BB CRE - Just Started, Want to Leave
Recently started a new job at a BB and it just sucks. Don't want to get into the specifics but overall it is not a cultural fit and the work is not what I thought it would be (this is on me for not asking enough questions during interview).
I got a title bump and increase in pay, but it just hasn't materialized into what I thought it would. I initially told myself I would stay around 2-3 years, hopefully, but that is looking extremely doubtful at this time.
So, should I just throw in the towel and start looking for new associate/AVP/etc. roles now that we just started the new year? Or should I stick it out for a while longer and hope things change on their own?
Both. Stick it out and collect checks until you are more sure this time of what you want to be doing. But once you actually know, pull the trigger.
Thank you. As for being more sure of what I want to do - I know what that is, I just didn't mention in the post as I was being purposefully vague.
Essentially, I came from a transaction-oriented role and now I am fairly distanced from the deal. Realized I am a deal guy and need to be closer than where I am at now.
What type of work are you doing & what type of work did you expect? You are not the first person to go into a role at a bank and find out on day 1 that it is not what you thought it was. I've seen people last 1 month and I've seen people last years.
As to culture, that does not change. Are you in a group that constantly works 60+ hours and you thought you would be in a group that works 40-45?
I would say give it a go for at least 6 months unless you find a new job that excites you. Banks have weird policies and procedures that aren't always efficient, so I think you may just not understand all of the internal jargon/tools at this time, which can be frustrating.
Appreciate the response here, answered some below
• I'm doing more review/approval type work, and then some back end stuff. Initially expected to be way closer to the transaction (reviewing draft numbers, speaking with originator, up front questions, etc.) and our group having some control over the deal itself (term sheets, stipulations, etc.)
• As for culture/group, it's quite the opposite. I expected to be working 60+ and honestly I am working no more than 40. I came from working 50+ and was ready/expecting that. I think a lot of the free time I have also affects my mental when thinking about this job.
• Your last point, 90% of the job is basically split between two functions and that's the review/approval work I mention up top. Plus this 90% builds off my prior experience, so it's not like I'm gaining a ton of additional knowledge either.
Underwriting?
More credit than anything.. very limited control until the deal is about to close
I mean credit is important, but if you think you want to go to the origination side. You can probably make the move form analyst to associate easiest.
Agreed but I am an associate now. Although I ideally just lateral to another associate role on the origination side. That’s what I think I’m going to focus my search on.
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