How many hours do consultants work per week?
Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week. About six percent of the responding consultants say they average between 70 and 80 hours a week.
How long should you be a consultant?
The typical length of time a consultant works at a top firm for is 2-4 years, and some statistics even show that 2.7 years is the average point at which a consultant leaves a top firm like McKinsey, BCG and Bain.
Do all consultants work long hours?
So yes, in consulting you’ll most likely work fewer hours than in investment banking. However, 70-80-hour-weeks spread over five days still translate into 14-16 hour days.
Do consultants work long hours?
As a result, most management consultants have to work between 50 to 80 hours in a week to satisfy the job, thereby giving consulting a reputation for its challenging work-life balance. Across the globe there are several studies that have confirmed the long working hours for consultants over the years.
How long should I work in consulting?
Are 40-hour work weeks too much for your business?
Overwhelming evidence suggests that work weeks of more than 40 hours are harmful not only to employees, but also to the company as a whole.
What is the difference between a consultant and a full time employee?
In the day to day running of the business, there may be no difference between a consultant and a full time employee. They may work the same number of hours and make even end up doing the same work. However, there are certain differences between the two titles.
What percentage of hours should be billable for consultants?
While hiring a consultant and signing the contract, both client and the consulting firm agree upon considering what percentage of hours should be billable. To state a billable hour example, suppose the contract of a ten-hour project states that 80\% of total working hours will be considered billable.
How many hours a week should you really be working?
But with many misinformed professionals heralding long work weeks as a sign of true company loyalty and as a way to increase productivity, it’s understandable that you could find it difficult to buy into the idea of a mere 40 hours a week being optimal. However, facts don’t lie, and the facts say that it’s best to stick to a 40 hour work week.