Of course it is. Everyone’s mileage will vary. Not everyone is cut out to be CEO of a consulting firm. As a solo consultant, you’ll be hard pressed to charge more than they could get a FTE. As a firm, well, Deloitte, Cognizant, Pearsons, Booz Allen, all started as a consultancy or professional services spin off.
If you’re wondering how to be a consultant, you won’t get FAANG money. If you know how to be a consultant, it’s a matter of finding the right clientele and/or hiring a sales rep for their clientele.
Again a massive no true Scotsman stretch. GP asked if we could make FAANG money as a contractor and you claim four fold... If you have the network, money and sub-hire a bunch of people. Ok sure but then it's not a like for like comparison.
Most ppl in contracting are just interested in FTE work, with a better rate, tax framework, less office politics, etc. Very few want to go full Cognizant.
I see perhaps somewhat lost in translation. In Europe a contractor is often referred to as an external consultant and _actual_ "Consultancy" are somewhat interchangeable terms but one is John's LLC and the other is BCG's pricetag consultants.
If you’re wondering how to be a consultant, you won’t get FAANG money. If you know how to be a consultant, it’s a matter of finding the right clientele and/or hiring a sales rep for their clientele.