How often do McKinsey consultants travel?

With the majority of the firm traveling four, five or more days per week and reporting that they average upwards of 70-hours ever week, when you’re on with McKinsey, you’re really on.

What percentage of time do consultants travel?

Expect to spend 50% of your time on domestic projects, traveling to cities like Houston, Raleigh, Chicago, and Seattle. You may fly business class, but you can expect an equal number of economy-class flights (particularly given lack of long-term scheduling flexibility).

How do you calculate consulting hours?

Determine your hourly rate based on your experience and industry standards. If you’re just starting a consulting business, the best way to determine your rate is to divide your former salary by 52 work weeks and then divide that number by 40 (the number of work hours in a week).

What are the five phases of consulting?

5 Phases of Consulting

• Entry and Contracting. This first phase deals with the initial contact with the client about the project.
• Data Collection and Diagnosis. It’s important that consultants come up with their own sense of the problem.
• Feedback and the Decision to Act.
• Implementation.
• Extension, Recycle, or Termination.

What does ” 3 / 4 / 5 ” mean to a consultant?

There are many terms in consulting that just sort of seep through our consciousness without needing to be defined. But this kind of ” consultantese ” can mean trouble for newbies. So it is with “3-4-5”, an important but opaque term of art in this industry. What does “3/4/5” mean to a consultant?

What to expect when traveling as a consultant?

Travel is a defining characteristic of management consulting regardless of your company. From Bain to Accenture, from McKinsey to Alvarez & Marsal. If you’re a consultant, you can expect to become familiar with acronyms like LGA, LAX, and ORD. You can expect to spend enough time in hotels that the staff will recognize and greet you by name.

How often can a 3-4-5 consultant be away from home?

In other words, a 3-4-5 consultant can be expected to be away from home for four days and three nights just about every week. Board a regional jet Monday at 5:30 AM for a flight to some lame city (Rochester?

Why are consultants often assigned to far away projects?

Although global staffing models, which routinely assign consultants to faraway projects, are quite common, firms can also choose to instead emphasize local and regional staffing, which could result in consultants experiencing reduced work-life conflict. Change the culture of “natural” overwork.