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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. Mckinsey and other top consultancies freeze graduate pay offers in 2026 for the third year, as ai reshapes the industry and threatens its pyramid model — productivity gains from technology are spurring debate about reliance on large numbers of junior advisers An increasing reliance on ai is prompting the world’s largest consulting firms to freeze graduate pay and reduce new hires
This approach may significantly alter the industry’s traditional pyramid model The firms that navigate this transition deliberately will gain disproportionate advantage, while those clinging to the classic model will face structural decline Several of the world’s most prestigious management consulting firms have frozen their starting salaries for new hires for the third consecutive year, reflecting a deep structural change in the industry as generative artificial intelligence begins to erode the traditional “pyramid” staffing model
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