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Had something similar happen to me back in 2009. Was ultra busy straight through 2008 on deals until around October, then pitches / CIM writing through Christmas, then in January 2009 it got very quiet. Things picked up again for me personally in February / March but largely remained quiet through the end of my 2nd year as an analyst.  A lot of analysts actually started leaving the office at 6pm. Was super nice after grinding it out for 18+ months straight.

Take advantage of the time. Start working out if you weren't able to do so before. I joined a soccer league myself and got back into shape after literally a year and a half of in office pizzas, thai food, and other unhealthy junk. The senior guys know you're not cranking away if they aren't giving you work. 

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

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