Another late night weekend work rant: Given the uptick in hours due to both turnover and M&A volume how have different firms actually responded other than just acknowledging there is a problem (spot bonuses, promise of higher year-end bonus, interim salary raises, more hiring, etc.). Curious to see.

Feel like my firm (MM) is trying to hire more people but we’re losing good people just as fast as we replace them with inexperienced ones. And compensation has in no way made up for the hours.

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I haven’t seen much variation besides 1) hiring more from audit (to replace the exp’d ppl who left) 2) small spot bonuses 3) vague promises of good raise / bonus (ie delay tactic). So in summary, nothing that will improve the situation by much.

The solution? Probably is to jump ship. Currently in deal diligence, like the work but want better pay or hours? There is a line of firms waiting to interview you - just make sure you do your diligence. Sick and tired of FDD and want something else? Job market is hot. Don’t count on your firm doing the right thing, cuz they have a long and well documented history of the exact opposite.

Alternatively, you can be more aggressive in terms of setting boundaries, though it’s likely a losing battle since you get penalized during reviews for “not being flexible”. There are a lot of maniacs out there who will ride you to death so that they can advance faster at the firm.

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That’s exactly how I feel with my MM firm, which is why I’m leaving lol.

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The most logical thing to do for most people,from what I have observed, is to switch firms.

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