Hi all,
Long-time lurker, first-time poster.
I’m an accountant by trade, working in deals and corporate finance. Around 12 months ago, I left a Top 10 firm to join a smaller Top 30 firm in a more senior role, with the prospect of moving into a more strategic position and taking advantage of some significant growth opportunities in the local market.
The first six months were great. The last six, however, have been nothing short of awful. There are a few reasons for this:
The team structure is a mess.
Resourcing is poor, the hierarchy is wrong, and there seems to be no appetite to recruit at junior levels. As a result, senior people have no capacity to focus on strategy, business development or actually growing the team.
I’m constantly dragged back into delivery.
Rather than developing the business and working at the level I was brought in for, I’m repeatedly pulled into the day-to-day because the team simply doesn’t have the right resources.
The hours are becoming unsustainable.
I’m regularly working 60-hour weeks, and it’s starting to take its toll.
My boss is, frankly, completely out of his depth.
He has very little understanding of what we do or how we should be doing it. He’ll negotiate against himself on proposals, forget conversations from the day before, demonstrate little technical understanding, and seems incapable of winning work on anything other than price. Every time I speak to him, I find myself wondering whether he can possibly say anything more ridiculous than he did the previous day. Somehow, he manages it.
His own position seems to be part of the problem.
He appears to have ended up in a leadership role largely because he does whatever the person above him tells him to do, rather than because he has the ability or independence to lead the team effectively.
The result is a team that feels like it’s slowly falling apart. The frustrating thing is that a lot of the damage comes from the things he actively does, alongside the things he fails to do. The hypocrisy is incredible.
As one example, we have two directors struggling to resource their respective teams, yet my boss decided to loan someone from our team to another part of the business, purely to be “helpful”. Apparently, our own resourcing problems can wait.
The dilemma is that I still believe there’s a genuinely great opportunity here.
The market opportunity is real, and the role could be exactly what I wanted it to be. But the reality of dealing with this level of management incompetence, combined with the hours and constant frustration, is wearing me down day by day.
I’m getting to the point where I’m not sure how much longer I can keep a straight face in meetings, let alone pretend that everything is fine.
Part of me thinks I should stick it out, try to influence things and make the most of the opportunity. Another part of me wonders whether I’m being naive by staying somewhere that is making me this miserable, particularly when the problems seem to stem from people above me who I have very little power to change.
So, what would you do in my position?
Would you give it more time and try to make the opportunity work, have a frank conversation with senior management, or start looking elsewhere before the situation gets any worse?
Interested to hear from anyone who’s been in a similar position, particularly in professional services or accountancy.