"That dream might be creeping out of reach for younger people trying to break into the industry, which looks to be on the cusp of a big shift as firms trim their ranks, double down on AI, and tighten performance standards across the career ladder, industry analysts told Business Insider. No one is exactly sure how it will play out, as much of the future will depend on where the economy goes and how quickly AI is adopted."
"According to Revelio Labs, a workforce intelligence firm, job postings in the consulting sector - which encompasses both consultants and adjacent job titles in the industry - have declined each year since peaking in 2022. In 2024, there were about 3.4 million job postings in the sector, around a 26% drop from the prior year, the firm told Business Insider."
Consulting historically offered a linear career track from entry-level through mentorship to eventual partnership, often recruiting MBAs from top schools. Firms are now trimming staff, accelerating AI adoption, and tightening performance standards, creating uncertainty about future hiring and promotions. The shift could reshape the profession with fewer entry-level and senior roles, reducing opportunities for younger consultants to advance. Workforce data show consulting job postings have declined each year since a 2022 peak, totaling about 3.4 million postings in 2024, a roughly 26% drop. Monthly inflows of managers fell 22% year-over-year in June, while entry-level inflows dropped 54%.
Read at Business Insider
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