expert
Expert with best answer

Ian

100% Recommendation Rate

30 Meetings

444 Q&A Upvotes

USD 279 / Coaching

Living in hotels

Anonymous A asked on Jun 29, 2019

Hey everyone,

I've recently joined a consulting firm and have been pondering my living situation. Essentially the office I'm at is very travel intensive and due to this, I'll only be in my home city for two days a week. A couple of my colleagues have decided not to rent/buy a flat to live in and instead decide to just remain in hotels over the weekend when they come back to their 'home city'. I understand that this is a great way to save money but was just thinking that this approach can lead to burnout when you consider that you won't have a place to call 'home'. I'd love to hear the thoughts of anyone who has been in a similar situation!

Thanks!

3 answers

  • Upvotes
  • Date ascending
  • Date descending
Best Answer
Ian
Expert
updated his answer on Jun 29, 2019
BCG Consultant | MBA Stern | 100% interview success rate (8/8 incl BCG, A.T. Kearney, Strategy&) |Personalized interview prep
Book a coaching with Ian

100% Recommendation Rate

30 Meetings

444 Q&A Upvotes

USD 279 / Coaching

Hi Anonymous,

If it helps, I also considered this decision. I ultimately decided on keeping a home. At least for me, having a home base to put my things, relax/recover in on the weekend, see familiar faces at etc. definitely kept my sanity. Most people I know have a home base, though I have heard of a few people calling their hotel home.

That being said, I was travelling to a city where I knew noone and I was very far away from my home country - if I had travelled to a number of other cities where I knew people, had a parent's home I could store my stuff in, and perhaps started BCG at a younger age I probably could have done it!

I think that the benefits also play a bigger impact lower down the food chain. For example, the returns on this decision are very high on the lower wage of Associate, however, at Project Leader level this probably doesn't make sense!

(edited)

Eugene
Expert
replied on Jun 29, 2019
Ex-BCG Project Leader, experienced coach & mentor, -30% discount for 1st session, price for 1hr coaching session + 1hr follow-up
Book a coaching with Eugene

100% Recommendation Rate

7 Meetings

3 Q&A Upvotes

USD 279 / Coaching

I would say it's very context-specific. If you are 21, single, love the vibe of the city and hang out with friend outside on the weekends, then you might enjoy staying in a hotel and seeing the amount on your bank account grow. If you are a homy person, who loves to come back to own things in the house (your books, your couch etc.), or like to invite people to your place, then a studio/apartment is probably a better option. What I would do is act in an agile fasion - test out and decide: 1). Stay for a month or two in hotels and see how you feel. You'll save some money in the meanwhile 2). If you feel like you're always on the road, don't have a home and feel bad, then find an apartment / studio for yourself, or at least share one with a roommate

Vlad replied on Jun 29, 2019
McKinsey / Accenture / Got all BIG3 offers / More than 300 real MBB cases / Harvard Business School
Book a coaching with Vlad

97% Recommendation Rate

346 Meetings

4,756 Q&A Upvotes

USD 319 / Coaching

Hi,

It's very much personal and I believe no advice can help here.

There are many other factors that prevent from burn out: relationships. what you are actually doing during the week and on the weekends, sleep, nutrition, etc

Sorry, but it should be your decision

Best