Recently, we highlighted the rise of boutique consulting firms, and how firms like Croixstone address inefficiencies inherent with traditional, big company consulting models. Interestingly, Accounting Today published an article with data that shows that nearly 75% of Big Four consulting projects cost more that clients anticipated.
The data comes from a survey conducted by Source Global Research which found that U.S. companies generally expect to pay $2,000 – $5,000 per day for a management consultant. That said, 70% of Big Four consulting projects end up costing more than the client’s initial estimate, while 18% of the projects cost significantly more. Only 2% of Big Four consulting projects end up costing less than senior executives at client companies expected.
Read the article published by Accounting Today here (free registration may be required).