Workload Difference Between 1st and 2nd Year Analysts?

Is there a major workload difference between an analyst in their first year and one in their second year? I always thought they were relatively the same, with the 2nd year person sometimes getting more work because they know how to do things already.

Comments (2)

Best Response
Mar 8, 2017

@bell_hk_sig", it depends on the bank that you are at and whether or not your bank double-staffs deals (i.e. puts two analysts on a deal). When I was in banking, there was little difference between the workload of a first- and second-year analyst because we were a lean MM and only put one analyst on a deal. This resulted in a negligible difference in the hours worked by first- and second-year analysts. This might be different at larger banks, but judging from my friends and those who I know who worked at BBs, this is not usually the case.

The main advantage of being a second-year analyst is that the first years are the ones usually stuck with the grunt work. When I was a second-year analyst, I never spread comps, never updated our precedent transactions list, never assembled PIBs, etc. That being said, the quality of work expected from a second-year analyst is much higher. Basic mistakes are no longer acceptable and everything that is less than perfect is viewed as a failure. No one holds your hand any longer.

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Mar 8, 2017
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