I was interviewed at ACN Strategy on July 29th and today I got an email that they are not moving ahead with my profile. Is there any possibility interviewer selected from round 1 but later HR rejected because of salary budget.

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How much salary did you ask for which they rejected?
Usually they have a budget so they won't reject it for this reason .

Exactly, means the rejection was basis interview assessment (not basis salary expectation). Selection mail is usually sent post 2 rounds of interview. Post which HR requests for documents for releasing the offer letter. Any negotiation on salary is done once the offer letter is released

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If you're seeking 38 LPA for a management consultant role, it's quite high since the maximum I've seen is around 33 or 34 LPA. However, if this is for a manager position, the budget shouldn't be a concern.

Not quite high. The upper salary band for consultant at Accenture swings between 37 to 40.

That also depends on whether you've completed an MBA from a Tier 1 college. For a typical lateral hire without an MBA, they offer a maximum of 32-34 LPA.

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