Is it me or are a lot of AN3s and senior analysts put at a crazy standard this year?
Had my review today and I worked really hard. Have real bad anxiety when comes to checking over comments and basically kind of get way too focused on making sure every little detail is right. This in turn has made me really look bad working at a new bank where I was hoping to get associate. Nonetheless, I worked really hard but I understand that doesn’t always get shown. Feedback said I take to long and should start looking elsewhere. Our team has changed so much and I’m always put on the most stuff with no support, no VP who really reviews well and will never take the blame or provide how they want thing done. Reviews earlier several months told me to start giving more work to AN1s too but they just always assume things will get done by me because I cared so much about my job. made it seem like I was on track too until just all of a sudden. I haven’t been asked to leave and will get paid out for the year but was told I should reconsider if I want to my career. I know im not slow since I can get the work fast, thjust never satisfied and trying to do to mu
Sorry app was glitching and text was cutting off at the end but basically still feel like the team didn’t give me chance or cared; said they would support me though. I also compare myself to the few associates we have and find myself always helping her. I think team just doesn’t think I’m good fit because I would get to work right at 9am EST rushing on the NY train after no sleep. Anyways how long till I get canes? Thinking about moving to SF
Don’t know the answers but I feel you. It’s a bad time to be an experienced analyst. All of the expectations without the big paydays and expected promotions from prior years. Would be one thing if I was chilling compared to 2021 but I’m still getting worked hard on live deals and pitches too.
One byproduct of the pandemic is associates became really expensive. All of a sudden an analyst 3 being promoted just became (filler numbers) 45k signing + 130k bonus + 175k base + another 70k stub bonus just 6 months later. In the current market I think this is making a lot of groups drag their feet on A2A promotions unless they really can’t avoid it. They might even just not have a slot for you. They’re throwing you a bone by giving you a heads up. Now you got 4-6 months to line something up, and you’re very marketable.
is A2A promotions much harder given the market today and do you see this persisting at the MM/BB levels? is it better to lateral banks as an associate or experienced analyst? seems like getting promoted is a dice roll these days
Not sure the answer to your questions. I wasn’t trying to suggest a broad trend. I was just saying in this particular part of the economic cycle (slow economy, recent layoffs, quick and significant comp increases in recent years) firms are more picky with promotions. I’m speaking from a well known MM.
definitely makes sense, just need to stick it out until economy starts booming hopefully in the next yr or two for smoother promotions
IMO would start to consider lateralling. Use this as an opportunity to self-develop and grow.
Did you lateral as a 2nd/3rd year analyst to this place?
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