Both New York and London remain premier hubs for financial services and consulting, but a critical challenge persists—companies are taking longer than ever to hire senior executives.
🚨 C-Suite Hiring Delays: The Numbers According to McKinsey & Gartner:
Hiring timelines have increased by 84% since 2010, with C-suite searches now taking 6-12 months in some cases (Gartner).
The average CEO search takes 149 days, while CFO and CTO roles average 123-128 days (Forbes, Frederickson Partners).
Fear of a bad hire and increasing stakeholder involvement contribute to indecision and prolonged processes (McKinsey).
A 16% drop in offer acceptances has been reported as top candidates lose patience and pursue faster-moving opportunities (Gartner).
🔹 New York vs. London: C-Suite Market Breakdown
New York
✅ Financial Services: While investment banks remain cautious, fintech & private equity firms are aggressively hiring leadership talent
.✅ Consulting: Demand is strong for turnaround specialists, AI-driven advisory, and growth strategists.
London
✅ Financial Services: Risk, compliance, and ESG leadership roles remain in demand, even as economic uncertainty slows other hiring (CGC).
✅ Consulting: The Big Four are restructuring, reducing partner-track hires, but firms are shifting toward cost-optimization consulting.
📌 Key Takeaway: Companies are missing out on top talent by dragging their feet. With leadership searches taking longer than ever, executives must be proactive—leveraging strategic networking and executive search partnerships to navigate slow-moving processes.
Are you future proofing your leadership career? Let’s discuss.
.png)
Comments