When working with Analyst 2's, is this the norm as an Analyst 1?
New to the IB world so am completely fine if this is the norm, but am just wondering.
An 1 here and everytime I am staffed with an Analyst 2 am I just expected to take 100% of the work and all the pages, and the analyst 2 with me sort of just acts as an associate?
Coming into the job I thought we would split pages, etc. I understand I am lower on the pole so I maybe do 65% and he does 35% but the split is literally 100% me and analyst 2 0% on all of my deals
Depends entirely on team structure / the assignment.
Is he jamming on the model and asking you to make stupid comps slides? That is very normal.
If he’s sitting around doing absolutely nothing and pretending to be an associate while there’s already another associate on your team, that’s a bit weirder to me (assuming he’s not swamped on something else).
Next time you get a bunch of work just say you want to get on a call / meet at his desk and divvy things up - as a first year you’re probably going to have to handle most of the grunt work, but if there’s some complicated more time consuming slides you can ask him to take those “to be most efficient”
Thanks for the response.
Nope, for the same project/staffing he already has nothing else going on. I somehow got scammed into thinking this is the norm and that the an 1 does 100% of the work and the an 2 just acts as an associate even when we already have an associate
PLEASE speak up - this happened to me when I was a first year, and upon learning of this over a couple experiences, I am now deeply resentful towards him. mention this to your staffer. Analyst 2s cannot get away with doing absolutely nothing - they are probably shopping around for another offer or something. But of course, do check if he's staffed on other projects
At my bank the dual-analyst thing is used two ways - either for
1. pitches / smaller deals - brand new analysts to learn the ropes (analyst is around to answer dumb how to questions + checking it before associate also checks it catches a lot of the newb mistakes)
2. very busy live engagement with massive amount of work - usually analyst 2 owns the modeling workload and analyst 1 does all of the pages
Sounds like #1 here. Analyst 2 is just around to help train you, not do the work - they have their own (likely live/more important) deals. I would just think of the analyst 2 as an associate. Their job is to be around to train you, point you to the excels you can't find and catch little text nits, but they are likely staffed on a number of other things
You’re doing 100% of the work on all your deals, marketing and modeling related? You have full ownership over CIM and Model? Pretty impressive as a first year analyst 6 months into the job. I would say it’s common for second year analysts to be pretty checked out, but still doing all the modeling and any PowerPoint work as needed.
But if you’re expecting your second year to take 35% of text comments, logos, market charts, overview pages and other brainless tasks you’re being very unrealistic. They should do work that contributes to their learning and development after putting in 80 hours a week for 2 years. It new analysts can’t do the above tasks you begin to wonder what they’re being paid for.
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