When do you think the next industry wide compensation adjustment will be? The last one was in 2018 when MBB raised MBA salaries to $165k and other levels about 10% as well. With consulting firms on a hiring frenzy, when do you expect the next one to be?

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I think once we get clarity about how bad this inflation is going to be

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This plus mbb expanding their portfolio - its high competition right now for talent. Depending on where people land / how orgs land some may change strategy

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Not all firms moved up. ACN, KPMG, and D are <160. Given the offers for interns right now, I expect we won’t see shifts for at least another 2 yrs.

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Really depends on how much consulting wants to keep competitive with tech.

Our cross offers with consulting are highly favorable. However, MBA consulting exits specifically receive strong comp offers of like 165k plus 20k signing plus promised bonus. Consulting will need to continue to exceed our initial mba comp to remain competitive

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