HourlyNerd is now Catalant.
HourlyNerd aims to revolutionize consulting by matching qualified professional and top MBA students to your business. The Boston-based company was founded in 2013, and describes itself as “the future of consulting.”
Founded by 3 Harvard MBA students, the goal was to fill a void in the marketplace dominated by “old school” and high cost consulting firms.
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About Hourly Nerd
In the way Elance matches you with qualified freelancers, Hourly Nerd offers a similar service for consultants. In just a short time in business, they’ve already landed big name clients like Microsoft and American Apparel.
The “nerds” are rated on their communication, timeliness, work quality, and more. That helps keep the system transparent, similar to other virtual jobs platforms.
This is not a “virtual assistant” service in the traditional sense of the term, but instead gives small business owners a chance to get qualified expert help on an on-demand basis.
In most cases, your consultant will not be local to your business and you will communicate with them remotely.
How it Works
You post your project and students from the top 20 business schools in the country and select international institutions bid on the work. HourlyNerd takes a percentage of the project fee. There are more than 500 MBAs on the platform, and the number is steadily growing.
The service is aimed at small business owners who may not have the budget to hire a “full-fledged” consulting firm or an entire team of analysts.
HourlyNerd gives them access to bright young minds at affordable rates. On top of that, the students/consultants have the opportunity to gain real-world business experience and earn some money at the same time.
HourlyNerd Intro Video
The competitive bidding system keeps rates affordable, with even the top-pedigree consultants topping out around $100 an hour. Depending on the type of project you need done, you may find rates as low as $10 an hour — and everything in between.
Compared with the hourly rates of McKinsey or other “brand name” consulting firms (think $300/hr and up), you can see the attractive value proposition made by HourlyNerd.
With all Hourly Nerd projects, your funds are held in escrow until the project is completed to your satisfaction.
Aside from Elance (mentioned earlier), a couple companies offer similar services. MBA & Company helps match MBA consultants with smaller companies for one-off projects, while SkillBridge also links independent contractors to companies in need (though an MBA is not required).
Have you worked with HourlyNerd? If so, please be sure to leave a quick review of your experience below to help others with their hiring decision.