At some point in everybody’s career, there is a moment where we must consider if we want to continue working a full-time position or take a step back to focus on other interests. While many people feel that retirement is an exciting transition, for others, it can be a scary experience. After all, when you spend your entire life working in a particular role, it can be overwhelming to transition out of it. However, there may be a simple solution when it comes to financial executives: consulting.
According to a recent survey, three out of four financial executives see consulting as an attractive option when considering retirement. It’s not completely leaving the industry, but it’s a role that may offer the flexibility to focus on other areas of their life. It could mean the best of both worlds for someone who isn’t quite ready to hang up their hat but would like more freedom in their position.
Is It Right for You?
Consulting may be a good choice for you if you would still like to put in a few hours of working every day or week. It could also be a bit of extra income after you leave your fulltime job, which is sometimes a concern for people who are considering going into their retirement. If you’re considering consulting, then you should view your life from a bird’s eye angle to ensure that you are financially and mentally ready to make this transition.
Consulting is Not the Same as Employment
One of the biggest things that you should recognize is that consulting offers a lot of flexibility and variety that you don’t get from a fulltime job. This type of environment will constantly be changing, so you should be a person who thrives in such settings. It’s project-based work, which means that there could be lulls in your schedule.
Consider Your Niche
Have you carved out a niche for yourself? Can you offer specialized consulting in a particular area. Consider how marketable your skills are and then roll up your sleeves to make the connections necessary in order to get awarded the projects that you want.
Considering a career in financial consulting? If you have experience in a Fortune 1000 company and are a Big 4 CPA and/or an MBA from a Top 25 Business School, click here to check out our listings of available consulting positions.