Management consultants shift down

When economic times are good, and profit growth is strong, demand for management consultants to assist in growth and expansion is great.

When the economy experiences a downturn, such as Australia is experiencing in 2009, many of the same clients look to consultants to assist in downsizing, or developing cost-cutting operations to protect balance sheets while revenue plummets.

In 2008-09, this industry will enjoy some revenue growth, despite the dire economic outlook. IBISWorld estimates that over the five years to 2008-09 industry revenue will increase at an average annualised rate of 5.1%.