Having to beg for work?
I’ve been in a 1st year aso role at this LMM pe firm for the last 6 months. Got a stellar review at the 4Q mark. However, the port cos that I’ve been assigned are arguably the firms worst investments and don’t have too much going on. The other aso that started with me (bout 2 months before) has got all the firms flagship investments. I’m constantly having to ask for work or to help on stuff because I finish my work pretty quickly. I’m just extremely bored and not getting the same learning opportunities as the other aso. I also don’t think it’s a matter of competence as my review was extremely positive and I’ve compared my work to the other aso’s and objectively believe my work is leaps better. I’ve already talked to a partner on this but I’m getting frustrated as I’m having to constantly beg just to be intellectually stimulated. This is also the same reason why I left banking as I wasn’t learning anything new and I’ve reiterated this point to my employers. For now, I’m literally just working on my modeling to improve it or reading my finc textbooks from school. Anyone have any suggestions?
Same boat. Been vocal, trying to be proactive when new ideas come in, only to be overshadowed by Senior Associates who are trying to hard to impress and continue to do Associate level work and impeding in my performance. If nothing changes in a year, will consider going to a different shop and would be ok starting as AS1 again at a solid fund if need be.
Not totally uncommon - getting good deals / portcos are largely luck of the draw, especially in the beginning. If everything else about the shop is good (pay, WLB, culture, etc.) then I would stick it out, keep putting in good work, and asking for more shots on goal. Most firms with any sort of culture of mentorship will try to rebalance good deal experience across associates if it's clearly lopsided.
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