Management consultants add £56bn value to clients

Management consultants add £56bn of value to their clients, according to its industry body.

The Management Consultancies Association's (MCA) analysis of 1,800 consultig projects found that the majority of projects generate returns between two and 20 times their cost.

Alan Leaman, MCA chief executive, said: “Too many conversations about consulting start and end with the assumption that it is just a cost; we can now see that there is a significant return on this investment as well. This work is based exclusively on the views and experience of clients and the methodology was cautious.”

Further reading:

Watch Accountancy Age TV's interview with Alan Leaman on the MCA analysis