The employment in the management consultancy sector in Germany has shown a consistently positive trend over the past decade, growing from 117.93 thousand full-time equivalents in 2013 to 179.88 thousand in 2023. This represents significant year-on-year variations with peaks in growth rates such as 12.73% in 2014 and a notable dip of -10.95% in 2020 due to the COVID-19 pandemic. Despite this setback, the sector rebounded strongly with 8.81% in 2021 and a steady growth of 5.48% in 2023. The compound annual growth rate (CAGR) over the last five years up to 2023 stands at 2.64%.
Looking ahead, the employment in this sector is forecasted to continue its growth, albeit at a slightly moderate pace. By 2028, it is expected to reach 206.69 thousand full-time equivalents with a forecasted 5-year CAGR of 2.2% starting from 2023 and an overall growth rate of 11.51% over this period.
Future trends to watch for include: potential impacts of digital transformation, shifts in consulting services demand towards technology and sustainability, and the sector’s adaptability to remote working models. These factors could play significant roles in shaping the trajectory of employment in the management consultancy sector in Germany.
