The 2025 Consulting Salaries Report by Management Consulted reveals that starting salaries for consultants at major firms like the Big Four and MBB have remained flat since 2023. This stagnation is attributed to a significant slowdown in demand for consulting services, despite rising productivity aided by AI. Traditional annual salary hikes of 5 to 10% have disappeared, and while demand for consulting services is expected to improve in 2024, salaries are predicted to stay unchanged. The findings in the report are based on over 100 firms, utilizing submitted offer letters for accuracy.
Starting salaries for consultants at both top firms and boutique consultancies largely remained flat for the second year in a row, according to a new report from Management Consulted.
The consulting industry reels from a slowdown in demand for services, despite some recent signs of improvement. Previously, annual increases of 5 to 10% were standard.
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