As a B-school prof, I followed a few consulting opportunities. Results: (1) Not always easy to get paid. (2) Medicine and some fields of engineering are recognized and accepted professions where both the professional and the customer know something about what to expect. Less so for applied math. In simple terms, so far applied math is not yet much of a profession. (3) Really, all the business came via the B-school. B…
If I had the same feeling about a Java consultant I know about how and where to find one, how to present the problem and what form their solution might take.
I think spreading the word about how to do the same with an applied mathematics consultant would be very useful in expanding the market.