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Party’s over for graduates as consulting firms freeze starting salaries

Stephen Foley

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New York | The world’s most prestigious consulting firms have frozen US starting salaries for new graduates, as a war for talent that sent pay soaring after the pandemic gives way to tougher competition for jobs.

McKinsey and BCG are among the firms holding salaries at 2023 levels for undergraduate and MBA students taking up positions next year, according to people familiar with the matter.

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Financial Times

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    Original URL: https://www.afr.com/world/north-america/consulting-firms-freeze-starting-salaries-to-shore-up-profit-20231106-p5ehxj