Consulting market 'likely to grow'

Matthew Wilcox our consultant managing the role

The financial consulting market is likely to see a period of consolidation over the coming 12 months as client companies, lacking in-house resources and keen to deliver the best results possible to frustrated stake-holders, turn to external expertise for help.

According to joint managing director of Source Information Services Fiona Czerniawska, the slightly disappointing results seen in 2012 should not stop consultants from looking for growth in 2013.

Writing in Accountancy Age, she suggested that surveying organisations in the UK reveals that they have three major aims for the coming year - keeping costs down, growing their business and exploiting the opportunities offered by new technologies.

"There has been a marked increase in the importance clients appear to be attaching to implementation this year. Another word which we're hearing much more is transformation," added Ms Czerniawska.

While she admitted that the financial services sector does not appear to be looking for expansion quite as intensely as it has in previous years, attempts to modernise and embrace new technologies are still widespread.

However, the Source Information Services director admitted that consulting firms in the finance industry are unlikely to see major growth in the future as the Big Four audit firms take on more business in this area.

Many of the stated aims put forward by companies falls nicely into their wheelhouse, making it harder for their smaller businesses to pick up the trade they need.

What this means is that the industry, rather than expanding, is likely to change its approach and begin offering a different range of services to prospective clients.

"Opportunities exist and clients are more confident and willing to consider discretionary expenditure than they were this time last year. But the real story will be around the reshaping of the industry," concluded Ms Czerniawska.

A recent report suggested that more could be done to break the grip of the so-called big four audit firms on the industry, potentially offering more opportunities to small consultancy firms.

11/04/16
posts

Related articles

What's the latest on recruiting senior finance and accounting professionals?
What's the latest on recruiting senior finance and accounting professionals?

Teaser

Finance & Accounting

Content Type

General

25/04/24

Summary

Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons

Teaser

Our employment update for senior accounting and finance professionals.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

How technology is impacting the future of risk and compliance jobs
How technology is impacting the future of risk and compliance jobs

Teaser

Governance

Content Type

Fintech

18/04/24

Summary

The role of risk and compliance in financial services  As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine

Teaser

With no signs of slowing down, strong risk and compliance is now more important than ever.

Read full article
David Clamp

by

David Clamp

David Clamp

by

David Clamp

What does the future hold for private equity?
What does the future hold for private equity?

Teaser

Executive Search

Content Type

General

18/04/24

Summary

Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b

Teaser

Learn about emerging private equity job opportunities and more.

Read full article
Tracey Alper

by

Tracey Alper

Tracey Alper

by

Tracey Alper

jobs

Related jobs

Fund Controller - Renewables (6m Contract)

Salary:

+ pension & benefits

Location:

City of London, London

Industry

Investment Management

Qualification

Fully qualified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Newly Qualified Finance

Contract Type:

Contract

Description

Fund Controller - Renewables - 6m Fixed Term Contract

Reference

BBBH180368

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Fund Controller - Private Credit Funds

Salary:

£65,000 - £75,000 per annum

Location:

London

Industry

Private Equity

Qualification

Fully qualified

Market

Financial Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Fund Controller - Private Credit An excellent opportunity has arisen within a big player in the private credit sector who looking to hire a Fund Controller.

Reference

BBBH179469

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Corporate Tax Accountant (4 month contract)

Salary:

Up to £400 per day

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£350 - £450

Job Discipline

Tax

Contract Type:

Contract

Description

Corporate Tax Accountant (4-6 month contract)

Reference

BBBH178574

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Regulatory Reporting Accountant - Banking (Contract)

Salary:

£375 - £450 per day

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£350 - £450

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

An international corporate bank is currently seeking a regulatory reporting accountant to join their finance team on a contract basis.

Reference

BBBH180315

Expiry Date

01/01/01

Paul Roche

Author

Paul Roche
Paul Roche

Author

Paul Roche
Find out more
Deputy Finance Director

Salary:

£80,000 - £88,000 per annum + £7,000 Car Allowance + Benefits

Location:

Wilmslow, Cheshire

Industry

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Deputy Finance Director role working for an international technology business based just outside Wilmslow paying around £85,000 with car allowance.

Reference

BBBH179742

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Group Reporting Manager

Salary:

£65,000 - £73,000 per annum + Excellent Benefits Package

Location:

Manchester, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Group Finance Manager role paying circa £70,000 based in Manchester city centre for a listed organisation offering a hybrid working model.

Reference

BBBH180230

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
View all jobs