Management consulting fee income returns to pre-crisis levels

The UK management consulting industry’s fee income grew by just under 5% in 2011

According to the MCA's UK Consulting Industry Statistics 2012 report launched on Thursday 17th May,  fee income grew by just under 5% in 2011 and the total number of fee earning consultants increased by 10%. The MCA estimates that the industry is now worth nearly £9 billion.

The report argues that spending on consultancy services is an advance indicator of an incipient though slow economic recovery.

According to the MCA UK Consulting Industry Statistics 2012 Report, 2011 was a year of consolidation and growth for consultancy, with the UK industry moving back to aggregate fee income levels last seen in the immediate pre-crisis period.

Alan Leaman, Chief Executive of the MCA, said:

 “The UK consulting industry is both resilient and agile. It looks likely that the increased spending on consultancy services in 2011 by the private sector was an early sign of some improvement in wider economic prospects.

“While most private sector clients are not confident enough to undertake major projects, they are often developing their capacities, processes and systems so that they are ready for an upturn when it materialises.”

For the full report please click here.    

-ENDS-

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