How are consulting fees calculated?

How are consulting fees calculated?

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 does consultancy cost?

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 business consultants charge in Nigeria?

Business Consulting = starting from N35,000. Business Plan = N40,000 – N80,000.

How do you negotiate consulting fees?

If you are new to the field of consulting and have not yet had an assignment based on your daily rate, ask around for advice. Ideally, ask another consultant. If you’ve been employed full-time somewhere, do not divide your salary by 250 (the approximate number of working days in a year) to arrive at your rate.

How much does a consultant doctor earn in Nigeria?

Private hospitals pay between N120, 000 – N250, 000 for resident doctors while Government hospitals pay between N190, 000 – N280, 000 for junior resident doctors. Also, Consultants generally earn between N600, 000 – N900, 000 per month. Here is a breakdown of how much medical doctors earn per level of experience.

How much is a consultant paid in Nigeria?

Consultant Salaries

Job Title Salary
PwC Consultant salaries – 6 salaries reported NGN 248,167/mo
Deloitte Consultant salaries – 4 salaries reported NGN 205,000/mo
KPMG Consultant salaries – 2 salaries reported NGN 225,000/mo
EY Consultant salaries – 2 salaries reported NGN 231,500/mo

How do consultants get paid?

Consultants receive an agreed upon fee for work on a project completed by a specified date. They usually determine project fees by estimating the number of hours it will take to complete the project, multiplied by their hourly rate. Consultants sometimes offer a discounted fee if the client keeps them on retainer.

What is the hourly rate for a consultant?

How Much Do Consultant Jobs Pay per Hour?

Annual Salary Hourly Wage
Top Earners $144,500 $69
75th Percentile $104,000 $50
Average $83,450 $40
25th Percentile $50,000 $24