Your consulting questions answered: Where should I live as a consultant?
Every so often, I like to publish some of the questions that I’ve received from readers and my responses to them. Today’s questions relate to where a consultant should live, visa sponsorship and Accenture. Please click on ‘Read More’ to find my responses.
Where should I live now that I'm going to be working as a consultant?
Which firms will sponsor my visa?
Where does Accenture rank in the consulting hierarchy?
What are the exit options from management consulting?
There are many good reasons to become a management consultant including the promise of interesting work and good remuneration.
What will I be paid as a management consultant?
Management consultants at all levels are paid well. As a consultant, you'll be able to lead a very comfortable life and provide comfortably for your family.
However, until you reach senior levels, consulting is not extravagantly paid. Consultants at all levels are paid less than their equivalents in financial services (e.g., banking), despite also working very long hours and travelling more.
What does this mean for you? If you’re primary aim is to become as rich as possible as quickly as possible, consulting is not be the right career for you. Go and become an investment banker or work at a hedge fund instead. If however, you’re not solely money orientated, there are plenty of good reasons to become a consultant instead of a banker.
What management consulting firms should I apply to?
Once you've decided that you definitely want to be a management consultant and have researched what you'll be paid and the hours you'll be working, you need to figure out which firms to apply to.
Are you deciding between a career in consulting or one in banking? The video below (made by bankers) gives some surprisingly insightful reasons on why you should pick one over the other.