How much do independent management consultants charge?

Generally, there will be a blend of resources who vary in rates. For a smaller, boutique firm, rates decrease considerably and will typically range from $250–$400/hour. Working directly with an independent consultant, the rates will come down slightly from there, starting at $100–$350/hour.

How much do strategy consultants charge?

What is known, though, is that rates can differ widely, from a monthly rate of INR 24,000 for an interim consultant working on an operational level to INR 1,80,000 or more per month for a consultant from a leading strategy consulting firm.

How much do strategy consultants make per hour?

How much does a Strategy Consultant make hourly in the United States? The average hourly wage for a Strategy Consultant in the United States is $47 as of November 29, 2021, but the salary range typically falls between $42 and $52.

How much do strategy consultants make?

Strategy Consulting Strategy consultants typically earn a base salary between $70,000-$100,000 at the entry level. MBA grads earn $150,000 while project leaders in strategy consulting earn $175,000.

What is the average consulting fee per hour?

HR consultants charge between $95 to $190 per hour, with $140 being the average. Tax consultants charge around $200 per hour. Web designers charge around $30 to $80 per hour, with $75 being the average.

How much do marketing consultants charge per hour?

According to Glassdoor.com, the average marketing consultant salary is $49,527 a year. A marketing consultant hourly rate can depend on the market, experience and scope, among other factors. Though, it will often be roughly anywhere from $50 to $150 per hour, according to Jason Falls’ 2017 Marketing Pricing Guide.

What is the average consultant fee?

Finding the market rates for your industry Here’s what we found: Marketing consultants charge between $25 to $300 per hour, with $100 being the average.

How do you calculate consulting rates?

If you’re just starting a consulting business, the best way to determine your rate is to divide your former salary by 52 work weeks and then divide that number by 40 (the number of work hours in a week). This will give you the hourly rate you were making before.

Do strategy consultants make a lot of money?

The average annual consulting salaries for entry-level jobs in the US also varies according to the specialization. An entry-level strategy consultant can receive an average annual salary as high as $82,297. An entry-level financial consultant gets an average annual salary of $59,856.

How much do consultants charge?

On average, small business consultants charge $75 per hour, with costs ranging from $45 to $150 per hour nationwide….Hourly Small Business Consulting Fees:

Average Cost	$75/hour
Typical Range	$45-$150/hour

How do you price consulting fees?

Determine your hourly rate based on your experience and industry standards. If you’re just starting a consulting business, the best way to determine your rate is to divide your former salary by 52 work weeks and then divide that number by 40 (the number of work hours in a week).

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.

What drives the variance in consulting fees between firms?

This variance is driven by the premium the firm is able to command (e.g., McKinsey will usually charge more than say, LEK, because of the premium their brand commands), the length of the case and the number of consultants required to do the work.

What are the different types of consulting fees in different industries?

Average Consulting Fees in 5 Popular Industries. 1 1. Average Restaurant Consulting Fees. Restaurant consulting is one of the more common categories of independent consulting. In fact, hiring a 2 2. Average Small Business Consulting Fees. 3 3. Average Marketing Consulting Fees. 4 4. Average HR Consulting Fees. 5 5. Average Tax Consulting Fees.