In the interview process for an SVP-level position leading a small team in NYC and leading new business opportunities. The agency has a larger office internationally and is working to grow its presence in the US market.

They are looking to start fractional and move to full-time if all pans out. Wondering if anyone has had similar opportunities and can share insights, as well as day-rate recommendations.

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My only advice on day rates is this: most agencies set their bill rates based on 1/3 salary, 1/3 overhead and 1/3 benefits (and a profit margin). So what rate are they billing you out at? For math sake, say $300.

Now, $100 of that is salary, but that assumes you’re full time. You’re not. I could make a case for the overhead, but not the benefits. Take that out. Now you’re at $200/hr.

You probably won’t get that, because, profit margin. Call it $150.

Or, if the math above ain’t mathing, your going rate should be half what they bill you at.

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