MCA members see fee growth
Despite concerns over global recession and the strong pound, members of the Management Consultancies Association have posted a 9 percent rise in earnings. The third-quarter survey of member earnings represents continuous growth since January. Firms remain confident of further growth over the next six months and are intending to maintain their current levels of recruitment as long as, “we are not talked into recession”, as one member put it.
Bruce Petter, executive director of the Association said: “Although the majority of our members have managed to record a growth in fees over the last quarter there are grounds for concern about future expansion. However, record numbers of individuals are entering the industry and most firms remain broadly optimistic in the face of some gloomy economic news.” The majority believe that EMU would go ahead as planned and on time on 1 January 1999.