Why do VPs do this?
They parachute into the deal after focusing on another project and come in and wreak havoc on the deck / model with nonsensical questions and requests. Just assuming when I did something that’s not the norm to them that I did it because I’m an idiot and that I didn’t change course of plans because of what information is available and forgetting that I actually potentially put thought into what I did. Then I spend more time explaining what’s going on and responding to dumb comments than actual work. Then their spineless and can’t push back on reasonable internal timelines from partners because all they want to do is protect their carry and simp hard to the partners so they call me on Fridays requesting things for Sunday that are the opposite of time sensitive and usually comment about how the works seems simple and should take too long right? Which is usually untrue and takes all weekend.
More just venting so I don’t go off on those idiots. Makes it worse that this project is currently double staffed with VPs so it’s turned into a dick measuring contest on who can waste my time more.
it's not personal, so don't take it personally.
Wait until you work with a portco CFO that will (not a matter of if, its a matter of when) completely fuck your models at 2 am...
Fuck im getting ptsd reading this
Indicative of the pressure on (and insecurity of) mid-level guys to demonstrate value - always super frustrating and hopefully goes away as VPs become seasoned but can perpetuate depending on the culture.
Appreciate fellas, was down bad after a long weekend and very late Sunday night for something that will most definitely sit in the partners inbox until Friday and we’ll let the cycle repeat. Onwards and upwards.
I will say that I’m trying to get use to having people all up in my shit again. I did 4 years in banking, and the last 2 I basically operated without oversight on deliverables partly due to knowing people’s preferences and having strong trust from seniors that it was right. Mostly just had to deal with cleanups after seniors sanity checked the outputs so getting use to people wanting to confirm and cross check every single little detail again like I’m a A1 banking analyst.
The VPs are pretty recent promotes so hopefully they will chill out down the road but until then RIP my weekends
Recently switched banks - definitely sucks to start from square 1 with a new group after building up years of goodwill elsewhere and having minimal scrutiny on any of your work
Feel your pain I’m sorry about this. When you say clean ups after the sanity check for the outputs you mean that what had been presented was in fact wrong right? How were you able to gain trust from them if this was the case? My b if I’m misunderstanding.
Since you're not asking for advice, I'll contribute my own rant.
There's this one VP that I worked with a lot that, in my opinion, seriously stunted my professional development to the point where I was completely unmotivated to be proactive in doing anything because I hated the dude so much. For anyone else who I (tangentially) worked with, I'd go above and beyond, lead workstreams, etc, because I enjoyed working with them and they were regular people since they were 3rd yr VP / principal level that I actually respected.
But working with a new VP that has a lot to prove, and who also is obsessive/psychotic, is honestly just a nightmare. Common behavior includes:
Anyway, all this to say that a new, neurotic, and non-chill VP can make or break one's Associate experience. Between creating busywork and overanalyzing the wrong things, it becomes difficult to even care at a certain point.
Covid should have taught everyone in finance "all models are wrong some are useful." Back of the envelope calcs are really all you need to frame an investment opportunity
Going through something incredibly similar now. Was working under a single VP for ~5 months and nearly quit until a new platform with a new VP picked up. Found out I didn't actually hate the job once I worked with someone competent.
Now a second year and already trying to scheme how I can foist this crappy VP to a first year and start coasting.
Couldn’t agree more. The VP’s literally “parachute” into the deal with absolutely zero clue on what is going on, but ask for bullshit ass fucking work.
Can’t relate more. Why do VPs suck
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