article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? I was happy, and the client believed they were getting a fair price.

article thumbnail

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? If the latter, was it a company that provided access to training like General Electric, or a small to midsize firm? Type of experience — Where did you learn your craft?

article thumbnail

3 Tactics for Accelerating Company Performance Despite an Economic Downturn

Organizational Talent Consulting

They make companies more competitive and create sustainable business growth. Bain & Company found that 47% more S&P 500 businesses moved from the bottom quartile to the top half, and 89% more dropped from the top quartile to the bottom half during economic downturns compared to periods of strong economic growth.

Company 52