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Have just been fired by MBB

Hi All,

After 2 cycles of PIP, I have just been fired by an MBB firm. They give 2 months of transition period before I have to exit the company. 2 months is their standard duration for my position level as written on the guidebook

What is the best way to negotiate this period to extend the duration? Should I bring personal issue that happening in my family last 2-3 months (I wouldnt bring the detail, but for their consideration in extending my duration) ?

 

Also, I still have 2 weeks on my case, they suggest me to roll off and focus on my transition period. However, I am thinking can I make that 2 months started after the 2 weeks of the case?

 

Thank you very much

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Top answer
Ian
Coach
edited on Sep 01, 2023
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

I'm so so sorry to hear. This is not easy :/

Rest assured, you have company here…MBB are increasing their up-or-out in order to adjust to their pipeline changes.

One thing to keep in mind: I don't know what you did during these two cycles, but if you did not hire a coach, get outside help, etc. then try to reflect on the lesson learned here.

In terms of your questions:

What is the best way to negotiate this period to extend the duration? 

You honestly probably can't. 2 months is already incredible…most firms give 2 weeks notice and don't even help you find a new job.

Rather, focus on spending this time effectively to get a new role.

If you want to try to extend, then, sure, bring in the family issues. Personally, I wouldn't.

Also, I still have 2 weeks on my case, they suggest me to roll off and focus on my transition period. However, I am thinking can I make that 2 months started after the 2 weeks of the case?

I'm not sure why you're fighting this. They want you to roll off. You're delaying the inevitable. What is 2 weeks? Focus on maximizing their support to get a new role.

From what I can see, you're focusing all of your attention on the wrong things. 

That said, Ben has given a great answer as well, where taking 50% pay for 4 months is definitely somethingy ou can propose.

Pedro
Coach
on Sep 01, 2023
Bain | EY-Parthenon | Former Principal | 1.5h session | 30% discount 1st session

Hi there,

This isn't really a negotiation - they're kicking you out and giving you two months to find a new job. What they want (and what you should do as well) is that you start looking for a job right away, and honestly all your energy should be spent on that.

They are open and more than willing to help you land a new job - you should take advantage of that as well.

In some cases, they can consider extending the two months… if you were activelly trying to find something and were not successful. But you had to be activelly trying to find an alternative. If you go right away asking for more time providing those reasons, what you are telling them is that you will not be 100% focused on finding a new job. While they may be willing to bear the cost of you needing time to find a job, they probably won't be willing to bear the cost of you needing time for something else.

Anonymous B
on Sep 01, 2023

Hi,

Two months is the absolute minimum in consulting. You can ask for more time. If your case was borderline, you can probably get some extra help. If you had a personal issue, tell someone who has decision-making or process power so they can help you.

5
Moritz
Coach
on Sep 01, 2023
ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | High impact sessions + FREE materials & exercises

Hey there,

Very sorry to hear. It's brutal out there and you're joining a club of many great people who went on to do other great things.

As for the extension, what's your goal exactly? You're essentially unwelcome at this point and overstaying your welcome. Unfortunately, that's kind of how it is once the decision is made.

My advice; don't fight it in order to maintain the good relationships you have. I am still very close to McKinsey even 2 years after leaving the firm voluntarily. The contacts and interactions have been amazing since then and I advise anyone to not make things awkard when leaving or burn any bridges.

Best of luck!

Moritz

on Sep 01, 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Hi,

At BCG in some offices there is an option to take 100% pay for 2 months, or 50% pay for 4 months. You could try and negotiate this with your firm if this is not already a standard/accepted policy.

In terms of when transition starts - once you are on transition you should not be on client facing work anymore, so I would talk to staffing and HR to coordinate the start date. Nothing wrong with making sure you get the full 2 months accorded to you.

All the best!

on Sep 02, 2023
#1 rated McKinsey Coach

Hi there!

Sorry to hear about this situation. It's rather common these days. 

In short, yes, tell them about the personal situation and see if you can extend the time. 

But, honestly, at this point it might be time better spent to think about what you do next. Adding 2 weeks on top won't make a huge difference to your career. 

So rather take a step back and think what you want to do next - consulting or something else? Then, get going with the actual applications already since most firms also take quite a bit of time with processing applications and then interviews.

Sharing with you a guide on how to approach the interviews in a systematic way:


Best,
Cristian

…………………………………………………………………………………………………………………………………………

Practicing for interviews? Check out my latest case based on a first-round MBB interview >>> SoyTechnologies  

Deleted user
on Sep 03, 2023

Hello,

I'm sorry to hear about your situation.

Unfortunately I doubt there's much room for negotiation to extend your transition period. If this is something you really want to pursue, I think it's ok to have a conversation with HR, bring up the personal issue you mentioned and see if they would be willing to extend. However, I wouldn't have high expectations - 2 months is generally quite standard.

I agree with others here who suggest you devote your energy to looking for new jobs. A couple of weeks isn't going to change your situation much, and its important that you focus on what's next to set yourself up for success in your new position.

Best of luck!

4
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