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In a time of unprecedented change and disruption, the role of business consultants is more important than ever, as organizations seek out advice and guidance on how to overcome the myriad complex challenges they face and improve business performance.
The consulting services sector has expanded at a relatively fast pace in the last several years despite the COVID-19 pandemic. This trend is expected to continue over the coming years, with industry revenue forecast to grow by an annualized rate of 2.6% over the five years to 2027, to $789.7 billion, according to Ibis World.
In this edition of the Library Newsletter we offer a selection of resources to help users better understand the consulting industry, including the broad range of career opportunities it offers to MBA graduates. In 2022, 91 percent of employers from the consulting industry said they intended to hire MBAs.
1. Industry Overview: Statistics & Analysis
Statista
– Consulting Services Industry Worldwide
– Global Consulting Services Industry
– Consulting Services Industry in US
– Consulting Statistics
MarketLine
Search for Management & Marketing Consultancy limiting by “Industry profiles”. You will retrieve several profiles by country.
IBISWorld (currently on trial)
– Management Consultants in Spain
– Global Management Consultants
– Management Consulting in the US
– Environmental Consulting in the US
Business Source Ultimate
Includes Barnes Reports and CFRA Industry Surveys.
• Barnes Reports:
– US Environmental Consulting Services Industry
– US Marketing Consulting Services Industry
– Worldwide Management Consulting Services Industry (NAICS 54161)
• CFRA Industry Surveys:
– IT Consulting & Other Services
2. Companies & Rankings
Search by company name or by industry classification:
Orbis
MarketLine
S&P Capital IQ
• Consulting firms rankings:
Firsthand (Vault). First-time users must register.
Go to Firsthand, search for Consulting and scroll down to the Rankings section.
Consultants across the nation rate the top firms in their practice areas. For example, Best Consulting Firms for Economic Consulting, Best Consulting Firms for Energy Consulting, Best Consulting Firms for Financial Consulting, etc.
Forbes. World Best Management Consulting Firms
Forbes. Americas Best Management Consulting Firms
Fortune Great Place to Work rankings
Fortune. 25 Best Large Workplaces in Consulting and Professional Services
Fortune. 50 Best Small and Medium Workplaces in Consulting and Professional Services
Poets&Quants Top 50 Consulting Firms to Work for in 2022
Statista
– Consulting Services Industry Worldwide
Consultancy.org
Their other platforms serve the US (Consulting.us), Canada (Consulting.ca), Europe (Consultancy.eu), Asia (Consultancy.asia), the Middle East (Consultancy-me.com), Africa (Consultancy.africa), Latin America (Consultancy.lat), United Kingdom (Consultancy.uk), the Netherlands (Consultancy.nl), India (Consultancy.in), South Africa (Consultancy.co.za) and Australia (Consultancy.com.au).
3. Literature
• News
FT.com
– News on Management Consulting
– Special Report. Consulting in Emerging Markets
• Journals
• Books & Articles
Discovery. Articles & Books on Consulting
Business Source Ultimate. Articles on Consulting
4. Career Guides
Firsthand (Vault). First-time users must register.
Click on “Guides” and then select “Consulting” to get access to:
– Vault Career Guide to Consulting
– Consulting jobs
– Vault Guide to Case Interviews
Discovery. Case Interview Books
5. Associations & Organizations
Institute of Management Consultants USA