Financial services 'dominate consulting market'

David Harvey our consultant managing the role

Financial services firms are the biggest players in the UK's burgeoning management consulting market, according to a new study released by Source Information Services.

The sector is growing by around seven per cent annually and is now worth around £1.8 billion to the economy, reports Accountancy Age.

In addition to highlighting just how successful the industry has been over the last few years despite the economically uncertain conditions it has faced, this research also highlights the importance of diversification among financial services firms.

Fundamentally, they are no longer merely concerned with cash and investment, instead offering a more holistic, broad-based service to clients.

The market for these firms is expected to grow by between five and ten per cent over the course of 2014.

Edward Haigh, a director of Source and an author of the report, told the news provider the prospects for the future look good.

Financial services has expanded while being dominated by work connected with regulation and remediation, with the Big Four firms at the forefront of this movement - they grew at twice the rate of their competitors.

New areas have been demanding help from consultants, with firms across various industries keen to cut costs.

"The star of the show will probably be the retail sector, which is grappling with the challenges it faces in a multi-channel environment and calling on consultants to help it as it does. Retailers drive a hard bargain and will often expect consultants to commit to delivering specified outcomes, but we still expect double-digit growth in the sector's consulting market," explained Mr Haigh.

In general, technological advances are playing a major role in the demand for expert business advice, with organisations keen to keep track of their return on investment when spending big on new processes.

However, cost-cutting still plays a major part in the consultancy role, the report revealed.

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

Finance Operations Analyst

Salary:

£40,000 - £50,000 per annum

Location:

Chester, Cheshire

Industry

Consumer & Retail

Qualification

None specified

Market

Financial Services

Salary

£50,000 - £60,000

Job Discipline

Treasury

Contract Type:

Permanent

Description

Finance Operations Analyst in Securitisations | £50,000 | Chester | Hybrid

Reference

BBBH180492

Expiry Date

01/01/01

Megan Smith

Author

Megan Smith
Megan Smith

Author

Megan Smith
Find out more
Senior Accounts Payable Assistant

Salary:

£27,000 - £32,000 per annum

Location:

Harrogate, North Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Senior Accounts Payable role - Harrogate - Up to £30k!

Reference

BBBH180382

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Finance Manager

Salary:

£50,000 - £60,000 per annum + + Benefits

Location:

Glasgow

Industry

Property and Infrastructure

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Finance Manager required for well established real estate group!

Reference

BBBH180362

Expiry Date

01/01/01

Jaden Alie

Author

Jaden Alie
Jaden Alie

Author

Jaden Alie
Find out more
Business Advisory Tax Manager / Senior Manager

Salary:

£50,000 - £65,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Business Advisory Tax Manager or Senior Manager with a top 30 accountancy firm based in Leeds

Reference

BBBH180452

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
Valuations - Head of UK - Alts

Salary:

Negotiable

Location:

City of London, London

Industry

Investment Management

Qualification

Fully qualified

Market

Financial Services

Salary

£125,000 - £175,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Superfund expanding their Valuations department hiring a Lead for their non-property unlisted assets

Reference

BBBH180483

Expiry Date

01/01/01

Cliodhna Lynch Find out more
Senior Credit Controller

Salary:

Up to £35,000 per annum

Location:

Kingston Upon Hull, East Riding of Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Senior Credit Controller - Hull - £30,000

Reference

BBBH180478

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
Billing Coordinator

Salary:

£15 - £16 per hour

Location:

Tidworth, Wiltshire

Qualification

None specified

Market

Commerce & Industry

Salary

£100 - £150

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Billing & Credit Coordinator - 6 month FTC - Tidworth (Hybrid) - £15-£16 per hour

Reference

BBBH180424

Expiry Date

01/01/01

Neil Burton

Author

Neil Burton
Neil Burton

Author

Neil Burton
Find out more
View all jobs