Many senior executive clients consider different career options apart from taking a full-time job. As such, consulting work might be a feasible solution for many professionals especially, if you have expertise in a particular field. At Mentor EU we work with senior executive clients who are trying to build fulfilling careers, gain a better work-life balance and get more flexibility in terms of the content of their work.

Consultancy is not for everybody but it is an area that is paying the big money. In the course of our work with clients, we try to establish if it is a feasible career path for them or not. According to sites such as consultanthub.com, junior consultants are earning £44,000 per year; with the big hitters- consulting partners earning £170,000 per year. In fact the whole market is worth just under £20 billion in the UK. Incidentally, this represents around a quarter of the European consulting market.

So what is holding you back from being a consultant?

If you have thought of becoming a consultant but are a little afraid of the uncertainty of going it alone, it is fully understandable. Although you have more freedom as a consultant, a regular payday especially when you have regular outgoings saves a lot of anxiety and stress. That said, consider these points:

  • There is no such thing as a job for life and hasn’t been for several years. Companies are downsizing, liquidating, and merging, all the time as they wrestle with the ramifications of the recession. The fact is your job is at least a little more uncertain following the economic crash in 2007. Given the uncertainty going forward just how safe is your job?
  • A real lack of prospects for advancement exists in the workplace. Companies are looking to sit on pay increases, bonuses, promotions, and this obviously takes its toll on all hard workers. This scenario is not a good one.
  • Companies love consultants because there is no long term commitment, and when a project is done their costs reduce. This is one of the reasons the consultancy business is so strong in the UK.

And it is not just the UK, but the whole consultant industry is scalable around the world. If you live in the MENA region, APAC region, America, Canada, Australia, or anywhere in Europe, the demand for consultants is high.

As well as the above points, think about the amount of work you do that feels unnecessary and a burden. As a consultant you do only do the administrative work you need to do. Anything superfluous can be kicked into touch.

Also consider:

Work as a consultant is often varied and inspiring. No more drudgery or at least this aspect is considerably reduced. Most projects will compel you to give your best work, and you will start to forge a good reputation as a result.

You will have flexible hours to some degree, so if you like to work in the mornings and keep the afternoons free, that’s perfectly acceptable. Providing you chop through the work and keep your clients happy the times of the day you commit to working is more or less up to you.

Consultancy is an option more and more professionals are going for. It gives them the creative freedom to work, allowing them to bring their strengths to a project, no longer hindered by mundane tasks of the workplace or the little ways it can undermine your best efforts. This aspect alone is why consultants exist.

If you feel the glass ceilings and walls are turning to stone, what is stopping you from becoming a consultant?