Ex-MBB consultant (EM/ Manager/AP level) approached about a freelance consulting opportunity. Is an hourly rate of $200/hr a reasonable market rate?

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My electrician charges me more.

likefunny

Either you’re being ripped off or getting Brady’d

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Hi I own a free lance consultancy. This is my view :

1. If it is 40 hours a week for more than few months then 200 is fine
2. I typically charge 300 per hour when the commitment is 20 hours a week. 20 hours a week is my minimum commitment

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I think it depends on what the opportunity is. If it’s to provide more senior level oversight or strategic thinking or subject matter expertise you could get $250-300.

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$200/hr translates to a 420k salary, so if you think that's worth your time, then yes it's reasonable. If you make more than that, you probably don't need the money anyways 🤷

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That calculation assumes that as a freelancer you would have a 100% utilization rate and no sales or time off.

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If there were no conflicts or compliance issues I'd happily do a little extra work for $200/hr. Wouldn't risk my day job though

Absolutely..

That’s pretty good. I’m seeing $125-150/hr

Not the norm but I’ve had a handyman quote me $300….

Times must be tough when ex-MBB trade knowledge and influence for 200 an hour unless there is a bigger payoff later.

Hopefully you are figuring out leverage, hourly rate without leverage seems old school.

Very helpful, thanks!

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