Help a First Year Overcome mistakes

Hey guys,

I am currently a first year analyst and need some advise from some of my elders.
For the first few months of the job I made some mistakes, mistakes I thought were just first year mistakes. These include not repagenating PPT presentations, missing a comment or two from a VP, and not showing enough confidence when I brought my work to associates and VPs to explain. Some of these errors had gotten to the VP level because my associate was too lazy to check them.(I also assume my associate threw me under the bus when he discusses the work with the VP). Furthermore I was thrown into all these deals with no one explaining anything to me because the previous analyst left to a PE shop and the associate didn't know what was flying when I started. Now my Associate does't give me any modeling work to do, or on some days, any work at all, he does it instead and I am very afraid this will continue and I will learn nothing. My group isn't so big that the next deal l work on will be with other guys so I'm stuck working with these guys. What can I do to improve my situation? How can i generate better work for myself? Any advice on the politics?

Appreciate the help.

 
Best Response

Do the crappy bitch work but do it right. Any comments you get, use a highlighter to mark off the comment. Double and triple check assignments. After a week or two of acing the bitch work ask for a bigger assignment and show them they can trust you. If that fails, be frank with the associate and let him know you had a rough start but that you're focusing on the details and making a greater effort. Ask him to give you an assignment to let him build confidence in you. Make sure that you also ask questions and be engaged.

 

Like Alpha said, do the, small, annoying bitch work stuff perfect, and lighting fast. Repeat this over and over. You're not going to change to banks standing on Wallstreet via your incredible modeling skills, no matter how hard you try, so get that out of your head. My old bank typically didn't let first years even touch a model until they were at least 6 months to 1 year in. Just do what your told, be super attentive to your BB going off, and make sure you are asking plenty of questions. If you're not asking good, relavent questions consistently, people think you either: a) already know everything you need to know (which you don't) b) aren't paying enough attention. Kissing ass also helps, not even kidding about that last one.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 

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