What did you to get promoted?
Incoming associate at a large LO with a ~25% promotion rate to Analyst. In my program, the associate role is basically a support role to the entire sector (analysts and PMs) and was described as essentially "university for investing."
From those that have been able to secure to promotion from associate to analyst in one of these LO programs, what are some of the things you felt you did to stand out and make that jump to Analyst?
Based on the most helpful WSO content, here are some strategies that individuals have used to stand out and secure a promotion from Associate to Analyst in large LO (Long Only) programs:
Demonstrate Exceptional Performance: Consistently deliver high-quality work and go above and beyond your role as an associate. This means not only supporting the analysts and PMs effectively but also showing initiative by bringing new ideas or insights to the table.
Build Strong Relationships: Forge strong connections with analysts and PMs. Being seen as a reliable and indispensable team member can make a significant difference when promotion opportunities arise.
Showcase Analytical Skills: Even in a support role, find opportunities to demonstrate your analytical abilities. This could involve volunteering for projects that require deep dives into data or presenting your own research findings.
Express Interest in Advancement: Communicate your desire to move up to an analyst position. Make sure your superiors are aware of your career goals so they can consider you when an opportunity comes up.
Seek Feedback and Improve: Regularly ask for feedback on your performance and show that you are actively working to address any areas of improvement. This demonstrates your commitment to personal and professional growth.
Learn Continuously: Treat the associate role as an "university for investing" by absorbing as much knowledge as possible. This learning mindset can help you develop the skills and expertise necessary to succeed as an analyst.
Take Initiative: Don't wait for tasks to be assigned to you. Proactively look for ways to contribute to the team, whether it's through streamlining processes, conducting unsolicited research, or finding ways to improve efficiency.
Be a Team Player: Collaborate well with others and be someone the team can rely on. Being a good team player can often be as important as individual achievements.
Remember, each organization may have its own specific criteria for promotion, so it's also important to understand the unique expectations and culture of your firm.
Sources: MBA vs direct promotion, https://www.wallstreetoasis.com/forum/equity-research/career-ladder-equity-research-vs-investment-banking-a-definitive-guide-part-3?customgpt=1, Incoming Associate - Advice, Q&A: Emerging markets investment analyst, Some Observations from an MD
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