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Really? All of your Analysts are garbage. Sounds like there's a common denominator here
"There are no bad teams, only bad leaders."
Such biased opinions here, in my opinion and experience these cases are usually like this:
Poor management of resources by management: Rather than providing reasonable deadlines and making them stick, as well as thinking of head potential requirements, Associates and VPs work myopically and drop things on Analysts desks with short artificial deadlines. Analysts, knowing they will get back the same thing four other times no matter how good of a job they do, slack off, and also rush because the deadlines were made so tight due to poor project management.
Poor analyst communication: analysts rarely manage up out of fear and communicate their work stream to managers. "Your" analyst has about 5 other vps or associates trying to drop last second rush jobs on their desk and tries to rush them all to get them done in time when half could be reassigned and delayed.
In my experience these poor management techniques effect every organization, but particularly in IBD where egos and bureaucracy are large
Are you asking them directly or through a shitty associate?
You have us making pitch books and tweaking models, it's not like we aren't doing anything we're not told to do.
Hire me, I got your back.
^exactly GS1.
^^based on those numbers, it should be a realistic goal to find one decent, "coachable" analyst
Hey y'all, thanks for the feedback. I'm in FIG and things have been quite busy for my group. I'd agree that there is generally too much emphasis on getting things done, and not enough on development. I'll think about this.
@Associate1 how can an analyst work fast and avoid errors? Lol its a hard balance man.
@Associate1 your speed disappears when you have double and triple check things
Slow and accurate is extremely rare. It's usually smart and fast but careless, or slow and crappy. Slow and accurate would be fine as long as they were slow due to checking and not due to long coffee breaks.
Lol we need coffee to focus @Associate1
40 pct of M&A analysts are shit. 20pct are passable. The other 40 pct will leave for hedge funds and private equity. But all of them have gone to Oxbridge, have 7 As at A level and completed 3 Ibd internships before joining. It's very odd
Plug in the IV
@PEAssociate1 thats very true..
I find too many stakeholders usually all with different (or changing) views and requirements is an issue and too much is rushed resulting in errors. There needs to be someone in control as well with a clear plan and objective of what we're trying to achieve. I find the urgency often unnecessary. Timely, yes, but a little extra time allowing a thorough job usually results in better outcome.
I understand things are stressful and you're trying to juggle a million things but just tell your analysts exactly how you want things done. And try to set aside time for feedback on helping them develop and not make errors. We're all humans and need to be more compassionate. @VPOP
In my mid year review I was told to speed things up but also take the extra 10 minutes to check work again... I'm so confused
@VP what are seeking in your analysts? What makes a good analyst? What group are you in btw?