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Consulting on the side

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UCSFdreamin

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How common/feasible is it to work as a consultant part time for a firm? I am interested in medical research, but am not sure if I want to run a lab. Instead, I was thinking of having a private practice and working through a university to conduct clinical/epi research. I think this would also give me strong credentials for consulting, which I think I'd really like. If I can manage the time (which is a very big IF, I understand), are firms interested in currently-practicing physicians? I imagine I'd want to get an MBA at some point before trying.

Thanks--
 

DrJosephKim

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There are many different types of independent consulting opportunities for practicing physicians. You'll have to explore and find them yourself.

However, if you'd like to work for a large consulting firm, keep in mind that they have full-time physician consultants on staff and they don't generally rely on extra contract consultants.
 

michaelrack

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Instead, I was thinking of having a private practice and working through a university to conduct clinical/epi research. -

A lot of universities are getting rid of this option. The univ of MS med center recently got rid of the last of its part-time faculty. Even faculty who basically volunteered 1/2 day (one clinic ) a month for a nominal fee were gotten rid of. Universities want total control over the faculty.
 

rysa4

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How common/feasible is it to work as a consultant part time for a firm? I am interested in medical research, but am not sure if I want to run a lab. Instead, I was thinking of having a private practice and working through a university to conduct clinical/epi research. I think this would also give me strong credentials for consulting, which I think I'd really like. If I can manage the time (which is a very big IF, I understand), are firms interested in currently-practicing physicians? I imagine I'd want to get an MBA at some point before trying.

Thanks--

If you would be employed by the private practice, as long as you ran your income through the practice plan and overhead, no one would sweat it. ( Assuming you did your fair share of call etc)
 

notinkansas

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I recently left clinical practice behind to work as a consultant. It's hard to imagine how it could be done part time. I'm in the health care consulting area of one of the big 4 accounting firms. They do offer flexible and reduced hours work schedules- usually only after you've been there a while and are established. And those I know on these schedules still find it challenging to manage. Just like consulting isn't limited to 40 hours a week, "reduced hours" doesn't mean 20 hours a week.
 

skontroller

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Congrats on the move. Depending upon what field you came from it must have been a tough call to make. It's hard to leave 300-400k for 150k + bonus but in the long term you're better off doing what you enjoy. There's also probably significant upside going into industry if you do well.
 
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