Living With Parents As Consultant
Is it feasible to live at home as a first-year consultant? I'll be at a firm where I know I will be traveling every week.
My friends have told me I'm being cheap, but it seems like a great way to save money. My commute would be 35-50 minutes on Fridays, travelling from the suburbs of my office city. My parents are easygoing, and the alternative of coming home to an empty, overpriced apartment on Thursday for 2-3 nights sounds depressing.
Are there any problems that could arise from this? The biggest problem I can see is that it will be quicker for me to fly out from a different airport than where my colleagues will be flying out of -- I'm concerned about whether this will detract from camaraderie and relationships (the ol' airport team stories).
Thanks,
Jake
Feasible, sure. I know people who have done it short term or long term. It will kind of suck if you get staffed locally (Murphy's Law says it'll happen to you), but that's a bridge you can cross when/if you get there.
Logistics concerns should be minor, unless your manager is an asshole.
Teams often are multi-office, or don't travel together. Example: My team right now is all from the same metro area. One drives to the client, another flies from a secondary airport more convenient to her apartment in the suburbs, the others take Acela, but sometimes not even the same train.
The only funny thing that used to happen if I ever came home for a weekend with a flex trip was, I'd be on a call talking and my mom would try to tell me something. Just get a stable location for work.
Only doesn't work if you have a significant other. Otherwise highly feasible.
only works if you have a significant other. otherwise good luck getting laid.
You'll have these nifty things called Starwood points. Much more impressive taking a chick to a nice hotel for the night rather than your studio apartment with 2 roommates.
do it
It's what I'm doing, and I'd say nearly half of my class that is originally from the area is living at home. You will save so much money, especially when you consider you won't be paying for food during the week. Obviously the major down side is the social life on the weekends, but I just crash at a friend's place or wait until I'm sober enough to drive back. It depends on your relationship with your parents too... mine are pretty hands off so it works.
do it for a year or so and see how it works out. def worth saving on rent
^I agree, for that, and other reasons (friends, independence, but mostly getting laid). Move out.
^Haha didn't consider this until now. I'm not sure if current relationship will last after graduation, but assuming it doesn't, I still think it kinda makes sense to move home.
The way I see it, I'll have the privacy of a room to myself during the week in the client city. If I need a private room on the weekends, a hotel (or her place) for even say one night a week is still cheaper than an apartment I'd rarely use. I'm all for growing up and gaining independence, but living alone and managing an apartment by myself sounds horrifying -- and I actually have something I'd like to do with the money if I could save up.
I have somewhat geeky interests (jazz, app development, cinematography, education), so I'm not extremely concerned about the bar scene except for socializing with coworkers and watching games. I love house parties, but I'm not sure how much that happens as an early twenty-something outside of college.
Thanks for the responses!
Live at home, save enough money to go on vacation, take ridiculous flex travel to Paris/Istanbul and not feel guilty for paying 1500+ for an apartment you stay in for 6 nights a month.
But then again, the parents live 5 min from airport, have a gf with her place, never going to be staffed on local cases if i don't want to. So makes perfect sense for me to stay at home
Living at home is great and all until you get staffed on a three-month local engagement. At that point, I guarantee you'll want your own space.
Murphy's Law notwithstanding, this happens fairly rarely.
Depends on where you're based and what firm you're with. I known plenty of consultants at BCG & Bain who were staffed on local projects for their entire A/AC years. So depends.
Living with your parents (Originally Posted: 03/22/2015)
With the constant travel in consulting is it ever a good idea to move back in with your parents post undergrad? This is assuming that they are within commuting distance (below 1 hr commute). Pros are that you will save a boatload of money (rent is too damn high especially in nyc) however you will lose the freedom that you had in undergrad and general bachelor lifestyle.
Anyone have any experience regarding this? It seems like a very viable option for me when I start work in consulting just because of the financial benefits.
Because it's a great idea to follow what total strangers tell you online.
Do you bro
This is a lifestyle question that you need to answer for yourself. Yes, obviously you will save money by living with your parents in NYC. That being said, you can certainly afford to live in NYC on a typical starting salary (70-75k + bonus), especially with a roommate. Weigh the options for yourself.
The search button is your friend. Here are two threads that should help you in your decision-making process:
http://www.wallstreetoasis.com/forums/living-with-parents-as-consultant http://www.wallstreetoasis.com/forums/mbb-in-undesirable-living-situati…
As long as you pay their bills or part of the mortagage/rent
It's a lifestyle choice but living with your parents post-grad might sounds not so pretty to your new social group. Try finding roommates and live in neighborhood like astoria, harlem, forest hills.
I don't know why you would want to save a boatload of money in your best years. You are in one of the world's most fun cities. Great restaurants, bars, concert venues. Anything one could ask for. Go out, flirt with some hot chicks and enjoy your life.
Keep in mind that there is a decent chance you'll get staffed on a local project at some point.
Ut voluptas voluptas libero debitis. Hic est sit atque et nesciunt nisi dolores. Labore fugit animi magni culpa delectus dolores unde deleniti. Nam aliquam recusandae dolor nobis in recusandae esse. Accusamus doloremque quia recusandae ratione.
Ut similique sequi dolorem est enim ut. Laborum eos doloribus omnis nesciunt. Et impedit nulla accusamus ducimus adipisci enim exercitationem. Recusandae quisquam ipsa magni provident harum voluptas. Illo fugiat et harum quo. Voluptate ab ratione consequatur neque.
Consequatur quibusdam cum cupiditate enim unde temporibus fugiat. Ea voluptatem in esse accusamus quia ut quaerat. Iure error ipsum dolores tempore aliquam ut ut eius.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Nesciunt ab non quod et pariatur. Quibusdam magnam quis sunt eveniet iste adipisci qui debitis. Numquam reprehenderit quae inventore deleniti reiciendis fuga. Quia ratione temporibus commodi in autem aut.
Praesentium eveniet sunt quidem quaerat nihil et. Ullam earum consectetur aliquid ratione. Et qui aut maxime debitis adipisci est voluptate. Repellendus assumenda quia nobis cum. Eligendi delectus exercitationem ratione voluptas temporibus repellendus autem. Sequi nam eos aliquam quos eaque. Ut quis quaerat repellat rerum vel et quis.
Et rem sed non excepturi et et provident. Error cumque nesciunt minima et in porro facilis non. Eius ducimus autem harum iusto a dolorem ea. Aut sit sed provident quasi ut amet saepe.