According to Salary.com, the average hourly rate for project manager consultants is between $59 to $74 per hour, with the median hourly wage being $66.00. On the freelancer site Upwork, the project manager hourly rate charged by consultants varies widely and is between $30 – $155 per hour.
How much should I charge as a consultant?
Alternately, they might charge a flat project rate of $500 to $5,000 per website. Management consultants charge between $100 to $350 per hour. UX consultants charge between $25 to $190 per hour, with $70 being the average.
How do I determine my consulting rate?
To calculate your hourly consulting rate:
- Determine what salary you’d like to make.
- Take that number and divide it by 52 (number of working weeks), then again by 40 (number of hours each week).
- Take that number and mark it up by 25% to 50%.
What is a typical project management fee?
Project managers tend to charge either a flat rate or a percentage of the total project costs. … For projects from $0 – $500,000, the project management fee totals 5%. So, for a $100,000 project, you would expect to pay the project manager $5,000. As the cost of the project goes up, the percentage-based fee decreases.
How much should I charge as a freelance project manager?
The freelance project manager’s day rate ranged from $75 to $520.
How do you negotiate consulting rates?
Freelancing: 7 Tips for Negotiating High End Rates
- Determine Your Minimum Acceptable Rate (MAR) Any freelancer should know where their bottom line is. …
- Charge Per Project. …
- Negotiate Based On Their Perception of Value. …
- Get Them to Name a Price. …
- Start High. …
- Give Yourself Wiggle Room. …
- Seek a Mutually Agreeable Outcome.
What should my hourly rate be?
Business schools teach a standard formula for determining an hourly rate: Add up your labor and overhead costs, add the profit you want to earn, then divide the total by your hours worked. This is the minimum you must charge to pay your expenses, pay yourself a salary, and earn a profit.
What is the average IT consulting rate?
IT Consulting Jobs by Hourly Rate
|Technical Consultant||Range:$15 – $94||Average:$24|
|Solutions Architect||Range:$39 – $135||Average:$75|
|Senior Technical Consultant||Range:$20 – $151||Average:$68|
|Software Consultant||Range:$19 – $104||Average:$58|
What is a typical developer fee?
Developer Fees typically range from 5% to 20% of total project costs. Funds are used to pay any amounts required to pay the EPC contractor, which usually occurs during construction. Any reserve requirements and other outstanding third-party transaction costs must be satisfied.
What is the hourly rate for a project manager?
Hourly Wage for Project Management Manager Salary
|Percentile||Hourly Pay Rate||Location|
|25th Percentile Project Management Manager Salary||$56||US|
|50th Percentile Project Management Manager Salary||$63||US|
|75th Percentile Project Management Manager Salary||$70||US|
|90th Percentile Project Management Manager Salary||$77||US|
How much do entry level project managers make?
An entry level project manager, earns around AU$83,000 a year. A senior project manager in his late career can earn as much as AU$128,000 in a year. The salary range also depends on the sector where the project manager will work.