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Strategy Simplified
S16E20: Pay is flat, hiring is up: the 5 forces shaping consulting in 2025
Feb 7, 2025
Consulting salaries are frozen, yet hiring is on the rise. The discussion reveals the surprising dynamics driving these trends. AI is transforming operations and workforce strategies in the industry. The focus has shifted from entry-level credentials to practical skills. Insights on revenue growth suggest that the future is bright for adaptable consultants. Top firms are revising hiring practices to attract talent effectively. Join in for valuable tips on enhancing your job prospects and navigating complex career paths.
53:31
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Quick takeaways
- Despite stagnant starting salaries in consulting for 2025, increased demand for services indicates a competitive hiring environment for candidates.
- Specific sectors such as supply chain management and healthcare are driving consulting demand, creating greater opportunities for job seekers targeting these fields.
Deep dives
Overview of Consulting Compensation Trends
Consulting starting salaries have remained static for offers beginning in 2025, despite an increase in the demand for consulting services. The podcast highlights that this stagnation is due to an oversupply of talent in the job market, advancements in artificial intelligence allowing for greater productivity with smaller teams, and decreased attrition rates within firms. Consequently, the competitive landscape has intensified, with job seekers facing the toughest recruiting cycle in recent years. This means that candidates entering the workforce must be aware of the implications for their earning power and job prospects.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode