pick up the modeling/deck stuff with time as long as you are somewhat trying / not completely checked out because it's frankly not rocket science. 

Really the only emphasis to sweat and build those skills within the first year of hitting the desk is to recruit for the hyper accelerated buyside timelines and/or an immense sense of herd mentality. I think to not be feeling strongly obliged by either of those two things in a profession that is increasingly selected by high-performing but extremely insecure and risk adverse graduates is actually pretty mature / unique, and probably speaks to why you are able to navigate the political aspects of the job better. Sounds like you're doing the hard part already, so just make sure you're working on the easy part by proactively reviewing your mistakes and checking with associates/vps on candid advice. It's really hard to not root for someone that is naturally likeable and humbly comes to you and asks your for help. 

So yes while you might not be ready to jump to a hedge fund in 6 months it sounds like you have plenty of runway based on senior input to "level up" at your bank. 

Here is a tangent no one asked for - one of the biggest thing seniors notice about analysts is that they tend to be relatively short-sighted in how they view what skills they're there to pick up on. Modeling, what a process is, broad strokes deal intuition, then either check out or get out. But by-in-large those are things most people are going to soak up early in their career, whether it takes you 1 year or 5. If you are in this for the long-hall your technical skill set is going to be 95% the same at 28 and 50. What's less easy to get good at, but is crucially practiceable with very low risk in banking is these soft skills like how do you talk to someone you've never met and convince them they need something from you, how do you come off as trustworthy, how do you ask for a favor, how do you notice/figure out when something is 'off', what kind of questions do you ask in a situation you know nothing about, how do people far more experienced/senior than you handle failure and feedback... etc. 

Imo what has been forgotten about the banking model is that it is a ZERO risk seat with which to observe industry leaders and investors while you are at the beginning of your career and just building intuition / thought process. 

I don't think any of that last part was relevant to your question but I just wanted to say just because you don't feel like the way you're viewing/thinking about banking doesn't align with the modern analyst model doesn't mean it's necessarily wrong 

 

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