In town halls the firm liked to boast there were 370 new hires in 2021 but what they don't tell you is over 300 people left. They cannot stop the bleeding- staff continue to leave and they throw money at new hires, who can't keep their heads above water as the groups they have just joined are understaffed and the cycle continues. Terrible GL accounting platform, waaay too many manual processes ( for some PCAPs the PnL is allocated and input MANUALLY into the PDFs) and the training program for new hires is almost nonexistent- you are essentially given 4 hours of very light training then let loose to figure things out on your own.
Excel files are a disaster: hard- coded numbers all over the place, allocations are not intuitive so extremely hard to just "figure it out"; screen shots in tabs with no explanations or comments.
Long hours are expected at admin firms during NAV cycles but no reason why I should be working until 1 AM because I need to manipulate a PDF or manually produce capital call notices when they should have been system- generated.
Toxic work environment: One of the directors who was "peer- training" me was never available to field questions or guide me (never replied to Microsoft Teams chats or phone calls), and then when she was available was condescending and unprofessional. She was ultimately promoted to Principal- have no idea how...
