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Top consultancies freeze starting salaries as AI threatens ‘pyramid’ model

Productivity gains from technology are spurring debate about reliance on large numbers of junior advisers

Top consultancies have frozen starting salaries for the third consecutive year as artificial intelligence starts to reshape the industry, forcing firms to reconsider their traditional “pyramid” structure.

Job offers sent by firms including McKinsey and Boston Consulting Group for 2026 show that pay for graduates is being held at the same level as this year, according to Management Consulted, which coaches students through the interview process, and people familiar with the offers.

The offers suggest a cautious approach to hiring from firms that are among the largest recruiters of graduates and MBA students.

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