Vault.com: the insider career network

Job Survey: Principal

This Principal career survey is just one of 1000s of exclusive career surveys available on Vault. Find out what it's actually like on the job with Vault's job surveys.

Read all Vault Career Surveys for the inside scoop on specific jobs
Read Vault Employee Surveys for the inside scoop on specific employers
Read Vault Student/Alumni Surveys for the inside scoop on colleges and grad schools



Location: Palo Alto, CA
Company: FSBC
Experience: Executive
Highest Level of Education: PHD - Academic Program



Job Responsibilities
Business Strategy for young startups, 50 hours per week Public presentations, PR meetings, 10 hours per week
Job Requirements
Best in class education is essential; Harvard, Stanford. Outstanding results in and outside of the classroom and a demonstrated ability to simultaneously excell in several areas. There should be a demonstrated ability in both the technical field, and in the practical aspects of business and law.
Uppers
The chance to set the destiny of many corporations. As they say, "Success has many fathers..."
Downers
The public advertising portion of the work; unpaid, it can involve many meetings, in which the prospective client is found to be unsuitable. It is an essential and important part of the job to scout new clients.
Lifestyle
Get a superb education in a difficult technical field, then work in the business for 5-10 years to establish crediblity, and a superb roladex before attempting to consult. There will only be a limited market for talented consultants, but there will always be a market for the exceptionally talented.
Compensation
The compensation is typically a mixture of stock and cash; equity vests at about 1%/yr/client and the hourly rates are $150-350/hour. There are no benefits and no bonuses. Successful advice can result in equity worth 10-20 times the value of the cash compensation.
Advice to Jobseekers
Get a superb education in a difficult technical field, then work in the business for 5-10 years to establish crediblity, and a superb roladex before attempting to consult. There will only be a limited market for talented consultants, but there will always be a market for the exceptionally talented.

This Principal career survey is just one of 1000s of exclusive career surveys available on Vault. Find out what it's actually like on the job with Vault's job surveys.

Read all Vault Career Surveys for the inside scoop on specific jobs
Read Vault Employee Surveys for the inside scoop on specific employers
Read Vault Student/Alumni Surveys for the inside scoop on colleges and grad schools