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I know someone who is currently a fourth year analyst in IB at my previous firm, but she additionally does work (sort of like a hobby) in another space and spends a lot of time in the gym. In other words, I think she's doing well in her job and that her staffers are definitely not forcing her to grind out work. I think she's found a happy medium of splitting time between her job and these other areas and for some reason the company is fine with it. Never heard of anyone else doing a similar arrangement though, or anything even close for that matter. 

I'm thinking if you are a 4th year analyst and they're grinding you like this, it might be worth really asking for the promotion or looking for other jobs. 

 

We had a 4th year at my prior bank. Writing on the wall was "we don't think you're good enough to promote, but we like you too much to hurt your career by firing". The 4th year was basically giving them buffer time to find a new job without a resume gap. 

I would ask for a promotion and to the extent you don't get it start looking for a new firm.

 

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