Working in consulting with no home possible?

Excuse my ignorance on this topic, but seeing as the 3-4-5 is the standard in management consulting, it seems like a waste of money to rent/own a place? Why not just use airbnb.com and book affordable places to stay, whether you would prefer to stay at the client site for the weekend or go back and book a place in your home city? Of course, downside would be that you essentially would live out of a suitcase and have no "home", but assuming that you are always on the go and that you are rarely on long assignments in your home city, you could save a ton of money right?

14 Comments
 

With 3-4-5 it's theoretically possible but will likely be more trouble than it's worth. The simpler option is to get a cheap-as-f*ck room instead of an apartment. Just to illustrate, an apt in NYC can easily be $2000/month, but you can get a room in Hoboken or Jersey City for $600/month and have a place of your own to crash when you're back in town.

Get busy living
 

1st years in consulting generally make more than enough to cover a modest place in manhattan, it becomes way more trouble than its worth. If you do it, you'll just end up with a heap ton of cash, and no home? Doesn't really make sense.

 

If you don't care about family/friends it is very possible, and also if accumulating cash is your end goal regardless of how you get there.

If you are on a Mon-Fri project, you can technically take a room Sunday night and leave Friday morning, which leaves you with 2 nights to figure out. You could pay out of pocket, use your points, or stay at a cheaper hotel/motel/airbnb.

Now, that's assuming all your projects would require travel. I know a kid who started doing this until he got staffed for 6 months on back-to-back local projects. He ended up renting a cheap place.

 

You all make good points. Thinking about it a bit more, you're right, it's important to have a home even if it's just a cheaper place. There's always the chance you land a local project and then you'll definitely need a place when that happens. Family and friends is another factor.

 
Best Response

It's definitely possible and I know several colleagues who do so. While it's not a permanent solution, not paying rent is a great way to quickly build a large cash reserve without sacrificing any fun from your lifestyle.

The easiest way to pull it off is by keeping personal items in a few locations across the states and alternate where you nest for the weekend (i.e. parent's house, sibling's house, significant other's apartment, etc.).

It might sound like it is a bit emotionally draining not to have a home, but so is paying $200+ nightly for your apartment (if you only count nights that you're actually home). An alternative would be to airbnb your apartment when you're not around - and I'm about to explore this option when I move to a new place at the end of the month. I want to figure out if the hassle is worth the cash flow.

 
VodkaRedBullAn alternative would be to airbnb your apartment when you're not around - and I'm about to explore this option when I move to a new place at the end of the month. I want to figure out if the hassle is worth the cash flow.
Good call. Monday-Thursday aren't the highest priced nights but you might actually come out ahead on rent depending on how much you're paying.

Other thing is this: you can get cheap, small apartments in NYC for 700-800 per month. I saw an article on micro apartments in the West Village this weekend, I think the rate was $755 which is going to be cheaper than paying $150+ for a decent airbnb room every weekend. They're 90 square feet, which would be unbearable every day, but that's fine if you just need a place to sleep on weekends and store some of your belongings.

If you really want to save cash, you could also find a friend in your home city that will let you crash on their couch and then just pay them a few bucks and buy them beer...

Get busy living
 

The Airbnb option only works well if you have a Doorman or someone who can let the people in and out and arrange cleaning etc... For a high priced apartment it would surely be worth it though, since you often times can command 150$+ a night. And the Summer/Winter fluctuation is not as high as in other cities, since there is always a lot of people visiting!

 

You can definitely do it. Don't throw your money away. Friday night you can hit the bar and choose a girl with whom you will go to her place and cook a nice steak. Worst case scenario: you're surrounded by whales, then you can rent a car and sleep in it comfortably. During the day on the weekend, you can hit the gym, shower, and go work on your things in a public library or Starbucks. Never stop making money and stop throwing it away on things like rent, utilities, trash surcharge, cable, internet, sewage surcharge, etc.

 

I did it early in my career for over a year. I wasn't a consultant and it was a more unique situation where I could leave a decent amount of my clothes in my office (where I never was so my assistant would literally send me underwear) and the firm paid for my weekend hotels but it was a pretty cool lifestyle. I typically stayed at the same hotel in each city around the globe and really got to know the staff there. I was practically family at the Connaught in London.

As an experience I'd say go for it if you can make it work financially. It was kind of a cool feeling to be without a home, like a rolling stone... It also keeps you from buying too much shit that you don't need when you're young so you can save on two fronts: no rent and you don't spend your money on useless stuff. And if it doesn't work for you it's easy to just rent a place.

 

Excepturi ducimus molestiae unde in labore ea dignissimos. Quibusdam id voluptas sint fuga excepturi eum necessitatibus. Id est id non.

Career Advancement Opportunities

June 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 99.0%
  • McKinsey and Co 98.5%
  • Oliver Wyman 98.0%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

June 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 99.0%
  • Boston Consulting Group 98.5%
  • McKinsey and Co 98.0%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

June 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 99.0%
  • McKinsey and Co 98.5%
  • Oliver Wyman 98.0%
  • LEK Consulting 97.4%

Total Avg Compensation

June 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (53) $247
  • Engagement Manager (111) $232
  • Manager (167) $172
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (115) $135
  • Senior Consultant (354) $132
  • Consultant (635) $122
  • 3rd+ Year Analyst (162) $121
  • 1st Year Associate (575) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (390) $104
  • Associate Consultant (175) $100
  • 1st Year Analyst (1152) $90
  • Intern/Summer Associate (205) $83
  • Intern/Summer Analyst (626) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”