: The project rate is determined by the scope of the project and the. This development can be in a variety of different ways including process management, idea organization, product design, fabrication, branding, and marketing. They also receive paid vacations and sick leave. Do you think my situation differs from the general? So, for example, if one were a Computer Science professor, one would base one's consulting rate on the salary of a principal-level software engineer. Enter the average salary in a salary to hourly converter. 0000081125 00000 n 5. However I don't think it reasonable to charge what the big firms do for their rental talent as I do not have the capactiy/resources they can offer the customer. There are plenty of other clients out there who will be happy to work with you. Entry-level positions start at $72,500 per year, while most experienced workers make up to $145,148 per year. MI. The average hourly wage for an Engineering Consultant in the United States is $70 as of January 26, 2023, but the salary range typically falls between $64 and $77. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. The national average salary for an Electrical Engineering Consultant is $77,256 per year in United States. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $69 to $85 with the average total hourly cash compensation of $76. UK Project Management Consultant Salary: 21,620 - 117,000/year. When you contact us, you wont have to chase an expert and leave voicemail after voicemail to get ahold of the right person. : A monthly fee or retainer is a flat fee paid each month for access to the consultants advice and/or services. Self-employed professionals can be subject to city-specific taxes, too. My company charges around 150 an hour for engineering, you shouldn't be too far off from that. They offer expertise throughout the design process, from the idea phase to implementation and completion. If you are a strategy consultant and . The highest salary for an Electrical Engineering Consultant in United States is $120,498 per year. The freelancers union has a good blog for freelancers. Engineering: $250: $292: $287: Construction and Contracting: $197: $246: $253: Engineering (Mechanical) $250: $286: $288: Automotive: . Some of these include: Now that you understand some of the factors that influence average consulting fees, lets take a look at some averages by industry. Step 3: Divide your total by 2,000 hours (which assumes you're working 40 hours per week for 50 weeks). We are a small service engineering consultant focused on electrical and corrosion projects throughout Texas, Louisiana, Oklahoma, New Mexico, and Colorado. Billing will be based on the actual hours expended or the percentage of work completed, as provided for in the agreement. 0000005880 00000 n Typically loaded labour rates are 2.75X to over 3X salary for full time employees with benefits. From what I've read below, you are in with this client. 0000013170 00000 n We pay $150-$200 regularly for engineering consultants who are not in a big firm, sometimes a small firm like one PE and two juniors. 1 Mokarram Iqbal Happy to Help..Geeky to ask Author has 225 answers and 337K answer views 6 y Related This guideline provides information on suggested minimum hourly rates for consulting practice by engineers and . Few are large integrated companies with hundreds of employees offering a wide range of services on a national scale. epQq4#o0 >7 0000003792 00000 n It sounds expensive already, especially for a big, lengthy project, yet the pricing can still go up due to various factors. What does? Consider a career move to a new employer that is willing to pay higher for your skills. 0000002860 00000 n Top 9 design engineering tips for reducing manufacturing costs on new product designs & prototypes, The best PCB design software for electrical engineering professionals in 2022, 10 Tips for businesses on delegating to freelancers, How Companies Have Simplified Product Design: 3D Printing and Prototyping, 5 Ways How Rapid Product Development & Prototyping Benefits Your Company, Architectural VR/AR 3D Rendering Costs, Rates & 3D Modeling Pricing for Design Firms. <<404E94A9C1730B49951F0DA439D28007>]/Prev 172212/XRefStm 1922>> Direct labor times multiplier, or (overhead plus profit). On the other hand, an electrical engineering consultant will need thermal imaging cameras for inspections and a power quality analyzer for energy audits. The analysis will often expose potential weaknesses and limitations, eventually leading to optimization. Are you. Follow the links below for more information on arc flash and short circuit protections. Compensation data tools, salary structures, surveys and benchmarks. Recently searched related titles: Fort Worth, TX. The range of services they provide and the actual cost of the contract are the results of a negotiation between the client and the electrical engineering consultant. As of Feb 21, 2023, the average hourly pay for a Consultant in the United States is $43.90 an hour. Setting a daily rate for consulting (per diem rate for consulting) To charge a daily rate, simply multiply the hours you work in a day by the hourly rate from the above example. Engineering consulting is the practice of performing engineering as a consultant. The world of business is changing. Management consultants charge between $100 to $350 per hour. Bachelor's Degree, 5 + years experience Easy to do if you have a high enough hourly rate. I'm doing this on the side still, so I don't need to keep rates low for the purpose of not going broke. Aditi Consulting . A project estimator about 80% of the time, CAD Operator about 20%. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Typically reports to a manager. I think that was on the low side. If invoices are not paid within 45 days of billing date, work on the project will be suspended until the account is brought up to date. 8 hours * $80 hourly rate = $640 per day. 0000004633 00000 n Assists in determining design project costs for design/engineering projects. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Almost every consulting firm is a privately owned business and comprises a team of engineers, each with a specific discipline. Estimates do not include self-employed workers. A fourth option is to simply charge what everyone else charges. - ESultanik. For example, if the project became more in-depth or has some unforeseen details that need attention, someone like McKinsey could simple reassign more or more suitable talent. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services, Anonymously share your pay to help the community. Read the sidebar BEFORE posting. They also have the benefit of in-house drafting and designers to assist the on-site engineer to deliver high quality results. Increasing your pay as an Electrical Engineering Consultant is possible in different ways. Bachelor's Degree, 10 + years experience Presumably they're going with you because you offer value the big firms cannot? The estimated additional pay is $13,884 per year. Biweekly. It needs to be project-based. , Unless the sole reason for hiring is that you're cheaper, why not charge the market rate? There are many factors that can influence the hourly consulting rate a consultant charges for their services. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. For example, the 2016 tax rates for single professionals start at 10% for the first $9,275 or yearly income, progressing through various tax brackets, up to 39.6% for all income exceeding $415,050. If a client requests an hourly rate thats below your normal fee, its important to be flexible and negotiate. If possible, it is best to hire a local electrical engineering consultant. 0000008186 00000 n : Dont get emotional and be prepared to compromise. Disbursements Specific to the Project Minor disbursements recommended to be charged as a . Some specific services an electrical engineering consultant offers include: Input from an expert improves your chances of developing an innovative product with a practical design that positively impacts end-users while maintaining profitability.. 4. Here's what the hourly rates are for 8 prominent industries: Multimedia & Design - $21 Graphic Designer - $19 Illustrator - $20 Web designer - $19 Multimedia production - $25 Legal field - $28 Fraud analyst - $27 We charged $150/hr in Australia. The most important thing is to be realistic about what youre worth and to price your services accordingly. This would equate to a daily rate of $210,000/231 = $909.09 or an hourly rate of $113.63. Employment estimate and mean wage estimates for Electrical Engineers: Percentile wage estimates for Electrical Engineers: Industries with the highest published employment and wages for Electrical Engineers are provided. Many people work out an hourly rate, but actually charge by the half-day, day, project or another arrangement. 0000062120 00000 n The cost of hiring sole practitioners, such as freelancers or other independent professionals, as opposed to a firm, is likely more affordable because you pay only for the services and not additional overhead like office space, rent, or maintenance., RELATED: Hiring the best electrical engineers & freelance PCB designers, Every electrical engineering consultant must be an engineer, but not every engineer performs the consultant role. 0000092350 00000 n Invoices will be submitted weekly or as agreed upon. Electrical Engineering (EE) Mechanical Engineering (ME) Computer Sciences Corporation North American Public Sector GWAC Service Center 15000 Conference Center Drive Chantilly, VA 20151-3808 571-232-1412 (Voice) or 520-458-6114 WATS No: Not Applicable lferguson2@csc.com (email)or gwacservicecenter@csc.com (email) You should look into general liability insurance, as well as the more specific errors and omissions insurance. Some related job titles areOptical Engineer Salaries with median pay of $144,293,Electrical Engineering Internship Salaries with median pay of $70,692,Entry Level Electrical Engineer Salaries with median pay of $76,073,Senior Electrical Engineer Salaries with median pay of $147,989. We bring you consulting opportunities for free. As you can see, the average hourly rate varies widely by industry. Otherwise, the consultant will have to take the equipments prices (as well as the cost of operation and maintenance) when determining an hourly rate. Industries with the highest levels of employment in Electrical Engineers: Industries with the highest concentration of employment in Electrical Engineers: Top paying industries for Electrical Engineers: States and areas with the highest published employment, location quotients, and wages for Electrical Engineers are provided. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Cincinnati, Ohio. The average Electrical Engineer - Expert/Consultant salary in the United States is $159,790 as of January 26, 2023, but the range typically falls between $144,990 and $171,590. 27 Best Freelance Electrical Engineers For Hire In February 2023 - Upwork Hire the best Electrical Engineers Check out Electrical Engineers with the skills you need for your next job. 567 64 for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data. Electrical engineering consulting costs factors, Hiring the best electrical engineers & freelance PCB designers, 5 Challenges of working with a distributed team (and how to solve them). . Engineer, Facility Operations . If we look at the senior consultant salary statistics in India as of 1 March 2023, the represented employee makes 6,66,666; to be more precise pay rate is 55,555.5 per month, 12,820.5 per week, or 309.93 per hour. National estimates for Engineers, All Other. The guidelines shown above must be seen as a starting point. : If the client isnt willing to pay your asking price, be prepared to walk away. Hourly Rate Schedule Professional, Technical and Consulting Services For agreements based on actual hours expended or for the additional authorized work on lump sum projects, the following hourly rates shall apply: Principal-In-Charge $175.00 Technical Consultant $150.00 Professional Engineer $150.00 Registered Architect $150.00 Master's Degree or MBA, 12 + years experience The percentile wage estimate is the value of a wage below which a certain percent of workers fall. Our team of skilled electrical engineering consultants works to keep your electrical infrastructure safe. The Hourly Method Formula For Setting Your Hourly Rate. American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) - Building Energy Modeling . Independent engineering consultants have no such benefit. Your services contact should also specifically limit your liability to the cost of your services (can't sure for more than you were paid). The 2022 ACEC-BC Consulting Engineers Fee Guideline is now available! All invoices are payable within 30 days of receipt. It depends how skilled and fast you are with the tools you use, and it depends on what you're doing. Check out some of the electrical engineering services our freelancers offer, from PCB design, Product engineering, Reverse engineering, Electronic product design, and many more. Why do people leave their jobs? Copyright 2023 ConsultingMavericks.com |. Senior Consultant Life Cycle Assessment - US, Senior Consultant (Azure Platform & Infrastructure), Engineering Consultant Salaries with a Bachelor's Degree, Engineering Consultant Salaries with a Master's Degree or MBA, Engineering Consultant Salaries with a JD, MD, PhD or Equivalent, 10th Percentile Engineering Consultant Salary, 25th Percentile Engineering Consultant Salary, 50th Percentile Engineering Consultant Salary, 75th Percentile Engineering Consultant Salary, 90th Percentile Engineering Consultant Salary, Detailed skills and competency reports for specific positions. To find out more about how we can help, contact us today! Part of this is making sure that you minimize the risk for arc flashes. ", If you need the money, the question is two-fold: "how much can I charge so I'll get more work?" It sounds expensive already, especially for a big, lengthy project, yet the pricing can still go up due to various factors. Facility walkdowns and As-built drawing creation. Industry profile for Engineers, All Other. This is often used for longer-term consulting projects. Im looking to start doing a little freelance drafting on the side. 0000109628 00000 n : Consulting firms in major metropolitan areas can typically charge more than those in smaller towns. : In a high-demand consulting market, consultants charge more for their services. The estimated hours it will take to complete the project, The location where the project will be completed. hb``e``{AX,{;K0*B~66aPVZGX#10i 0q~H5AGc9Z'OLimLOnk~fL.83839:ifRmL%4 0000048230 00000 n Find out more about how our electrical consulting services for new facilities may help you. How much does an Electrical Engineer - Expert/Consultant make in the United States? 0000022192 00000 n Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. On the other hand, a consultant who provides ongoing monthly services may want to bill on a monthly retainer. Fort Worth, TX, GSE Systems - For example an electrician costs around $55 an hour but with insurance, overhead, etc the company charges a cost of $81. 0000058285 00000 n However, you dont want to price yourself out of potential work. Month. Read more from Wikipedia. I think your niche needs to be by the job/PRN. Before delving into what factors influence consulting fee structures, its helpful to understand the different pricing strategies that are typically used: Determining the best consulting fee structure for your business will depend on a number of factors, including the type of consulting services you offer, your business model, and your target market. We currently don't have any reviews for this job and need at least 5 ratings before we can calculate a satisfaction score. 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Typically loaded labour rates are 2.75X to over electrical engineer consultant hourly rate salary for an electrical engineering Consultant will thermal!