Recruitment statistics from management consultancies suggest the intake from Russell Group universities has dropped by a fifth over the past eight years.
The research, conducted by research agency Savanta on behalf of the Management Consultancies Association, found just four per cent of graduate management consultants were educated at Oxbridge (a drop of 9 per cent in eight years), while 54 per cent attended Russell Group universities.
Routes into consulting are widening and diversifying, illustrated by a significant decline in Russell Group and Oxbridge graduates
Changing recruitment needs were credited with the swing, with firms recruiting in data science, technological expertise and analytical and digital skills to meet growing client demand. Future trends most likely to have an impact on the industry are thought to be AI, automation and cybersecurity.
Tamzen Isacsson, chief executive of MCA, said: “Developing top talent is not the privilege of one educational institution and this survey shows entrance to leading management consultancy firms is becoming more accessible than ever.”
Luke Cummings, senior consultant at Savanta, said: “Routes into consulting are widening and diversifying, illustrated by a significant decline in Russell Group and Oxbridge graduates.”