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How long is the notice period in London USUALLY consultancies?

UK
Neue Antwort am 17. Okt. 2021
6 Antworten
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Anonym A fragte am 16. Okt. 2021

How long is the notice period in London USUALLY for consultancies? If you happen to get the OUT at up or out, how much time do you have for looking for a job? I am hesitant in accepting a boutique offer in London.

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Cristian
Experte
Content Creator
antwortete am 16. Okt. 2021
#1 rated MBB & McKinsey Coach

Hi there, 

It really depends from region to region. 

In Germany BCG for instance I know somebody who was asked to leave and still given six months to figure out her next steps. In Eastern Europe McKinsey, I know a similar case for three months. It's something you negotiate with the firm and they are usually quite flexible about it. 

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Hagen
Experte
Content Creator
bearbeitete eine Antwort am 16. Okt. 2021
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there,

This is indeed an interesting, very specific question, so I am happy to provide my perspective on it:

  • Contradictory to what other coaches said, being asked to leave has nothing to do with the notice period as this is the time you still need to stay with your current employer when you terminate the contract (which is seldomly the case).
  • The time you may be granted to search for your future employer while still being employed with your current employer depends on the local termination protection laws. For instance, since all consulting staff is hired with permanent contracts, after the 6-month probation period, there is hardly anything an employer can do to lay you off. By contrast, termination protection laws in UK are rather weak. Still, in such moments, I would advise you to speak transparently with your current employer since they are still interested in you leaving in good terms.

In case you want a more detailed discussion on how to best proceed in your current endeavors, please feel free to contact me directly.

I hope this helps,

Hagen

(editiert)

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Antonello
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antwortete am 16. Okt. 2021
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

Hi!

It really depends on the specific office and situation. It's not easy to give an accurate answer.

Best,

Anto

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Pedro
Experte
antwortete am 16. Okt. 2021
Bain | Roland Berger | EY-Parthenon | Mentoring Approach | 30% off first 10 sessions in May| Market Sizing | DARDEN MBA

That really depends on the boutique. One thing is telling you the “rule” for large firms, as people may have knowledge from being in that office or from “hear say”. 

For a boutique it is different. They are usually not as generous as MBB (you have to cut costs somewhere…) and moreover you may be hiring for an outlier… you'll have to do some targeted research on your own.

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Ian
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antwortete am 17. Okt. 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

In general, the major consultancies will give you mutliple months to move out (they ultimately want you to succeed, as it helps them in the long-run!).

In terms of London itself, I do know that UK Labor laws are quite good, so the time period would presumably be longer than, say, in the US or developing countries.

That said, the best way is to look at your contract and even talk to HR about this beforehand!

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Adi
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antwortete am 16. Okt. 2021
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Hi,

Your question is specific to London (UK), so here's what you need to know:

1. If you are asked to leave inside of probation period, then notice period can be anything from 1 day to 2 weeks depending on the circumstances and the firm. If you leave on your own terms, you can also dictate terms and leave within 2 weeks

2. Between 6 month and under 2 years, in UK termination is still a relatively easier process but will involve some consultation/pay-out/gardening leave. This could take 4-12 weeks

3. If you clock the 2 year mark , you become protected by UK employment laws. The firm will have to show evidence of a performance management plan, appoint a lawyer for you and agree a mutual termination date through consultation. Some pay out is also made if the firm wants to speed up the process. Usually this process can take 3-6 months if not longer and you are savvy enough you will know well ahead of time that things are not going your way. If you leave on your terms, then usual notice period applies as per the contract. In UK this is typically 4-13 weeks depending on the company.

I am not clear as to why you will base accepting an offer on this factor? Perhaps if you can elaborate your question, I can provide more pointed advice.

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Cristian

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