Are there "probation period" in MBB and do they treat it seriously?

Question

I used to work in finance where many top firms treat probation seriously (at least in my region). I've seen quite a few times that people didn't pass probation period, a situation which I don't want to get into.

Given MBB's "up or out" culture, are they serious on "probation", and how long is the official "probation period" stated on contract? Have you personaly heard anyone that didn't pass probation at MBB?

Answer 1

It's very simple: at MBB, due to their business model, you are ALWAYS on probation. No matter how senior you are or how long you have been around. ;) Therefore, a "formal" proation period is not so imptant for them. In some markets, they have even kicked out the "probation period" clause off their contracts (e.g., BCG in Germany). Because it doesn't make sense, given how they do things.

Cheers, Sidi

Answer 2

Hi, it depends on the office, but it usually lasts 6 months. However, the rule of up or out is always valid, therefore it's not only a matter of the probation period

Best,
Antonello

Answer 3

Hey there,

Agree with Sidi. You are constantly on probation.

However, from my observations, all people that got 'counseled to leave' or leave on their own at McKinsey either leave

within the first two months
at EM level

In between these periods up-or-out rarely happens and is more a myth than reality due to the recruiting and interview process that already evaluates all skills needed from Junior to Engagement Manager. After EM, the air gets thinner, and AP to Partner is significantly more difficult.

Cheers,

Florian

Answer 4

Hi there,

Sidi is spot on with his answer. You are indeed always on probation.

There are certainly "scarier" times at MBB (i.e. the first 6 months joining, and the 6 months leading up to the promotion period). However, you are evaluated at the end of every single project and always encouraged to improve.

If you don't, you're out (eventually).

Answer 5

Hi there,

Yes, the probation period could vary from 3 to 8 months depending on the location that you are in... Regarding the "up or out" policy, you will have a performance review every 3/4 months so you can be kicked off the firm every 3/4 months.

Best,

A