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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

This article explains how to determine your “base rate”, and the external factors that will impact your pricing. Links to articles on how to raise your rate or switch to a fixed fee are at the end of this one.) Start by determining how much you would be paid if you were a salaried employee at a corporation, including bonuses.

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Consulting 101: Operations, Hierarchies, and Types of Firms

Tom Spencer

In this short post, we will briefly explore how consulting firms work, the hierarchy within firms, the main types of firms, and a few ways to learn more about a particular firm as you chart your career path, prepare your applications, and get ready to matriculate into the consulting industry. How do Consulting Firms Work?

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Management Consulting

CaseInterview.com

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. Management Consultants help businesses make strategic decisions that directly impact the entire company. They evaluate issues that the client is facing and help them develop action plans for improvement.

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How BCG, Bain & the Consulting Industry Got Started

CaseInterview.com

There's a great article in Bloomberg BusinessWeek that while several years old does a great job at discussing how the global strategy consulting industry got started, why Boston Consulting Group was founded, how Bain was a spinoff of BCG, and how Bain Capital was a spinoff of Bain.

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How to Figure Out Your Consulting Bill Rate

Successful Independent Consulting

I know a consultant who is going to do some work designing a company’s program for high-potential employees. The consultant has talent but not much experience. Can you ballpark this for me? Louis Although the question is brief, a helpful answer is not. Dear Liz, I have a quick question. Pedigree matters.

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The Consulting Bible – Dominate Your McKinsey, Bain and BCG Fit and Consulting Case Interviews

Management Consulted

Do you stumble when asked why you’d be a great consultant? Do you sweat when nervously thinking about how Disney can expand its operations in Brazil? We also know that even if you think you’re set, the answer you imagine can definitely be better. You’ll need every edge that you can get.

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4 Ways to Develop Practical Business Understanding for Consulting

Management Consulted

A prospective management consultant without basic business understanding is like a camera tripod with 2 legs — it just won’t work out for you. Here, we’re not talking about actually developing case interview skills per se – we have a whole bunch of suggested articles at the end that will help you do that.