article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? Other tips: Benchmark your rate to increase your confidence.

article thumbnail

7 People who NEED to apply to McKinsey in the next 8 days

Management Consulted

The following 7 categories of people have 8 days left to apply at McKinsey for a full-time position (provided they finish their programs in 2017/2018): PhDs. For most aspiring consultants, McKinsey is the gold standard. Once you pass a certain benchmark score on the test, you will be invited back for the second round.

McKinsey 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

3 Steps to Cultivate an Innovation Culture

Organizational Talent Consulting

Mindfulness: Mindfulness-based stress-reduction meditation training has been shown to have a positive outcome in overcoming the fear of failure. Benchmarking in the process of creating a culture of innovation in hotel companies. McKinsey & Company. Organizational Talent Consulting. Gierczak-Korzeniowska, B., &

Culture 52
article thumbnail

Welcome to new readers plus a few questions answered

Management Consulted

Thanks to Marquis first and foremost, who is both a fellow Stanford grad and fellow ex-McKinsey consultant. After 2+ years at McKinsey, it was time to move on. I went into my McKinsey tenure with the mindset that entrepreneurship would come after my time at the firm. Check out his blog here.

article thumbnail

Management Consulting versus Investment Banking

Management Consulted

In my time at McKinsey, easily half the people who left the firm went into the financial world (from hedge funds to PE), and salary was undoubtedly a major factor in the decision. At the Big 3 (Bain, Boston Consulting Group, McKinsey), you can expect travel 50-75% of the time. Relationship with coworkers, managers, and firm.

Banking 272
article thumbnail

Archstone Consulting Culture and Interview Tips

Management Consulted

While originally founded as an independent strategic firm, Archstone Consulting was acquired by leading enterprise benchmarking firm The Hackett Group in 2009. Intern pay and training at Archstone Consulting are on par with other consulting firms, and prior interns have found it a good foot in the door for landing permanent positions.

article thumbnail

BCG Potential Test Copy

CaseInterview.com

This tool compares your math accuracy and speed to other CaseInterview.com members and to my own test results as benchmark. Free Case Interview Prep Program – Sign Up For Free Instant Access to the Largest Collection of FREE Case Interview Training Resources. First Name *.