Is artificial intelligence threatening the future of management consulting? As AI transforms the industry, firms like McKinsey, BCG, Bain and Accenture face growing questions about their business models, profitability and graduate recruitment.
In this episode of the Market Maker Podcast, Anthony Cheung and Stephen Barnett explore how AI could disrupt traditional consulting services, why smaller boutique firms are gaining ground, and whether AI-driven automation will mean fewer opportunities for graduates.
We also discuss what the future of management consulting could look like, which skills will remain valuable, and what students hoping to break into consulting should consider as the industry evolves.
00:00: Will AI Kill Management Consulting?
03:28: Is AI a Threat or Opportunity?
05:36: Accenture: Revenue & Job Cuts
07:59: What Do Consultants Actually Do?
11:01: Could AI Replace Consulting Firms?
16:06: The Rise of Boutique Consultancies
18:45: Are Graduate Consulting Jobs at Risk?
23:21: The Future of Management Consulting