Question for more experienced bankers, when did you start to feel comptent at your job? For example, I am 5 months in and am still making small mistakes and getting corrected, feeling like I’m putting in the work and time but still miss things, thoughts on normal progression?

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A good analyst is competent at 12 months.
You should be able to add value at the Associate level - not just churning the ‘asks,’ but helping to craft messages.
VP’s can do craft without much oversight and can handle multiple deals at once.

Each role is a stepping stone for the next. Observe the more experienced analysts, take on board all critiques. I can’t trust you to craft messaging if you can’t faultlessly convey the message I’ve crafted.

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MD1, does crafting messages include identifying the analysis that needs to be done to drive the story? What else is part of crafting messages?

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Every analyst can breakdown the business unit financials.
But I’d expect a senior associate to be able to tell the analyst what are the tail/headwinds in each business unit and why they’ve effected those areas. Describe why they’ve over/underperformed and what steps (additional targeted capex, restructuring costs, etc) they’re taking to rectify the problems or continue their industry leadership.

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Six months for complex roles

For analytical work maybe 1-2 year.

However this job evolves as you move up the ladder - as a VP now my role is more client facing and I feel like I’m on the learning curve again.

And as Md you’ll need to learn the sales skills - so yea you almost never feel fully competent until many years as a banker

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