Industry Description
Establishments primarily engaged in furnishing operating counsel and assistance to managements of private, nonprofit, and public organizations. These establishments generally perform a variety of activities, such as strategic and organizational planning; financial planning and budgeting; marketing objectives and policies; information systems planning, evaluation and selection; human resource policies and practices planning; and production scheduling and control planning. These establishments are characterized by the breadth and scope of the problems they address.
Business Examples
Common types of business activities within US SIC 8742 - Management Consulting Services are:
- Administrative management consultants
- General management consultants
- Human resource consultants
- Management engineering consultants
- Management information systems consultants
- Manufacturing management consultants
- Marketing consultants
- Operations research consultants
- Personnel management consultants, except employment service
- Physical distribution consultants
- Site location consultants
IBISWorld Industry Research Report
Management Consulting in the US (54161)
Revenue 2025
$407.3bn
Growth 2025
1.10%
Key Trends
Technological change in client markets will spur demand for various consulting services, but challenge profit margin growth
Conflicting factors have affected demand for industry services amid the COVID-19 pandemic
Outsourcing R&D to consulting firms is expected to benefit the industry
Products and Services
US-SIC Hierarchy 8742 - Management Consulting Services
US-SIC Code 8742 - Management Consulting Services sits in the 2-digit Management Consulting Services sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: I
Division Title: Services
2 Digits 3 Digits 4 Digits
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701 Hotels and Motels
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702 Rooming and Boarding Houses
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703 Camps and Recreational Vehicle Parks
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704 Organization Hotels and Lodging Houses, On
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721 Laundry, Cleaning, and Garment Services
- 7211 Power Laundries, Family and Commercial
- 7212 Garment Pressing, and Agents for Laundries and Drycleaners
- 7213 Linen Supply
- 7215 Coin-Operated Laundries and Drycleaning
- 7216 Drycleaning Plants, Except Rug Cleaning
- 7217 Carpet and Upholstery Cleaning
- 7218 Industrial Launderers
- 7219 Laundry and Garment Services, Not Elsewhere Classified
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722 Photographic Studios, Portrait
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723 Beauty Shops
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724 Barber Shops
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725 Shoe Repair Shops and Shoeshine Parlors
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726 Funeral Service and Crematories
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729 Miscellaneous Personal Services
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731 Advertising
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732 Consumer Credit Reporting Agencies, Mercantile
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733 Mailing, Reproduction, Commercial Art and Photography, and Stenographic Services
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734 Services To Dwellings and Other Buildings
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735 Miscellaneous Equipment Rental and Leasing
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736 Personnel Supply Services
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737 Computer Programming, Data Processing, and Other Computer Related Services
- 7371 Computer Programming Services
- 7372 Prepackaged Software
- 7373 Computer Integrated Systems Design
- 7374 Computer Processing and Data Preparation and Processing Services
- 7375 Information Retrieval Services
- 7376 Computer Facilities Management Services
- 7377 Computer Rental and Leasing
- 7378 Computer Maintenance and Repair
- 7379 Computer Related Services, Not Elsewhere Classified
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738 Miscellaneous Business Services
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751 Automotive Rental and Leasing, Without Drivers
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752 Automobile Parking
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753 Automotive Repair Shops
- 7532 Top, Body, and Upholstery Repair Shops and Paint Shops
- 7533 Automotive Exhaust System Repair Shops
- 7534 Tire Retreading and Repair Shops
- 7536 Automotive Glass Replacement Shops
- 7537 Automotive Transmission Repair Shops
- 7538 General Automotive Repair Shops
- 7539 Automotive Repair Shops, Not Elsewhere Classified
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754 Automotive Services, Except Repair
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762 Electrical Repair Shops
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763 Watch, Clock, and Jewelry Repair
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764 Reupholstery and Furniture Repair
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769 Miscellaneous Repair Shops and Related Services
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781 Motion Picture Production and Allied Services
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782 Motion Picture Distribution and Allied Services
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783 Motion Picture Theaters
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784 Video Tape Rental
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791 Dance Studios, Schools, and Halls
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792 Theatrical Producers (except Motion Picture),
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793 Bowling Centers
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794 Commercial Sports
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799 Miscellaneous Amusement and Recreation
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801 Offices and Clinics of Doctors of Medicine
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802 Offices and Clinics of Dentists
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803 Offices and Clinics of Doctors of Osteopathy
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804 Offices and Clinics of Other Health Practitioners
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805 Nursing and Personal Care Facilities
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806 Hospitals
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807 Medical and Dental Laboratories
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808 Home Health Care Services
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809 Miscellaneous Health and Allied Services, Not
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811 Legal Services
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821 Elementary and Secondary Schools
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822 Colleges, Universities, Professional Schools, and
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823 Libraries
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824 Vocational Schools
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829 Schools and Educational Services, Not Elsewhere
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832 Individual and Family Social Services
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833 Job Training and Vocational Rehabilitation
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835 Child Day Care Services
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836 Residential Care
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839 Social Services, Not Elsewhere Classified
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841 Museums and Art Galleries
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842 Arboreta and Botanical Or Zoological Gardens
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861 Business Associations
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862 Professional Membership Organizations
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863 Labor Unions and Similar Labor Organizations
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864 Civic, Social, and Fraternal Associations
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865 Political Organizations
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866 Religious Organizations
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869 Membership Organizations, Not Elsewhere
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871 Engineering, Architectural, and Surveying
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872 Accounting, Auditing, and Bookkeeping Services
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873 Research, Development, and Testing Services
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874 Management and Public Relations Services
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881 Private Households
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899 Miscellaneous Services
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Extended US-SIC Hierarchy for 8742 - Management Consulting Services
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 8742 - Management Consulting Services. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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874201 Business management consultants
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874202 Factory locating consultants
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874203 Personnel consultants
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874204 Labor relation consultants
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874205 Publishing consultants
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874206 Planners-professional
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874207 Site planners
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874208 Safety consultants
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874210 Travel marketing
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874212 Energy conservation & mgmt consultants
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874213 Marketing programs & services
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874214 Marketing consultants
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874215 Consultants-referral service
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874216 Employee benefit consultants
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874217 Electric rate consultants
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874218 Electrical consultants
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874219 Golf course consultants
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874220 Hazardous chemical consultants
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874221 Historical restoration consultants
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874222 Human resource consultants
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874223 Instrumentation indicating cntrl cnsltnt
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874224 Invention consultants & brokers
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874225 Marine resource consultants
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874226 Specifications consultants
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874227 Sports consultants
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874230 Quality control consultants
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874231 Library support services
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874232 Risk management consultants
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874234 Records-management consultants
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874235 Power plant consultants
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874236 Asset protection consultants
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874237 Fallout shelters-consultants
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874238 Gaming consultants
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874239 Fire protection engineers
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874240 Library consultants
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874241 Consultants-support services
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874242 Health care management
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874243 Dental practice-management & consultants
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874244 Disability accessibility compliance
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874245 Candy & confectionery-consultants
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874246 Metric conversion consultants
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874247 International marketing
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874248 Multi-level marketing
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874249 Management research
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874251 Solar heating consultants
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874252 Soil consultants
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874253 Survival training
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874254 Employees suggestion system
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874255 Utility bill consultants
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874257 Laboratory set-up consultants
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874258 Systems consultants
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874260 Natural resources consultants
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874261 Navigation consultants
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874263 Point of sale
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874264 Consulting services
8 Digit SIC Codes
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87420000 Management consulting services
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87420100 Industrial and labor consulting services
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87420101 Automation and robotics consultant
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87420102 Industrial consultant
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87420103 Industrial hygiene consultant
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87420104 Maintenance management consultant
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87420105 Management engineering
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87420106 Manufacturing management consultant
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87420107 Quality assurance consultant
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87420200 Human resource consulting services
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87420201 Compensation and benefits planning consultant
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87420202 Incentive or award program consultant
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87420203 Labor and union relations consultant
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87420204 Personnel management consultant
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87420205 Programmed instruction service
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87420206 Training and development consultant
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87420300 Marketing consulting services
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87420301 Distribution channels consultant
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87420302 Franchising consultant
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87420303 Merchandising consultant
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87420304 New products and services consultants
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87420305 Sales (including sales management) consultant
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87420400 Industry specialist consultants
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87420401 Banking and finance consultant
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87420402 Construction project management consultant
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87420403 Food and beverage consultant
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87420404 Hospital and health services consultant
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87420405 Public utilities consultant
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87420406 Real estate consultant
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87420407 Restaurant and food services consultants
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87420408 Retail trade consultant
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87420409 School, college, university consultant
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87420410 Transportation consultant
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87420500 Business planning and organizing services
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87420501 Corporate objectives and policies consultant
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87420502 Corporation organizing consultant
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87420503 Materials mgmt. (purchasing, handling, inventory) consultant
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87420504 New business start-up consultant
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87420505 Planning consultant
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87429900 Management consulting services, nec
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87429901 Administrative services consultant
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87429902 Business management consultant
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87429903 Foreign trade consultant
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87429904 General management consultant
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87429905 Management information systems consultant
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87429906 Productivity improvement consultant
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87429907 Site location consultant
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87429908 Financial consultant
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US SIC Code Directory
Each US SIC Code is part of a Division, which corresponds with a numerical range. Select a Division category from the table below, then drill down to discover the industries within that Division.
