chestud13
I want some info on consulting in terms of projects. For the big consulting companies such as Accenture, McKinsey, BCG, PwC, how do projects work? Do you get assigned projects?
It depends. You do have say over which projects you get, so you're not just randomly assigned one. The only caveat to this would be your first project, where you don't have a support network / any power to say "no." That being said, I've both been booked to projects without my knowledge and turned down projects before.
In general, however, you'll be interviewed before chosen for a project - whether it's internally or by the client or both. So if you know you're not interested, don't try hard in the interview.
chestud13
What if you are in between project? Do you get paid during this time? The reason I ask is because I've heard conflicting and confusing stories from some people who say that between projects you basically don't get paid and getting another project all depends on whether the next company/individual likes your consultant. Others say that you do get paid during this time between projects and that getting another project is not difficult.
I would like some clarity on this issue. I do not want to end up getting into a situation where I'm sitting at home waiting for project without any sort of income.
When you're between projects, this is called being "on the bench."
You get paid during this time. Many people will reach out to you (unless there's a big bench), whether to ask for your assistance with business development work or to staff you on their project. In my experience, it's easiest to get on a new project through your network - people you've already worked with. They know your reputation and will most likely have their eye on you when you're available. With the exception of my first project, I've gotten all of my roles through my existing network.
So don't fret - you won't be sitting at home waiting for a project without any sort of income. Bench time is like vacation - you're paid and not working - except you're
not using your vacation! I was on the bench for six weeks this year (right after I was promoted, too). It was marvelous. I hung out with my boyfriend and our dog and actually cooked and took care of stuff around my house! Oh, and I applied to three business schools
(perfect timing!). Now I'm staffed on a project. Rest assured, bench time does not affect your performance review / rating, either.