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Management consultancy income beginning to improve

May 14
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Management consultancy income beginning to improve

by Jamie Anderson

Management consultants have received a boost as the fee income has risen back to pre-recession levels.

According to the Management Consultancies Association's (MCA) latest Consulting Industry Statistics 2012 report, workers within this sector earned the same amount of money in 2011 as they did prior to the economic crisis in 2008/9.

The organisation reported that fee income grew by five per cent in the past year, pushing the value of the industry to just over £9 billion. The MCA also reported that the number of fee-earning management consultants grew by ten per cent.

MCA officials noted that 2011 has been a year of consolidation for many organisations and it has seen a number of companies such as Ernst & Young, PricewaterhouseCoopers and KPMG being honoured at the MCA's Awards.

Alan Leaman, chief executive of the MCA, said: "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."

This article was brought to you by Mindbench, the award winning management consultant recruitment provider.

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