{ "media_type": "text", "post_content": "120k as a full time, or $100/hr as a contractor(no benefits)? PM role", "post_id": "5e263fe15cbf0f0024f4114a", "reply_count": 20, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

120k as a full time, or $100/hr as a contractor(no benefits)? PM role

likefunny
Posting as :
works at
You are currently posting as works at

Obviously many things to consider, but taking ONLY the following three points: 1) assuming no overtime 2) assuming 2080 hours per year 3) the rule of thumb is you take your salary's hourly rate and double it for contractor work 120k / 2080 hours is $57.69 per hour. Rule of thumb says you 2x it, so your hourly rate as a contractor should be ~$115. Initial assessment says your $100/hr is a little low. Follow up considerations: 1) do you REALLY need medical insurance? Or are you under 26yrs and are still on your parents? 2) will there be overtime? Overtime is usually 1.5x which means you'd be paid 150/hr for overtime (this could add up) 3) WLB: Would you be working crazy hours as a full time hire? Crazy hours sounds better when you're getting paid $150/hr 🙂

likesmart

Contractor is like ~200k if you work 40h/week. I’d take the contractor role and pay for the benefits myself. Health insurance on your own is not that expensive. And I’d have more cash to play with (investments, etc)

like

What's the outlook for more work after the initial contract is up and how long is the initial? I made this move 5 years ago and haven't regretted it but I knew it was niche field where the demand was strong. 100hr W2 for PM role is a little low. I'd counter with $125/hr and settle for sometime in the middle.

likehelpful

That’s the career progression for the $120k role? Other big factor is whether you need health insurance and if you do, how affordable it is to get your own policy.

like

Also both are w2 not 1099

like

Is $100/hr the gross rate or net rate to you?

like

Location ?

like

About 40 hours for both paths. Contract is kind of long term, no end date yet

Net rate to me

Same role

What should the rate be for a PM? I’m at $150/hr, Corp to Corp

NYC LOCATION

As a contractor, do you have your own LLC that the client pay you? LLC with s-corp taxation might help you.

Related Posts

What firms are hiring seniors consultants and managers in their healthcare practices (provider and payer segments)? Non government work, please😁

like

ACN, how easily can you switch OUs? I've been in Resources for 2.5 yrs (default OU for campus hire out of Houston) but my undergrad bkgd and interests are in healthcare. I'm a SA up for promo this yr

like

How can I get a good paying job in healthcare administration?? I will soon have my masters in healthcare administration and I currently work for a hospital system as a patient service coordinator. I feel extremely undervalued on top of underpaid. I know that I am capable of more. Is there a space for young healthcare professionals to excel?

like

In a conundrum. I’ve got 3 different offers with total compensation inversely proportional to firm prestige. BCG - $155k Accenture - $170k Grant Thornton - $180k Thoughts? Background: Healthcare. Masters level. Cleared. 5-10 YOE (for anonymity). BD experience.

likefunny

Being considered for a M role in GPS @ Deloitte. Some q's I have: 1. When is the bonus cycle? 2. What sort of travel may be involved? Who should I ask? 3. Would I be comped mileage when I have to travel to a customer site? If so how does it work? 4. Can I work from home, or will I be expected to work from the office every day? Who sets the policy? 5. What's up with the $1K commuting stipend? What's it good for?6. Is there a pension fund outside of 401k? If so what's it look like? Thanks!

funny

Am I wrong that physicians are the millennial snowflakes of the healthcare industry?

likefunny

Received an offer from EY and benefits brochure very brief. Any opinion on best/worst benefit and anything to negotiate?

like

What is Reimbursable flexible benefits in PwC offer?

like

Hubs and I just added up all our assets (cash in bank and 401k plans) and realized we are millionaires!! Wow! Can’t believe it. So excited!

likeuplifting

With two years working with LS clients and two years working with healthcare clients, how strong of a candidate am I to switch to a LS firm (I.e. ZS)?

like

Do you feel like people are finally seeing the worth of healthcare workers?

like

Talking after a couple drinks but guys WTF are we doing? We are extremely smart ppl doing so-so jobs for a decent living and benefits. We are so much more! Post continued as comment. Fuck u fishbowl

like

What are the benefits like at Deloitte? I may be switching over there soon. Do you have the options for an HSA? Any other perks?

Hello everyone, I’m senior consultant with a background in data analytics and finance. I want to pivot to a social enterprise in a program focused role; anything from education to healthcare, and remote anywhere. Does anyone have a referral or opportunity to discuss?

like

Where's my 401K match?

Forget all the fluffy benefits: give me guilt free nap time in a dedicated room and I’ll sign on the dotted line today.

like

Anyone looking to join Deloitte Health Care consulting? Currently going through a hiring spree, especially for senior consultants, managers, and senior managers. Happy to refer you! Let me know via message

likefunnyupliftinghelpful

Any tech-adjacent healthcare companies worth looking into? Trying to get out of agency

like

How much 💰 in your 401k? Include year as well.

like

Does anyone have any insight into maternity leave policies at IBM? Do you have to be there a year to qualify?

like

Additional Posts

Post for tests 2

like

Bhh d hhjjj dudjejr the jejune rhjejej. Jdjdjdn dhejejjdne dhejejjdne hehehehehje rhjejej he hehehehehje rhjejej

like

Make sure your hard work is protected. File or register with the U.S. Patent and Trademark Office or U.S. Copyright Office before it's too late. Complete our easy questionnaire and we'll help you quickly submit your application. Use your INNOVATOR code for 10% OFF.*

Post for push testing

like

Yeah you're right. It cuts after two lines instead of expanding.

like

Not seeing any other posts!

Top top post!

like

Not crashing anymore.

like

Testing at 9am EST

like

What are the best books/guides to study for the GMAT?

like

I want to request my fellow colleagues from PwC and Strategy&.please stop bashing our companies just because you're frustrated. There are plenty of opportunities outside of PwC. Please be professional

like

We need to change our Managing Director titles to something else. MD actually means something at a healthcare client.

like

Now accepting tips on how to deal with a passive aggressive manager....

"Working remote" is basically working from behind the remote....of my tv.

like

Shit Consultants Say.....

like

Just saw two ambulances outside the Chipotle next to my client site, but E. coli be damned, I just got off a 2.5 hour call and need a f***ing burrito. I'm taking my chances.

like

Any McK folks know about the "experienced associate" job post for Midwest offices that's posted? Do you need an MBA or is 5 years leadership/work experience and 2 years of strategy consulting enough?

like

💲💲💲PwC Cohort NUMBERS💲💲💲 (Not speculation, not complaining, just actual data)

like

Ah, to dream. Well for that matter to be on an airplane.

Post Photo
like

Immigration question - will Deloitte cancel your approved I140 if you quit??? Ex Deloitte people any inputs????

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal