Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

UK firms show a 'remarkable propensity to use consultants'

Nov 27
 
Tags: PwC
Share this story:
UK firms show a 'remarkable propensity to use...

The UK's management consulting sector is continuing to perform strongly, despite ongoing economic uncertainties and questions over Brexit.

According to Source Global Research, the industry grew by 7.5 per cent in 2016, reaching a value of £7.3 billion.

This is four times the rate of growth seen in the wider economy.

As a result, the UK's consulting market was ranked in fourth place in the Global Market Attractiveness Index, which lists the world's most attractive consulting markets in 2018.

This put it just behind the DACH consulting market, which consists of Germany, Switzerland and Austria.

Australia was ranked in second place and the US came third, while the UK was listed just ahead of the Gulf Cooperation Council, an alliance consisting of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.

Edward Haigh, director of Source Global Research, commented: "The UK is still a place in which clients show a remarkable propensity for using consultants. 

"Relative to GDP the UK’s consulting market is twice the size of France’s and bigger, even, than that of the US."

The report went on to note that Brexit is likely to drive a great deal of work for management consultants in the UK.

However, it pointed out that the UK is heavily reliant on the flow of talent across borders, which means it will be open to any interruption to the supply of talent that arises from Brexit.

The figures from Source Global Research come shortly after consulting firms ranked highly on The Times Top 100 Graduate Employers list.

PwC retained its top ranking for another year, while Deloitte was listed in sixth place. In addition, EY made it to fifth in the rankings and KPMG was ninth.

Accenture went up one place this year, earning 16th position in the rankings, while McKinsey & Company was in 21st position.

Other consultancies to rank highly included IBM (25th place), BCG (40th place) and Bain & Company (74th place).

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on+44(0)207 089 9017.

Image: iStock/nd3000

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£50k-£100k plus bonus benefi...
London
Our client is a growing European consulting firm with an excellent pedigree. Their consultancy approach doesn’t just focus on making existing processes more efficient
£40k-£55k plus bonus benefit...
London
Our client is a leading global financial services business which is very well established in the UK. They are growing their procurement operation and are looking for a Consultant with good indirect
€90,000 plus bonus, benefits
Germany - Munich
Our  client is a growing specialist strategy consulting firm who are growing internationally and are looking to augment their team in Germany.  We have a requirement for a good German
£200-£300+ /day
Central London
Our client is an employee led organisation that has been set up to inspire and prepare young people for the fast-changing world of work. Its role is to act as a catalyst in the fragmented landscape of
£60k-£80k plus bonus, benefi...
Central London
Strategy Consultant for Swedish consultancy organization with global reach - Central London£60k-£80k plus extensive benefits Our client is a key region within a Swedish consltancy