What would be the likely range for a contractor’s day rate in London, for a strategy or operations role, if exiting BCG as a Principal (Big 4: Director equivalent)? 10+ YOE. And what % should I plan to forgo for the agency fee?

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It all depends on the client, however I would say £1,000 is good, £1,250 is great, and anything about £1,250 is excellent. The other caveat is whether the role is within or outside IR35, some clients use the fact that their proposed role is outside IR35 as a way of negotiating down your rate.

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Spent more years in industry than consulting. I worked with a lot of contractors but they were either ex industry people or career contractors with big, recognisable programmes under their belt. Can’t say I ever saw demand for a strategy contractor. At current employer (FTSE 100 household name) we don’t pay more than £1K per day for contractors and those at the top end are retired industry execs. Most contractors I know are doing 2 gigs at once since IR35.

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Don’t think you understand how the role of a contractor works. They’re usually on a contracted number of hours per year, whatever you do outside of those hours is on you. I only know of a handful of people who do 2 full time contracts but usually folks have time to do an additional contract half time, or take on freelance work or do work for their local university. Outside of FAANG, I haven’t seen anyone ask contractors to sign a noncompete but that would be interesting if that’s something companies are doing now. I don’t know too many people who have changed gigs since Covid so maybe this is new.

Good luck finding said role

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The key is your network, people willing to get you onboard because you are a known entity will give you the greatest chance. Ex MBB can expect between £1000-1500 day rates especially if you are tapping into network.

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About 1.7-2.3k for 2024

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Thanks for the replies; very helpful

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F

I'd probably say £1200+, average around £1500 - if you have particular expertise in an area that few others have, that could increase quite dramatically.

I work for an executive search firm that does this kind of work - happy to talk if you'd be interested.

Hi. I’m in a similar position but at Big 4 Manager equivalent. Would you be willing to have a chat about reasonable day rate?

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