Poll: banks where associates do the least amount of work
Title says it all.
Thinking about moving banks at the associate level. I currently work at a bank where Associates aren’t expected to do any work (e.g. review only), which is amazing. However, I am currently trying to leave for other reasons.
Looking for similar / even better places with street level comp.
BBs with large teams (look for teams with at least 50 people, 80+ even). Really it's a tradeoff though.. either you're doing a bit of work and "only" on 5-7 projects, or you are solely the review guy but you're on 10 projects and one of them is ALWAYS on a fire drill. I'd be careful going too far down the "no work, just review" path as you are both likely to be jammed a lot, and pretty high on the list for layoffs as people will know who actually does the work
All good - I’m currently at a BB and understand the game very well. At larger platforms, performance takes a backseat to politics so I’m not worried about slacking off at all. Was more so asking about specific banks / groups to target.
Learning the game is what matters, many don't get it. I did just enough work for the analysts to notice I do more than the others. Which allowed me to work almost exclusively with the good analyts since I made their life easier and they made mine easier as they work faster and require less turns. Win-win, we both sign off earlier and get good reviews.
How have you not caught on yet that this is an incredibly obvious troll?
If you are reviewing properly you are doing calculations on the side, checking stuff by hand, etc. And always asking if the number makes conceptual sense. That’s hard work pal
Guys let’s not go off track. I’m trying to find some comparable groups I can move to.
Most teams i've seen have a mix, really depends on the person. you should be more worried at even finding a spot at another bank in this market than how much work you will do. You'd also be the "new guy" and would get a bunch stuff no one else wants to do in most cases. Something to think about.
That sounds like another analyst’s problem, not mine lol
Fair, but, analyst reviews do impact you (analysts do talk to each other you know). On my team, the VPs and directors generally know who the lazy associates are and it can impact comp pretty significantly. Bad associates also tend to work with worse analysts because the goods ones will try to avoid working with you or they will be helped (i.e. I talked to the staffer as an associate for the analyst, shit on the lazy associate for not doing anything and pissing off an analyst that actually adds value and I got others / VPs to do the same). Its not personal, but people who made my life harder by being lazy and screwing over good people in the process tends not to sit well with me and others. As a result of working with bad analysts, 1. you tend to work on worse projects / busy work since people want good teams 2. things take longer and you stay up later becuase your analyst is worse and therefore takes longer and makes more mistakes. 3. You don't help, even when they are busy on other stuff and it just ends up hurting you by making things take longer.
Not saying to be a push over or split work 50-50. I only did tasks if I knew I could do way faster or it was difficult to explain. Or if my analyst was truely jammed on other stuff and we had a tight deadline. I'm not doing benchmarking, comps, profiles and other menial tasks, Aside from maybe a quick market refresh occasionally.
Nor was I a hardo, I was and still am usually the last one into the office unless I have something scheduled, not a perfectionist as long as numbers tie and spelling is right. I work out at 5 most days and work maybe 50-60 hours a week, and rarely more than a few hours on Sunday. Occasionally will push 80+ on a live process when key deliverables are do but thats the job.
My Associates barely do any work, or if they do it’s never on my staffings. Once every couple weeks (or if the analysts worked really late) they’ll decide to jump into PowerPoint or excel but extremely rare. They only review and 80% of the time ask for subjective unnecessary changes, 20% of the time point out legitimate improvements or corrections (really do appreciate these times). It’s hard to blame them too. I’m already completely done with this shit, can’t imagine how done I’d be if I was an associate that hadn’t exited yet. Modeling is fun in a weird way but the other 90% of our job isn’t.
I feel bad for the analysts man
Bump. Didn’t really get any answers. Looking for specific banks and/or groups that allow associates to completely delegate.
I thought the answer is always Citi and JPMorgan
This is helpful, thank you. Was looking for more responses like this.
I don't know how helpful it is and frankly, am not convinced he wasn't being facetious. The variances group to group at one bank can be greater than same group vs different bank. So you're going to have to dig a little deeper to get your answer but that's not something an associate who's looking to do the least amount of work would do, I guess.
Quality shitpost
Et expedita quia assumenda assumenda. Perspiciatis beatae atque nobis eos et eum et atque. Minus et quia molestiae a mollitia hic.
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