Think I'm fucking up my analyst years

I’m a second-year analyst at a pretty reputable bank. Studied CS and math in college and lateraled into my current group about 8 months ago. Honestly feel like I’m shitting the bed at my job despite working a ton of hours and trying my best.

I feel like I’m constantly making mistakes or not meeting expectations. One thing that really frustrates me is being told to be proactive and take ownership of things, but when I actually do that and get something wrong, I get shit for not knowing what I’m doing or not asking first. But then if I ask too many questions, I’m not being independent enough.

Same thing with trying to be efficient. If I rush something, I make mistakes, but if I take my time to check everything, I’m too slow. I feel like I can never really win.

The weird thing is I’ve actually gotten pretty neutral to positive reviews, so I genuinely can’t tell if I’m doing fine and just being too hard on myself or if I’m actually underperforming. And, comparing myself to top bucket analysts makes me know that I have zero idea what I'm doing sometimes. They just have the intuition to know every mext step, and the day-to-day feedback makes me feel like I’m terrible at my job.

I will say I’ve definitely improved since starting. Six months ago, I don’t think I could’ve gotten through a deal process without a ton of guidance from my associate. Now I feel like I actually could. So I know I’m learning, but I still feel like I’m constantly falling short of what’s expected of me.

I’m starting to wonder if I’m just not that smart or naturally suited for this kind of work. I feel like other analysts pick things up much faster than I do. Part of me wonders if I’d be better off doing something more technical given my CS background.

Has anyone else gone through something similar early in their career? Did things eventually click, or did you realize banking just wasn’t for you? I have a PE offer but honestly thinking about jumping ship from the industry. Genuinely looking for advice because I’m starting to question my career choices.

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There has been a lot of discussion on this form about how there's less junior talent than there used to be. Without opining on that directly, I will say that most mid-levels and seniors at least believe this to be true, whether or not it is. So they probably think everyone in your class isn't very good; they're probably not just picking on you.

But at least you're one of the ones willing to work hard. Trust me, that's better than most. Keep a good attitude, ask questions, and over time you'll keep developing the "check in for clarification" vs "take initiative independently" sense. Can't opine on finance vs opportunities elsewhere, but if you're landing somewhere in the "too insecure for finance" world.. you're in the right place already. 

 

In my opinion mid-level/senior bankers will sometimes be a little harsh when giving directions or feedback, but I would typically just say it’s either A) They’re stressed or B) putting extra pressure gets more work out of you.

Don’t take it personally, just keep giving it your best and you’ll be good. The fact that you’re posting on here shows you care; you’d be surprised as to how many people don’t care and try to get by with the bare minimum.

 

You sound exactly like me. I was so over my head and felt like the dumbest kid in the room 24/7. No joke everything I was asked to do I would not know how lol but constantly looked at prior templates, prior work etc and just sort of copied it. I had a great attitude and personality and survived and got top bucket somehow twice in a row lol even though I guarantee you i was probably rank 7th worst out of 7 in my analyst class. 

It sucks too because I felt so bad when people were staffed with me, I would apologize constantly for not understanding something quickly, not getting something correct, etc. I was genuinely trying my best and can understand the flak if I was just treating it as a 9-5pm and logging off and not caring at all. I was genuinely putting in 100% effort and working late nonstop etc. Try to get out of your head, easier said than done. 

 

If it makes you feel any better, I’m in your exact shoes (AN2 at a reputable shop) and I feel the exact same way about myself and have had similar feelings from my reviews. I was talking to my VP today about this and he said it just takes time to get the sense of when to rush v. take your time, etc.

 

One big thing to know, a good chunk of the time the difference between an okay and really good analyst is just politics. Back in my analyst years, I used to sit next to the top bucket analyst on my team during my 2nd year. I thought he must never make mistakes. Instead it was the opposite, he made some big mistakes and sometimes the same type of mistakes again. 

But because he went to the undergrad that the group loved to pull from and he was better friends with some seniors, more of his mistakes were not brought up in reviews or he just got a pass. My mind was blown.


You learn that some analysts are more judged on what they do right while others are judged on what they do wrong. Most analysts are around the same ballpark. Don’t take it too seriously, learn what you need to learn to perform in your next role and go on with life. 

I have talked to multiple MDs who said they went from getting treated like a crappy analyst to being highly regarded just from changing groups or banks sometimes even while they performed the same. 

 

this is key and deserves more attention. politics and how you carry yourself / communicate with others defines their perception of you. it's a shitty job where people consistently miscommunicate so you can never win - if they like you, you get away with stuff and they're easier to work with. you cannot win in IB if you're trying to stand out with high quality and fast turnarounds of your work. there is too much to do and not enough time. the people aspect is more important. staffings can also make or break your experience (or career) and that's dependent on relationships too.

 

You are smart enough, but it may just take you more time to get caught up to speed. You’d be surprised, I knew some analysts that I thought were never making mistakes but they definitely were, many of which were less self aware. But if you don’t enjoy the job itself, that can always make it harder to get caught up. Life is too short to pursue a career that may not align with your personality/strengths. There are a lot of people spending time in a career that isn’t suited for them. Again, it’s not that you can’t do the job, it’s that it may not be something you actually like/are excited about which can make it harder to do the job. 

 

I have been thru the same shit and I am second year right now. Don’t let your confidence get shaken, that’s what causes more mistakes. If you make a mistake, take accountability and do your best not to make it again. Also, don’t be reactive when you fuck up, take it as a matter of fact and keep pushing. Do you use AI to check your work? We gave rogo at my bank and I use it for a quick final review and you will be amazed how many small things it catches. You are doing fine bro, take a breather and believe in yourself. You are not as bad as you think.

 

Have had the same sentiment / thoughts throughout my career thus far and life in general more frankly (i.e. impostor syndrome). Think it's practically impossible to get a true gauge for how you're doing because you only see your own work product and experience and see what everyone else is doing from afar. You operate under the assumption that everyone else has it together; you're the only odd man out. 

There really isn't a clear comparable because in sports etc, everyone's on the stage and you can clearly see how you're fairing up against others. Even in school everyone in your class would receive the same tasks / assignments and talk about their grasp of it (e.g. you'd know if everyone struggled on the test or if it was just you). But in IB you're not staffed with any other analyst who's trying to do your task or put your exact page together. The only ones who see your performance relative to other analysts are the senior bankers who are staffed with both you and other analysts in your class.

My entire perspective changed when a senior spoke to me about essentially this very topic. Believe it or not, he had the very same feeling - went through his entire first year thinking he was the worst in his class and maybe even at risk of being laid off - then got top bucket for every year of his career, including this first one. Proceeded to get early promotions, made it to group head, basically maxed out what you can do in banking.

Think this kind of thought is healthy to a degree: it ensures you're never complacent, because you're always thinking that you're not good enough. 

All you can do is do your best.

 

You Gen Z analysts take feedback way too personally. Just don't take feedback personally, it's not a reflection on your intelligence or effort you put in if your PM or MD says the thing doesn't make sense. It probably just doesn't make sense. A lot of you are bad communicators too, learn to communicate and clearly explain your points and arguments through writing and presentation. There are a lot of books on those things. 

Last, the job is to be fast AND to be accurate. Need to be both even though there is the usual tension between doing things fast and doing things well. 

 

Ask your colleagues for their opinions. They may have experience that you can learn from. Talking to others can relieve stress.


 

 

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