The MCA’s 2024 Annual Industry Report contains the most comprehensive and authoritative data and analysis on the consulting industry.

UK consulting revenues nearly double in five years from 10.56bn to £20.4bn as sector records double digit growth in 2023 driven by digital tech transformation and energy and net zero specialist advice.

Exports are up by £3bn in five years and now 28% of overall revenue. More jobs created outside London than in capital and number of regional offices increases.
More firms than ever are collecting diversity and inclusion statistics to help ensure that this workforce reflects the clients and society that they serve. As well as a slight improvement in the number of women in the workforce, there has been an increase in female leaders with a 10% advance since 2018, as nearly a third of partners are now women (31%).

Please note, the report is free for all existing MCA members but can be purchased by organisations and individuals outside of the association.

“British management consultants are helping tens of thousands of businesses and governments across the globe to navigate this shifting landscape, assisting them as they adapt to a future where multipolarity, net zero and artificial intelligence are the new normal. We are also operating in a challenging economic climate where the focus for clients are the competing demands of ensuring survival, reducing costs, and at the same time aiming to be leading edge.

During this taxing period of change and uncertainty we are called upon as trusted advisers and sector specialists, offering experience and expertise – especially in tech, cyber security, cost efficiencies and productivity.

As clients’ needs rapidly change, firms are adapting. There is greater investment in consultants’ skills – in an industry already renowned for personal development – with the number of training days for UK staff jumping by 12% in just one year.

Looking at how far we have come in the last 12 months, I am confident about how much we can achieve in the years ahead.“