Analysis
NAICS 5416 is the 2022 industry group for management, scientific, and technical consulting services, part of 541 (Professional, Scientific, and Technical Services). Census lists 76 example activities under it in the official index.
Between 2018 and 2023 the number of establishments grew 24% and employment rose 30%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
County Business Patterns counts 225,945 US establishments in this code in 2023, employing 1,736,343 people at an average annual payroll of $106,100 per employee (87th percentile of national industries). 82% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 1st of the 9 codes at this level within Professional, Scientific, and Technical Services, with 22.8% of them.
Across its national industries Census lists 76 index entries; typical ones are administrative management consulting services, actuarial consulting services (except insurance actuarial…, customer service management consulting services and customs consulting services.
It splits into 3 more detailed codes. The largest by establishments is 54161 (Management Consulting Services) with 188,206.
Official definition
This industry group comprises establishments primarily engaged in providing advice and assistance to businesses and other organizations on management, environmental, scientific, and technical issues.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (76)
- Administrative management consulting services
- Actuarial consulting services (except insurance actuarial services)
- Customer service management consulting services
- Customs consulting services
- Telecommunications management consulting services
- Ecological restoration consulting services
- Agricultural consulting services