Consulting is the second favourite career choice of new graduates. With good starting salaries, great colleagues and a breadth of different roles and experiences available, its easy to see why.
Is consulting a good career path?
Joining a consulting firm is one of the quickest and most effective ways to build a vast and valuable network. The large network you build will likely span across cities, companies, and seniority levels—and is definitely one of the best reasons to work in consulting.
Why are consultants highly paid?
High salaries have become the norm for consultants because they function as a signaling mechanism for companies: These may be young people, but theyre the most intelligent ones out there. From years two to five, expect to be promoted to senior consultant, engagement partner, or associate partner roles.
Do consultants actually do anything?
In a nutshell, consultants provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise. Theyre essentially fixers, serving as objective troubleshooters, and providing strategies to prevent problems and improve performance.
How can I get out of consulting?
Moving On: 5 Smart Consulting Exit OptionsGet Educated. Consider it if: Youre looking to move up in your consulting firm—or transition to a completely new career or industry. Join the Corporate World. Start a Business. Go Independent. Give Back.
Is consulting a boring job?
According to salary benchmarking site Emolument.com, more than two-thirds of employees in MBA-heavy industries like consulting, financial services and banking experience workplace boredom. Two-thirds of entry-level employees say theyre bored on the job, while 65% of high-level executives reported work-related boredom.
Can a consultant be rich?
Across the entire consulting industry (including mega firms), the average consultant delivers $250,000 in revenue each year. Thats the average. I know consultants who feel overwhelmed with $75,000 worth of work on their plates.