According to a study by Management Consulted, 2021 brought the tightest global labor market in decades amidst one of the highest demand periods on record for management consulting services. The expected result was a rise in consulting base salaries across the board.
At both the pre-MBA and post-MBA entry levels, 2022 consulting salaries rose, albeit at a slower rate than the last major increase in 2019. The increase was still noteworthy for two reasons: first, after the decade-long streak of consulting salary increases was halted in 2021, a new streak began after just one year. Second, salaries rose across firms and across levels – a rising tide seemed to lift all boats.
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