I am a 3rd year analyst at a middle market investment bank. My boss just told me that there might be an promotion freeze this year. Is it happening at the other MM/BB shops too? What should I do?
| +161 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 29 | 6h |
| +160 | UBS Tech layoff | 52 | 2d |
| +146 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 1d |
| +112 | Leaked Interview Questions to Recruiting Services | 55 | 2h |
| +63 | How do YOU manage networking requests? | 20 | 2h |
| +59 | Are target prospects getting dumber? | 27 | 1d |
| +37 | Quitting After First 4 months | 12 | 2d |
| +34 | MBB Pay Raises | 26 | 2d |
| +24 | My new boss told me they have no idea what I was doing? | 3 | 7h |
| +20 | Career Crossroads | 3 | 7h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Instead of cutting some of the second/third year analysts, they just didn't promote them. I've been hearing that some 1st years will not be getting 3rd year offers either, but in my bank, first years were laid off. So who knows.
Start looking for a new job?
Look, if you're that good, they'll find a way to promote you.
Are you at a MM or BB?
BB
get off your high horse and be happy you have a job. people are getting laid off, left & right.
if you are so unhappy, then actively look for another position, but you know how the job market is right now.
good luck
No one wants to be a 4th year analyst...it's like having loser written all over your forehead.
4th year analyst? What the hell are you talking about?
Well...if 3rd analysts dont get promoted and not laid off, what do you become?
Your contract would expire come June / July, thus effectively being "laid off."
While that's most likely true at BBs, it could differ at MM banks.
No, it's absolutely true at BBs, and at every other respectable shop. At the end of your analyst stint whenever that may be, you're either promoted to associate or you're done. That doesn't mean you're laid off, you're just not invited back.
unemployed...except with some sense of pride that you weren't laid off and maybe even a half-way decent bonus
Are you not even allowed to shift coverage?
MMs are also up-or-out. Two year stint, with possibility of 3rd year, then either promote or time to move on.
________________________________________ø__________________________________________ "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."
Natus voluptatem praesentium sit. Vel harum quis dolor ab nihil similique. Sint enim doloremque et numquam culpa. Id doloribus sed quia voluptatum culpa excepturi inventore.
Ut dolores quasi maxime a alias vero perferendis. Vitae omnis perspiciatis iste aliquam perspiciatis et error voluptatibus. Sint explicabo animi nulla nesciunt. Beatae voluptatum aut et ut et fugiat sunt. Et perferendis esse qui sapiente et et voluptatibus. Ut libero enim velit est.
Sunt ut sit ducimus ex et accusamus est. Saepe et libero quia labore. Nobis voluptate asperiores et aut.
Magnam rerum officia ex occaecati. Iste et aperiam quidem iste. Inventore quae mollitia doloremque est sit laborum expedita alias. Voluptas ea blanditiis sunt assumenda rerum.
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...