My external billing rate has increased 10% this year which kind of got me thinking of the percentage of hourly rate I get as basic salary - and whether I'm underpaid / overpaid, or getting about the going rate.
My external billing rate is £230 / hr. Based on utilisation of 218 days last year that translates to £376K in revenue.
The hourly rate breaks down as:
External rate : £230 / hour
Gross basic salary: £45 / hour
(based on 95% utilisation & 7.5 hour days)
I'm fairly cynical, so can't help but feel that even allowing for VAT and a few training days (I billed 218 days last year), that the consultancy I'm working for spends a lot more on internal admin and partner bonuses than they pay me - and I'm the one who works away from home all week every week.
How does this compare to everyone else?