Have I hit the jackpot
...
...
| +89 | Nothing to do at work & bored to hell | 9 | 5h |
| +67 | Do people over-index on 'moats' | 20 | 1d |
| +51 | Predicted Net Worth in Trodden Finance Path by 60? | 20 | 5h |
| +44 | Biggest (avoidable) failures in PE Investments? | 24 | 2h |
| +38 | Why is ROIC never really a topic when looking at companies IRL | 11 | 3d |
| +26 | SGE Final Round (Investment Summer Analyst) - Case Study & Technicals? | 13 | 6d |
| +19 | Senior IR Lifestyle | 3 | 5d |
| +12 | How to approach Buyside Recruiting | 3 | 4d |
| +12 | Honest opinions needed about lateraling | 4 | 1d |
| +12 | NY LMM PE Recruiting | 3 | 23h |
Career Resources
Why are you considering throwing it away, is something not working out?
Generally after 1-2 years you have optionality to move on and your school/GPA don't matter anymore, but at 3 months with no work experience I would stick it out as best as you can
re-wrote the post. I wasn't looking for a job. It just got offered to me. I have no financial background so a lot of the time when anything excel comes up, I get overwhelmed and question my decisions lol
Stick it out. Being in over your head is very normal. I have always found that you can either run away from that feeling or use it to get better. Your boss obviously liked something about you and the money is really good, especially for that part of the country. Unless you hate finance/investing, I would assume the work is pretty interesting as well and you could learn alot about the business in a seat like that.
If excel is the most stressful thing you have to deal with, take a few online courses and get better. Do this now while you still have some slack as the "new guy." Identify the easiest weaknesses to work on and address those first. It's your first job so you are allowed to make mistakes as long as they can see you are improving.
With all that said, if you hate the work and investing/deals aren't something you are interested in, work hard, save as much money as you can until you find something you actually want to do. Don't leave for another job you hate making a fraction of the money. Just my 2c.
Agree with this comment. Also it's totally normal to feel like you're drinking from a fire hose for the first 6-12 months... there's a LOT to learn.
Ask for help if you need it - just try to solve it yourself first and consolidate your questions. You can also ask to just sit behind other people when they are in the model, learning by watching is a real thing in finance
This guy is right. Feeling totally out of your depth is normal when you get going unless you're some Greenwich-raised freak whose been working on LBO modeling since middle school. When I started I had no idea how to make a 3 statement model, now, at the risk of being immodest, I feel that I am very good at what I do. It didn't happen overnight, but the group I started in had some absolute life savers who went out of their way to teach me what I needed to know and made me as good as I am today. If you are as lucky as I was, use these sorts of relationships to get better. If you aren't as lucky as I was, use online resources (e.g. Macabus modeling - which actually is probably good to do either way). But either way give it a shot, because quitting now and it not working out will land you in about the same spot. You have so much more to gain than lose.
Thank you man that is great advice. Definitely a space I am super interested in and find very fascinating. I thoroughly enjoy that part of the job. And yeah not planning on leaving but has been tough. They put me through a 2 week training which was pretty much just 3 statement modelling and some valuation stuff - none of which has been applicable to what we're doing. I guess that's where some of my frustration also comes from.
Perspiciatis sit eaque accusantium et quia officia est. Consectetur sit reiciendis est ut. Sint quae consequatur omnis numquam sed tempore temporibus. Vitae vero occaecati facilis aut officiis. Impedit et rerum odit explicabo ad. Enim pariatur fuga et ea magni rerum maiores. Omnis id unde et consequuntur.
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...