I'm having an Analyst Crisis Moment

Let me explain.

I'm a second year Analyst as part of a three-year programme, and after this extended Holiday break period, I'm feeling a bit of dread about going back to work tomorrow. I'm a bit scared, worried.

I want to be successful and build a long and successful career. I was in a team which was a bad fit for me and them, - I got bad reviews in my first year and then I moved to a great team, doing a coverage that I enjoy and have gotten really solid reviews. I'm scared that my efforts here will be clouded by what my previous team put down and on a relative basis, I'll be ranked lower compared to my peers come summer again, despite me performing well.

I also am scared of what's "next". The desk is not permanent and I'll only know where I'll end up in a few months (rotational scheme). I'm scared of ending up on a desk that I will not enjoy, with people I won't like working with, and having my career almost be handicapped by a coverage that I don't really want to do.

Where I am now I can see myself doing long term. But it's not up to them, really, if there is no headcount. It's also still early days - I like the work enough but people-wise, whilst I think I get along with them now and I think they like me, how can I be sure after only 6 or 7 months? I don't know.

And beyond all of this, I feel a bit like I don't know what other than finance I could be doing. I feel like if I do end up on a desk that I don't like, what then? I don't know anything apart from finance, what else would I realistically have to apply to? 

I also feel like a bit of a pansy having this sort of "mid-analyst crisis" moment so early in my career. Like yeah ok it's been almost 2 years now but that's nothing in the grand scale of things. I don't know.

Does anyone else feel like this? Have any advice?

5 Comments
 

Based on the most helpful WSO content, your feelings are not uncommon, and many analysts experience similar "crisis moments" during their early careers. Here's some advice to help you navigate this phase:

1. Your Past Doesn't Define Your Future

  • It's great that you've moved to a team where you're thriving and receiving solid reviews. While your first-year experience might linger in your mind, remember that your current performance is what truly matters. Reviews are often weighted more heavily on recent performance, so keep delivering quality work and building strong relationships with your current team.
  • Focus on finding 2-3 senior people who can vouch for you during reviews. As highlighted in WSO threads, reviews are often 70% politics and 30% work quality. Having advocates in your corner can make a significant difference.

2. Uncertainty About Rotations

  • The fear of ending up on a desk you don't enjoy is valid, but it's also something you can't fully control. What you can control is your adaptability and attitude. If you do end up in a less-than-ideal situation, use it as a learning opportunity and a stepping stone. Many analysts have pivoted successfully from roles they initially disliked.
  • If you like your current desk, make it known to your manager or team lead. Express your interest in staying long-term if headcount allows. Even if it doesn’t work out, showing enthusiasm and commitment can leave a lasting impression.

3. Broader Career Concerns

  • It's normal to feel like finance is all you know, but the skills you're developing—analytical thinking, problem-solving, and execution—are highly transferable. If you ever decide to pivot, industries like tech, consulting, corporate strategy, or even entrepreneurship value these skills.
  • WSO threads often emphasize the importance of networking. Start building relationships outside your immediate circle to explore other opportunities and gain insights into different career paths.

4. Dealing with Anxiety and Self-Doubt

  • Many analysts struggle with confidence, as seen in WSO discussions. The key is to focus on progress, not perfection. Mistakes are part of the learning process, and even seasoned professionals make them.
  • Take care of your mental and physical health. Exercise, stretch, and take breaks to avoid burnout. Remember, this job is temporary, and most analysts move on after 2-3 years.

5. Long-Term Perspective

  • Your "mid-analyst crisis" is a sign that you're reflecting on your career, which is a good thing. Use this time to think about your long-term goals and what truly matters to you. Whether it's staying in finance, transitioning to another industry, or pursuing something entirely different, the skills and experiences you're gaining now will serve you well.

6. Practical Steps

  • Leverage Resources: Use old materials, ask questions, and learn from experienced colleagues to work more efficiently.
  • Build Relationships: Continue fostering connections with your current team and beyond. Strong relationships can open doors and provide support during uncertain times.
  • Stay Present: Avoid overthinking the future. Focus on excelling in your current role and let the next steps unfold naturally.

Remember, you're not alone in feeling this way. Many analysts have faced similar challenges and gone on to build successful careers. Keep pushing forward, and don't hesitate to seek advice or mentorship when needed. You're doing better than you think!

Sources: What is that Analyst skill set everyone is talking about exactly?, Vent Some Wisdom to Incoming Analysts/Interns, What if you're fired as an Analyst?, HF Analyst: The Things I Know For Sure, Cannot do another year in IB....my life has already completely faded away and I am in a quite dark place.

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

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