Can anyone please explain how promotions work as an analyst? 2.5 years analyst programme, bonus is paid in Winter and promotions announced in January.
If I start in July will I be an analyst 1 for 6 months and then get promoted to analyst 2 (with salary increase) after only 6 months?
| +160 | How to stop feeling like shit for not making it in IB? | 58 | 1h | |
| +117 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 1s | |
| +83 | Updated LA Banking Scene (2024) | 60 | 55m | |
| +39 | Ranking banks that went under | 22 | 13m | |
| +37 | Burnt Out M&A ASO | 19 | 2s | |
| +35 | Relevance of A-Levels for U.K. London recruiting | 24 | 1h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 22h | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hey TripleA_Rated, sorry about the delay, but are any of these useful:
More suggestions...
Hope that helps.
bump
bump
Typically analysts are just on a 2Q fiscal year; if you get to associate you'll get a stub bonus that put you on the big boy payment cycle.
Are all analysts at the same "level"? (Originally Posted: 05/12/2010)
What's the position of most banks with regard to seniority, if any, of 1st year analyst vs. 2nd or 3rd year analysts. Is it common for the 1st year analyst (when no interns are around) to get all the grunt work while the more experienced analysts pass it along?
For example, is it acceptable/normal for a 3rd year analyst to be working on a project/deal and to delegate tasks they don't want to complete (i.e. performing research, collecting data, etc.) to a 1st year analyst, or are all analysts on the same page until someone gets promoted?
No, it is never OK for an analyst to staff another analyst. Generally speaking, the only time you'll find two analysts from the same project working on a deal is when a 2nd year is about to leave and they need to transition another analyst onto a project.
3rd years get better work than 2nd years who get better work than 1st years. This, again, is just a generality. 3rd years are not exempt from the shittiest grunt work. However, their responsibilities and work do tend to be higher level than those of a 1st year.
2nd and 3rd years get to have their way with first years and interns.
Quo fugit quae vero vel nisi et sit. Qui voluptas corrupti eos quia in ut. Eligendi amet quia molestiae minima repellendus qui quod. Sed illo id eligendi veritatis aspernatur cumque. Veritatis sint molestiae earum distinctio.
Saepe voluptas qui suscipit illum dolor totam. Quia ut id tempora temporibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...