Feeling more political toxicity in my new firm

Based on previous WSO threads, it seems that political toxicity and ineffective senior hires are not uncommon in the investment banking industry. Here are some insights:

1. Firm-Specific Issues:

   • Toxic culture and ineffective senior hires can be firm-specific. Some firms may have a more supportive and productive environment, while others may struggle with internal politics and unproductive hires.

2. Team Dynamics:

   • The dynamics within teams can vary significantly. Some teams may have a collaborative and supportive atmosphere, while others may be plagued by internal politics and lack of productivity.

3. Entrepreneurial Approach:

   • Some professionals have managed to rise above such toxic environments by being entrepreneurial in their roles. This involves taking initiative, finding ways to add value, and navigating the politics strategically.

4. Industry-Wide Phenomenon:

   • The issue of senior hires not generating revenue and focusing more on internal politics rather than deal origination is not unique to your firm. It can be observed across various firms in the industry.

5. Career Development:

   • If the current environment is not conducive to your career growth and well-being, it might be worth considering a lateral move to another firm. Many professionals have successfully transitioned to other banks or even different sectors within finance.

6. Visibility and Responsibility:

   • Working at a smaller firm or a different team within the same firm might offer more visibility and responsibility, potentially leading to a more fulfilling career experience.

7. Cultural Fit:

   • Finding a firm with a culture that aligns with your values and career goals is crucial. Toxic environments can hinder your professional growth and overall job satisfaction.

In summary, while political toxicity and ineffective senior hires are not uncommon in the industry, they are often firm-specific. It might be beneficial to explore other opportunities where the culture and team dynamics are more aligned with your career aspirations.

Sources: The IB forum has been equal parts helpful and toxic., What was the most toxic investment banking environment that you have experienced?, Does IB/PE Kill Your Creativity and Intellectual Curiosity?, The IB forum has been equal parts helpful and toxic., What replaces Private Equity? What's the next popular exit opportunity?