Financial Consultants

One of the fastest industries in the UK is the banking and finance consultancy industry. With the turmoil of the last two years, the huge job loses in the finance sector and the uncertainty surrounding job security, many finance professionals have turned to consulting to provide them with higher earning power and much greater tax efficiency.

Banks, insurance companies, law firms and financial organisations, have been turning to the consulting market with greater needs. After laying-off so many members of staff they have found themselves short of resources to complete existing projects and undertake new ideas. It is much cheaper in the long run for a financial organisation to employ a consultant than it is to take on a full time member of staff.

Average rates of pay for a financial consultant in the UK vary widely depending on the level of the role, the location, your experience and how long the project will take. The range is huge, because the market is huge, from £100 to £1,000 per day. On average Joslin Rowe states a fee of £800 per day or £200,000 per annum for an experienced banking or financial consultant.

With rates of pay this strong and coupled with the freedom of being a contractor, the reasons to enter financial consultancy keep growing and growing.

If you're new to contracting, check out our First Time Contracting page and our Do I Need an Accountant pages.

If you have any questions at all, drop us an email at info@123contracting.co.uk or call us on 0845 834 0269.