What if you're fired as an Analyst?

Subscribe

I am currently anxious that I will either be let go or pushed out come promotion time due to my firms "up or out" culture and the team being overstaffed with Associates.

Is being fired / pushed out at the Analyst level a death sentence in the industry? Should I begin looking to lateral now? Any advice is appreciated.

Comments (15)

 
Sep 24, 2019 - 12:10am

No, just because you fired or replace doesn't mean it's the end of your career. You keep your head up and apply for other places. The job/career might change but your character and knowledge won't.

"It's okay, I'll see you on the other side"
 
  • Analyst 2 in IB - Ind
Sep 24, 2019 - 1:52am

I'd advise checking in with your senior team members and asking for feedback on your performance. If you're a second year analyst, reflect on your yearly review and work hard to make sure you're improving. Ultimately though, it's important to have an honest conversation with people to see if you're on the right track for an Associate promotion. Their answer should easily let you know what your next steps should be.

 
Sep 24, 2019 - 11:50am

I was not promoted to Associate because I had "to ask to consider to be promoted" having transitioned from another group that was disbanded about halfway through my tenure. I didn't really want to stay on and naively didn't want to ask the MDs to whom I was close to go out on a limb for me only for me to turn around and leave. However, I got good reviews and bonuses and had strong references. I got a new job 6 weeks after my analyst program ended and started before many of my former colleagues with jobs lined up already were starting theres. The lesson from that would just be to get your ducks in a row and make sure you have a good narrative plus support from your current employer in finding your next role. Even if they don't promote you, they will probably be supportive to keep morale intact among the next class of Analysts.

 
Most Helpful
Sep 24, 2019 - 1:15pm

For people not in banking, I always try to explain it to them like its the NFL, but for finance.

Think about it like this, it's always "next man up" in both scenarios, and sometimes guys get cut who can still play. Realize that, if you're good at what you do, you will get picked up by someone else as long as you keep hustling.

However, in both scenarios, it's not only about skill but temperament. Plenty of guys in the NFL can play ball, but they can't show up on time, watch film, or understand plays. Same with banking.

 
Sep 30, 2019 - 12:48am

Feel like I may be headed that way. I do cryo on my fingers as part of my recovery regimen, left my hands in the chamber too long, and circumcised my fingers.

Also, I sent a series of threatening text messages to a failed gymnast who lives at her mother's house w/ her mom. Bitch doesn't know about a come up and was trying to fuck w/ mine.

Array
Start Discussion

Total Avg Compensation

September 2020 Investment Banking

  • Director/MD (17) $704
  • Vice President (45) $323
  • Associates (255) $228
  • 3rd+ Year Analyst (37) $203
  • 2nd Year Analyst (141) $153
  • Intern/Summer Associate (133) $141
  • 1st Year Analyst (561) $129
  • Intern/Summer Analyst (544) $82

Leaderboard See all

1
Jamoldo's picture
Jamoldo
98.3
2
LonLonMilk's picture
LonLonMilk
98.3
3
Secyh62's picture
Secyh62
98.2
4
CompBanker's picture
CompBanker
97.8
5
Addinator's picture
Addinator
97.6
6
redever's picture
redever
97.6
7
Edifice's picture
Edifice
97.6
8
frgna's picture
frgna
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
bolo up's picture
bolo up
97.4