Strategy Simplified S21E22: 1,600+ MBB Exits Analyzed: The 5 Trends Shaping Consulting-to-Industry Moves
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Dec 12, 2025 Explore the intriguing world of MBB exits, focusing on where ex-consultants are headed in 2025. Discover why tech remains the leading destination for talent, while finance and private capital see a rising demand for MBB skills. Learn about the split between large firms and smaller companies, with private firms dominating exits. Delve into the common roles ex-consultants are taking, including CEO and chief of staff, and the crucial decision-making around product, capital, or CEO proximity. Uncover the five key trends shaping these career transitions!
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Consultant Exits Predict Market Demand
- Watching where MBB consultants land acts as a live map of industry demand for structured problem solving.
- In 2025, consultants' exits signal where companies value diagnosis, prioritization, and stakeholder alignment.
Software Ecosystem Is The Biggest Magnet
- Tech remains the largest destination, with software development leading at 14% of exits.
- Companies hire MBBers for fast diagnosis, prioritization, and cross-stakeholder alignment rather than slide-making.
Finance And Private Capital Still Core Buyers
- Finance plus private capital (VC/PE) represent a sizeable share of exits (~14.5% combined from 9% and 5.5%).
- These firms hire consultants to translate strategy into execution and operational leadership.