Why do I feel like an absolute idiot

About a month into my new PE gig and man am I struggling… I just got thrown into it without much / any training and feel like I’m under water already.

I show up at 8:30am, work til 1am and don’t feel like I can leave my desk for more than 5 minutes.

I was top bucket both years and received outstanding feedback (and honestly kinda liked the job) - I never would’ve thought the transition would be this difficult.

I genuinely feel like I’m staffed on too much this early and don’t have enough time to figure out what any of these businesses actually do (putting in multiple IoIs and my portco has an absurd amount of activity) and I’m still trying to figure out the general infrastructure / where things exist / best practices, etc. 

Are other people this busy for August, let alone as a new joiner, or is this abnormal?

How do I navigate this? I feel like I’m spinning my wheels on so much because I don’t know what my teams expect & no one gives guidance and it doesn’t really feel like there’s an open forum for questions.

I know it’ll get better with time but it feels a little soul crushing looking down this path cause it has felt equivalent to my worst weeks in banking.

4 Comments
 

Based on the most helpful WSO content, here are some insights and advice to help you navigate your current situation:

Common Experiences for New Joiners

  • Initial Struggles: It's not uncommon for new analysts or associates to feel overwhelmed in the first few weeks or even months. As mentioned by a Certified Private Equity Professional, it often takes a few weeks to get fully integrated into the team with meaningful work. High-leverage situations can make it difficult for the team to delegate tasks to new joiners immediately.
  • Busy Periods: The workload can be intense, especially during busy periods. For example, one user shared that their fund's activity can vary, and sometimes unexpected tasks can blow up their week.

Tips for Navigating the Transition

  1. Patience and Persistence:

    • Give yourself time to adjust. It’s normal to feel like you’re under water initially.
    • Focus on getting up to speed with the firm’s training materials and any available resources.
  2. Proactive Learning:

    • Take the initiative to learn about the businesses and the general infrastructure. This can include reading past reports, familiarizing yourself with best practices, and understanding where key resources are located.
    • Use any downtime to study and prepare for upcoming tasks.
  3. Seek Guidance:

    • While it may feel like there isn’t an open forum for questions, try to identify a mentor or a more experienced colleague who can provide some guidance.
    • Don’t hesitate to ask for feedback and clarification on tasks. It’s better to ask questions early on than to make mistakes later.
  4. Manage Expectations:

    • Understand that the initial period is a learning phase. Your team likely expects you to take some time to get fully up to speed.
    • Communicate with your team about your workload and seek their input on prioritizing tasks.
  5. Work-Life Balance:

    • While the hours can be long, try to find small ways to manage stress and maintain a work-life balance. This can include short breaks, exercise, or any activity that helps you recharge.

Encouragement

  • Long-Term Perspective: Remember that it will get better with time. Many professionals have gone through similar experiences and have come out stronger.
  • Positive Attitude: Maintain a positive attitude and be open to learning. Your hard work and dedication will pay off in the long run.

By following these tips and giving yourself time to adjust, you’ll likely find that the transition becomes more manageable. Good luck!

Sources: New guy, leaving at 5 because I don't have anything to do. MD is pissed., New guy, leaving at 5 because I don't have anything to do. MD is pissed., Is my start to new job normal? Paid to do nothing, PE Recruiting 2020 Information Thread, Summer 2018 PE Recruiting has begun

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

Same boat, I just started in August and feel the same way. I keep telling myself to remember the feeling of when I was a first year analyst in IB and was clueless, and that confidence will come with time and reps. But I’m underwater.

Been trying to catch up on sleep and get ahead of every week on the weekends, and just keep improving and taking feedback constructively. It’s hard and exhausting. At least I feel like I’m learning a ton.

 

Was the same experience for me during my first 6-9 months. Things really started to get better afterwards. The thing is, when you join a PE firm as a Junior Associate, (i) folks usually just dump everything on you (=higher workload than usual), (ii) want to drill you (=more pressure than usual) and (iii) you are simply just not plug-and-play yet (=lower awareness how to get things done). These dynamics really subside after some time and it was really only after my first year, that I felt being part of the firm. I personally also pondered many many times to quit within my first year. That feeling is now gone - you can make it too!

 
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