Lateral analyst in trouble
Hey all, I recently lateraled to another bank focusing in a different product group after finishing a year at my old bank. I’m quickly realizing that I’m in over my head, my previous role moved at a much slower pace and was no where close to as technical. It’s been 3.5 months and things aren’t getting better.
Thinking about starting to recruit for a role in the same product group I was in before but at a different bank. I know it’s early but I think I need to get out fast. Has anyone been in this situation before? Looking for any advice.
I'd think another lateral move should be a last resort. You'll have some tough questions to answer about why you want to move again so quickly, and even if you succeed your resume will show three different analyst positions in under two years. It'll scream out that you don't stick around and/or couldn't hack it.
Feeling overwhelmed after 3.5 months doesn't mean you're forever doomed to fail in this role. How bad is it really? Are you way behind your peers? Getting negative feedback from managers? Or is your team ok if you struggle early as long as you show improvement? Finance isn't rocket science. You can learn technicals on the job if you grind at it. Your life might suck for a bit while your job kicks your butt, but taking your medicine now could save you a lot of pain down the road.