Had a recruiter reach out to me from GLG inquiring for a consulting position, a couple of calls and a series of question later they asked for a rate, their interested in my experience working in a specific manufacturing sector of Ethiopia, with 10 years working as a financial director for a prominent factory in that sector, how do I determine my consulting rate? (With no past history doing consulting)

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Posting as :
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They lookin for black opals? Cause I may know a guy...

likefunny

KG, come eah step inta my office. Have a seat

funny

I can't speak to how taxation works in Ethiopia, but a general rule of thumb here in the US is that your rate is 3x your desired annualized salary rate. 1/3 is attributed to taxes, 1/3 is attributed to benefits, and 1/3 to your pay. If taxes are lower or higher in Ethiopia, adjust that portion accordingly, along with the benefits portion.

There are more nuances that go into the calculation if this is a long term vs short term gig, but 3x gives you a decent starting point.

smart

Just say 1000/ hour

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You can ask $300/hr and they won’t blink an eye.

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Typically between 1000-1500 per hr.

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