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Young analyst just got fired

ginlimetonic

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Hi SF,

Really depressed to report I've got 1 month towards dismissal, having been in this role for 1 year. Conduct not an issue, but my boss not satisfied with the outcomes on a specific project i've been working on-numerous errors. These errors are a result of my approach of thinking through the problem, implementation and self review.

The past 6 weeks have been informal checkpoint sessions to correct this, and I have seen improvement in my approach to problems, but the outcome still shitty. They know there's plenty of tasks I have perfect outcome-familiar tasks, but there's a skill set mismatch as the job requires someone who can achieve robust outcomes in unfamiliar projects.

I've finished 3 levels of CFA, have good technical skills in excel and VBA, but apparently a shitty analyst. I'm young (24), male. There is another of these checkpoint sessions in 2 weeks, to review performance, and another 2 weeks will be decision on dismissal. i.e. I have one month, the required notification period for dismissal, which boss has been strongly hinting to reconsider my career in this field.

A friend hinted 3 ways for me to go: i'm leaning towards 2 & 3
1) work for a massive turnaround and still get laid off.
2) work for a massive turnaround this goes away (unlikely given boss hinting about career direction)
3) looking for a new job using contacts, and recruitment websites.

I'm feeling pretty shitty from time to time.. SF help?
 

Mark from Plano

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It's always easier to find a job when you have a job.

I'd work on #2 and #3 at the same time.
 

Hannerhan

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Originally Posted by Mark from Plano
It's always easier to find a job when you have a job.

I'd work on #2 and #3 at the same time.


Agree 100%, to the point where I would even try to talk the boss into keeping you on longer at lower pay if necessary, while you're looking (if he does have the conversation wtih you at some point that it's over).

Sorry to hear this, but if you managed to pass all 3 levels of the CFA by the time you're 24, I can't just conclude that you're a shitty analyst. You might thrive in other environments.
 

SField

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Agree with 2 and 3. #2 will be a good learning experience and will most likely yield a strong reference and new found respect from your boss, who despite firing you knows that you're a competent person simply in the wrong field. No matter what happens in a month, #2 is the only option.
 

TRINI

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#3
 

olualbert

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The notion that someone has to work under these circumstances is mind boggling to me....I cant imagine...
 

Star

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I think a good pick me up analogy is to compare yourself to a professional sports star in a team sport. Many top sportsman either bombed out early in his or her career or when they made the wrong transfer to the wrong club. They bombed out not because they were 'shitty but because the 'team' was not right. Not a reflection on the player rather it just maybe did not work out.

From your bosses perspective he has to make a decision on the 'now' and what he sees to be the issue. It is a decision you too may have to make later in your career.
 

Islander

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The early years (investment banking especially, if that's what you're doing) can be like musical chairs, so don't get too down on yourself. You sound pretty self-aware, which is a good thing. Stay positive and work with your current employer to the extent possible to find a better fit for your specific skill set.

Good luck and stay positive.
 

leftover_salmon

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Combination of #2 and #3, with more focus on #3...no offense, but it takes quite a bit for an analyst to be fired purely for poor quality of work.
 

scientific

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OP can you give more detail on what kind of project and why your results are bad? curious
 

Rugger

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stop whining, being depressed and get your shit together. After that if you get fired it's because you should get fired. Not everyone can be successful...that's life. Whether or not you're successful is on your shoulders..and that's how the cookie crumbles.
 

thinksimple

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Originally Posted by Rugger
stop whining, being depressed and get your shit together. After that if you get fired it's because you should get fired. Not everyone can be successful...that's life. Whether or not you're successful is on your shoulders..and that's how the cookie crumbles.

Thanks for quite possibly the most useless piece of advice one could give to this guy. He's taking onus for the situation he's in, and you contradicted yourself by saying that not everyone can be successful, yet success is of their own efforts. Anybody can find success, it's just a matter of hard work, focus, and a little bit of dumb luck.
 

marg

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takes a while to learn what you're good at. take this in stride, and use it to know what you should avoid. i moved from a relationship management role into a career-building role that i am not particularly skilled at right now. it really sucks, but i now know what doesn't work for me.

how was your approach incorrect? what did you do?
 

Clairborn

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Originally Posted by ginlimetonic
Hi SF,

Really depressed to report I've got 1 month towards dismissal, having been in this role for 1 year.


Industry you work in and city?
 

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