Replies to This Discussion

Permalink Reply by Phil B Brubaker on December 19, 2008 at 3:31pm

Food for thought
Some numbers from my background are ...

* 2 x salary = estimated emplyee cost to R&D dept. in 1980s; i.e., salary, 401k, bonus, etc.

* 3 x product cost = sale price for donuts around 1960.

* 3 x product cost = sale price for hearing aid (HA) sales from manufacture to stores in 1990s.

* 3 to 10 x HA mfg cost = sale price to individual customers. Customers may need service for years after the sale. We had a customer return after 18 years! Are you charging enough to survive several bad years?

* $500 / hour was fee for a CPA firm handling mittion $ accounts in 2003.

Do you have a link to some average going rates? If so, please leave them in a reply message for all to learn/gain from them.

Permalink Reply by David Bigger on June 8, 2009 at 12:09pm

This article may be helpful

Copeland, K., T. A. Max, and S. Devlin. 2006. Going Rates for Statistical Consulting: Results from the Statistical Consulting Section Rates Survey Results. The Statistic Consultant 23(1):4-11.

Attachments:

• stat_consulting rates.pdf, 317 KB