Can You Get Rich as a Management Consultant?

It's a highly competitive field, but if you can get into one of the top firms, you can expect to make close to six figures with little to no professional experience. An individual consultant should always have at least five major clients, while a boutique should double that number. For the sole entrepreneur who runs a consulting business, they must deduct all their expenses from their income figure, which can be quite numerous. The remainder can be taken as salary and dividends in the UK, although it will be taxed between 30 and 50%.Developers, architects, infrastructure experts, business analysts, project managers - the whole nine yards - if you can manage your personal life and expectations without letting work consume you, then you may enjoy it.

People with skills in all three disciplines tend to rise quickly through the leadership ranks of Organized Management Consulting. If you can sell, manage and deliver, you can write your own ticket once you've demonstrated your competence in these areas with your leadership team. If you have a career in management consulting or are considering one, you should know this: there are exactly three ways to achieve happiness and make money. If you're content competing for deals, working long hours, attending dozens of meetings, seeing little of your home and family, and spending time eating and drinking with people you may not like personally, then you could be cut out for a professional sales management consulting job. When I first started out in Organized Management Consulting (something like organized crime), I was eager to prove myself and move up the chain. All that said, I've rarely met a business development person in management consulting who has a personal life that isn't dictated by the search for customers and the almighty dollar.

Léo Poitevin
Léo Poitevin

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