Mid-year performance review at BB
So I just graduated from undegrad in Dec-2022 and have been an analyst at this BB for about 4 months. So far, I've been told that my work product has been "good" on some and "okay" on others and overall I have an okay but not great relationship with my team. I also haven't done the official analyst training (which starts next month) since I was an early start so I had to go into the job without any official training.
I have a mid-year performance review coming up soon and believe that I may receive mid-tier reviews (okay / acceptable performance but not great).
Given the current environment, should I be worried about this and the potential implications it could have on my employment or am I just over worrying things? Also, what is typically the performance standard for 1st yr BB analysts on average? Do most 1st year analysts at BBs receive "strong" performance reviews or "okay / acceptable" performance reviews?
Just want to have an expectation on what to expect given others in my position / level. Thanks!
I feel like your question specifically requires a lot of context for anyone else reading, because you're in Italy.
I am Italian my self but working at an EB London. The thing about Italians and Italian coverage groups is that the people I've worked with are all insanely good but really intense. I don't know if it's the education system that forces us to sit down on the chair for 20h a day or the fact that, to get to London from a country where there are no jobs for undergrads means you have to fight a lot, but either way the standards are pretty pretty high.
In Milan specifically most of the people you work with have done plenty of internships after their MSc before getting a FT job, because the market is really small and that's the unfortunate reality. I was told by my VP (ex top BB) that I was operating at A2 level back when I was still an intern in London (not bragging, I'm even anonymous, just giving context).
On the other hand, it looks like you joined straight out of undergrad with probably little to no experience? I believe that's what causing the big difference in expectations. You're working with a lot of people who had been operating as analysts long before they got their FT gig, so the baseline is higher and you're expected to have less ramp-up time.
Probably some subconscious thing, but from my exp how good you are correlates positively with how good your relationship with the team is (unless you're a weirdo).
So to conclude, there isn't much to suggest other than try to improve as fast as you can and communicate with your team clearly. Ask them what they didn't like about your output when they don't like it and make sure not to make the same mistakes all over. Everyone has their preferences when it comes to working, it's important to have mental notes of what people like and don't like. Also, there's nothing worse than an analyst that won't move a finger unless told to (there's plenty). Unless you're already doing it, rather than purely executing try to really think about what you're doing, ask the right questions, and come up with a product even when you don't have much guidance from above. It's really important especially in smaller / country coverage groups. Taking more responsibility is expected there. Good luck!
Thanks for sharing. I’m working in the U.S. in a regional office of the BB but not sure if that changes anything? Not sure why wso mentioned Italy
Okay that's funny, will let someone else chime in then as I'm not sure about performance expectations in the US. In London I can tell you that A1s are definitely not the best, they take about 6 months to get good because most the class is filled with SA often undergrad that have worked for a total of 10 weeks the year before in IB. I assume it could be the same in the us but will let other people confirm
Et hic veniam similique quidem aut. Ullam consequatur tenetur dignissimos ut ducimus explicabo. Tenetur quo sequi dolorum incidunt. Fugit molestias eaque voluptas maiores voluptate odio voluptatem. Quasi quia sit quas placeat possimus. Quos omnis autem minima. Consequatur tempora cum adipisci qui.
Aut enim mollitia magnam quia nulla quisquam ea labore. Perferendis dolorum blanditiis quia esse et in. Sint voluptate in aut occaecati. Dolorem alias sit et dignissimos.
Quis impedit in impedit qui qui nostrum dignissimos. Est consequatur quisquam et voluptas officia. Et et ipsum aperiam explicabo odit.
Voluptates eveniet architecto rerum dicta ut. Tempore quia ipsam aut qui veniam. Totam deleniti laudantium illum voluptatem maiores quae aut occaecati. Omnis voluptatibus aut iste. Rerum eum perferendis et magnam perferendis. Est non reprehenderit non ut neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...