learning curve as an analyst??

Maybe some people can share their experiences as analysts. I understand that you go through about a month of training prior to starting at your group. But my question is how long does the learning curve last?? When does work stop becoming a challenge as far as the technicality of doing things such as models/comps/spreads...whatever. (obviously the long hours and work load is always a challenge.)

19 Comments
 

As an M&A analyst, things didn't start to get old until I was on my 3rd transaction (about 9 months - 1 year in). After that, you've really got the process down and the learning curve starts to flatten out.

Once you get into PE, it gets nice and steep again.

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The learning curve is 1) very sharp and 2) very short... While this is very group specific (and as a generalist the length of the learning curve is slightly longer) by the end of your summer you are already running with your own books and projects. I would assume the curve lasts ofr maybe another 3-6 months after that, for a total of 9 months

 

6-12 Months is about right in my experience.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 
Best Response

a foreword, the period at which we associate for hitting our stride, is also when complacecy usually sets in. always remember to be humble and keep improving

i'm not smart enough to do everything, but dumb enough to try anything
 

I do feel it can take a bit longer if you relocate to a new city.

"Everybody needs money. That's why they call it money." - Mickey Bergman - Heist (2001)
 
kalgaHahahah, contribute to discussions? You're lucky if they even bring you to the presentation to carry the pitch books. Just sit down, shut up and listen.
whenever i see analysts at meetings they're usually concentrating on three things: not walking towards the bright light / falling asleep; that weird shinning object people call the Sun through the window; or producing a Jedi mind wave which prevents their senior doing this: "Analyst, you ran the downside case on X output, Y rate, B capital structure and W exit year right? and that gave us what figure?"

seriously though. I worked a bit in project finance (had no desire to learn about it outside of work), fuck i had NO idea what was going on. but when i got it, it was nice / you can contribute.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

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