UK consulting grows by over 8%

Monday 27 June 2016

The UK is home to one of the world's leading consulting industries, and now is a great time to enter this sector. Consultants enjoy high incomes, greater personal freedom and flexible working as part of the British self-employed workforce. And things are only getting better, according to the latest findings from the Management Consultancies Association (MCA).

The organisation has just published its Annual Industry Report 2016, showing how consulting in the UK has grown over the last year. Using data such as detailed returns from the Big Four Accounting firms, Accenture, IBM and many other consultancies, the MCA is able to build up an accurate picture of British consulting, and this year the report is very positive.

Overall, the UK consulting industry grew by 8.05 per cent in 2015. This is a slight slowdown from its growth rate of 8.4 per cent in 2014, but is still well ahead of GDP growth. It is also outperforming a number of other sectors, showing that consulting is a lucrative field to enter.

Not all consultants have seen this, however. Some sectors are growing faster than others, and a few are even shrinking in size. For example, consultants working in the field of accommodation services saw their sector grow by a massive 13 per cent during 2015, while creative, arts and entertainment services saw a growth of 12.1 per cent.

At the other end of the scale is manufacturing, which saw negative growth. Turnover fell by 0.4 per cent for manufacturing consultants. The only other field to see negative growth was publishing services, which shrank by 3.7 per cent.

The report also pointed out that digital and technology consulting was the largest sector of consulting in the UK. In total, this industry accounted for 27.7 per cent of consultants' aggregate income. The next-highest sector was programme/project management, which accounted for less than half of that with 12 per cent.

Alan Leaman, the MCA's chief executive, said: "Consulting is a positive force for the economy, and the industry grows by helping others grow. Increasingly, consulting firms are also changing in order to best help clients to change as well. All these changes are helping to ensure that the UK remains a global leader in management consulting."

By Victoria McDonnell

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