Management consultants saw a healthy increase in fee income during 2012, with smaller firms picking up international assignments.
Members of the Management Consultancies Association (MCA) posted £9 billion in fee income. A third of MCA members expect overseas income to rise slightly, while a fifth expect it to rise significantly.
Construction and transport were listed as the two biggest growth areas for 2012. Emerging economies were also a strong market for consultants with global businesses expanding into new territories.
Consulting in the IT sector represented a fifth of the fee income. Financial systems, operational performance and project management represented two-thirds of the fee income as a whole.
The Big Four firms also performed well in 2012,above the market average. MCA chief executive Alan Leaman says ‘We are seeing more and more major accounting firms promoting in the consulting space.’