Consultant Fee Calculator
Free consultant fee calculator. Calculate hourly, daily, weekly, and monthly rates based on desired income, overhead, and profit margin. Essential for independent consultants.
About This Calculator
Setting the right consulting rate is crucial for building a sustainable independent practice. This calculator helps you determine all rate structures (hourly, daily, weekly, monthly) based on your desired income, overhead costs, and profit margin.
The calculator also shows your break-even rate, which is the minimum you need to charge to cover costs and income goals.
Frequently Asked Questions
How to set consulting rates?
Hourly Rate = (Desired Income + Overhead + Profit) / (Billable Weeks x Hours per Week).
What is a good consulting hourly rate?
Junior Rs 1,000-2,500/hr, mid-level Rs 2,500-5,000, senior Rs 5,000-10,000, expert Rs 10,000-25,000+.
How many billable hours do consultants work?
Typically 1,200-1,800 billable hours per year. A 70-80% utilization rate is healthy.
What overhead costs should consultants include?
Office, software, insurance, marketing, development, accounting, travel, equipment. Typically 15-30% of revenue.
What is break-even rate for consultants?
Minimum rate to cover desired income and overhead, excluding profit. Actual rate should be above this.
How to price consulting projects?
Hourly, daily, weekly, monthly, fixed-price, or value-based pricing. Each has pros and cons depending on scope.