McKinsey Boss Says AI Could Mean Golden Age for Consultancy Firm
financialpost.com Jul 15, 2026

McKinsey Boss Says AI Could Mean Golden Age for Consultancy Firm

AI-summarised brief · reviewed before publication

McKinsey & Co. Global Managing Partner Bob Sternfels predicts a potential “golden age” for the consultancy firm, driven by surging corporate demand for assistance with artificial intelligence, geopolitical instability, and energy transitions. Speaking to Bloomberg TV, Sternfels stated that problem complexity will increase over the next five years, prompting him to advise staff to expect higher workload volumes. While the broader consulting industry faces disruption, with Accenture shares recently slumping on fears that AI renders professional services redundant, McKinsey is adapting by cutting support staff while hiring more consultants. The firm plans to grow its overall headcount, equipping each consultant with an average of three AI agents to enhance productivity. Sternfels, who is stepping down next year after more than three decades at the firm, recalled being labeled a “hiring mistake” early in his career. He noted that internal jokes now reflect the intense pace of work enabled by AI tools, signaling a shift in how consulting services are delivered and consumed in the current economic landscape.

💡 Why It Matters

  • · McKinsey’s strategy to expand its workforce while integrating AI agents challenges the prevailing narrative that artificial intelligence will solely reduce the need for human consultants.
  • · This approach suggests a hybrid model where technology amplifies rather than replaces professional expertise, potentially reshaping industry standards for service delivery and staffing.