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0 pointseddtests2y ago0 comments

That's the realm of extreme skill, luck, and timing. There is no way there's a cookie-cutter solution to that and if people say there is I suggest they're no different to Tai Lopez etc...

Two solutions I have seen (thanks to the news):

1. Be being a world-class academic on a hot ML topic consulting to a huge tech company at a strategic level

2. Be the prime minister of a G8 country and consult for global investment firms

If you're a software engineer or even engineering leader at a startup/SME you're not going to find these contracts unless you're in the 0.001% of the market for a niche skill that's desperately in need.

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gabereiser2y ago

Consultants exist at every level. An individual will (should?) never make more than the client they serve. However, a team of consultants (like the ones who consult for global firms) can demand more than an individual can. Often times a lot more. They also take on indemnification and more risk. Last I checked, an engagement with Deloitte for anything costs $10M out the gate.

eddtestsOP2y ago

Yes but the question was how does one consultant earn multiple millions of dollars. The average managing directors at Deloitte earn around $500k - I don't think there's any reasonable way to earn over double the average managing directors rate at a Big 4 without being a sole contractor directly contracting with a company

gabereiser2y ago

Contracting != consulting.

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0 pointseddtests2y ago0 comments

That's the realm of extreme skill, luck, and timing. There is no way there's a cookie-cutter solution to that and if people say there is I suggest they're no different to Tai Lopez etc...

Two solutions I have seen (thanks to the news):

1. Be being a world-class academic on a hot ML topic consulting to a huge tech company at a strategic level

2. Be the prime minister of a G8 country and consult for global investment firms

0 comments

gabereiser2y ago

eddtestsOP2y ago

gabereiser2y ago

Contracting != consulting.

1 more reply

j / k navigate · click thread line to collapse