NAICS 54161
What is the NAICS code 54161?
The NAICS code 54161 is applied to those industries related to Management Consulting Services.
This industry comprises establishments primarily engaged in providing advice and assistance to businesses and other organizations on management issues, such as strategic and organizational planning; financial planning and budgeting; marketing objectives and policies; human resource policies, practices, and planning; production scheduling; and control planning.
Illustrative examples:
- Actuarial, benefit, and compensation consulting services
- Human resources consulting services
- Marketing consulting services
- Administrative and general management consulting services
- Process, physical distribution, and logistics consulting services
Therefore, all companies engaged in any industrial activity related to this type of business are grouped under category 54161 in the North American Industry Classification System.
This industrial activity of NAICS code is structured as follows:
- 54 - Professional, Scientific, and Technical Services
- 541 - Professional, Scientific, and Technical Services
- 5416 - Management, Scientific, and Technical Consulting Services
- 54161 - Management Consulting Services
Characteristics of the North American Industry Classification System code 54161
NAFTA
This NAICS code is used in the trilateral agreement of the three members of the North American Free Trade Agreement (NAFTA): United States, Canada, and Mexico.
Related codes
The NAICS industry 54161 has the following cross-references:
- Establishments primarily engaged in administering, overseeing, and managing other establishments of the company or enterprise (except government establishments) are classified in Industry 55111, Management of Companies and Enterprises.
- Establishments primarily engaged in advertising and public relations are classified in Industry Group 5418, Advertising, Public Relations, and Related Services.
- Establishments primarily engaged in arranging transportation of freight between shippers and carriers are classified in Industry 48851, Freight Transportation Arrangement.
- Establishments primarily engaged in developing and conducting marketing research or public opinion polling are classified in Industry 54191, Marketing Research and Public Opinion Polling.
- Establishments primarily engaged in listing employment vacancies and in recruiting, referring, and placing applicants in employment are classified in Industry 56131, Employment Placement Agencies and Executive Search Services.
- Establishments primarily engaged in operating warehousing and storage facilities and providing related logistics services are classified in Industry Group 4931, Warehousing and Storage.
- Establishments primarily engaged in planning and designing computer systems are classified in Industry 54151, Computer Systems Design and Related Services.
- Establishments primarily engaged in planning and designing industrial processes and systems are classified in Industry 54133, Engineering Services.
- Establishments primarily engaged in professional and management development training are classified in Industry 61143, Professional and Management Development Training.
- Establishments primarily engaged in providing a range of day-to-day office administrative services, such as financial planning, billing and recordkeeping, personnel, and physical distribution and logistics, are classified in Industry 56111, Office Administrative Services.
- Establishments primarily engaged in providing executive search, recruitment, and placement services are classified in Industry 56131, Employment Placement Agencies and Executive Search Services.
- Establishments primarily engaged in providing financial investment advice services are classified in Industry 52394, Portfolio Management and Investment Advice.
- Government establishments primarily engaged in administering, overseeing, and managing governmental programs are classified in Sector 92, Public Administration.
Related activities
Below are some of the most common types of activities in the Management Consulting Services industry (NAICS Code 54161).
- Administrative management consulting services
- Business management consulting services
- Business start-up consulting services
- Financial management consulting (except investment advice) services
- General management consulting services
- Medical office management consulting services or consultants
- Records management consulting services
- Reorganizational consulting services
- Site location consulting services
- Site selection consulting services
- Strategic planning consulting services
