1st yr DCM analyst advice
Hi all senior monkeys,
started my BB Dcm analyst couple months ago in HK, but was staffed in China team though my Chinese is not good enough for their standards.
so I am staffed with Korean team stationed in korea and helping basic adhocs here and there but not looped to any deals from Hk team?..
Will i get laid off in a year going forward like this? Honestly have no clue how to position for myself given I so luckily landed an offer but now have no real involvement with my actual team due to language barrier and scared I will have no one to evaluate my performance here?..
+we already have 3analysts on my team including myself so barely enough work for these two..
Navigating your first year as a DCM analyst in a BB, especially in a complex market like Hong Kong and being assigned to a team outside your initial scope due to language barriers, can indeed present a unique set of challenges. Here are some strategies and insights to consider, drawing from the collective wisdom of the WSO community:
Proactive Communication: Reach out to your manager or team lead in Hong Kong and express your concerns regarding your current role and involvement. It's crucial to communicate your eagerness to contribute more significantly and your willingness to overcome any language barriers or other obstacles.
Language Skills Improvement: Given the emphasis on Mandarin in the Hong Kong market, as highlighted in the WSO discussions, consider taking proactive steps to improve your Chinese language skills. Even basic proficiency can significantly enhance your ability to contribute to the team and interact with clients.
Seek Mentorship: Find a mentor within the bank, preferably someone who has navigated similar challenges or has a strong understanding of the dynamics within the DCM space in Hong Kong and China. Their guidance can be invaluable in helping you strategize your career path and improve your visibility within the team.
Leverage Your Unique Position: Being staffed with the Korean team provides a unique opportunity to develop a niche expertise that could be valuable to your firm. Focus on excelling in your current role, building strong relationships with your Korean team, and demonstrating how your work can complement the broader objectives of the Hong Kong team.
Networking and Visibility: Increase your visibility within the firm by participating in internal events, training sessions, and other networking opportunities. Building a broad network can open up new avenues for involvement in deals and projects, even beyond your immediate team.
Performance Evaluation Concerns: Address your concerns about performance evaluation directly with your supervisor. Discuss setting clear, achievable goals and regular check-ins to ensure you're on track and your contributions are recognized.
Prepare for All Outcomes: While it's essential to remain positive and proactive, also prepare for all possible outcomes, including the possibility of being laid off. This means keeping your resume updated, networking within and outside your current firm, and staying informed about opportunities in the market.
Remember, the first year is often the most challenging, but it's also a time filled with opportunities for learning and growth. Your situation, while difficult, can serve as a catalyst for developing resilience, adaptability, and a unique skill set that sets you apart in the competitive world of investment banking.
Sources: Cannot do another year in IB....my life has already completely faded away and I am in a quite dark place., Analysts who speak very poor English, What you need to know about IBD in Asia, How’s working in Hong Kong?, Q&A: 2nd Year Analyst at McKinsey in Europe
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