I’m bad at this job

Almost 6 months into the new role in PE and I feel completely underwater with very little support. Hours are not unreasonable, but currently working in a niche sub vertical that is entirely different from the type of business I worked on in IB. I feel like I should know what I’m doing at this point but am falling behind significantly. The types of analyses in this sector are completely new to me and there’s always something I feel like I’m missing. Feels like I’m hitting a brick wall. Does it get any better?? 

5 Comments
 

Based on previous WSO threads, here are some insights and advice that might help you navigate your current situation:

  1. Persistence and Patience:

    • It's common to feel overwhelmed in the early stages of a new role, especially in a niche sub-vertical. Many professionals have shared that it does get better with time. The key is to be persistent and patient. As one user mentioned, "You have to do your dues. If you are in that early stage and feel like you are living at the edge of stress due to a constantly demanding boss, firm, or just deal life... it will get better."
  2. Learning Curve:

    • Transitioning from IB to a new sector in PE can be challenging due to the different types of analyses and business models. It's normal to feel like you're missing something initially. Over time, as you gain more experience and exposure, you'll become more comfortable with the new analyses and sector-specific knowledge.
  3. Seek Support and Mentorship:

    • If you feel unsupported, try to seek out mentors or colleagues who can guide you. As shared in one thread, having supportive associates and VPs who are willing to help and show you how to do things can make a significant difference. Don't hesitate to ask for help or clarification when needed.
  4. Avoid Job Hopping:

    • Jumping jobs too quickly can reset the clock on getting out of the challenging part of your career. It's often better to stick it out and aim for a promotion rather than taking laterals as a career strategy. This approach can help you move past the initial tough phase and into a more comfortable and rewarding position.
  5. Mental Health and Well-being:

    • It's important to take care of your mental health. If you're feeling overwhelmed, consider talking to a therapist, friend, or family member. As one user advised, "If you’re struggling with depression or mental health, talk to a therapist or a friend or family member that can help."
  6. Long-term Perspective:

    • Remember that many professionals have gone through similar struggles and have come out stronger on the other side. Keep a long-term perspective and focus on the growth and learning opportunities that come with the challenges.

By keeping these points in mind and staying persistent, you can navigate through this tough phase and eventually find your footing in your new role.

Sources: Is CRE Okay?, Can’t believe it’s over, Horrible Boss or is this Wall St?, Laid off, Depressed and Giving up..., Help, my career has got off to an awful start!

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

Yes it gets better. The first year in PE is really tough no matter what fund you are it. You constantly feel overwhelmed.

The second year is much better. You have a few reps by then and the stress declines dramatically as your confidence and competence build. You also have better relationships with the team, which goes a long way.

Hang in there. We all went through that period and had the same thoughts you are having now.

 

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