Feeling useless

Absolute truths don't exist... celebrated opinions do.

HelloImFromEM

Senior Monkey

My concern is not the job itself, I pretty much enjoy everythng, except my perception of adding value, since on my previous jobs I always had a formal/informal mentors who were 1-2 grades more senior than I am, whom I could talk to very deep and understand what should I do to develop, what are my weak points, etc. (which is not the case now)

And to be honest, there are not much well-paid alternatives on the street, ie Big-3 and probably IBD teams in BB. However I am not looking for tons of grunt work and more hours for equal or less pay.

kayz08

King Kong

You've been on the job for 2 months, just try to learn what you can and earn their trust (so they can let you make big boy moves).

Also, I don't know why you would pick such a career if you wanted to add value (unless you mean value specifically for your company only).

Absolute truths don't exist... celebrated opinions do.

HelloImFromEM

Senior Monkey

Thanks for your input!

Just to clarify, yes by adding value I specifically meant my team/company.

Pivot Points Forex

BirdoInBoston

King Kong

You're supporting the MDs in an emerging market.

Be a sponge. Learn everything you can. Help your clients (and your country) emerge. Soon your firm will be adding staff and you'll have gotten in on the ground floor. Profit.

Director of Finance and Corporate Development: 2020 - Present Manager of FP&A and Corporate Development: 2019 - 2020 Corporate Finance, Strategy and Development: 2011 - 2019 "An investment in knowledge pays the best interest." - Benjamin Franklin

George_Banker

Almost Human

It sounds like you are doing everything right. Your MDs will let you know if you are doing a bad job. Keep it up.

HelloImFromEM

Senior Monkey

Most Helpful

WSO has been very helpful, now i want to contribute back. In short -- 2.5 years after writing this post, i've been promoted to associate and decided to leave. now i'm doing corporate finance at fast-growing fintech.

key takeaways

proactively show leadership and take on responsibility early on -- start with managing workstreams, start with something insignificant and then increase the difficulty/importance of workstream. Do not expect that MDs will ever come to you and tell you "boy, congrats, it is time, we are proud of you, as you are now knowledgeable enough to start Y tasks", it does not work that way.
They expect you to add value, it could be

saving their time -- useless low-value add tasks (setting up calls, meetings), they do not want to waste time on. You need to own it and minimize time and error-rate on such tasks, as this is something assistant/secretary can do
real value-add -- manage deal workstream, push internal processes, negotiate with client. This is something they usually do themselves, as there are no VPs, so be proactive and take leadership on them, be bold, but do not take too much that you cannot handle

MDs do not really care of your professional development, but only you should!

i believe that within large groups, where you have all chains of classic team structure (MD, VP, associates, analysts), analysts never have nothing to do, on the contrary they are overwhelmed with tasks and they should not have such struggle

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Intern in IB - Cov

Anonymous

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