How long do consultants work for?

Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week. About six percent of the responding consultants say they average between 70 and 80 hours a week.

Is 30 too old for consulting?

Short answer, no you are not too old. Many/most of the experienced hires start at a comparatively low level. I was 36 or 37 when I joined as a consultant, in spite of nearly 15 years of aggregate work experience.

Do consultants work long hours?

As a result, most management consultants have to work between 50 to 80 hours in a week to satisfy the job, thereby giving consulting a reputation for its challenging work-life balance. Across the globe there are several studies that have confirmed the long working hours for consultants over the years.

How long should you be a consultant?

The typical length of time a consultant works at a top firm for is 2-4 years, and some statistics even show that 2.7 years is the average point at which a consultant leaves a top firm like McKinsey, BCG and Bain.

Do all consultants work long hours?

So yes, in consulting you’ll most likely work fewer hours than in investment banking. However, 70-80-hour-weeks spread over five days still translate into 14-16 hour days.

How long does it take to make partner in McKinsey?

If you begin your career at McKinsey, you can expect to be elected to the first stage of a partnership in five to seven years. The greater your professional experience, the sooner you can reach this level. The most senior position at McKinsey, you might be elected director come seven years after you are made partner.

Does age matter in consulting?

Your age (at 32 years old) shouldn’t matter too much from a professional perspective. You are somewhat above the average age for entering as an Associate, but you are still young with a long career ahead of you, presuming you are in good health.

Do consultants get weekends off?

Saturdays, you’re rarely working in consulting. Sundays, generally you’re getting ramped up for the rest of the week. So understand that your work-life balance will feel really different on a Monday or a Tuesday than it will on a Friday or a Saturday.

Can you get rich in consulting?

Across the entire consulting industry (including mega firms), the average consultant delivers $250,000 in revenue each year. That’s the average. I know consultants who feel overwhelmed with $75,000 worth of work on their plates.

Should you be an independent consultant or a contractor?

Probably the most important decision you will need to make is whether to be an independent consultant or work as a contractor for a staffing or consulting services firm, two of the main avenues for consulting, though not the only options. Each approach has its pros and cons.

How long does it take to hire a consultant?

It can take three to four months to fill a high – level vacancy, such as a CFO or controller position, and organizations may hire a consultant in the meantime. They may also seek consultants because they are expanding or relocating and need someone to assist during a transition or to help implement software.

Should a CPA become a consultant?

Don’t leap into consulting without doing your homework. If you’ve been considering consulting as the next stage in your career, you’re not alone. Many CPAs become part – time or full – time consultants prior to retirement. Others choose consulting because they want greater flexibility and control over their schedules.

How do I get Started as a consultant?

Regardless of the type of work you want to do, getting started as a consultant most likely will require advance planning. If time allows, you should start thinking about it at least six months from the time you plan to retire or transition. That will give you time to obtain any additional training or education you will need.