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Do the math: 1500 x rate (say 400) x 1/3 = 200000
Rising Star
This is the correct answer. What’s reasonable depends on the economics.
My billable rate is mid 400s
I would hope you are making at least 225k
Those great benys will cut into salary. There’s a cost to those and they gotta be paid for. Everyone loves to cite the 1/3 formula. It’s a decent baseline but defo not the rule. Firm economics and business model always win.