Junior bankers - have you experienced....
For you junior bankers (analysts/analysts promo-ed to associates), just wondering whether you guys have experienced getting shut out of the process of something that you had been working on, and whether it’s the norm and things like this happen on a daily basis. I can give you two examples to see whether you’ve encountered similar situations:
- As an analyst, you’re on the deal team, though when it’s time for comments, the ppl more senior than you, director, vp and assoc sit together for comments behind closed doors and you’re left out in the process...
- As an analyst, you send something out copying everyone in the group, though somehow the email chain gets cut off when someone else fires off a documents, and you as the original sender of the documents, is no longer on the email list, leaving everyone on the deal team except you. And you pretty much get shut out and sitting on the sidelines for no whatever reason
There are other situations that evolve around the around similar circumstances – haven’t been here for too long but it gets pretty frustrating on some things you’ve worked on and/or contributed to in some part or the other (even in a small way), you don’t know what the **** happens to it until like days/weeks after when you think it’s a suitable time to ask because they didn’t keep you in the loop in the first place.
Seeing if anyone else here has the same sentiment as I do in their groups, and whether you know of other ppl that exhibit similar circumstances…
Serious replies only - thanks
hmm -- you piss someone off? can't imagine any reason why a senior banker would want that to happen unless you had pissed them off. maybe it makes sense for a few senior bankers to sit down and talk about the book without you -- probably talking more about the "story" than the technicals, but even that is a bit out of the ordinary in my opinion.
Could just be a not so great culture; treating analyst like monkeys, simple number crunchers, all that bullshit.
hm never heard of this before..
No - didn't piss anyone off. So what is the typical culture like for a BB? are the analysts always in the loop and know everything about a deal that they're working on?
in my experience, if anyone is 100% in the loop, it is the analyst. they may not be at every meeting, but they know there was a meeting and what was the conclusion. they may not be on every call (but most of the time they are). often times, the analyst is the person who is running the "scheduling" for a given deal -- checking MDs calendars, etc to see when a call can be scheduled. when teams are put together across groups, the analysts are the ones that really work together (and associates) to integrate the work. all in all, just a very poor decision to leave someone as integral to the process out of the loop. in reality, it would make more sense to leave the MD off of the emails until the final (or near-final) work product was complete. Of course, you would never do that, but my point is that the MD is typically less pivotal to the actual processing of a deal than an analyst is.
Happens all the time, senior people are douchebags.
Yes, it happens. Funny enough it only happens on deal teams I hate working with anyway so works out well.
That's why you don't go to a BB...
When I was a lowly intern at a MM this never happened, I was there for all the meetings and conference calls, it seems strange, but it could just be culture.
depends on the senior guy alot, some just run their own show and only drop you emails when they need smthg specific done and u have no idea whats going on in the big picture
happens now and then... I think everyone is over thinking things though. Sometimes they just forget to put you on, we have one MD that can never remember who the analysts are on his deals, emails me all the time for stuff and I have to forward to the analyts actually working on the stuff. Its not a big deal, could be a number of reasons, maybe let your associate know and ask to be included so you can make sure you stay on top of things.
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