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.
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Salary Freeze
- Consulting starting salaries froze for 2025 start dates, despite rising demand.
- This unprecedented freeze is due to increased talent supply, AI implementation, and reduced attrition.
Demand Distribution
- Consulting demand is rising, but it's unevenly spread across sectors.
- Knowing which sectors are in demand provides a competitive edge for job seekers.
High-Demand Sectors
- Consulting demand is high in supply chain, healthcare, and cloud services.
- Job seekers should target these areas for better chances.