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How much an EXL pay for 3.5 YOE data engineer?
Looks very windy at cota…
Chief
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I target 35-40 a week at a 1,950 target firm. Some weeks are 40-50, others 30-35. Somewhat out of your control. I don’t work Sundays either.
It helps when some vacation time counts toward the bonus target. My old firm didn’t do that, but my new firm does and it’s great.
These numbers are crazy too me. I own a family law firm and the minimums are 1000 on billed to invoice and collected. We have a nice bonus structure for all collected billables over 1000.
Billable hours are the worst 🙃 Why did our profession decide that measuring our lives in 0.1 increments was a good idea?!
Chief
I used to target 45 hours at a 1,950 hour requirement. At 50 weeks that was 2,250 annualized, which is pretty close to where I was billing as an associate (1,950 target notwithstanding).
Now that I’m at an 1,800 hour shop I tell my mentees to target 38/week. At 50 weeks that gets you to 1,900, and gives a little wiggle room for vacations and slower weeks.
I target billing as much as I can. My firm’s work flow is so inconsistent that I’ve been billing 45-50 hours a week for the last 6 weeks and still haven’t made up for how slow Q1 was. Minimum of 1850.
Some areas are notoriously bad-like M&A. Either crazy busy or crazy anxious
As a quick rule of thumb I do target divided by 48
Thank you, this is helpful. Currently hoping to switch firms and that sounds doable. That’s awesome that your firm counts some vacation.
At 1800, with 3 weeks’ vacation and 3 weeks’ holiday/sick/PTO, that’s an average of 40. But with all the non-billable stuff we do, in my experience that’s an average of between 45-50 per week WORKING hours. And that’s an average; front-load as early in the year as possible so you aren’t panicking at the end or slow p periods catch you by surprise.
Thanks all, this has been very helpful.
4th year $140k M&A