Not getting staffings
Title kinda says it all, I’m wrapping up my first year as analyst and just don’t get any good staffings. In the few chances I’ve had on important stuff I’ve been able to get it done just fine. However, I don’t think I’m on good terms with my staffer as it seems like the few times I’ve dropped the ball it’s been on stuff with him. My mid year review was average, as I was told I was fine technically but needed to work on things like attention to detail and proactiveness….. I was also told that I’d get more at bats with important stuff to prove myself….. fast forward 6 months and I still do not get said at bats. Am I cooked in terms of the current group im in? Should I start looking elsewhere?
Based on the most helpful WSO content, your situation isn't uncommon, and there are actionable steps you can take before deciding to jump ship. Here's what you should consider:
Rebuild Trust with Your Staffer:
If your staffer has been unimpressed due to past mistakes, it's crucial to repair that relationship. Proactively communicate your willingness to take on more responsibility and demonstrate that you've addressed the feedback from your mid-year review (e.g., improving attention to detail and being more proactive). A direct conversation with your staffer about your desire to prove yourself could go a long way.
Focus on Visibility:
Even if you're not getting the "good" staffings, make the most of the work you do have. Crush the smaller tasks, ensure they're error-free, and deliver them ahead of deadlines. This builds a reputation for reliability, which can lead to better opportunities. Additionally, try to build relationships with senior team members (Directors, MDs) by being visible in meetings, sharing insights, or volunteering for tasks that might catch their attention.
Seek Feedback and Mentorship:
Approach associates or senior analysts who are well-regarded in your group and ask for feedback or advice. They might provide insights into how you can improve or even advocate for you when new staffings come up.
Evaluate Your Group's Dynamics:
If you've genuinely made efforts to improve and still find yourself sidelined, it might be a sign that your group isn't the right fit. Some WSO threads highlight that staffing decisions can be political or based on capacity rather than merit. If that's the case, it might be worth exploring internal mobility within your firm or considering a lateral move to another group or firm.
Timing Your Exit:
If you decide to leave, ensure you have a solid plan. Lateral moves are common, but you'll need to position yourself as someone who has learned from past experiences and is ready to contribute. Highlight your technical skills and any wins you've had, even if they were on smaller projects.
Remember, you're not "cooked" yet. Many analysts have faced similar challenges and turned things around by being strategic and persistent. If you can demonstrate growth and reliability, you may still have a shot at better staffings or a fresh start elsewhere.
Sources: 1st Year Analysts Quitting?, Easily the worst analyst in my group., https://www.wallstreetoasis.com/forum/investment-banking/cold-feet-and-dread?customgpt=1, How to manage bad 1st years?, Confessions of a former second year IB Analyst
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