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Average billing

 
forum comment
#0 Average billing
 
Curious
03.10.8 00:00
 
Read recently that the average consultant bills about £180k per year.What would you say the average billing would be at:Analyst?Consultant?Senior Consultant?(Assuming a big4 environment)
 
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#0 RE: Average billing
 
anon
03.10.8 00:00
 
sorry, I don't think anybody is going to give you as sensible number.Billing rates at these levels tend to be pretty meaningless, as they assume a leveraged team (i.e a pyramid of managers, senior managers above them). Everbody has a different model / ratios.The magic numbers needed to calculate this utilisation and rates. These are not shared externally so nobody has the full set of data. Within one firm you will get quite a range depending on skillset (e.g. SAP v strategy) and industry (e.g Public Sector v others)...and that is before we get into discounts.
 
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#0 RE: Average billing
 
anon
03.10.8 00:00
 
average where i work is £600£900£1100A day, i am far too lazy to scale that up to a year
 
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#0 RE: Average billing
 
Cynic
03.10.8 00:00
 
Most staff below manager level don't "bill" anything. They're budgeted into a project which is sold by someone else. Often, these projects have write-offs which make the 'billings' figure meaningless. Just because somebody puts 40 hours a week on their timesheet at £175 an hour for 48 weeks a year, it doesn't mean they actually bill £336K per year. 1/3 of that time might be spent doing non-chargeable stuff, and of the chargeable stuff, a fair chunk will end up getting written off anyway. I'd say the figure of £180K income per fee-earner per year is about right regardless of level through. Makes you wonder what mugs pay it really.
 
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#0 RE: RE: Average billing
 
Cynic
03.10.8 00:00
 
*40 hoursAlso I agree completely with anon's comments too.
 
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#0 RE: RE: RE: Average billing
 
taxman
04.10.8 00:00
 
£2500 per day, 5 days a week, 80% is billed out to clients.I know this, and thats what gives me my power, I dont and wont back down in the hope that I will be 'retained' when and if the market turns.Money now is much better than money later, ask any banker.And yes consultants are paid in the main peanuts, for a 60 hour week, but if they accept it then thats fine by me :)
 
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