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I dealt with the dumbest laziest analyst for nearly a year. Once I realized he's completely useless, I gave him massive databases to create which I didn't even need. He hated every minute and asked HR to move to another office 😂
I've spent the last 6 months "working" with the two worst analysts in our group. I used quotes since their "work" comprises of taking 5x too long to do work riddled with hidden land mines. So I essentially do everything and it's starting to impede my own development. Can't spend too long thinking about important points when you're redoing a factset chart...
Yeah I agree with Moelis 1. We sometimes focus on someone's shortcomings and forget that we have a responsibility to help develop. I've been on a staffed with a lower quality analyst a bunch recently. While the work still isn't acceptable, it's gotten better since I've put in some extra time for training.
Also, yeah, get really good at reviewing everything. Review "in advance" if you can...try to identify mistakes that are likely to get made in a future version, and automate or link everything you can. Keep a checklist of common mistakes and come back to them on every draft. Check every draft against previous markups in case old numbers sneak back in.
I also got a little bump with a senior banker when I was out of the office (travel for meeting) for a day, and he had to spend that day trying to turn a draft directly with the analyst...and saw first hand what I had been dealing with.
If they don't shape up they're gone. This is for non Bb. At Bb they just get staffed on profiles.
It depends on whether they're true idiots or if they just haven't been trained. If the former, give them the easy stuff to work on (profiles) and do all the rest yourself -- get ready for a bunch of all nighters. If the latter, coach them.
try to help them. tell them they are bad and need to improve. ask them how you can help them succeed. if you've done what you can do help them (within reasonable expectations) and they still don't improve, then screw them
Been staffed with a lot of the lower tier analysts and it's brutal. Understand training / developing is part of the associate role but why bother when some people just don't care
Blows my mind how they don't print and check their work. I got a profile yesterday for a company that was half target A and half target b. The business overview was for company A and the financials and news section was for company B. I was speechless