Thread List
First Page Previous Page Page 109 / 320 Next Page Last Page
Subject#Latest
6 14.12.10
9 14.12.10
10 14.12.10
4 14.12.10
5 14.12.10
12 13.12.10
6 13.12.10
11 12.12.10
6 12.12.10
15 12.12.10
13 11.12.10
8 11.12.10
4 10.12.10
6 10.12.10
9 09.12.10
2 09.12.10
4 09.12.10
5 09.12.10
9 09.12.10
1 09.12.10
1 08.12.10
1 08.12.10
5 08.12.10
12 08.12.10
11 08.12.10
3 07.12.10
14 07.12.10
58 07.12.10
10 07.12.10
2 06.12.10
7 06.12.10
1 06.12.10
4 06.12.10
8 06.12.10
20 05.12.10
21 05.12.10
5 05.12.10
1 04.12.10
8 03.12.10
9 03.12.10
5 03.12.10
8 02.12.10
9 02.12.10
7 02.12.10
4 01.12.10
3 01.12.10
14 01.12.10
5 01.12.10
4 30.11.10
11 30.11.10
First Page Previous Page Page 109 / 320 Next Page Last Page

hourly rate as contractor- am I selling myself too cheap?

 
#1 hourly rate as contractor- am I selling myself too cheap?
09/12/2010 02:43

Contractconsultant

Hi all contractors out there!

I recently left my management consultancy role for contract work with a boutique strategy consultancy. I am at (senior) consultant level, have worked ca. 3 1/2 years in business strategy & transformation projects (my second career choice having switched from the public sector). Overall, I have about 8 years working experience.

Now, I am speaking a number of languages and also use these for my current work (M&A). I question - what daily rate you think I should expect? Is it in the range of :

150- 200

200-250

250-300

300-350

>350

The reason I am asking is that an agency recently told me I am underselling myself (although I later realised they were recruiting at manager level). I really see my contract work as a way to keep myself alive financially while applying for new positions. It's not a career choice (yet).

Let me know!

Thanks

undersold contractor

Reply  Quote   
 
#2 RE: hourly rate as contractor- am I selling myself too cheap?
09/12/2010 10:44

Shoe Polisher to Contractconsultant (#1)

Troll or naive?

I pay £400 a day for Senior Consultant level. (limited company or umbrella)

Reply  Quote   
 
#3 RE: hourly rate as contractor- am I selling myself too cheap?
09/12/2010 17:42

Terry the Troll to Shoe Polisher (#2)

Shoe polisher - I'd pay £800+ for a troll. Just think how specialised we are!

Reply  Quote   
 
#4 RE: hourly rate as contractor- am I selling myself too cheap?
09/12/2010 21:26

anon to Terry the Troll (#3)

Depends if you have your own bridge.

Reply  Quote   
 
#5 RE: hourly rate as contractor- am I selling myself too cheap?
10/12/2010 11:04

abdulabulbul to anon (#4)

"I am speaking a number of languages" - clearly English is not top of the list...

Reply  Quote   
 
#6 RE: hourly rate as contractor- am I selling myself too cheap?
10/12/2010 12:25

Mr Cool to abdulabulbul (#5)

Contractconsultant,

Ignore the pathetic and vaguely racist comment on your tiny error in English – sadly many native English speakers remain incredibly narrow minded as they stamp around in their linguistic clogs. No doubt they find English the only language they need as they order their Stella in Torremolinos.

As for your day rate, I suspect from the range that you offer, you are indeed undercharging compared to market rates. As a general rule I would suggest that any consultancy company using you as an “associate” would be happy to make a 60% margin on your cost to them, i.e. for every £100 you charge, they should be happy to charge £160 or more. If they are getting £1000 a day for you, you should be able to get away with charging them about £600.

HOWEVER – it depends on your situation. If this is a stop gap until you find another permanent job, it may be better to stay in work for a lower than market rate than to risk being out of work and eating into your savings.

Reply  Quote   

Top of Page

ThreadID: 69495

Advertise
Your Jobs!