What is the Management Consulting industry in the US?

Industry Definition

Operators in the Management Consulting industry advise businesses, nonprofits and public-sector agencies in areas such as organizational design, human resources, corporate strategy, information technology strategy, marketing and sales, finances and logistics. This industry excludes operators providing day-to-day administrative services and those that are concentrated in recruitment, training, public relations, market research, engineering, computer systems design and investment advice.

Industry Products and Services

  • Corporate strategy

  • Marketing and sales

  • Organizational design

  • Process and operations management

  • Human resources advisory

  • Financial advisory

  • IT strategy

Industry Activities

  • Actuarial, employee benefits and compensation

  • Consulting services

  • Administrative and general management consulting services

  • Marketing consulting services

  • Process and logistics consulting services

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Industry Statistics

$253bn