Full-Time vs. Freelance Consultant Career Potential

Being a freelance consultant can open up a world of opportunities for you. At the same time, you might prefer to work as an in-house consultant for a particular company. Here are a few things to consider about being a full-time or freelance consultant.

Freelance Consultant

The world of consulting is very lucrative. If you have the experience that it takes to get into freelance consulting, you can make a very good living. Many people that work as freelance consultants work less than a normal work week and still earn a very good paycheck. 

Working as a freelance consultant, you will be able to set your own schedule. You will be able to come and go as you please and you will be able to choose the clients that you work with. As a consultant, you typically have a vast amount of experience in a particular field. Because of this, you should have many different clients that are fighting to get a portion of your expertise.

As a freelancer, you will have to worry about more than just doing your job. Instead of just focusing on consulting, you will have to be a jack of all trades. You will need to be able to market your services to new clients and you will need to be able to handle your own bookkeeping. You will have to bill your clients and you will get paid when they issue you payment. Because of this, your paychecks could be irregular and this could take some getting used to.

Full-Time Consultant

Another option that you could pursue is working as a full-time consultant. In this capacity, you will be working in the same office everyday. You will be working with one company and you will continually be trying to come up with ways that the business can be more profitable. You will be trying to come up with suggestions to improve the way that your company does business.

Many people prefer this type of arrangement because you will have some consistency in how and when you are paid. As a freelancer, you might get paid a large paycheck and then go through a dry period. With a full-time job, you are going to get a regular paycheck from your employer. Many consultants also get bonuses depend on how well their company does. This can make your job very lucrative if you get involved with the right company.

Another big benefit of working as a full-time consultant is that you are going to get a benefits package. You can get access to a retirement plan, medical insurance, dental insurance, vision insurance, and paid vacation.

Full-Time vs. Freelance

Making the decision between these two options can be difficult. If you are qualified to be a consultant, you are going to be doing well either way. Working as a freelance consultant is going to give you the most opportunity. However, if you like stability, working as a full-time employee might be the best route to take.