First Year Analyst Not Doing Anything
First year analyst at a top group at a top bank. I’ve been at the desk for ~2 months now, and not doing anything. I don’t mean like working on BS for ~10 hrs a day, I mean truly no work to do. I come in at 9:30 and have maybe 10 mins of work a day. Could literally not show up and no one would notice beyond me not being at my desk. Try and stick it out until VPs and Associates leave at 7pm, but literally sitting there. Same with the other first years so it’s not just me. I signed a MF PE offer during oncycle, but starting to get real worried about the lack of experience and such. Has this been something that anyone else has experienced?
Based on previous WSO threads, here are some insights and advice for a first-year analyst experiencing a lack of work:
Insights:
Advice:
Additional Tips:
If the situation persists, consider discussing your concerns with a mentor or senior colleague who can provide guidance and possibly advocate for you to get more involved in projects.
Sources: Anyone else fed up with the banking/finance industy?, Anyone else fed up with the banking/finance industy?, 1st Year Analysts Quitting?, Q&A: 1st Year Private Equity Analyst at a MF (KKR, BX, TPG, SLP, WP), https://www.wallstreetoasis.com/forum/investment-banking/wso-2021-investment-banking-work-conditions-survey-part-12?customgpt=1
I'm pretty sure we're at the same bank if you're truly at a top bank, its normal right now. Enjoy while it lasts. You'll be fine for pe.
Sucks man. Try to take advantage of the down time to learn models you can find in the drive. Read CIMs and board decks too, and learn how to recreate the slides in PPT. Nothing like being on a live transaction though.
I think it should pick up soon. A handful of later stage companies I’ve caught up with this quarter have been soft targeting 2025 to file S-1s, some Q1. Could see some more activity depending on who actually files. A couple portcos shelf filed in 2020-2021 and are thinking about making the leap too. Not to mention rates are headed down after today’s cut. You’ll very likely get some deal experience before you head to PE.
do you think the m&a environment and hiring at the senior analyst (3rd year) lvl will pick up considering the direction of interest rates, considering alot of analysts exit 2 years? curious what your convos with companies and what their sentiment is on to move in terms of financing/acquisition/general deals
I would pick an industry and write some reports on it. Maybe do an analysis of recent m&a deals . not for sharing with anyone but just for your own benefit
Nerd
Dude. Enjoy. Do your hobbies and be an interesting person. Self study on the side. But seriously what a non-problem
Can we trade spots. I'm working 100 hours a week.
Sounds like UBS Tech
Wouldn't really call them a "top group at a top bank" I'm thinking more JPM, GS, MS, or one of the EBs
You should go around everyone senior (I mean everyone....) and ask if you can dot any i's or cross any x's. See how that works out for you when suddenly you're working 3 live deals.
Jokes aside, they haven't forgotten about you. Give it time. You'll be miserable soon
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