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But I would say "more often than you expect but less than what you deserve." I paid attention to this more in my first year but after awhile it stops being meaningful, now I just focus on getting things done as quickly as possible.
And yeah they will always complain about something... formatting errors are especially popular to complain about. You did everything right and ran some model the Associate didn't even understand but if that pixel is off, it's all for nothing.
But hey if we wanted other people to appreciate us, we wouldn't be in banking in the first place. :)
when you get your bonus. Try to distance yourself from needing praise/confirmation of your abilities. It is better to be as emotionally detached as possible both when you do well and do badly as odds are even when you do well you'll make some tiny mistake and cop a bollocking for that.
I was talking with someone about this last night.
Although we're in different fields, we have younger analysts working for us in our groups:
We're both older Gen-Y people at the Associate level. Although we agree that feedback is needed, our younger analysts tend to e-mail us less than 24 hours asking why the VPs haven't gotten back to them with feedback about their projects. I mention that no news is good news and to get a grip.
The other person's analyst cannot take direct criticism and tends to pass along research to the MD with a "where's my gold medal" face and skips the Associate (who can quickly find all the stupid little mistakes that make this person's work crappy). Needless to say, all criticism goes to the Associate and it's frustrating when an eager analyst thinks that his/her work is tip-top without having another set of eyes look at it first.
Don't get me wrong, I always like to praise good and thorough work but I don't get paid to let stuff slide.
Older folks here, any similar experiences/thoughts?
I completely agree with Dosk. Have zero expectations about feedback. I generally only expect some feedback when I absolutely go through the wall on a major project. It's nice getting a "good job" after a string of all nighters.
Get your work done quickly without mistakes, and your associates will speak highly of you to their superiors. The feedback that you never hear is the most valuable.
Wouldn't it be a bad idea to tell someone they did a "good job" on wall street? I feel like that could make the compliment receiver arrogant/reckless during later assignments.
As in: "He said I did a good job! I must be awesome! I can do anything!"
telling someone who's good at the high jump they did great and them thinking "Oh, maybe now I can fly." (Sorry poor analogy, but must say that's the first time I've ever heard that one!)
The sense of paranoia and concern that the sheer weight of work to do often leads to dread that you've missed something.
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