{ "media_type": "text", "post_content": "Would you take high risk / high reward consulting gig at a small firm? Comp is hourly and project based. Firm has a good foothold in the niche market. Offers lots of flexibility. But no benefits and since it’s project and hourly based it’s feast or famine. If you have a partner (spouse, domestic partner, etc.) and they had a stable job, would it change your perspective of taking the high risk/high reward role?", "post_id": "5fd599b49f8bb8002f528444", "reply_count": 4, "vote_count": 1, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Would you take high risk / high reward consulting gig at a small firm? Comp is hourly and project based. Firm has a good foothold in the niche market. Offers lots of flexibility. But no benefits and since it’s project and hourly based it’s feast or famine. If you have a partner (spouse, domestic partner, etc.) and they had a stable job, would it change your perspective of taking the high risk/high reward role?

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Posting as :
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Can you get by if you have long periods of famine? What is your projected total comp? How did you come to that estimate? Would you except the job at that amount if it were salary based? What does the companies pipeline of projects look like? How do they assign them? Personally I would only accept this level of risk to be my own contractor. But I also don't glamorize high pay. I think $150k is plenty of money and wouldn't be jumping through hoops to get more.

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Quantify the risk and reward, with a particular emphasis on expected value. Making twice as much money sounds nice, but if you're on the bench 50% of the time, you would be lucky to break even. How big is the risk premium? And what are your other career options and goals? Even if this job is good by itself, it may not be the best next step right now.

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I only see risks with no reward

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no

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