IHS Markit: Careers, Internships, Salaries, and Consulting Services

IHS Markit is a global provider of data, analytics, and consulting services that supports industries ranging from energy and aerospace to finance and healthcare. Known for its research-driven approach, the firm helps organizations make informed decisions and offers professionals opportunities to grow through diverse career paths.

In this article, we will explore what IHS Markit does, its history, industries served, career opportunities, salaries, internships, culture, interview process, and more.

TL;DR - What You Need to Know

• IHS Markit provides global data, analytics, and consulting services across industries like energy, aerospace, finance, and healthcare.
• Founded in 1959 and merged with Markit in 2016, IHS Markit was acquired by S&P Global in 2022.
• IHS Markit careers offer global mobility, structured training, and opportunities across consulting, technology, and financial services.
• Internship programs give students hands-on experience with data-driven consulting projects and pathways to full-time roles.
• IHS Markit salaries average about 115,000 USD for consultants, with variations by role, industry specialization, and geographic region.

What is IHS Markit and what does it do?

IHS Markit provides data, analytics, and consulting services that help clients solve complex challenges and achieve strategic goals. The company delivers insights across multiple industries through research, expert consultation, and technology-driven solutions, positioning itself as a trusted source for market intelligence worldwide.

IHS Markit operates at the intersection of information and consulting. Its work is grounded in:

• Data and analytics consulting: Delivering actionable intelligence for decision-making.
• Research and insights: Providing industry studies, forecasts, and reports.
• Expert networks: Connecting clients with specialists who bring decades of experience.
• Technology platforms: Offering digital tools to improve efficiency and compliance.

The company serves more than 50 industries and is particularly well known in sectors like energy and natural resources, aerospace and defense, and financial services. For candidates, this breadth means exposure to diverse projects that sharpen analytical, strategic, and problem-solving skills.

Who founded IHS Markit and how has it grown?

IHS Markit was formed through the merger of IHS, founded in 1959, and Markit, founded in 2003. The combined company grew through acquisitions, expanded globally, and was acquired by S&P Global in 2022, cementing its position as a leading data and analytics consulting firm.

IHS (Information Handling Services) began by creating microfilm databases for aerospace engineers. Over time, it broadened into research and industry data services.

Markit, originally known as Mark-it Partners, specialized in financial information and derivatives markets. Its rapid growth positioned it as a major player in financial services consulting.

The 2016 merger of IHS and Markit created a firm with unmatched breadth in industry data and analytics. Key milestones include:

• 1959: IHS founded in Colorado, focusing on aerospace engineering information.
• 2003: Markit founded in London as a financial data provider.
• 2016: IHS and Markit merged to form IHS Markit.
• 2022: IHS Markit was acquired by S&P Global, strengthening global reach.

This growth reflects the firm’s ability to adapt, diversify, and meet the evolving needs of clients in industries like energy, financial services, and technology.

Is IHS Markit owned by S&P Global?

Yes, IHS Markit was acquired by S&P Global in February 2022. The acquisition created one of the world’s largest providers of data, analytics, and consulting services, combining complementary strengths in financial information, market research, and industry insights.

The merger was driven by the growing demand for high-quality, technology-enabled data. By joining forces, S&P Global and IHS Markit enhanced their ability to:

• Deliver deeper market intelligence across industries such as energy, finance, and technology
• Expand global reach with more than 50,000 employees combined
• Strengthen digital solutions for compliance, risk management, and investment decisions
• Provide clients with broader consulting services backed by extensive research and analytics

For candidates and clients alike, the acquisition means increased resources, wider industry exposure, and access to integrated expertise that goes beyond traditional consulting.

What industries does IHS Markit serve?

IHS Markit serves more than 50 industries worldwide, providing data, analytics, and consulting solutions that help organizations improve decision-making and performance. Priority sectors include energy, aerospace, automotive, financial services, healthcare, and agribusiness, along with specialized areas like supply chain, chemicals, and education.

Some of the key industries include:

• Energy and natural resources: Market forecasts, policy insights, and risk analysis
• Aerospace and defense: Data for engineering, defense strategies, and global security
• Automotive: Vehicle sales trends, supply chain insights, and mobility solutions
• Financial services: Market intelligence, risk management, and regulatory support
• Healthcare: Data-driven research on pharmaceuticals, devices, and systems performance
• Agribusiness: Agricultural commodities, trade flows, and sustainability analysis
• Chemicals and manufacturing: Market studies and technology adoption forecasts
• Maritime, trade, and supply chain: Shipping, logistics, and trade compliance insights

The firm’s broad industry coverage gives consultants exposure to diverse challenges, from managing energy transitions to navigating global financial regulations.

What are IHS Markit consulting services?

IHS Markit consulting services focus on delivering insights through research, analytics, and expert guidance rather than traditional management consulting. Core offerings include industry research, data-driven analysis, specialized expert consultation, and technology platforms that support compliance, strategy, and decision-making across multiple sectors.

The firm’s consulting services are structured into several key areas:

• Research and analysis: Market studies, forecasts, and sector-specific reports
• Expert consultation: Access to seasoned professionals with deep industry knowledge
• Technology solutions: Platforms that enhance data management, compliance, and risk evaluation
• Knowledge sharing: Webinars, publications, and podcasts on emerging industry issues

Unlike firms that primarily focus on strategic planning, IHS Markit emphasizes actionable intelligence powered by advanced data and analytics consulting. This approach gives clients measurable insights and provides consultants with exposure to complex, information-driven projects.

What are IHS Markit careers like?

IHS Markit careers provide opportunities across consulting, data analysis, and technology roles, with structured growth paths from entry-level analyst to senior leadership. Employees benefit from global exposure, industry specialization, and the chance to work alongside experts in data and analytics consulting.

At IHS Markit, you can expect:

• Diverse career paths: Opportunities in research, consulting, financial services, and technology
• Professional development: On-the-job training combined with structured learning programs
• Global exposure: Offices in 20+ countries, offering international career mobility
• Expert mentorship: Access to senior leaders and specialists across multiple industries
• Innovation-driven work: Projects centered on solving real-world challenges with analytics and insights

The firm emphasizes both technical expertise and strategic thinking, making it attractive to candidates who want to combine consulting with industry data solutions. Whether you are a recent graduate or an experienced professional, IHS Markit careers offer a platform for growth and long-term opportunities.

Does IHS Markit offer internships for students?

Yes, IHS Markit offers internships that give students hands-on experience in consulting, data analysis, and industry research. Interns work on real projects, gain structured training, and often transition into full-time roles within the firm’s global network.

IHS Markit internships are designed to provide:

• Practical experience: Exposure to live client projects from day one
• Skill development: Training in analytics, research, and problem-solving
• Global opportunities: Roles available across multiple offices worldwide
• Pathways to careers: Many interns receive return offers for consulting or technology roles
• Networking: Direct access to mentors, experts, and senior leaders in consulting services

These programs allow students to test their interest in data and analytics consulting while building a foundation for long-term careers at IHS Markit or in related industries.

How much does IHS Markit pay consultants?

IHS Markit consultants earn an average total annual pay of about 115,000 USD, though salaries vary widely by role, region, and experience level. Compensation is competitive within the consulting and data analytics industry, and often includes performance-based bonuses, benefits, and professional development opportunities.

Factors that influence IHS Markit salary include:

• Role and seniority: Entry-level analysts earn less than mid-level or senior consultants
• Geographic location: Pay differs across regions and local markets
• Industry specialization: Sectors like financial services and energy may command higher packages
• Performance and bonuses: Strong performance can lead to accelerated salary growth

For candidates, IHS Markit salaries align with global consulting standards while reflecting the firm’s focus on data-driven expertise and industry specialization.

Is IHS Markit a good firm to work for?

Yes, IHS Markit is considered a good firm to work for, offering global exposure, strong training programs, and career growth in consulting and data analytics. However, like any consulting firm, the experience may vary by team, region, and role.

Key aspects that make IHS Markit attractive include:

• Professional development: Structured training and mentorship opportunities
• Global consulting firm presence: Offices in 20+ countries with cross-border projects
• Culture of collaboration: Emphasis on teamwork and knowledge sharing
• Diversity and inclusion programs: Efforts to support a varied and inclusive workforce
• Exit opportunities: Alumni move into finance, tech, and other consulting firms

For candidates seeking a mix of analytics and consulting experience, IHS Markit offers a dynamic environment with broad industry exposure.

What is the IHS Markit interview process like?

The IHS Markit interview process typically includes a resume review, an initial phone or video screening, and multiple rounds of interviews with behavioral and situational questions. Candidates are assessed on problem-solving, communication, and analytical skills relevant to data and consulting roles.

Key stages of the process usually include:

• Resume screening: Highlight relevant skills, industry interest, or project experience
• Phone or video interview: Initial fit check and motivation discussion
• Behavioral interview: Assessing teamwork, leadership, and adaptability
• Situational or case-style questions: Problem-solving exercises tied to client challenges
• Final round: Conversations with senior managers or partners

Preparation often involves practicing behavioral frameworks, reviewing consulting case styles, and demonstrating familiarity with IHS Markit industries such as financial services and energy.

What are common IHS Markit exit opportunities?

IHS Markit exit opportunities include roles in finance, technology, and strategy positions at other consulting firms or industry-leading corporations. Alumni often leverage their expertise in data, analytics, and industry insights to transition into high-impact roles with global exposure.

Typical exit paths include:

• Finance and investment: Positions in investment banking, asset management, and risk analysis
• Technology and data: Roles in tech firms focused on product development, analytics, or digital strategy
• Other consulting firms: Strategy or management consulting opportunities at global or boutique firms
• Corporate strategy: In-house roles supporting business development, growth, and operations
• Entrepreneurship: Building startups that apply industry expertise and data-driven solutions

The firm’s focus on analytics and industry-specific consulting equips professionals with skills that are transferable across sectors, giving them a competitive edge in the job market.

Who are IHS Markit’s main competitors?

IHS Markit’s main competitors are other global firms that provide market research, analytics, and consulting services across industries such as finance, energy, and technology. These organizations compete on data quality, industry expertise, and the ability to deliver actionable insights for clients.

Competitor categories typically include:

• Financial information providers: Firms specializing in investment data, risk analysis, and financial market intelligence
• Industry research firms: Companies offering detailed sector reports and market forecasting
• Technology-driven analytics providers: Platforms delivering digital tools for compliance, risk, and performance improvement
• Consulting and advisory firms: Organizations combining strategy consulting with data-based decision support

For candidates, knowing IHS Markit’s competitors helps position the firm within the broader consulting and analytics ecosystem, highlighting its unique focus on data-driven intelligence.

Why consider a career at IHS Markit today?

IHS Markit offers candidates the chance to work at the intersection of consulting, analytics, and technology, with opportunities spanning multiple industries worldwide. Its merger with S&P Global has expanded resources, career paths, and the scope of consulting services, making it a strong option for students and professionals interested in data-driven problem solving.

For aspiring consultants, the firm provides:

• A global platform with offices across 20+ countries
• Exposure to industries from energy and aerospace to finance and healthcare
• Clear career paths supported by training, mentorship, and international mobility
• Competitive salaries and structured internship opportunities
• Diverse exit opportunities across consulting, finance, and technology

Whether you are considering an internship, an entry-level role, or an experienced position, IHS Markit combines global reach with industry specialization, offering a career that blends consulting expertise with advanced data insights.

Frequently Asked Questions 

Q: Who is the founder of IHS Markit?
A: The founder of IHS Markit is Lance Uggla, who created Markit in 2003 before it merged with IHS in 2016. His vision helped grow IHS Markit into a leading global consulting firm for data and analytics.

Q: Where is IHS Markit located?
A: IHS Markit is located in London, United Kingdom, with additional offices worldwide, including major hubs in the U.S. Its global presence supports clients across financial services consulting, energy, and market research.

Q: What industry is IHS Markit in?
A: IHS Markit operates in the information services industry, providing data and analytics consulting, financial services consulting, and market research for sectors such as energy and natural resources, and aerospace and defense.

Q: How accurate is IHS data?
A: IHS data is considered highly accurate, widely used by businesses and governments for market research and insights. IHS Markit combines advanced analytics and expert consulting services to deliver reliable forecasts.

Q: How much did S&P pay for IHS Markit?
A: S&P Global paid about $44 billion to acquire IHS Markit in 2020, creating one of the largest providers of data, analytics, and consulting services across industries worldwide.