Why Am I So Damn Slow?

Hi all,

I’m three weeks into my first IB internship at a solid UK bank. It’s my first actual internship and I’m finding myself painfully slow at doing anything really .

Even basic stuff like updating logos or labels end up taking way longer than expected. I’ll think, “10 minutes max” and like 45 minutes later I’m still fiddling there. And the worst part is, even after all that time, the quality still isn’t there. My analyst has been patient, but I can feel the frustration building up.

I’m triple-checking everything because I’m scared of sending something sloppy but I'm already going at max speed so I find myself both slow and not confident in the product.

What’s making it worse is that I don’t sit near my analyst on the floor, so even quick questions turn into awkward messages or pings, which I hate doing too often.


Would appreciate any advice. I want to get better but right now I just feel behind.

Thanks in advance for any insight!

TL;DR: 3 weeks into my first IB internship, and I’m moving painfully slow. Even basic tasks take way too long, and the quality isn’t there. Analyst seems frustrated, I’m stressed..

19 Comments
 

Based on the most helpful WSO content, here’s how you can address your concerns and improve your performance:

1. Time Management and Prioritization

  • Set Realistic Time Estimates: When estimating how long a task will take, add a buffer. For example, if you think it’ll take 10 minutes, allocate 15-20 minutes. This will help you manage expectations and reduce stress.
  • Focus on Deadlines: Always confirm deadlines with your analyst. If you’re unsure about how long something will take, ask for a deadline slightly beyond your estimate to give yourself time to triple-check your work.

2. Improve Efficiency

  • Templates and Shortcuts: Familiarize yourself with templates and shortcuts. For example, if you’re working on logos or formatting, ask your analyst or team for past examples or templates to use as a reference.
  • Batch Similar Tasks: Group similar tasks together to minimize context switching and save time.

3. Communication

  • Proactive Updates: If you’re struggling with a task, don’t wait until the deadline to raise concerns. Let your analyst know early on, e.g., “I’m working on X, but I’m running into Y. Do you have any suggestions?”
  • Ask Smart Questions: Before reaching out, try to solve the problem yourself for 30-60 minutes. When you do ask, explain what you’ve already tried. This shows initiative and thoughtfulness.

4. Build Confidence in Your Work

  • Triple-Check Strategically: Instead of checking everything multiple times, focus on the most critical parts of your work. For example, ensure numbers are sourced and formatted correctly, and that labels or logos are accurate.
  • Review Mistakes Weekly: Keep a log of errors you’ve made and review them weekly. This will help you identify patterns and avoid repeating the same mistakes.

5. Leverage Your Analyst

  • Mentorship: Your analyst is there to guide you. Schedule a quick weekly check-in to discuss your progress and ask for feedback. This can also help reduce their frustration as they’ll see you’re actively trying to improve.
  • Desk Proximity: If possible, try to sit closer to your analyst or team. If that’s not an option, use messaging tools efficiently and don’t hesitate to ask questions when needed.

6. Mindset and Stress Management

  • Accept the Learning Curve: Remember, no intern is expected to be perfect. Even full-time analysts make mistakes. What matters is your willingness to learn and improve.
  • Stay Positive: Take comfort in the fact that you’ve landed the internship, which means your team sees potential in you. Focus on small wins and incremental improvements.

7. Practical Tools

  • The Checklist Manifesto: Consider reading this book by Atul Gawande to improve your organizational skills.
  • Daily News: Stay updated with resources like Seeking Alpha’s Wall Street Breakfast or ESPN Daily to build general knowledge and confidence.

By implementing these strategies, you’ll gradually improve your speed, quality, and confidence. Remember, it’s a marathon, not a sprint—focus on consistent progress!

Sources: How to kill it as an intern, Starting my first IB internship in October: What advice can you give me?, https://www.wallstreetoasis.com/forum/investment-banking/extremely-nervous-advice-for-intern?customgpt=1, Incoming intern stress, The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Where is your bottleneck? While this isn't an exhaustive list, it might be a good starting point to help you get faster. 

  1. Efficiency -- You're clicking around with the mouse too much and should start learning keyboard shortcuts
  2. Compartmentalization -- You're too overwhelmed with a larger project that it keeps you from making incremental progress so you need to break tasks down in to smaller pieces.
  3. Time management -- You take too much time because you give yourself too much time and should time box each task with a timer.
  4. Procrasturbation -- You're spending too much time flaunting your internship on WSO instead of doing your job. 
 
Most Helpful

FWIW, I am 4 years into the job and and 90% of the time, things will always take longer than what a superior expects. Prioritize quality over speed - I would rather something come back to me thats right, but has taken slightly longer. To your point around constantly pinging your analyst - complete the task as best you can and ask all of your questions at once - will save you the back and forth. Don't stress, we all go through it!

 

As someone else asked, where exactly are you falling down? You've asked this Q but the fact you've not really tried to communicate to us what you think the problem is tells me that you have no idea. 

You need to take an almost third person viewpoint of your workflow and identify why your perception of a tasks time is so much longer than it's actual time. Where exactly are you wasting time?

Again as someone said, most tasks take longer than you expect them to. At uni I used a rule of thumb when planning my day: all tasks will take 1.5x as long as I expect them to. So when I timetabled, I assigned 1.5 hours to all tasks I "thought" would take 1 hour. 

Nonetheless 10 mins task to 1 hour is a big disparity.

 

Don't worry - it's natural especially during your first internship. Personally I feel analysts giving you tasks should be at the very least part empathetic to allow you to learn, but it's important to not overly-bombard them. Always try look / ChatGPT something up before asking them is commonplace advice. But the nature of the job is that it's volume-heavy, you'll improve by doing the same standard decks over and over again. Personally, I'm a bog standard template recyler, don't care if it's not the most beautiful or creative, but if it replicates recent templates made by myself / other team members and is fine, i'll maximise them as much as i can. 

 

Your analyst is a dud if he’s getting mad. You’re an intern you probably don’t know how to use a keyboard. But that’s the industry people work in I guess 

 

Someone else mentioned this but I'll echo it. Quality>>>>speed, it's better to spend time and get something right the first time rather than send something to a superior and have to revisit it and waste more time. Once people can except quality work consistently, even if it takes some time, you'll be more trusted and hopefully land a return offer.

Wish you the best.

 

do you think you were skilled enough when recruiting or were you a you know what hire

 

I am basically your tipical patagucci euro target npc if that helps, guess i checked the boxes?

 

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