Remove Benchmarking Remove Consulting Remove Operations
article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Most consultants tend to use an hourly rate anyway, because it’s the easiest to figure out, there’s less risk of undercharging, and it’s what most clients are used to. People who market themselves as independent professionals and operate as small businesses can charge more than those who work as subcontractors.

article thumbnail

Management Consulting versus Investment Banking

Management Consulted

Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases. Consulting compensates with perks that banking does not offer – from better travel allowances to more generous health and retirement packages. 2 LIFESTYLE.

Banking 272
Insiders

Sign Up for our Newsletter

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

article thumbnail

Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

It takes practice to quote your consulting billing rate with confidence. Benchmark so you know your rate is reasonable. Talk with other consultants, do a web search on typical management consulting rates in your city or state, and/or try converting your employee salary to an hourly rate. There are lots of ways to do this.

article thumbnail

How To Help Ensure Strategy Scorecards Don’t Fail You

Steve Shu Consulting

For example, should a benchmarking framework be used? In the scorecard below, I’ve also depicted areas where the company needs to make improvements (operational and tactical focus) and where the company needs to differentiate longer-term (strategic focus). . Or will that framework lead us down a path of mediocrity?

Strategy& 236
article thumbnail

The Competitive Edge: ISO 20700 Certification for Management Consultant

Effective Managers

In the dynamic and competitive world of management consulting, standing out is essential. Embracing the ISO 20700 standard as a practitioner has become a significant differentiator, offering consultants a distinct competitive advantage. Enhancing Credibility and Trust In consulting, credibility is everything.

article thumbnail

Understanding ISO 20700: Elevating Your Management Consultancy

Effective Managers

In the dynamic and highly competitive world of management consulting, standing out is crucial. It’s not just another industry buzzword; it’s a game-changer for those looking to elevate their consulting services to new heights. The Competitive Edge In a field as crowded as management consulting, differentiation is key.

article thumbnail

Strategy and general business consulting firms in Australia

Tom Spencer

Strategy and general business consulting firms in Australia 2012. in Management Consulting. THE list of strategy and general business consulting firms is part of the full list of consulting firms in Australia : Tier One – Global. Oyster Consulting. SMT Consulting. Last Updated: 31 May 2012].