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Not very common at McK
Pro
They're not uncommon but in Consulting neither of those will help you unless you're in an Advisory function OR you're super niche and your clients are all financial institutions.
a CFA is very common in investment consulting
What is investment consulting? Sorry if that’s a dumb question
Depends.
On the type of consulting you focus on e.g. for Strat consulting you'll mostly see top MBAs but if you're more in the finance space plenty of professionals will have CPA designations. There are also plenty of people who started in big 4 audit earned their CPA and quickly realized it wasn't for them and now sit in some other consulting service line/ function.