BCG has a more analytical focus, McKinsey is more focused on structure and story. At both firms, I felt that that the quality of the work was incredibly high. However, there is a dramatic difference in what people focus on in the day to day work.

Sustainability Consultants in America make an average salary of $52,985 per year or $25 per hour. The top 10 percent makes over $78,000 per year, while the bottom 10 percent under $35,000 per year.

A partnership perspective guides BCG’s relationships both internally and with clients. We take a long-term view in our relationships. We strive to build bonds founded on respect, caring, honesty, mutual support, and investment. We work together in a manner that is team oriented, constructive, and challenging.

How to Become a Consultant

1. Identify your area of expertise.
2. Set goals.
3. Make a website.
4. Get certified.
5. Choose a target market.
6. Decide where you’ll work.
7. Create your offerings.
8. Set your rates.

The results might surprise you. Let’s start with salaries. First-year consultants with a Bachelor’s degree at most major firms (often referred to as “associate consultants”) can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000.

Many consultants prefer to operate an LLC than be a sole proprietor or a corporation owner because these entities combine many of the advantages of the other two entities. If you run a small operation and want to protect your assets, this is likely the best legal structure for your consulting business.

LLC members are considered self-employed business owners rather than employees of the LLC so they are not subject to tax withholding. Instead, each LLC member is responsible for setting aside enough money to pay taxes on that member’s share of the profits.

Sometimes called errors and omissions insurance (or E&O) for short, professional liability insurance is a must-have. That’s because as a consultant, you’re a professional. Whether you’re at fault, or not, professional liability insurance gets you an attorney and can pay your legal expenses.

Protect yourself: Put your guidelines in writing — and stick by them. Have a very clear discussion laying out your professional boundaries and ask your client to do the same. Come to an understanding about working hours and response times and agree on how you will schedule calls, meetings, and Skype sessions.

A portion of your housing costs (rent, utility bills) via home office deductions. Professional services (including lawyer’s fees) Mileage; fuel and gas costs; vehicle lease or rental; tires; insurance and other travel expenses for the business use of your vehicle.

You can always call yourself consultant, because the definition of a consultant is not that strict: A person who provides expert advice professionally. Since consultants are externals, organisations don’t use the consultant title internally. They use a version of a manager: change manager, expert manager, etc.

Consultants who take a problem-solving orientation typically use a linear process in their work. They first identify problems, then diagnose them, and finally find and implement solutions. At this point, the project or consulting assignment often ends.

In a nutshell, consultants provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise. They’re essentially fixers, serving as objective troubleshooters, and providing strategies to prevent problems and improve performance.

Being a consultant means earning the freedom to think and act at a higher level than “executor” or “order-taker.” More often than not, being a consultant is adopting a different mindset. Any role can adopt a consultantive mindset, focusing on how to solve problems instead of getting a task done.

Good consultants demonstrate skills that offer concrete and specific information to help solve a problem or improve a process for a business. You can develop these skills in the course of your career experience by actively pursuing personal opportunities to learn and improve your business acumen.

However, no matter what type of consulting area a person would like to enter or what firm they would want to work for, there are several key characteristics that every successful consultant should possess: Having self-confidence, be a good listener, be a team player, easily cultivate and gain client trust, exhibit …

Most Annoying Consulting Stress Factor: Long Working Hours, Overwork And Shift Work. Long Working Hours and Overwork. Long working hours and overwork are shown to lead to higher risk of psychological effects as either anxiety, depression, insomnia or simply hostility.

“The market rate” is the average price and range of pricing a typical customer will pay for your type of consulting service. If the average business consultant charges and receives $100 per hour, than the “market rate” is likely between $50 to $150 per hour.