I worked for this guy in investment banking…
He was a great guy, very smart. I learned a ton from him.
But no matter how precise the model or how perfect the slide deck, he would have tons of comments.
This is normal for investment banking. Analysts work for Associates working for VPs working for MDs.
Everyone has to prove their value by having something to say.
Anyway, this particular guy would bleed all over everything (back when you actually printed the slides and he marked it up with red ink).
I would slave away for hours and hours- work nights and weekends- only to spend the next week making endless edits.
Some of you are thinking “this is the game.” Yeah, but it had negative consequences.
First, it’s just demoralizing. Invert it. Imagine I showed up and he said “looks great.” That would have felt amazing. So the opposite eventually just wears you down.
Second, you quit trying as hard. What’s the point? Whether I take my work product to 99% or 80% or 60%, it will be unrecognizable after the edits anyway.
I’m not saying I made an intentional decision to slack off, but I’m sure it happened. I was demoralized.
Lesson from all that is- know when to keep your mouth shut.
Obviously sometimes you need to edit.
But you don’t always prove your value by making edits. Often, you just prove your position.
Every associate knows this but somehow forgets when they become an MD.
And btw, let your people fail. Ask them do something and pass it along. Let them own the result, especially when the stakes are low. They will appreciate your vote of confidence and learn a ton.