High billing rate it jobs big data how to#

High billing rate it jobs big data how to#

But honestly, if you’re a badass and you know how to market yourself properly, it doesn’t really matter so much and you can still charge $100+ an hour. If you are in a developing country, and you were educated there, because of the economics at play, things are a little different. If you are in the United States or Europe, you have a STEM degree, and you’ve been working in the data space for a few years, your base rate should be a minimum of $100 an hour. I know you’re a total boss…now it’s time to start charging like one ? How much should I be charging as a freelance data analyst? This is why you shouldn’t be afraid to double your corporate hourly rate. So many businesses actually save money when working with freelancers! At many companies, benefits can account for up to 40% of an employees’ base salary. Trust me…all that adds up quick!Īnd companies expect freelancers to charge a higher rate…because they don’t come with the same overhead employees do.

And don’t forget that you’re responsible for your own health insurance as well as saving for retirement.

You don’t get any paid holidays or time off. You’ll have operating costs such as tech and marketing. This is because as a freelancer, you don’t get all the same perks as when you work a job! And you have to pay out of pocket for a ton of expenses. If you are just starting out offering freelance data services, a simple, golden rule I like to tell my clients to use is to make their hourly freelance rate DOUBLE their hourly employment rate.įor example, if you make $50 an hour as a data analyst at your corporate job, you’ll want to be charging at least $100 as a freelance data analyst. The Golden Rule for Figuring out Your Hourly Rate So while we will be determining your hourly rate, it will be for the purposes of putting together a package price later on. While your rate will vary depending on your title, you can still use these tips to start increasing your rates and making bank! For an overview of services that can be sold under the umbrella of “freelance data analyst” services there, is of course, data analytics consulting services, BI consulting, data visualization services, business analytics consulting services, tableau consulting, the list goes on and on… Types of Freelance Data Analyst Services (as categorized on Upwork) How To Determine Your Rate as a Freelance Data Analystīefore we get into the nitty-gritty of determining your freelance data analyst hourly rate, I first want to let you know that we are going to be abandoning the hourly rate model (there are multiple reasons for this that I will get into). Perhaps you don’t call yourself a data analyst, but instead provide services as a data scientist, data visualization expert, or machine learning engineer. And start charging $100 or more per hour.īefore we continue, an important note: while I will be using the term ‘freelance data analyst’, these strategies can help ALL data services providers. So, read on to know how you can set yourself up for success selling at premium rates from the beginning. It’s always harder to backtrack once you’ve set your rates too low. Otherwise, read on… But wait! Just a heads-up! 😊 We’ve expanded and enhanced this blog post in our more recent article here: The New Tech Freelancers’ Guide To Earning Over $150/Hour For Freelance Coding Jobs & Technical Writing Freelance Projects (with sourcing, pricing & portfolio examples) You might prefer to read the updated version instead! 😉 What I can let you know is this – it is of vital importance that you get your pricing right from the start. In case you prefer to watch instead of read, I will leave this Freelance Data Analyst’s Guide to pricing as a YouTube video below: While I’ve now scaled Data-Mania into a full-scale training and advising company that supports data professionals in becoming better data leaders and entrepreneurs (we’ve trained over 1 million data professionals and counting!), I too started off as a solopreneur selling freelance data services. The biggest challenge so many people face when they just start out as a freelance data analyst (or any other sort of data freelancer for that matter!) is figuring out what and how they’ll charge. And with the COVID-19 pandemic influencing remote work patterns, hiring remote workers and freelancers on a contractual basis is becoming more common than ever before.Ī Freelance Data Analyst: someone who conducts data analysis in order to improve business decision-making, on a freelance or contractual basis.

Are you skilled in data analytics? Ever dreamt of being your own boss? If so, becoming a freelance data analyst could be the perfect career choice for you!Īs more and more companies recognize the importance of making data-driven business decisions, the demand for those who can interpret those data sets continues to increase.