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Why the Consultant Business is Booming

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With the exiting of the baby boomers from the work force - knowledge and skills are leaving at an alarming rate. For small business looking to keep costs in line, the use of consultants to fill holes is increasing at a dramatic rate.

In 2012 in America the field of Management Consulting alone generated revenue in excess of 160 Billion.... How much is that? For perspective, let's use one second as one dollar - so 160 Billion in these terms is 308,219 years. On top of this, according to the United States Department of Labor there are 540,440 management consultants in America. Do the math, money versus dollars spent; this is perhaps one of the fastest growing fields today.

Maybe this is why consulting was ranked as #3 on CNN Moneys Top 100 best jobs in America? The world is changing, and the rate and pace of that change is increasing. Business today requires expertise, and they require it on the drop of a dime! Gone are the days of in house experts for anything and everything.... In the world of business, skilled labor is in demand, and there isn't enough to go around. Management Consulting firms are on the hunt for qualified individuals with an annual median income of in excess of 78,160 in 2010 for those individuals.


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