I think i will get a subpar first year review

First year analyst at a BB.

My first year didn't go great. A lot of attention to detail errors early on but has significantly improved. My two most recent deals that I've been staffed on have gone really well. The people I worked with on these two also had high praise for my work output, diligence etc. Even got a comment that I have started to perform above the expectation of a first year on a particular transaction.

But earlier deals, there was one VP who I am convinced just does not like me because would just nitpick and be unconstructive. He would give wildly unclear instructions, refuse to elaborate, refuse to jump on calls, and get mad and gaslight saying that what I had done was obviously not what he had in mind. He also misrepresented my work output saying that it was all obviously wrong and that I did not use his template which was correct (I did use the template, the work I produced was objectively correct - he just did not review properly and shut me down saying I was "arguing" when I pointed out that I had done as he said and that the work was exactly as intended). I caught up with him to get feedback and he said it was like I did not care about the work, which is just not true and is not the feedback I have gotten from others in the team.

I think that as a first year, most people get an average review irrespective of performance, but I will need to see. I am unsure of how to approach things if my manager brings up a lot of stuff that this VP has said because frankly, as I said, a lot of it is just misrepresentation. I gave a lot of benefit of the doubt but I genuinely think he is taking out some sort of dislike of me through very poor reviews.

However, I am moving to a different team next month which is completely different to what I am doing now. This person, I won't ever need to work with again. So, my question is, how much does a not stellar first year review affect me going into my second year if I am going into a new team? I could imagine if I stayed in this team there would be issues where he would keep raising "attitude" problems or whatever and eventually have me out of the bank. But the team I am going to, I click with the people a lot more, and is a fresh start for me.

Appreciate your tips and advice. 

2 Comments
 

Based on the most helpful WSO content, here's what you need to know:

  1. Impact of a Subpar First-Year Review:
    A subpar first-year review can have some lingering effects, but it’s not necessarily a career-ender, especially if you're moving to a new team. In your current team, a bad review might lead to increased scrutiny and nitpicking, as some users on WSO have noted. However, since you're transitioning to a new team, this provides a clean slate and an opportunity to rebuild your reputation.

  2. Fresh Start in a New Team:
    Moving to a new team is a significant advantage. As highlighted in WSO threads, a fresh start can do wonders for your confidence and workplace perception. The new team likely won’t be as influenced by the opinions of your previous VP, especially if you demonstrate strong performance and build positive relationships from the outset.

  3. Addressing the Review:
    If your manager brings up the VP’s feedback during your review, focus on:

    • Acknowledging your early mistakes and emphasizing the improvements you’ve made.
    • Highlighting the positive feedback from recent deals and how you’ve exceeded expectations.
    • Avoiding direct confrontation or accusations against the VP. Instead, frame it as a learning experience and express your commitment to continuous improvement.
  4. Building Relationships in the New Team:

    • Make a strong first impression by delivering high-quality work and being proactive in seeking feedback.
    • Build relationships with senior bankers in your new team. As noted in WSO threads, having a senior advocate can significantly influence your year-end review and overall perception.
    • Leverage the fresh start to establish yourself as a reliable and diligent team member.
  5. Long-Term Perspective:
    While first-year reviews are important, they don’t define your entire career. Consistency and stability are key, as mentioned in WSO discussions. Focus on maintaining strong performance in your new team, and over time, any negative impressions from your first year will fade.

In summary, your move to a new team is a golden opportunity to reset and thrive. Use this fresh start to demonstrate your growth, build strong relationships, and deliver excellent work. Keep your head up—many professionals have bounced back from similar situations and gone on to have successful careers.

Sources: Annual Review was bad how do I bounce back?, Performance of Top Tier vs. Bottom Tier Analysts (Q&A in Comments), 1st Year Analyst - Vent - take this personally or not?, 1st Year Analysts Quitting?, Confessions of a former second year IB Analyst

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Funniest

Et laudantium officia soluta illum aut mollitia. Repellat sit consequatur quibusdam et amet. Fuga esse voluptatibus quisquam sint optio. Expedita molestias et ut delectus quia.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
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...”