Feeling as an incapable first year analyst might

Have been on the desk for a few months now, recently my self confidence has been completely destroyed.

I have a great attitude, willing to work hard, very responsive, but I make a lot of mistakes. For example, occasionally I miss turning comments when there are different sets of comments coming from few people.

Recently I was staffed on an account with a very time sensitive deadline, and for these few pages the back-up are very confusing and complicated, I tried to clean up, but ended up still making a mistake….

I’m scared that I’ll be the incapable bottom ranked analyst. Can I still improve my reputation within the team, or am I practically screwed?

 
Most Helpful

It's part of the learning curve so don't worry too much.  You will make mistakes and despite the pressure you might feel to be perfect, it is to be expected.  Your attitude and ability to not consistently make the same mistakes over and over is what's most important at this stage.

You'll notice over time that you will become accustomed to what to look out for.  Little things like formatting adjustments will become second nature and glaring, whereas now you're probably searching really hard for them.

Some things to consider, or try out, would be:

  • Print out your comments (whether it be in a deck, or an email), and, as you work through them, highlight what you have completed.  I would occasionally miss comments because I would jump around looking to address the easy ones first, then tackle the more difficult ones.  That's fine to do but you have to keep track.  Printing and highlighting is fool proof for that
  • Keep a running list of general mistakes you've made and briefly reference it before submitting a work product.  Things like making decimal places consistent, $ signs, formatting instructions you've received in the past, etc.  It's a little psychosomatic, but it will help avoid recurring mistakes. 

The headline is, as others have said, just stay the course.  Don't put so much pressure on yourself.  Don't let the fear of making mistakes paralyze your ability to get work done.  

 

This is great advice. When I first started, I would print out comments, go through each one with a highlighter to make sure I caught them, then when double checking would strike through them with a pen. Some may consider overkill, but if your primary issue is making mistakes, this habit is a near guarantee that you won’t make anymore of them.

also remember to take some deep breaths. From my experience, for most first years it takes 8 months to be considered “very reliable” by your associates / vps. It’s a high learning curve job and there’s no way you’ll be up to speed on everything in the first few months. As a second year, I’m still learning new things all the time.

 

Presumably you're still less than 6 months in so I wouldn't worry about it too much. The truth is, even if associates don't act like it, they were once an analyst just starting out making silly mistakes. Just try to remember the small things matter. It's a steep learning curve but if you chug along, put the time in now, the learning and progression can become exponential.

 

Officia eum accusamus ad qui reiciendis corporis. Dolore doloribus dicta magnam saepe. Est laboriosam dolorum nisi id reiciendis. Et nihil consequatur nesciunt suscipit occaecati. Incidunt non vel nisi aliquam voluptate sunt reiciendis. Eaque id expedita odio eos consequatur.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”