Work is slow?
1st yr at MF joined few months ago.
Work is extremely slow. anyone else experiencing?
Don’t want to ask for work, but bored doing nothing all day
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Our deal flow's slow rn too. Post-labor deal rush didn't happen like the bankers have been telling us all year...
It was painful how many times I have heard this in sponsor meetings with little evidence…Funny when we reuse those pages, need to remove the post Labor Day language since it never happened
M&A will remain slow until interest rates go down materially. period.
Nobody wants your crappy portcos at 10% rates
The music has stopped.
Pe is in for huge reckoning.
PE is categorically fucked
Same - been here over three months and haven’t had anything close to a live deal yet.
Starting to get a little nervous that rest of the year will be equally slow and I’ll be at the 6 month mark without any real deal experience … but at the same time not much we can do other than just sit tight and wait for things to get going and enjoy the quieter period while we can
I sometimes feel that too, scared im falling behind knowledge-wise relative to peers. However, I try to remember that Im still working so much be learning something (even if it's something like communication, writing, managing up etc. etc). There skills are actually more important the more senior you go.
Ive also been working with our potcos and focusing on internal portco work, attending networking conferences to source new deals, and generally reading up on various modeling related things I find interesting and poking around the drive (be it preferred structures etc).
Hopefully that helps!
Love this new wave of associates joining when things are historically slow. The same people asking for more work like psychos are the same one’s that will be on wso asking for help with stress and anxiety when they have too much at once. Pray that you made the smart enough choice during recruiting to go to a solid fund that keeps raising money and enjoy getting paid to not work. Take the extra time to maintain relationships outside of work and get your life together. When things ultimately pick back up, I promise you’ll get all the experience you’ve wanted.
Indeed. Enjoy the downtime.
Only takes 1 deal to blow up your life (as I found this weekend...).
Lol, this was my exact thought as well. My only worry right now is that my girlfriend will get used to me being home at 5 most days.
I feel like every banker that I talk to have huge pipelines, but it's filled with hopes, dreams and 2022 pricing-expectations. It probably takes a dozen teasers now to close one deal.
i think the problem is that we all want balance and stability - enough work to keep us not bored and learning but not so much so that were dying. The problem is this does not exit really in PE (maybe at some places but rare). I think that's the main struggle, at least in my case. It's a natural human thing to want to have control over one's time and hours but its a price to pay for working in the industry.
All this is to say is that I don't think it's wrong to complain about this or vent just to keep in mind were not the only ones dealing with this.
enjoy it till lasts
I love how every other thread here is "post MBA market dried," "lateral market sucks," "midlevels not growing / getting laid off," "fund closes below target," etc. yet the people who actually hold the coveted seats in a rare time of class size non-expansion don't seem to be grateful for having a seat at all, and instead are whining about the intellectual stimulation not being high enough. We used to have a country smh
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