Tonight more than 200 partners, advisors and professionals active in UK’s consulting industry will be heading to the Park Plaza Westminster in London to attend the 18th edition of the MCA Awards. More than 20 prestigious awards will be handed out to individuals, projects members and consultancy firms that have in the past year have managed to stand out from the crowd.
Founded in 1956, the Management Consultancies Association (MCA) is the representative body for management consultancy firms in the UK. In the late ‘90’s the association launched the ‘MCA Awards’, a ceremony that aims at highlighting and recognising excellence in the industry. According to the MCA, UK consulting industry employs more than 80,000 consultants and is worth around £9 billion*, making it one of the most important segments within the professional services industry. To place performances within the industry under the spotlights, the MCA hands out a total of twenty-two awards, in individual categories, project categories and two overall awards – Project of the Year and Consultant of the Year.
In total, 30 consulting firms have been nominated for this years’ edition, with PwC the runaway favourite to scoop the most awards, followed by EY, KPMG, Arup, Deloitte and Grant Thornton. In the individual category, consultants are recognised across six different categories – five awards are given for excellence in functional areas (Change Management, Digital & Technology, Human Resources, Performance Improvement, Strategy) and one award will be received by the “best young consultant of the year.” For the latter category, nine young and talented advisors have been shortlisted, an overview:
Consulting Magazine and WEF
Last month US-based Consulting Magazine released a similar young consultant ranking – dubbed the ‘Rising Stars of the Profession’, the annual list presents the 35 most talented consultants under the age of 35 across the Atlantic. Another recent list that recognises the brightest young minds in the consultancy market, released by the World Economic Forum, included 10 Young Global Leaders that earn a living as a consultant.
* A recent report from analyst firm Source values the UK consulting industry at £6.4 billion.