What is a Stub Associate?
Considering this is my first post and I'm still trying to figure out my vibe, I'll spare you the fluff of defining an investment banker and focus on the junior banker roles:
Analyst- most people are familiar with this role. Kids join investment banks after graduating from an undergraduate degree program and typically spend 2 years grinding on models and decks before heading off to the greener (?!) pastures of private equity and venture capital. Depending on firm, analyst programs last around 2.5 - 3 years before an analyst can be promoted to associate - this rarely happens as most analysts leave promptly after 2 sleep-deprived years
Associate - mostly consists of people like myself, MBA graduates who decide that they want to subject themselves to the misery of a career where you work 80 hour weeks. Depends on firm, but generally after 3 years, associates are promoted to VPs and escape the title of 'junior' banker
*Stub Associates aka StubAssos / StubAsos / Asso0s are referred to as such because MBA graduates join their respective firms mid-year (usually July / August), but the bonus cycle at every bank operates on a calendar year, so you (hopefully) receive your bonus compensation for a partial aka stub year. Arguably, you're also a stub because you are joining mid-year so your knowledge base is essentially zero (let's be real, analysts run circles around most associates even in their 2nd or 3rd year)