Portfolio Careers are Booming

Highly regarded business journals and magazines have been writing about the rise in portfolio careers for the past couple of years. Now others are picking up on this booming career trend. We were intrigued to read a newly published article in Harper’s Bazaar that makes a case for why professionals may want to consider a portfolio career.

A portfolio career comprises a variety of roles rather than one job at a single organization. It is a career strategy that is crafted with care and intentionality where professionals combine multiple streams of income to create a mix of either full or part-time employment. A large percentage of Croixstone’s consultants have successfully constructed portfolio careers that deliver variety, challenge, great income, and the professional satisfaction that so many highly experienced professionals are seeking.

The Harper’s Bazaar article spotlights recent research from the Department of Education in the UK that found that 63% of adults in England have multiple roles, or plan to, in the future. The study, conducted in November of 2021, also found that 37% more people have a portfolio career than before the global pandemic.

Read the Harper’s Bazaar article here.


The Rise of the PORTFOLIO Career

Much like COVID-19 has accelerated the pace of digital transformation, future of work experts are seeing a rise in the pervasiveness of professionals with “portfolio careers.”

Ben Legg is an engineer, serial CEO of global digital businesses, former COO of Google Europe, and former McKinsey consultant.  He believes the portfolio career is a continuation of the automation of work and is here to stay. 

Croixstone’s business model is built around our deep understanding of the portfolio professional.  So what is a portfolio career? 

  • A portfolio career isn’t reliant on a single source of income.
  • Income is derived from serving multiple clients that might include project work, consulting engagements, interim roles and/or board roles.
  • Unlike a “gig economy worker,” a portfolio career is thoughtfully put together and is focused on offering differentiated services in order to maximize earnings.

Learn more about portfolio career insights from Ben Legg.