The IC offers several grades of membership, qualifications, training and awards as well as a range of tools and resource to support members.
Having changed its name during the 1990s to the Institute of Management Consultancy to enable corporate membership, the organisation began discussions about merging with the CMI in 2005.
This led to the IMC becoming an organisation within the CMI later that year, but the two institutes remained as separate entities.
At the time of the merger with CMI, the IMC were themselves approached by the Institute of Business Advisors (IBA) about combining membership.
After lengthy discussions, the IMC and IBA merged in 2007 to become the Institute of Business Consulting, an amalgamation of their two previous names.