How often do consulting firms (mainly MBB) increase starting salaries for undergrads/MBAs joining?

I.e MBB - MBA hires is around 190-192k in the US for the past 3 years.

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When the market demands it… during COVID, that was more often; since COVID, that’s not at all. I wouldn’t expect any baseline increase for the foreseeable future. You’ll still get the tenure / promotion bumps which are faster than industry.

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Most folks are happy to just keep their jobs at MBB right now. Compensation is a retention strategy.

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Mbbs are just trying to not have their real revenues shrink yoy more than they already are

Well speak for ourselves here (not a problem at BB)

I predict that BCG raises entry level comp this year

Why would we? It’s a retention and recruitment strategy. There’s no shortage of MBAs looking for jobs, and there aren’t tons of great exits paying more than us.

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