The Swiss management consulting market has reached the CHF 2 billion (€1.8 billion) threshold for the first time in 2017, according to the latest available figures. The Swiss consultancy industry is set for further growth this year, and will likely next year break through the €2 billion mark.
Data sourced from ASCO – the Swiss association for management consulting firms – shows that the Swiss consulting market is enjoying rapid expansion on all fronts. Following a succession of bullish years for the sector, the Swiss consulting market has managed to double in the space of 15 years. To illustrate the extent of its expansion, Switzerland’s advisory landscape has seen growth more than twice as high as gross domestic product (GDP) growth of the whole of Switzerland in the same period.
While the landlocked Alpine nation has always maintained an impartial relationship with the EU, and is not a member of the union, its geographical situation means that some 80% of consulting turnover is sourced from clients in the EU, while only 20% comes from outside the block of 28 nations. Accounting for around 11% of the DACH region’s consulting market, Switzerland’s larger management consulting firms employ roughly 6,400 employees, consisting of 90% professionals and 10% staff. These are spread across over 600 , of which large firms maintain a steady dominance of the Swiss market.
