Poor feedback
I’m an An1 in Corp Banking and had a catchup with my VP where I received some pretty poor feedback. He didn’t mention anything about my actual output but more general points about working. Mentioned that I need to listen more actively and also see the bigger picture, be more organised, be more resourceful (before asking questions), be more proactive and understand how the team hierarchy works better (I can’t ask my director about certain things who sits right next to me). I know very poor all round (didn’t mention anything positive, although this was not a performance review), been on desk for 7 months. VP said this was in light of trying to improve ahead of full year review where opinions from D’s and MD’s will be gathered. Also wants to set up bi-weekly catch-ups regarding this. How bad is this and is there a path forward? Will I be let go at my first year performance review?
It's not good - but the fact that he is giving you the feedback means he probably legitimately wants you to improve. Feedback when it's not required is for your benefit, not his. This guy may enjoy mentoring young folks, but I can guarantee he doesn't want another meeting on his calendar every other week, so this is generous for him to do.
To the extent that you can, for your sake, I would try to understand if this is a widely held view, don't know your office can't tell you how to do recon or what feedback on stuff has been. You are 7 months in, most people are only starting to "get it" in their first gig around that time.
Also buy a planner and have a notebook in every meeting from hear on out. Even if you don't always look back at the notes, taking them makes you remember more.
Lastly, analyst in corporate banking can mean a lot of things, so spend some time understanding how your directors function creates value for the bank - Relationship Manager - selling and finding new deals, Credit - managing risk (without hurting good client relationships), middle office - making everything in other functions run smoothly. Once you really understand that, make sure you are always making it easier for your bosses to do that and focus on that job (at a bare minimum that means not having to second guess your work).
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