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December 2019

Management Consulting

Management Consulting has a number of benefits including a fresh outside perspective, rapid decision making, potential cost savings, etc. Given these advantages, it is not surprising that the industry’s services are popular, representing a $259b market in 2019 according to IBISWorld, and growing (3% over the last 5 years). Further, the number of management consulting businesses has grown by 3% over that same time period. Despite an increasing number of business openings in the space, M&A activity has been brisk, as smaller firms attempt to achieve scale to compete for larger, and more lucrative contracts.