SM asking big 4 for 180$ base. Just got a boutique firm asking me to contract for a 18 months. Given I have to pay my own insurance, health, benefits etc., how should I calculate a good hourly rate.

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You’re an sm. You should be able to figure this out.

likefunnysmart

Start w something like this maybe...

(A) Get a quote for monthly health insurance premium online and multiply by 12
(B) Salary is 180K
(C) 2080 working hours in a year
(D) 15% premium for the risk of being independent and cover other fringe stuff you would get from a large firm

(A+B) * (1+D)/C = target hourly rate

likehelpful

Your hourly going rate in the market should depend on market willingness to pay, not your BATNA

like

$180/hr

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This. Someone said it above, but the average hourly for your salary x 2. This is the general rule of thumb for freelancers.

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OP, is it 1099 or W2? If W2 with SOME benefits (e.g. partially subsidized health/dental/vision insurance, 401k but no match, etc) I think $130-140/hr take home is realistic but ask for $150. If 1099 I would ask for 10% more, so $165/hr.

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180k base hourly x2

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You’re also going to pay both portions do payroll taxes, so I’d include the extra 7.5% as well

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It is LLC

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