Comments on: No 3rd Year Offer/No Associate Promotion – Big Problem? What Happens Career Wise, Reputation Wise and More? http://www.bankonbanking.com/2010/01/31/no-3rd-year-offerno-associate-promotion-%e2%80%93-big-problem-what-happens-career-wise-reputation-wise-etc/ Ins & Outs...Tips & Tricks...Strategy - Break into Investment Banking and Thrive Sun, 11 Sep 2011 15:38:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: IBanker http://www.bankonbanking.com/2010/01/31/no-3rd-year-offerno-associate-promotion-%e2%80%93-big-problem-what-happens-career-wise-reputation-wise-etc/comment-page-1/#comment-2443 IBanker Thu, 23 Sep 2010 22:47:29 +0000 http://www.bankonbanking.com/?p=753#comment-2443 That really depends. If you are asking whether you can get promoted to associate at BB1 after working for 1 year as an analyst at BB1, the answer is no. Moving from BB1 to BB2, the answer is still, the vast majority of the time, a no. However, if you are moving from BB1 to a small boutique, P/E shop, V/C,etc, then it really depends on the position available. If they like your resume and interview you for an associate op, then sure, it is possible - in that case there isn't a "class" that they are looking at necessarily to keep you in. With BBs, however, if you are a 1st year going into 2nd, you won't be interviewing for associate opps, you'll be interviewing for 2nd year opps. That really depends. If you are asking whether you can get promoted to associate at BB1 after working for 1 year as an analyst at BB1, the answer is no. Moving from BB1 to BB2, the answer is still, the vast majority of the time, a no. However, if you are moving from BB1 to a small boutique, P/E shop, V/C,etc, then it really depends on the position available. If they like your resume and interview you for an associate op, then sure, it is possible – in that case there isn’t a “class” that they are looking at necessarily to keep you in. With BBs, however, if you are a 1st year going into 2nd, you won’t be interviewing for associate opps, you’ll be interviewing for 2nd year opps.

]]> By: shajeel http://www.bankonbanking.com/2010/01/31/no-3rd-year-offerno-associate-promotion-%e2%80%93-big-problem-what-happens-career-wise-reputation-wise-etc/comment-page-1/#comment-2436 shajeel Thu, 23 Sep 2010 11:38:39 +0000 http://www.bankonbanking.com/?p=753#comment-2436 Can you get promoted to associate after one year as an analyst? That is if you work really hard (i know all i-bankers put in about 18 hrs a day - but even harder than them), do alot of networking, have connections in the right places and keep the bosses very happy. So is it possible to get promoted to an associate after just one year, if you do all the right things; or are there fixed timings fo promotion. Can you get promoted to associate after one year as an analyst? That is if you work really hard (i know all i-bankers put in about 18 hrs a day – but even harder than them), do alot of networking, have connections in the right places and keep the bosses very happy. So is it possible to get promoted to an associate after just one year, if you do all the right things; or are there fixed timings fo promotion.

]]> By: IBanker http://www.bankonbanking.com/2010/01/31/no-3rd-year-offerno-associate-promotion-%e2%80%93-big-problem-what-happens-career-wise-reputation-wise-etc/comment-page-1/#comment-1287 IBanker Sun, 07 Feb 2010 16:59:39 +0000 http://www.bankonbanking.com/?p=753#comment-1287 The analyst to associate promotion generally occurs after your 3rd year as an analyst. The path is: 2-year analyst program to 3rd year offer as an analyst to associate promotion. While banks are starting to ramp up, as a 1st year analyst you will not be jumped ahead of 2nd and 3rd year analysts and be promoted. I wouldn't say that 3 months is like 2 years, but I'd definitely say you will work your tail off and can definitely work like 3+ years of experience in 2 years. By your 2nd year, bankers know who is strong and who isn't, and your rankings will generally tell whether you can expect a 3rd year offer and then potentially an associate promotion. I hope this answered your question. The analyst to associate promotion generally occurs after your 3rd year as an analyst. The path is: 2-year analyst program to 3rd year offer as an analyst to associate promotion. While banks are starting to ramp up, as a 1st year analyst you will not be jumped ahead of 2nd and 3rd year analysts and be promoted. I wouldn’t say that 3 months is like 2 years, but I’d definitely say you will work your tail off and can definitely work like 3+ years of experience in 2 years. By your 2nd year, bankers know who is strong and who isn’t, and your rankings will generally tell whether you can expect a 3rd year offer and then potentially an associate promotion. I hope this answered your question.

]]> By: brad cris http://www.bankonbanking.com/2010/01/31/no-3rd-year-offerno-associate-promotion-%e2%80%93-big-problem-what-happens-career-wise-reputation-wise-etc/comment-page-1/#comment-1279 brad cris Sun, 07 Feb 2010 05:13:34 +0000 http://www.bankonbanking.com/?p=753#comment-1279 if you are starting in a group now, when are promotions and can you expect (given that you are top performer) that you will be promoted in the next cycle or will one get an extra year in at their level of hiring (associate/analyst) - this is question I ask because banks are starting to ramp up again and we all know that 3 months in these jobs is like 2 years in others :) Thanks in advance! if you are starting in a group now, when are promotions and can you expect (given that you are top performer) that you will be promoted in the next cycle or will one get an extra year in at their level of hiring (associate/analyst) – this is question I ask because banks are starting to ramp up again and we all know that 3 months in these jobs is like 2 years in others :)

Thanks in advance!

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