Consulting Firms Freeze US Starting Salaries in Bid to Shore Up Profit
Financial Times · November 5, 2023
““It’s the toughest, most competitive market I have seen in 10 years.” — Namaan Mian, COO, Management Consulted”
The Financial Times cited Management Consulted’s compensation data and COO Namaan Mian in its coverage of consulting firms freezing U.S. starting salaries amid slowing demand and tighter hiring. Mian characterized the market as exceptionally competitive, with fewer openings and more candidates shifting toward consulting from banking and technology.