Anyone else giving less and less fucks about their performance?

After almost a year at this job, the only thing I've figured out with certainty is that there is 0 chance I'll be doing this long term and I am actively looking to leave. With that being said, this has caused me to really stop caring about having a perfect work product. Dont get me wrong, im not being completely useless, but id say ive gone from giving 100% to giving 70% and it has made my life so much easier and less stressful. I've realized that with the turnover in my group, no one is getting fired. and even if i get fired, great. im leaving anyways. Anyone else have a similar thought process? If i get bottom bucket, I really do not care, i dont need the money 

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (60)

Most Helpful
Apr 20, 2021 - 5:06pm

This is just a hot take, but you should be sitting somewhere in the Middle bucket if you can output good work product and keep your head down (aka don't be a kiss ass and actively seek out work)  and I believe that this is the magic spot where you maximize compensation for effort.  

  • Analyst 1 in IB-M&A
Aug 18, 2021 - 9:29am

I wanna do this, but I also have a ton of student debt and my firm gives great bonuses. For this reason I feel like I should be gunning for the top bucket but I don't have the kiss ass in me and don't want to ruin my relationships with family, friends, gf too

Apr 20, 2021 - 5:19pm

Same. Also with how much we are understaffed, feel pretty secure with job. (Fingers crossed)

Array
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Analyst 1 in IB - Cov
Apr 21, 2021 - 12:53pm

yeah i'm not giving much of a fuck either

  • Analyst 1 in IB - Cov
Apr 21, 2021 - 1:25pm

Any tips for learning how to let go and not care so much? I think a large part of how I ended up at this job was because I cared so much about doing well. 

  • Analyst 1 in IB - Cov
Apr 21, 2021 - 9:43pm

I was the same way until I realized whether I put 100% or 50% into a projection, it's still going to show the same results and the MD's / clients are still going to get what they want. I think you just need to realize that you're the only one noticing the extra effort you put into things, especially if you're working from home.

Apr 22, 2021 - 11:19pm

Here's one, which I'd only recommend if you want to end up in the middle (i.e. you don't want to get fired but you also don't want top bucket / associate promotion): Do as much of your financial analysis as possible with a "quick and dirty" methodology. It pains me to think of all the option tranches I broke out to calculate the exact share count / market cap, revenue weighted DSOs and similarly irrelevant cash flow calculations, hours spent getting a balance sheet to balance that was off by 0.0001%, and countless other minutiae that no one cared about and literally not a soul on the planet earth could have identified as erroneous without digging into the backup. 

Apr 22, 2021 - 3:26pm

i can totally relate, for the past few months ive went from 100% effort to 20% effort. started spending time looking for a new job instead of wasting it on meaningless work @ my current job

  • Analyst 2 in IB - Cov
Apr 22, 2021 - 3:45pm

Yep, actively looking for an exit, couldn't care less about the work I'm doing.

  • Analyst 1 in IB-M&A
Apr 22, 2021 - 4:06pm

This is what all analysts should figure out. I put out a decent work product, but I don't stress over mistakes or timelines or anything like that. Meanwhile I have friends in this job who are ripping their hair out and constantly freaking out. It sounds pretty dumb when said out loud, but my advice to them is just to care less. This does not necessarily equate to a bad work product, just try your best who cares beyond that. 

  • Prospect in IB-M&A
Apr 22, 2021 - 4:11pm

I know this is about people working in IB, but I feel this as a college student as well. I used to genuinely enjoy learning for the sake of learning. At this point I don't give a shit about any of my classes. Lockdowns and Zoom University have made this an utterly demoralizing year. I can't imagine what you guys must be facing.

Edit: Sorry if I offended you guys. Just thought college students on this forum could relate to this.

  • Prospect in IB-M&A
Apr 22, 2021 - 10:41pm

Alright man, sorry. I just thought some college students on here could have related. I even added, " I can't imagine what you guys must be facing," so I'm not trying to undermine all of your suffering. Sorry for hijacking the thread I guess, should've made a new one strictly about college.

  • Prospect in IB-M&A
Jun 2, 2021 - 4:46pm

I'm not stressed. I'm just unmotivated to do anything because of how mind numbingly boring everything is. That being said, I've lost interest in IB. I'm going for tech now.

Controversial
  • VP in IB - Cov
Apr 23, 2021 - 12:12am

It's ok to be don't care much middle bucket, but tbh over the years the analyst we had who acted little too smart and took the easy path eventually fizzled out in next job(s). If you want to go be in some slower / lower paying job, it's fine. But if you think you can take your kind of don't care attitude and be successful at a competitive PE/HF or even corporate scene where competition might be fierce, you won't do too well. It's true pre or post COVID. No one wants a 70% effort guy and if you can't push now, you won't later. 

  • Analyst 1 in IB-M&A
Apr 23, 2021 - 8:57am

There's a difference between burning yourself out a coverage account because your MD/partners are trying to stuff a thousand decks a year down a client's throat and knowing when it's time to grind for something that really matters. I would argue that knowing how to differentiate between those two is what actually makes a good analyst, because the less time you spend on doing bullshit things, the more time you can actually allocate to the things that matter. 

That said, there is some value in doing those bullshit things your first year on the job for reps, so you know what is worth half-assing and what needs more focus. 

  • VP in IB - Cov
Apr 23, 2021 - 9:39am

Hard to believe - but as a first year you don't really know what matters or not. Coverage is painful and sometimes excessive but there are lot of side calls / texts or contexts you aren't aware of. There are 20 other banks competing for same business - from $20mm EBITDA to huge ones. If you are just going to chill at golf club for 5 years until client needs to do one deal, you surely won't be remembered when that day finally comes. Tbh the actual deal execution is pretty simple. VP and below and do 99%. It's winning the mandate with years of work and reputation for good work that's hard. But as a first year you have no idea and think all that matters is doing your little comps and dcf for a fairness, run VDR and push out a deal announcement. 

Apr 23, 2021 - 10:31am

My first comment was more in relation to making sure you step on the gas at the appropriate times in your career.  Making sure one model is better than finding 10 different projects to throw shit at all the time.  

  • Analyst 1 in IB - Gen
Apr 23, 2021 - 1:40pm

OP here - I have a side business I started in college that nets me 120k a year with almost no work (less than 10hrs a week to maintain). uncreative, risk averse people like you seem to think the only way to make money is to be miserable grinding away for someone else. 

  • Analyst 2 in IB - Gen
Jun 2, 2021 - 2:56pm

It's ok to be don't care much middle bucket, but tbh over the years the analyst we had who acted little too smart and took the easy path eventually fizzled out in next job(s). If you want to go be in some slower / lower paying job, it's fine. But if you think you can take your kind of don't care attitude and be successful at a competitive PE/HF or even corporate scene where competition might be fierce, you won't do too well. It's true pre or post COVID. No one wants a 70% effort guy and if you can't push now, you won't later. 

This is an extremely retarded boomerism and reading it made me want to reach through the screen and throttle you

  • Analyst 1 in HF - Macro
Sep 15, 2021 - 3:42am

There's also a difference between spending 80-100 hrs per week doing some bullshit in IB where intellectual creativity is (generally speaking) not rewarded at the analyst level (i.e. your super creative/insightful analysis means very little/nothing for the deal) and doing it at a HF where that added creativity or unique insight can be the difference between losing and making millions of dollars.

PE is probably more similar to IB in this sense, as a 1st year associate is unlikely to add any significant amounts of value to a deal.

I work 80-100 hours per week not because I have to (I could get away with much less), but because I actually love what I do and there's a direct relationship between effort/creativity put in and output.

If you're in IB, that may not be the case and it can be less motivating. I know I'm personally far less motivated to do bullshit tasks vs. researching an investment thesis (not just in terms of hours, but also genuine effort/creativity).

  • Analyst 1 in IB-M&A
Apr 23, 2021 - 1:34am

I think a lot of it has to do with the WFH environment. Before the pandemic, you never saw this kind of post on WSO. Lately I've been seeing a lot of people ranting about how they want to put in X% less effort into their work simply because they can. You don't have someone looking over your shoulder or walking past you in the office. You can take your sweet time with turns for that reason. I, myself, fall into this category. I started a new position not too long ago and was eager to learn, work hard, and be the best I could be until I realized WFH is a joke. 

  • Analyst 3+ in IB - Cov
May 17, 2021 - 8:23pm

I was killing myself this past year and got lowest bonus in my analyst class. It is not worth it. Now I'm taking my time interviewing and doing work at my own pace. Half of my team has left already. Sometimes I want them to fire me so it all ends. Just do the minimum and if you don't like where you at go somewhere else. Just know that noones cares about you at any point. We are so replaceable.

  • Analyst 2 in IB-M&A
Sep 15, 2021 - 7:29pm

What group is this? The current bank may re-allocate a few of you, but the rest may likely get downsized. 

Start looking elsewhere / reach out to the MDs that left and see if anyone will take you with them.

May 26, 2021 - 11:38pm

Maiores sit in rerum. Minima eos omnis nesciunt quaerat quibusdam occaecati qui. Deserunt ut est iure eaque.

  • Analyst 1 in IB-M&A
Jun 2, 2021 - 1:44am

Asperiores tempora sed nulla numquam et optio ad. Eos reprehenderit repellat quia ut ut quia quis. Ut natus illo voluptatem sint placeat.

Praesentium aliquam est culpa delectus deleniti voluptatem a. Aliquam ut mollitia reiciendis esse in laudantium sint.

Molestiae impedit aut recusandae placeat suscipit et. Corrupti sunt et velit culpa. Sunt aliquam eaque maxime sapiente in est alias voluptas. Molestiae ex dolorem aliquid in suscipit. Et animi culpa illo aspernatur et laudantium. Quam rerum distinctio totam veniam ut omnis. Libero laudantium suscipit voluptas quisquam deleniti itaque.

  • Analyst 1 in IB - Cov
Sep 2, 2021 - 4:03am

Facilis eligendi aut accusamus excepturi sit. Id id odio magni iusto aliquam labore voluptas. Veniam assumenda non et. Eaque et doloribus eaque cumque quo eum. Omnis molestias in assumenda. Qui corrupti asperiores et in veritatis. Illum repellendus dolorem consequatur illo consectetur.

Sed voluptatem quam fugiat sit et molestiae. Voluptatem sed quia dolorem perspiciatis dolor.

Consequatur excepturi id voluptatibus enim dolor porro. Consequatur aliquam eaque autem voluptas dolorem. Rerum incidunt hic magni rerum.

Et illo ut ipsa nulla qui dolorem. Laudantium sed qui omnis recusandae ut accusamus qui. Harum itaque reiciendis expedita. Architecto sed error sed quaerat vel iure dolores occaecati.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (228) $232
  • 2nd Year Analyst (137) $154
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (499) $135
  • Intern/Summer Analyst (385) $83