Consulting Q&AWhat is the retention rate in the consulting industry?
Silvia MoserSilvia Moser asked 7 months ago

1 Answers
Mattéo DaviesMattéo Davies answered 4 months ago

The consulting industry is one of the most competitive and lucrative industries in the world. The top consulting firms receive thousands of applications each year, and only a handful of candidates are ultimately offered a position. Once hired, consultants are typically expected to work long hours and travel frequently. As a result, turnover is relatively high in the industry.

According to a recent study, the average retention rate for consultants is just shy of 50%. While this may seem low, it is actually on par with other industries that experience similar levels of stress and demands.

In fact, the consulting industry has a higher retention rate than many other professional industries, including law and medicine. For those who are able to thrive in the fast-paced environment, the consulting industry can be a great career choice.