Does anyone have experience going from full time to contract consultant or vice versa? How much more is pay in contract roles, and is it worth it? I have an opportunity for a 3 month contract, but am in a FT role currently so feel I would have to be paid quite a bit more in order to take that risk - but I honestly have no idea what is reasonable to ask for.

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What I've heard is you should be looking for 1.5x-2x your regular rate. Since you need to pay your own benefits, vacation, taxes, plus when you are in between projects you won't be making money. Higher risk, higher reward.

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What level are you? I have seen 125 to 150/hrs and 1200 to 2200/day rates as a reference

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I'm 2 yrs post-MBA. So Sr Consultant/Sr Associate level at most firms.

1500 to 1700/day. If it's a longer contract maybe discount. Depends what you want

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Thanks appreciate the input. And to clarify, are those the billed rates to the client or the actual rate paid to the contractor?

The people I know that did contact consulting did it directly with client. I have known 5 people who have done it. It was paid directly to them

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Gotcha. Thanks again for the insight.

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