In 2023, the average revenue per employee of management consultancies worldwide was approximately 175,000 U.S. dollars per year. The average annual revenue per employee of management consultancies worldwide decreased overall between 2015 and 2023.
Employee billable utilization is the time spent on billable tasks divided by the total amount of time available to work.
Factors than influence average revenue per employee
There are several factors that influence average revenue per employee. When the employee billable utilization at professional service organizations worldwide is taken into account, management consulting came out with an average billable utilization of nearly 70 percent. Another factor is the share of projects delivered on time by management consultancies, with this figure never falling below 79 percent since 2015. As these figures have remained relatively high, consultants have been able to demand higher salaries than other industries owing to high stakes and effective nature of the work that is done.
Average revenue per employee of management consultancies worldwide from 2015 to 2023
(in 1,000 U.S. dollars)
Characteristic
Annual revenue per employee in thousand U.S. dollars
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Sage. (February 13, 2024). Average revenue per employee of management consultancies worldwide from 2015 to 2023 (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/936922/management-consultancies-worldwide-revenue-per-employee/
Sage. "Average revenue per employee of management consultancies worldwide from 2015 to 2023 (in 1,000 U.S. dollars)." Chart. February 13, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/936922/management-consultancies-worldwide-revenue-per-employee/
Sage. (2024). Average revenue per employee of management consultancies worldwide from 2015 to 2023 (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/936922/management-consultancies-worldwide-revenue-per-employee/
Sage. "Average Revenue per Employee of Management Consultancies Worldwide from 2015 to 2023 (in 1,000 U.S. Dollars)." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/936922/management-consultancies-worldwide-revenue-per-employee/
Sage, Average revenue per employee of management consultancies worldwide from 2015 to 2023 (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/936922/management-consultancies-worldwide-revenue-per-employee/ (last visited September 01, 2024)
Average revenue per employee of management consultancies worldwide from 2015 to 2023 (in 1,000 U.S. dollars) [Graph], Sage, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/936922/management-consultancies-worldwide-revenue-per-employee/