PracticeConsultingMCA members see rising revenues

MCA members see rising revenues

Members of the Management Consultancies Association (MCA) have reported revenues of £953m for the third quarter of 2000. This represents a rise of some 16% over comparable figures for the 3rd quarter of 1999 and gives projected MCA revenues for 2000 of around £4bn.

Fee income for IT consultancy showed a particularly strong increase (14%) on the previous quarter. This reflects the work being done with established “bricks and mortar” organisations to enable them to take advantage of the commercial opportunities offered by the Internet. A positive outlook for 2001 is reflected in healthy recruitment targets. All firms interviewed were planning to recruit more consultants in 2001 than in 2000 with over a quarter of firms planning to take on more than 200. It is estimated that around 3,000 new consultants will be recruited by MCA firms next year, an increase of 17%.

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