McKinsey; KPMGl Bain; AlixPartners; Skye Gould/Business Insider
The coronavirus pandemic has disrupted the management-consulting industry.
The market for consultants has declined from $160 billion to an estimated $130 billion in 2020 because of decreased client demand, according to the research platform Statista. COVID-19 has forced firms to hold off on client projects, make significant changes to their internship programs and full-time positions, and solve crisis-related problems for their clients.