Is AI quietly killing consulting?
Updated: 3 days ago
A few weeks ago, I was speaking to an MBA aspirant who told me—"I’m not sure if I should aim for consulting anymore… Won’t AI just replace all those slide decks and data crunching?"
It’s a fair fear. AI can write reports, build dashboards, and even simulate strategies. But here’s the plot twist—consulting isn’t dying… it’s morphing.
The Myth of Vanishing Consulting Jobs
📉 The Myth: "Consulting jobs are vanishing because AI can do the analysis."
📈 The Reality: From IIM-A to JBIMS to IIM-Nagpur, consulting remains one of the most sought-after and well-paying domains in placements:
IIM Bangalore: Avg package ₹35.3 LPA – consulting is still a top recruiter.
IIM Calcutta: ₹35.07 LPA average – McKinsey, BCG, Bain still on campus.
JBIMS: Highest ₹87.12 LPA – strategy & consulting roles dominate the top offers.
IIM Nagpur: 100% placement, avg ₹18.07 LPA – consulting featured prominently.
Even newer IIMs are seeing consulting firms queue up.
The Shift in Consulting
Here’s the real shift: Consultants are no longer just “PowerPoint factories.” They’re becoming AI interpreters—people who can turn complex algorithms into boardroom strategies. They can explain why an AI model is recommending a path and guide leadership through it. In other words… consulting is evolving faster than the curriculum at most B-schools.
Preparing for the Future of Consulting
If you’re in an MBA program right now, or about to apply, ask yourself:
Does your B-school train you to speak both AI and business fluently?
Are you building skills in digital transformation + human leadership?
Are you networking with consulting firms that are already AI-first?
Because the firms are hiring now, but the consultants they want in two years will look very different from the ones they hired in 2020.
If product management is also on your shortlist, our piece on the rise of AI product management covers a parallel shift in that function, and Launchpad's free Consulting Case Interview Prep curriculum is built for this track.
The New Breed of Consultant
AI isn’t killing consulting. It’s creating a new breed of consultant—part strategist, part technologist, part change-maker. If you don’t start building that mix now, someone else will… and they’ll take your seat in that final placement interview.
Embracing Change in Consulting
As the landscape of consulting changes, it's essential to embrace new technologies. AI tools can enhance decision-making and improve efficiency. Understanding these tools will be crucial for future consultants.
The Role of AI in Strategy
AI can analyze vast amounts of data quickly. This capability allows consultants to focus on strategy rather than just data crunching. The ability to interpret AI findings and apply them to real-world scenarios is a valuable skill.
Building a Diverse Skill Set
Future consultants should aim to develop a diverse skill set. This includes not only technical skills but also soft skills like communication and leadership. Being able to convey complex ideas simply will set you apart.
Networking and Collaboration
Networking with industry professionals is vital. Attend workshops, webinars, and networking events. Building relationships with consulting firms can provide insights into what skills are in demand.
Continuous Learning
The consulting field is dynamic. Continuous learning is essential to stay relevant. Consider online courses or certifications in AI and digital transformation.
Conclusion
In conclusion, the consulting industry is not disappearing; it is evolving. Embrace the changes and prepare for a future where AI and human insight work together. The consultants of tomorrow will be those who adapt and grow with the industry.
By focusing on these areas, you can position yourself as a top candidate in the consulting field. The future is bright for those willing to evolve alongside it.
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