The Truth About Freelance Consulting in 2026

In this video, Lorenzo, who's navigated both ends of the professional spectrum, joins Deniz to delve into the world of freelance consulting. The conversation navigates through the journey of becoming a freelance consultant, highlighting the blend of freedom and responsibility that marks this career path. Freelancing in consulting emerges as a unique opportunity, allowing professionals to immerse themselves in a firm's culture and operations without initially committing to a full-time role. It's a career avenue that puts you in control, offering location flexibility and more balanced working hours compared to traditional consulting roles. However, it's not without its challenges. Freelancers find themselves in a constant cycle of securing the next project, ensuring they achieve full utilization to maintain a steady income stream. While freelancing can be lucrative, the compensation is highly variable, with dry spells where work may be scarce. Moreover, we address one of the less-discussed aspects of freelancing: career progression. Climbing the corporate ladder is a different battleground when you're freelancing, often demanding a higher level of self-advocacy and strategic positioning to advance. Join us as we uncover these facets of freelance consulting, drawing on personal anecdotes and industry insights to give you a comprehensive picture of what it means to take consulting into your own hands. Here's the breakdown of the sections: [00:00] Why consulting firms need freelancers [02:51] How to become a freelancer [04:40] Lorenzo’s transition to freelancing [05:55] Getting to know the firm [06:35] Chasing for work [07:07] Flexibility [07:57] Working hours [08:32] Compensation [10:04] Climbing the career ladder RESOURCES: 1. Access the FREE Secure the Interview course at https://prepmatter.com/secure-the-int... Download our template for reaching out over LinkedIn and emailing employees. Use our resume and cover letter videos and templates for your consulting job applications. 2. Explore our Get the Offer course at: https://prepmatter.com/get-the-offer Access our exclusive case and fit interview content, including over 41 animated videos, 12 live cases and 26 live fit interview examples, over 40 case studies, exhibits, and structuring drills. 3. Enrol in Prepmatter's BCG Chatbot course to access all 13 case studies: https://prepmatter.com/online/bcg-onl... 4. Take the Online Assessment Guide to get access to: Bain SOVA Test: https://prepmatter.com/bain-sova-asse... McKinsey Problem Solving game: https://prepmatter.com/online/mckinse... BCG and Bain Pymetrics Test: https://prepmatter.com/online/bcg-and... BCG Potential Test: https://prepmatter.com/online/bcg-pot... 5. Learn more about our Case Interview Coaching at https://prepmatter.com/case-interview... You can work with Prepmatter coaches on a 1-on-1 basis to accelerate your learning. Subscribe to our YouTube channel:    / @prepmatter   #prepmatter #managementconsulting #freelancing