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Consultancy Turnover Rate

 
#1 Consultancy Turnover Rate
25/02/2013 15:30

Jane Gois

Hi,

Can anyone help me in locating some information on this industry's average turnover rate? I can find UK average but not for management consultancies.

If it is on this site then I have missed it and would be grateful if someone could point me in the right direction.

Thank you in advance.

Jane

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#2 RE: Consultancy Turnover Rate
25/02/2013 16:59

Bushy Eyebrow Partner to Jane Gois (#1)

Hiya Jane,

A rule of thumb is that a typical consultant within an "up and out" environment would be expected to last about 2-3 years. In companies that don't have an "up or out" policy, the turnover rates would be lower - not sure by how much, but would expect 6 or 7 years possibly to be typical?

Also, bear in mind how the "pyramid" model means that people have to move on in order to progress their careers... (not every analyst will become a senior consultant, and not ever senior consultant will become a partner, and so on... simply because there are fewer SCs than there are analysts and fewer partners than there are SCs etc)

Hope that helps a little?

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#3 RE: Consultancy Turnover Rate
25/02/2013 17:29

tom1 to Jane Gois (#1)

I've heard somewhere (but can't remember where!) that on average consultancy/prof services firms will effectively replace their organisation every 3 years.

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#4 RE: Consultancy Turnover Rate
25/02/2013 17:42

Arby the Manager to tom1 (#3)

Looking on my firm's site - >80% of people joined after me.... Something to think about eh in a firm of nearly 250,000 people...

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#5 RE: Consultancy Turnover Rate
28/02/2013 14:17

YoungMaverick to Arby the Manager (#4)

Arby is so Accenture.

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#6 RE: Consultancy Turnover Rate
28/02/2013 14:22

YoungMaverick to YoungMaverick (#5)

or potentially big 4? hmmmmm

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#7 RE: Consultancy Turnover Rate
28/02/2013 23:00

Arby the Manager to YoungMaverick (#5)

How did you guess? I hid my tracks so well.... :) Yes, I'm Accenture...

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#8 RE: Consultancy Turnover Rate
01/03/2013 16:37

Bravehearted to YoungMaverick (#6)

You gave it up with the headcount. None of the Big 4 have up to 200k people.

Accenture have 270k - ish.

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#9 RE: Consultancy Turnover Rate
02/03/2013 11:41

Poseidon to Bravehearted (#8)

You gave it up with the headcount. None of the Big 4 have up to 200k people.

Accenture have 270k - ish.

Deloitte have 190k-ish (2012) :)

I've heard that the average length someone stays at McKinsey is 3 years (including those staying for many years becoming partners).

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#10 RE: Consultancy Turnover Rate
02/03/2013 11:47

EarlyDoors to Poseidon (#9)

Accenture has something on their website that shows how many of the population joined after you.

However, this includes the full workforce - programmers in Bangalore, nurses in Manila, HR reps in Dublin.

UK Consulting is a tiny proportion of the 250k.

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