Land a gig at one of the leading firms and you may easily make upward of $60Thousand inside your newbie. A lucky couple of even enter six figures. But thinking about the difficult hrs that many entry-level consultants work, is the fact that money really all it's cracked as much as be?
We went the amounts on which first-year consultants really make according to the number of hrs they are able to be prepared to work. The outcomes might surprise you.
Let us begin with salaries. First-year consultants having a Bachelor's degree for the most part major firms (frequently known to as "connect consultants") can typically be prepared to earn between $60Thousand and $90Thousand. For any choose quantity of firms, the salary can approach $100Thousand. This figure includes base salary, signing bonus, and moving expenses.
Now let us consider hrs. An initial-year consultant at these lenders could be working 11 to 14 hrs each day, for any rough schedule of 55 to 70 hrs each week. That does not take into account the truth that most consultants travel several occasions per week for work, taking on additional time within their already busy agendas.
In the low finish, then, first-year consultants are earning about $60Thousand and dealing 55 hrs per week. Should you multiply that by 52 days annually, that converts to two, 860 annual hrs. We divide the annual wages ($60Thousand) through the yearly hrs (2, 860) to obtain an hourly earnings of $20.98, or roughly $21.
Here's a closer inspection at this math: