worthless at the beginning, but they will become very useful in the later stages of ones career. An analyst should also attend a variety of social gatherings, seminars, lunches, dinner parties, and sporting activates to make contacts, as well as to be seen by recruiters, despite the vigorous work schedule. These activities may prove to be tiresome and extremely expensive; however, they will definitely pay off later.An analyst holds a great deal of responsibly, as analysts provide the foundation for most investment decisions. However, despite all the challenges, the burnout percentage is fairly low. Only eight percent of financial analysts leave their jobs in pursuit of a career in a different field (Princeton Review). The primary reason for such a low percentage is the fact that most people know what they are getting into. They enjoy the challenges and patiently wait for the rewards. After three to five years, an analyst is usually promoted to a junior associate position.Entry as an Associate An investment banker can also attain the position of a junior associate by attaining an MBA. This approach may be less practical, since even though a business school supplies invaluable knowledge of the business world, it fails to provide real life experience. However, if a banker does not find a position of analyst appealing, getting an MBA is a good way to go. Junior associate has mostly the same duties as an analyst. Fortunately, an associate may have several analysts on his or her staff to help reduce the workload. An associates job is simple, make the boss look good (James Libman). Although the job is still tedious, the pay is improving. A first year junior associate receives between $70,000 and $125,000 a year. A junior associate must be very flexible and willing to travel. It is not uncommon to be receiving orders to fly to the other side of the planet tomorrow and to stay there indefinitely. Some of the other crucial skills f...
