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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Do an internet search such as “typical hourly rate for change management consultant in [your location].”

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How to Figure Out Your Consulting Bill Rate

Successful Independent Consulting

Was it at a big firm with formal training (for example Deloitte, Bain & Company) or did you learn on the job as an internal resource with a company? Field of expertise — Consultants who can diagnose problems and create sound strategies and actionable plans can charge more than those who focus on more tactical work like project management.

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Oliver Wyman Careers

CaseInterview.com

Marsh and McLennan is a large, publicly-traded professional services and insurance brokerage firm with over 50,000 global employees and $10 Billion in revenue. Consultants here tend to serve insurance, investment banking, retail banking, government agencies, payment processors, and private equity fund clients. Bain & Company).