I'm working with a rather large alternative asset manager in Boston - no glamour in the name, but still a pretty good place to be summer before junior year (semi target in chicago). Today, I got absolutely reamed by my effective boss (junior PM) because apparently I told the senior PM in another division (RE) that I'd like to be put on some meetings because I'd like to learn more about RE. Here is the conversation that ensued.
"Did you tell [RE senior PM] that you were bored? ...I hope you know that makes me look really bad"
To clarify, at no point did I say I was bored, or something that even slightly resembles that.
"No, absolutely not, just said I wanted to be on a few more meetings since I'm interested in RE and don't get much manager exposure. I figured it was okay since I do it with [my division's senior PM] all the time."
"Listen, I don't have a problem with you being on meetings, but, you're struggling with some tasks I've already given you. I just don't see why they're taking you that long. Like, this bond analysis* and this portfolio database**, you haven't been growing thefast enough -- I mean it really shouldn't take you that long."
"Well, I just like reading through all the books and actually understanding them fully before I'm done with them. And I'm waiting on Craig from MS to walk me through his model and explain to me some of the bond calculations."
"Okay, but listen, it's just not going at the speed I'd like it to be. No more calls or meetings until you're finished with these things. You should be at like, 55 books by now, but you're at --"
"36, I'm working on the ones you gave me this week as well."
"And the bond analysis?"
"I'll speak with Craig and get back to you with all the changes."
"Alright, let's talk when you do that."
*basically, he wants me to do a company analysis on this bond that they have a small stake in. Every time I send him my report he makes edits and sends them back to me, and I make the changes. But, as I do more and more, it seems like he just wants my report to be a sell-side research report. I mean, he's encouraging me to reach out to sell-side & IR analysts.
**Every single pitch book this department has ever gotten, I'm compiling into a database that gives rundowns on past funds/returns, fees, size, geographic location, and other inputs. It's just getting to the point to where it's repetitive AF. Idk, to me it seems like a running project but today he really let me know that he wants it done asap. I mean, they probably have several hundred pitchbooks-- I'll be doing it until my very last day this summer, what is the point?? I'm being asked to go through them quickly enough that I can't really spend any quality time learning, so it's basically just data entry.
SO, I feel like absolute shit. I like all the things I'm learning in AM and trust me, I don't have a shitty work ethic, but honestly the work I'm doing is absolute shit. Or at least, it seems that way to me. Am I being ridiculous and I should just keep working harder? I mean, he seems pretty fed up, can I even change his opinion of me? Now, not only does he probably think I'm slow/lazy/incompetent, but also sneaky by going behind his back. I feel like I'm stuck, no matter what I do. I'm working crazy hard for this guy who is just constantly displeased, while also taking a summer class and networking my ass off in my spare time to land something in IB/PE next summer. It'd be really nice to have him in my corner as a reference, but it's getting to the point where I literally cannot stand him as a human being -- he talks shit about every other department, the other junior analyst in our division, and sucks up so hard to our senior PM. How do you deal with a person like that, as an intern, who might have a huge say in your future?