How is everybody on WSO top bucket
It seems like every post related to performance on WSO is about being a top bucket analyst. At my shop, about 70% of analysts are placed in the dead middle bucket, some exceptional performers get rated one step above that, and VERY few (maybe 5%) get the top rating. There is no way to be ranked top without the influence of politics or luck.
How is everybody on WSO an expert on being top bucket? Would being rated middle or upper-middle limit chances to get good lateral banking/exit opportunities? Looking to leave after bonuses hit and am concerned about optics if I get an average rating, despite multiple M&A / financing deals under my belt.
It’s probably selection bias - the people who are most likely to post/talk about their ranking are top bucket (i.e. not a lot of people bragging about being a bottom bucket analyst).
I don’t think it directly affects your opportunities in the sense of what ranking you get, but it is suggestive of your work quality/ability. As in the people who are top performers are probably going to have the best exit opportunities and are more likely to be mid/top bucket.
Good point - we all need this reminder. If you’re a top performer with good technical skills and good reps, you’ll have exits opps even if you somehow land a middle bucket rating.
If you’re a mediocre performer with no deal experience and no modeling abilities, you’re not gonna be swimming in PE offers, even if you sneak a top rating.
Reminds me of the net worth thread lol
There’s a lot of cappers on WSO also. I’m sure people lie all the time here but the comment written above also makes sense
The fact that most people here claim they're working for EB/BB when we know for a fact 90% of the population here is prospect
Lying
Monkey discovers a normal distribution
Top bucket analyst and PE associate to middling VP+, happens every time.
Don't think there is any correlation to being a good monkey to being a rainmaker.
Thank you prospect
From what I have seen, this site greatly overestimates the ability to be rainmaker without good banking fundamentals. If you want my honest opinion being a great analyst gets you more opportunities, faster promotions, and a great reputation - which leads to more reps and becoming a better banker. Better bankers become better MDs. Now are they probably stories of kids who struggled as an analyst and still are able to fail forward, Absolutely, but do not confuse those people with the best and brightest.
Groups also lie.
they want to keep as many people motivated as possible so they tell analysts they were top bucket when they really weren’t.
Not once have I ever seen this.
No one who gets middle or bottom will ever brag or post about it unless their angle is "I barely did any work and *still* got middle bucket"
I'm bottom bucket, maybe this is why I have been an intern for the last 5 years...
I mean....think about all the grinder / hardo senior associates you've worked with before. Yeah, their books will be done 5 days before the MD said he / she would look at it and the formatting will be flawless......buuuuut that doesn't really make these folks any more likeable to clients.
Hard to build client relationships when a VP is adding 20 - 30 rouge pages of math to a market update book (that will eventually get stuck in the appendix or immediately killed when the MD gets around to marking it up)
Also just like how every WSO poster is 6'4 with a 4-plate squat and works a 110 hour average week while squeezing in quickies with instagram models on the weekends.
max bench?
When someone says top bucket I assume that just means top bucket bonus - which at my bank is ~30%. Getting the top rating is basically impossible but most of the “upper middle” rating group gets a top bucket bonus
I agree with the initial reply of selection bias because no one brags about being the bottom. But I'll also offer up two more things:
I think a significant portion of WSO also assumes they are top bucket, when they actually aren't, but haven't explicitly been told so. Everyone wants to think they work hard and do meaningful and quality work, but at the end of the day, only a small fraction of analysts are actually top bucket.
I could see the numbers on WSO being more than a random sample (e.g. 30% of WSO is top bucket, compared to 15% of analysts IRL), but I would imagine the reality is way less than 70%.
If you want my honest opinion being a great analyst gets you more opportunities, faster promotions, and a great reputation - which leads to more reps and becoming a better banker.
If you're a top performer with good technical skills and good reps, you'll have exits opps even if you somehow land a middle bucket rating.
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