Anyone here doing independent consulting work? What’s your going hourly rate? I get that it will vary based on industry and YOE but any data point will help. TIA

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

Your rate needs to take into account 15.3% for Social Security & Medicare, health insurance, liability insurance, and some coverage for nonbillable time such as vacation.

like

Value based, because clients ideas go wild. I do AI - so don’t do an hourly rate. It’s project based and a very well written SOW. It’s an art plus the train on you and your time and any admin needs to be considered.

likesmart

$300/hour. 25 years of Ops experience for Industrial manufacturing type firms. I am 20+ hours per week, they want me full time but I have something else going on. A PE firm agreed to $400/hr, but no project yet.

like

If S Corp, take a reasonable salary and 15.3% is on that. You get to write of expenses, more tax deductions, higher limit of Solo 401K, etc.
If one gets into a long term project at least initially until stabilized will be ahead.
Watch Mark Kohler, Karlton Dennis you tube videos to start with.

like

OP. No one tells you about the pain in the ass to close a corporation. With LLC no real reason to for anything where you are the only owner. The idea of not being able to pierce the corporate veil in case of a lawsuit is nil. And, unless things have changed, no real tax advantages unless you are employing others.

like

I hire independent consultants. The ones I hire typically charge $1000 to $3000 per day depending on their background / skillset and the project

like

Thank you!

Look out for companies wanting to pay you individually, instead of the LLC unless you have stout insurance which is hard to obtain
Ask your CPA about an LLC regarded as an S Corp since you already have that set up.
I would consider a structure like P1 uses, but bill by the hour - anywhere from $75 to $200 an hour depending on complexity. Ensure your SOW is tight.

Thank you!

Don't forget E&O insurance.

I am an IC and set up an LLC last year. I am simply doing the passthrough o my personal tax return and writing-off the expense. S-Corp is a tax election that comes with tax savings once you cross the revenue threshold but also have more admin expenses (could be a wash); and you can make it anytime. The challenging part is to find clients and gigs. I work primarily in FSI Transaformation/PM space in Northeast/NY area. I bill $1-1.5k/day The market is not great; and I am currently between gigs. Taking a break and hope to pick up another gig inthe new year. If anyone is looking for an IC in Q1 26, please drop me a DM. TIA.

Related Posts

Compensation estimates for a role like this? Glassdoor estimates $51k. Does that sound accurate for right out of college?

HR coordinator
0-1 YOE
Chicago
Tech
~350 employees

I am looking for a job change. How much salary should I expect?
Yoe: 3YOE
CCTC: 12LPA
Tech: Databricks, Python, AWS, Big Data

like

Interviewing around right now. What comp should I ask for M1 roles? IT Audit, NYC

like

What should a commercial claims account manager be making as a salary ? Handles asbestos claims only. Works for a TPA handling claims for 4 carriers. Law degree with many years trial experience as in house ID but for personal lines. This is first job handling commercial claims

like

Does anyone have thoughts on the differences between working for larger versus smaller Growth Equity firms? Especially as it relates to career progression, comp, work/life…. Thanks

like

Anyone had to relocate mid-lease when taking a job at a new firm? Did the new firm offer you anything in compensation?

like

Looking to apply for venture x before the offer goes away today. Anyone out there willing to share some of their referral bonus? 50 bucks?

like

Will my firm pay my bonus if they pay it out 9/30 but my last day is 10/1?

like

Can people working side gigs as consultants receive deferred compensation? Or has anyone seen other creative, legal ways that consultants can work now and get paid later? I have a side gig that could end at any time, and I don’t envision it going into 2022. Good problem to have, but the side gig is bumping me into higher tax brackets this year, while next year, I envision I’ll be back to lower brackets, so I was wondering if there’s a way to delay some of this compensation to next year.

like

Hi Fishes, I l'm about to get offer of 10 LPA from Yash Technologies as an SAP ABAP Consultant, YoE - 3.7. any feedback on Yash Technologies in terms of Learning and work ?? and how much can I expect take home Salary?

like

Is Capgemini providing joining bonus for pune location??
Did anyone get joining bonus from Capgemini for joining pune location??

like

About to join BNY Mellon this month pune location as a Technical Lead. I am eligible for bonus in Jan 2023 or not ?

What do you guys think the salary range should be for a 5th year lit associate at a boutique shop in NYC? Sophisticated clients, mostly international work, well known in their practice areas. Obviously it’s not going to be market, but still curious as to thoughts on rough ballpark. High 1s, low 2s? +/- ??

likesmart

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

likehelpful
like

HELLO Fishes,

How is BA Continnum regarding work life balance and will there be any bonus ?

like

Anyone have a view on Conway Mackenzie? What is comp structure like there?

like

EY offered manager 1 in FSO business transformations team with 150k base with no signing bonus. 7 YOE in NYC. Is this a good offer?

like

Hi folks. I have an offer with Persistent. Can somebody help me with the in hand salary and whether the salary offered is in line with 10 YOE

Post Photo
like

Hi Fishes,

I am working in Capgemini past 2.5 yrs in Power Bi domain and total i have 5 yrs of exp in IT industry. But my salary is same as my experience 5 LPA. I know i am getting underpaid. If anyone can refer me help me out ...i can give him my first salary... I am at a high debt.

like

More Posts

EY law question - Checked the online portal and it seems like petition is ready to be sent to me but lawyers have stopped responding. Any idea what might be going on? (H1B1 Consular processing)

like

How much can i ask for Principal Product Manager IC4 at Oracle Analytics Cloud (under OCI)?

Yoe- 8
Cctc- 18 (have an offer from Thomson Reuters for 28)
Oracle Oracle India

like

What is the average salary for s Business Developer for a vocational services disabilities agency?

Looking to do a career pivot into VC. Have 12+ years of B2B tech marketing experience with IBM, Google, Deloitte and a number of startups. Have skills in messaging, product launches, and sales and enjoy diving deep on my personal investments (all public companies beyond a few RSUs). Have an MBA in the back pocket too. Thoughts are to join as a marketing expert and learn unique VC investment philosophy. Any advice on how to break into the VC world? Just started networking/planning.

like

Opposing counsel was this fine af old ass white man and I was confused. Like am I a naughty or nice to Santa?

likefunny

If you could go back in time what would you tell yourself before taking out student loans?

like

Hi fishes!

I have an offer from Accenture for solution architect role in GCP. HSBC is happy to match the offer.
Accenture vs HSBC. Any thoughts?

like

One of these days where I wake up and I’m like “why/how tf did I get into investment banking??”

like

What is the salary range for Associate Manager in EYGDS Strategy and Transaction’s.
I have a salary of 13 Fixed. How much should I ask ?

I have been selected as associate software engineer at oracle cgbu division from on campus placement. When does the internship period usually start and also does the company provide a macbook for work.

like
like

Is it ok to get 25 LPA fixed with 10 years of experience? Am I behind the salary bracket?

like

My company went toxic in the last couple months. Chose me and started interviewing. Had a very successful interview with Amazon but recruiter is working hard trying to place me and said there’s no knowing how long to find a team. Meanwhile I just received a Director offer for a company with a 29% pay bump July 1. If Amazon or any other FAANG/large co gets back to me, is there an acceptable way to not burn bridges with new job and accept or delay start date with FAANG? Or fuck it just hop?

like

I work for a non profit hospital - I’ve been offered a reclassification position from Finance Analyst I to Senior Analyst- what should I expect in regards to salary increase / is there any negotiating if the % is low?

like

How many of you are building side gigs in addition to your usual work?

like

How long does it take for you all to commute to work normally? I am moving to Woking soon and am looking to land a consulting gig in London. It will take me 10-20 min to get to the train station, and from then on the train to Waterloo takes 30 mins. Not sure if that’s going to be too long a daily commute by UK standard?

like
like

Hey Fishes, What is the BGV process at HSBC? I got an offer for analyst, but the date of joining is about a month later. They are saying time is required for BGV. ICan anyone please tell if there are chances of them declining the offer? HSBC Thanks

like

I’m a 5th year associate in big law. I’ve always kept partnership in mind as an option, but last year I spent some time thinking about the future of my career and think I may want to go in-house (although I haven’t completely ruled out partnership). What should I be focusing my time on in the next couple of years? For IH counsel who transitioned from big law, what are some things you wish you had done before leaving big law? And where should I look to get a feel for the types of jobs out there?

like

Hello guys,

Any information on below would really help!!
I had package discussion with TCS HR this month 4th but I have not heard back yet. Tried to reach out to hr but no response.

Does anyone know how long they take to release offer letter?

If they put on hold or reject..will they notify us..
Please respond!?

Did anyone receive offer from TCS this month??

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal