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Consulting to Contracting

 
#1 Consulting to Contracting
21/09/2015 11:45

Deusextra30

I was employed as a graduate consultant.

I stayed there for 2 years before moving on to become team leader of an analytical department for a large healthcare company. I stuck this out for 14 months or so before realising I had the technical skills and maturity needed to start contracting in technical roles. Since taking the leap into contracting I have never gone longer than a month without knowing what my next contract / assignment will be.

I'm now 28 and director of my own business and have averaged turnover in excess of £100,000 per year with my contracting work. I have been fortunate enough to work for some big companies and be involved with large and varied projects.

I'm regularly approached by Tier II consultancies about roles at Senior/Manager level that would pay a basic salary of £80,000 per year.

My main bit of advice would be to force through your own opportunities. Attend interviews / meet people and be confident and interesting, show you have something to offer. If people like you then that's more than half of the battle. It's hard to know what you want to do when you are not long out of university so just make the most of whatever it is you are doing and you'll find opportunities will open up to you.

Whatever set-backs, knockdowns you have on the way can easily be turned into a positive outcome.

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#2 RE: Consulting to Contracting
21/09/2015 12:11

Anonosaurous to Deusextra30 (#1)

Hi, I'm interested to hear what your technical specialism is? Analytics? What are the roles you're approached for in consulting firms?

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#3 RE: Consulting to Contracting
21/09/2015 13:20

Deusextra30 to Anonosaurous (#2)

The roles I've been approached for have been generalist roles that involve the use of analytics with data. It's not so much my technical skills that have been honed in, more so the fact I've worked on major assignments with large companies.

It's a skill in itself being able to articulate on paper/in person the roles you've carried out and being able to demonstrate how you've added value and how you can lean on this experience to do it again in a similar situation. Consultancies are interested in being able to sell you to clients so you have to think about what it is a client would want in return for typical consultant rates in excess of £1000/day.

To be successful at contracting you also need to be very strong at interviews, it definitely helps to have some polished presentations/pieces of work that you can discuss in depth. I also think it's a definite advantage to keep fit and healthy - this in my opinion makes it a lot easier to make a meaningful first impression and quickly earn respect.

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