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As general advice this is exagerated. You can match it yes, but quadrupling you need to be bringing something very special to the table. Unless you mean the ar
by DoingIsLearning 3y ago
As general advice this is exagerated. You can match it yes, but quadrupling you need to be bringing something very special to the table.
Unless you mean the arbitrage of doing this from different countries with more favourable tax/COL?
- gabereiser 3y agoOf course it is. Everyone’s mileage will vary. Not everyone is cut out to be CEO of a consulting firm. As a solo consultant, you’ll be hard pressed to charge more than they could get a FTE. As a firm, well, Deloitte, Cognizant, Pearsons, Booz Allen, all started as a consultancy or professional services spin off. If you’re wondering how to be a consultant, you won’t get FAANG money. If you know how to be a consultant, it’s a matter of finding the right clientele and/or hiring a sales rep for their clientele.
- DoingIsLearning 3y agoAgain a massive no true Scotsman stretch. GP asked if we could make FAANG money as a contractor and you claim four fold... If you have the network, money and sub-hire a bunch of people. Ok sure but then it's not a like for like comparison. Most ppl in contracting are just interested in FTE work, with a better rate, tax framework, less office politics, etc. Very few want to go full Cognizant.
- gabereiser 3y agoHas asked how he could make FAANG money as a consultant, not a contractor. Those are different.
- DoingIsLearning 3y agoI see perhaps somewhat lost in translation. In Europe a contractor is often referred to as an external consultant and _actual_ "Consultancy" are somewhat interchangeable terms but one is John's LLC and the other is BCG's pricetag consultants.