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Start popping those Champagne corks – for strategy consulting is showing signs of a rebound. After almost 4 years of subdued activity at the Bs & Ms of the consulting world, strategy consultancies are finally turning a corner… and turning the recruitment pipes back on again in the process.
It’s been a lingering concern for both Partners and the City that the consulting recovery to date has been somewhat half-hearted.
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| Consulting-Times E-zine
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Fee volumes and recruitment have both picked up for sure, but private sector work – and most notably strategy consulting – had stubbornly refused to recover to the same extent as other areas of business consulting.
Until now that is.
The participation of firms like the Boston Consulting Group, Booz Allen Hamilton and A.T. Kearney at the forthcoming Management Consultancy careers event suggests the sector has reached a turning point at last. Talk to the top brands and you learn that MBA recruitment drives are now finally back on the agenda after 3 years’ of muted activity. There seems finally to be a genuine interest in recruiting new talent – both experienced hires from industry and top talent from within the consulting world.
At the aggregate level, increasing recruitment activity is always down to one of two things. Either there’s a growing retention problem and firms are recruiting just to stand still… or the pipeline of new work is building up and firms genuinely expect to grow. The encouraging thing talking to strategy consultancies right now is that it seems genuinely to be a growth in client orders that is rekindling their interest in recruitment.
Take Spectrum Strategy Consultants, the latest such firm to tell Top-Consultant.com that the market is picking up. A three-pronged rebound in client interest – from the public sector, the City and corporate clients – is leading to renewed confidence in the sector. Spectrum confirmed:
“After the difficulties in the telecoms and media sector of two or three years ago, Spectrum now has a much more positive outlook on its business and is steadily building increasing capability to serve clients across its sectors. As well as industry players, we are finding increasing appetite for our services among regulators, as they seek to influence the development of the digital world for customers, and among investors, as they begin to regain confidence in the potential for growth and value creation across the sector.”
In Spectrum’s core technology markets, a broad range of assignments is now being won from a diverse client base. Examples include:
working with the internet sector to accelerate the take up of broadband
working with broadcasters in promoting the migration to digital TV
working with mobile operators in developing and launching new content services
working with premium entertainment rights holders in taking advantage of the increasing range of digital channels becoming available.
Is this the experience you are having at your firm? If you work in strategy consulting and have anecdotal evidence of an upturn in activity, email [email protected]
Related links:
Strategy Consulting jobs @ Spectrum Strategy Consultants
London Careers Event for Management Consultants
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