![]() ![]() “It remains a demanding culture, but juniors spend a lot of time on repetitive tasks,” Rob Jones, chief operating officer at UpSlide, a business software consultant, said in a statement. David Solomon has pushed for employees to return to the office even as many junior bankers want to keep a hybrid work model. Indeed, 86% of junior bankers said they had to take days off due to the stress of their grueling responsibilities.Īnother 33% said they weren’t able to use all their vacation days because of their demanding schedules, while 72% of respondents said they were pushing to keep their hybrid work schedules amid worries of being forced to return to the office five days a week. The analysis, conducted by UpSlide, found 76% of bank analysts - first-, second- and third-year bankers - said they’d take less money for more flexible hours and more work-life balance. So, you can understand why your seniors might not love the idea of you pitching and trying to win business on your own (and its not just about comp).įocus on doing your job well, taking on the next level of responsibility, and building your network.More than three-quarters of Wall Street’s junior bankers want to quit their jobs - despite big banks hiking compensation to record levels during the pandemic, according to a new survey. If you tried to set up a one off meeting with some connect you have at a company, and you suck, its going to hurt your firms chance at future business. Keep in mind also that when you pitch, and screw up, there's opportunity cost there. Its not really compelling to hear a kid talk about how they can sell your business if its clear that they don't really know anyone who will pick up their phonecalls (no one cares that you can build a great 3fs model). Where are your connections? Do you have relationships on the company side (c suite or board) or the buyside (principal)? You need these to not only source business but actually execute deals. Winning business as a junior just isn't really feasible. So good analysts function like associates, and good associates function like VPs, etc. ![]() If you want to be considered a rockstar (which if you're saying that all you care about is being a career banker, you should), you should focus on doing your job well and then trying to do the job of the person one level above you. ![]()
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