MCA End of Year Review – Consulting Industry in Good Shape

(So what did you want? A picture of some management consultants)?

There are various end-of-year type reports and articles coming out as you might expect, and one that is well worth reading is the briefing from the Management Consultancies Association (MCA). In this article on the MCA website, Paul Connolly, MCA Think Tank Director, summarises the MCA End of Year Report 2015.

“The MCA End of Year Report 2015 paints a picture of a consulting industry that is in good shape. Based on an opinion survey of our members, conducted in September and October this year, the report outlines MCA firms’ expectations for the year and their predictions for 2016. The full report is available free for members and can be purchased by non-member firms. This year, for the first time, we have also published the nine interviews conducted for the report as a separate, freely available document”.

In terms of how the industry has performed this year, digital is a big growth area for consulting firms, not surprisingly, and most are positive about the economy and their own outlook for 2016, “ with substantial numbers even anticipating double-digit growth. Many will continue to recruit, add new capabilities and offers, and target new markets”.

But it is not all good news – the energy sector was unsurprisingly weak, and perhaps less predictably, “human capital and environmental service-line revenues had contracted”. In the UK public sector, it has been a mixed picture; “since the Election, with its surprise outcome, while many MCA firms have remained active, some have noticed a drop in intensity, suggesting that Whitehall officials paused projects pending the Spending Review conclusions”.

It is well worth reading the whole piece if you have any interest in this market or spend category. Connolly also mentions something which is going to be big news for the MCA next year. “Nevertheless, interviewees for the report expressed a desire to do even more. The MCA’s Consulting Excellence initiative will celebrate the role of high-quality advice services in supporting economic and public service transformation”.

We look forward to reporting more about that interesting MCA Consulting Excellence initiative in 2016, and we will also be catching up on their plans for the Consultancy Buyers Forum.

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