{ "media_type": "text", "post_content": "Currently making 160k annually and looking at an opportunity to be an independent consultant with big pharma. How much hourly rate would YOU ask for to switch such a role?", "post_id": "610bec1b90888c002b553624", "reply_count": 2, "vote_count": 2, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Currently making 160k annually and looking at an opportunity to be an independent consultant with big pharma. How much hourly rate would YOU ask for to switch such a role?

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Depends heavily on expected chargeable hours The short answer is, "What the market will bear." If you think you'll only bill an average of 1,000 hours per year, you need to charge 2x what you'd charge to cover your expenses charging 2,000 hrs / yr (need to cover all expenses, including healthcare and retirement contributions). I'd imagine your current billable rate is probably a ceiling on what you can charge. And ~$160 / hr is probably close to your floor (~double your current hourly wage) if you think you'll be reliably chargeable. Just making this up as I type, so take it FWIW.

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And to answer the question you actually asked, I'd ask for $300K / expected chargeable hours.

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