Jump Into the Deep End
Carlisle & Gallagher co-founder shares advice for consulting careers
“If change makes you nervous, consulting is not your business.”
That’s the advice from Bob Gallagher, co-founder of noted consulting firm Carlisle & Gallagher, a firm that has hired more than 40 graduates from the School of Business in recent years.
Gallagher offered a behind-the-scenes look at the consulting industry for students, alumni, faculty, staff, and the business community at the Wake Forest University Charlotte Center during a September Lunch & Learn session.
“There are higher expectations on performance. You have to go in and hustle every day. Long hours and travel are sometimes required.”
But he also noted consulting comes with significant rewards.
Recent research shows consulting is a nearly $240 billion growth industry, with about half of that in the United States. The industry charts about five percent annual growth, and Gallagher can only remember two or three years since 1988 when his company didn’t grow.
In addition, compensation for consultants is at or above market value, and consultants have the opportunity to build a reputation and relationships across industries.
Plus consulting is exciting.
“The work is rarely boring. Your customers are paying for the project, and you have to get it done. Consulting is also collaborative. You collaborate with customers, and you might even collaborate with a competing firm sometimes.”
That’s exactly what Charlotte MBA student Andy Kerrigan wanted to hear. Kerrigan said he has followed a consulting-like track in his career – from analyst to category management to sales – while working for Reynolds Consumer Products, which manufactures and markets the Reynolds Wrap and Hefty brands.
“I’m interested in consulting,” said Kerrigan, “and this talk filled in some blanks.” Gallagher also provided career management advice for consultants and those on the corporate track.
“Being risk averse is highly risky behavior,” he said, when speaking about the importance of recognizing and managing self-imposed roadblocks. He also warned against limiting yourself to operating in a 50-mile radius when we live in a global economy.
Gallagher recommended following your strengths, focusing on what you can do instead of what you cannot, and thinking and acting with a long-term view, particularly when it comes to professional networking and helping others.
“It’s all meaningless unless you’re helping people.”
For recent graduates who want to get their foot in the door, he also pointed to the value of networking. “Use your network. Set goals for both ‘meets’ and interviews. People want to help people.”
Gallagher noted that building a career over time takes expertise, a portfolio, relationships, and a reputation for doing good work. Focusing on these things leads to success.