How high should I sit the bar?
Hello everyone. After contemplating my offers for quite a long, long time, I took a training programme in a top AM firm in London (approx. $1T AUM). I will sit for an "extended internship" for 6 months first before taking regular trainee tasks (I also don't know about this, never spotted it when stalking linkedin. Weird), with promotion to analyst guaranteed for good performers. Note that I rejected sell-side ER to be here.
I'm just too anxious about what I should expect in terms of my knowledge and skills relative to my future colleagues. I passed CFA L1 and studied for L2 thoroughly. I've had wide exposure to buy-side clients when I was doing valuation. I read dickthesellsider's library almost in full. I do have a good market insight overall and am always looking at what's new from professional money managers. I'm just fretting the possibility of being a shitty ignorant employee in general. I know people at LO AM are extremely knowledgeable, but to what extent? Those in the field, what should I expect?
Sorry if this sounds ridiculous. Just wanted to get it out of my head.
Chill out. They do not expect you to come in as an aficionado. You seem to have done a lot of prep already. Being an ignorant employee is almost unavoidable for your first few months in a new job, especially in AM - everyone knows and expects this. They want to see how you develop, not necessarily how you start.
Bingo. You're going to effectively be a cost center and not a revenue generator for the first six months. They know this, and you should too. That's exactly why they're going to have you go through that probationary/break-in program first. You landed a spot there. You're not having to play to win, so deep breath. You're in the seat now so let that anxiety go and just focus on meeting the goals of those next six months. Accept that you're not going to know it all from day one as much as you want to (it's actually a great spin of an answer to the "what's your one weakness/concern about this position?" question). I'd be more concerned about someone fresh coming in thinking they know more than they do and making harmful mistakes than someone that didn't get something done because they simply haven't ever done it before and didn't know what they were doing.
What is this?
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