Got back to New York city late Thursday night from quite the long work week for me, tallying 60 hours in 4 days including travel time. On Friday, after putting in another 10 hours in the office on Friday and was told these hours are rather relaxed. I explained it to some people that working long hours for other people is something I'm unaccustomed to. For example, while putting in equal effort studying at INSEAD or working at the family firm, I didn't have any problems. But all that work was for myself, where I received all the fruits of my labor. Here, it's fuzzier. I deliver value to the clients and to the consulting firm, in exchange for a paycheck.
But I don't think the payout is the difference, making me feel like I'm working longer and harder. I think it's producing on other people's terms, within their constraints.
For instance, I have to use their choice of IT setup, including computer, allowable software (no Skype), etc. When writing up PowerPoint presentations, I must follow guidelines. The list goes on, but my point is, working under external (yet not necessarily essential) constraints, an underlying restriction of freedom lurks. Of course I am more efficient using my ThinkPad. Then again, who can argue that Skype doesn't negate those productivity gains?
I realize this comes across as a complaint, but reality is that I am enjoying being thrown into the fray, on the project immediately as opposed to sitting in a classroom 8 hours a day for training. I prefer to plunge into the ice cold water and know the realities of daily work instead of being coddled. As to the constraints, I'll learn soon enough how to get around them (or work within them.) So yes, IT sucks, work hours are long, but I'm enjoying learning. And after a year of no income, a paycheck helps, tremendously.
For many of you outside the MBA circle, you may ask, what exactly is it that I do, what is this consulting dealio? In a nutshell, management consulting is tackling a client's problem, any problem. It can be “We're selling TV's right now, should we also sell DVD players?” Or the more dreaded “who should we fire?” Right now I'm working on the issue of “we're selling this much of stuff, but the portion of it that is profit seems a little low, how can we get more?”
So why is the work so intense? First of all, consultants are really really expensive, and depending on the firm, the price tag cannot be described by anything less than exorbitant. In exchange for your first born, the consulting firm agrees to deliver results in a short period of time, on the order of a few months. (The average for us is about 3 months. My current project lasts 10 weeks, although I came in at week 3.) The time compression along with high expectations result in the intesity of the work.
Why do companies need expensive consultants? After all, the company should know its stuff better than outsiders, no? Companies sometimes don't have the internal resources to solves these issues, because they're busy with day to day operations. Other times, they really don't have the expertise in certain areas to do the job. (Yes, once in a blue moon consultants are experts in areas other than PowerPoint.) Another insight from my colleague, is that companies can get bogged down by inertia, and the act of spending large amounts of money becomes an impetus to act.
And finally, the million dollar question: Are you crazy consultants worth the money? That, I can't answer until I have a few more projects under my belt. But given that the business has been around for about 80 years, Adam Smith would likely say yes.