The 2025 Consulting Salaries Report, recently released by Management Consulted, sheds light on the current state of compensation within the consulting industry, revealing a second consecutive year of stagnant starting salaries. This comprehensive analysis, drawing from data provided by over 4 million readers, individual customers, and consulting firms, underscores the significant impact of technological advancements and market dynamics on the sector.
According to the report, first-year consultants from undergraduate programs can expect base salaries up to $112,000, while MBA graduates might see compensation reaching $192,000. This lack of growth in salaries is occurring alongside major industry shifts, notably the integration of artificial intelligence (AI) into consulting practices. AI is enabling firms to enhance productivity, allowing them to achieve more with fewer staff, which in turn contributes to the observed flat compensation trends.
The consulting sector continues to experience strong demand, especially in specialized areas such as supply chain, cloud technologies, and healthcare. In response, firms are strategically favoring pre-MBA hires over MBA graduates to maintain operational margins. This adjustment reflects the industry's adaptability to changing market conditions and its role as a bellwether for broader economic trends.
The report also highlights the consulting industry's influence on global corporate strategies, with hiring practices and productivity innovations often serving as models for large corporations. However, it cautions that macroeconomic challenges, including inflation and high interest rates, may hinder industry growth in 2025. Additionally, the labor market's slow recovery suggests that significant salary increases are unlikely in the near term.
Management Consulted's partnerships with leading organizations like Meta, American Express, and eBay have enabled the development of specialized training programs aimed at enhancing advisory capabilities and organizational effectiveness. These initiatives are part of the industry's broader effort to navigate the challenges and opportunities presented by technological innovation and economic uncertainty.
The 2025 Consulting Salaries Report provides a detailed look at an industry at a crossroads, grappling with the dual challenges of embracing technological advancements and responding to shifting market demands. Its findings offer valuable insights for professionals and organizations alike, highlighting the interconnectedness of consulting trends and the wider economic landscape.
