How much do PhD consultants charge?

To give you a frame of reference, my own PhD consulting hourly rate was $70 an hour for most clients. For the occasional passion projects or non-profits I’ll go lower—my lowest right now would be $55 an hour.

What should I charge per hour for consulting?

Management consultants charge between $100 to $350 per hour. UX consultants charge between $25 to $190 per hour, with $70 being the average.

How much do consulting firms charge?

One data point: A partner at a small management or IT consulting firm (maximum sales: $10 million) charges $294 per hour on average, while an entry-level consultant goes for $175 per hour, according to Kennedy Information, a market research firm that publishes comprehensive industry reports that run into the thousands …

How much does a Northwestern Professor make?

Average Faculty Salary By Academic Rank – Northwestern University. Total 1,484 faculties (full-time instructional staffs) work for Northwestern University and the average salary for the faculties is $157,615 (equated to 9-month contract). The average Professor salary is $211,302 over 688 Professors.

How do you price a consultant?

To calculate your hourly consulting rate:

1. Determine what salary you’d like to make.
2. Take that number and divide it by 52 (number of working weeks), then again by 40 (number of hours each week).
3. Take that number and mark it up by 25\% to 50\%.

How much do companies pay McKinsey?

Average McKinsey & Company Management Consultant yearly pay in California is approximately $145,472, which is 57\% above the national average.

Does Northwestern Mutual pay a salary?

The average Northwestern Mutual salary ranges from approximately $53,906 per year for a College Financial Representative to $221,348 per year for a Senior Director.

How much does an adjunct professor make at Northwestern University?

Northwestern University Salary FAQs The average salary for an Adjunct Professor is $54,307 per year in United States, which is 118\% higher than the average Northwestern University salary of $24,901 per year for this job.

Do Consultants charge by the hour or hour?

Consultants are notorious for undercharging — especially when they charge by the hour. Every time you successfully complete a project, increase your hourly rate by $25. Eventually, you’ll get to the point where charging by the hour is no longer the best method for you or your clients.

What is the range of pay for a consultant?

What range of pay has the market set? “The market rate” is the average price and range of pricing a typical customer will pay for your type of consulting service. If the average business consultant charges and receives $100 per hour, than the “market rate” is likely between $50 to $150 per hour.

How much should you charge for business consulting services?

“The market rate” is the average price and range of pricing a typical customer will pay for your type of consulting service. If the average business consultant charges and receives $100 per hour, than the “market rate” is likely between $50 to $150 per hour. As that example hopefully demonstrated, market rate is not an exact science.

How much should I charge as a freelance consultant?

$102 = $100 per hour. This is your starting hourly fee. If you feel like it is too low, raise it. But don’t lower your fee. Consultants are notorious for undercharging — especially when they charge by the hour. Every time you successfully complete a project, increase your hourly rate by $25.