|By Frances McCart,
Vice-President, Business Development at Eagle
Is there life after being employed fulltime at the Executive Level? The short answer is YES!
Over the past 5 years, the Canadian marketplace has seen an increase in the demand for Interim Executives, as well as for industry experts to provide subject matter expertise in the role of a Management Consultant.
More and more, as senior executives take packages from Fortune 500 Canadian Firms, for whatever reason, they quickly learn that there is an interest and strong demand for their skills. Organizations across Canada and around the world want to draw upon their deep industry expertise on an as needed basis, without the high costs associated with having these professionals on a full-time basis. The resulting agreement is attractive to both parties – the Executive gets to pick and choose their own clients and projects, and when they want to take one on (many take months off between roles) and clients gain the flexibility of hiring an exceptional, results-focused consultant, but only when they need them.
If you’re considering the management consulting route, but unsure if you’ll be able to find work, consider this: Hot interim and management skills in demand right now are for industry experts who possess deep knowledge of running large enterprise-wide programs at the Program Director and Portfolio Director level. Another hot skill in demand is for industry subject matter expertise from industries such as banking.
In particular from banking are those execs who possess deep knowledge of the payment industry. Fintech companies are entering the payment marketplace very quickly, and while these firms have the deep technology skills and entrepreneurial flare, many are lacking expertise around governance and compliance rules. Already at Eagle, we have seen Fintech firms seek out these experts to ensure their offering is in compliance with government regulations.
The Fintech industry is just one example. In fact, there are a plethora of opportunities in all industries for senior-executives to take on a new career and have flexibility, while bringing value to multiple organizations. If this is something that interests you, but you’re unsure where to start, leave your questions in the comments section below. Or, if you made this switch and have any advice to offer, we’d love to hear about that too!