Software development

Average Consulting Rates by Industry in 2020 Infographic

The base salary for IT Consultant ranges from $75,080 to $94,714 with the average base salary of $83,973. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $77,893 to $101,116 with the average total cash compensation of $87,863. For example, if you’re more experienced than most people on the market, charge higher rates. If the work is time-consuming and complex, it’s also worth charging more per hour.

  • As you can see, the average hourly rate varies widely by industry.
  • For example, fraud prevention by means of AI in the FinTech product.
  • The system is a little complicated as the IT consultant’s payment is based on the result’s value.
  • Russia is once again low on the list ($7/hour), but it’s India who offers the lowest rate ($4/hour).
  • IT consultant services play a vital role in the processes of any modern business.
  • Depending on the client or project, you may adjust your structure or choose a different model to charge entirely.

Defining IT project scope and coming up with realistic timelines and cost estimates. You may not need expert advice in all of those stages, but they’re still a part of IT consultant costs. What your skills are worth in the job market is constantly changing. Based on 577 responses, the job of Information Technology Consultant has received a job satisfaction rating of 3.79 out of 5. On average, Information Technology Consultants are highly satisfied with their job. Mr. Coleman suggests that people think about quality-of-life issues, as well as the money.

New York, New York Jobs by Salary

According to Glassdoor, one of the world’s largest job sites, Java consultants earn an average of $40 per hour. According to ZipRecruiter, Java consultants in the United States charge $62 per hour. They also work with large industrial companies at a lower cost than enterprise-level solutions. The project’s price ranges from $125,000 to $5 million or more.

average it consultant hourly rate

Testing and quality assurance for medical software solutions. Translation of the customer’s business requirements/ideas into technical specifications and executable activities. Tell us more about your project, and we’ll help you to develop a successful IT strategy. Take a look at the projects we’ve developed in our portfolio. Also, it’s better to check their portfolio on their website or read reviews on Clutch or GoodFirms to be sure that you’ll get a good service.

What is the lowest pay for Information Technology (IT) Consultants?

Many IT consultants charge hourly rates for their services. They bill based on the number of working hours spent on the project. It’s a popular choice for projects where it is difficult to establish a fixed timeline. Essentially, IT consulting fees per hour vary by location.

average it consultant hourly rate

IT consultants are experienced professionals in a specific field, and as a result, they are expensive. Entry-level employees have up to 1 year in experience – because they lack extensive professional experience, their hourly rates are typically lower. The regions where English is a native language are usually in advantage when it comes to hourly rates. Payoneer concludes that clients are not interested in the level of education freelancers and consultants have. Instead, they are more likely to check ratings, portfolios, and work experience before hiring a freelancer or consultant.

Consulting fee calculators

Lastly, the consulting fees also depend on the consulting model you choose. The following IT consultation billing strategies are available to make it flexible for clients. The following section sheds light on the IT consulting rate averages by industry type so that you’ll be better prepared to negotiate the costs of your next contract with an IT consulting company. Product/service reinvention with technology is an excellent approach to accomplish business goals.

The average IT Consultant salary is $83,973 as of July 25, 2023, but the salary range typically falls between $75,080 and $94,714. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have average consulting rates by industry spent in your profession. There are several different ways to calculate what you’re going to charge, especially when you’re factoring intangible aspects like experiences, skills, and expertise. These calculators are a great way to start off figuring out your own consulting rates.

Freelancers vs Consultants

They know how to gather the best people and equipment to execute your project in an organized and timely manner. ✔️ We offer a convenient time zone for North American clients, dedicated project managers, and favorable project rates, thanks to our well-organized R&D branch in Ukraine and other countries. An IT consultant gets paid for the number of hours they’ve spent working on your project.

Then, consider your unique circumstances – including the type of work you do and your experience level. The system is a little complicated as the IT consultant’s payment is based on the result’s value. A rate is fixed based on the tangible value of the project rather than an hourly rate.

How to hire a Ruby on Rails Developer 2023 – Updated Guideline

For example, an intermediate Android developer charges an average of $32 per hour, whereas an intermediate legal professional charges $66 per hour, according to Upwork. That could be a reason for the increase of the average hourly earnings to $30.73 for all employees on US private nonfarm payrolls. However, in June 2020, the same earnings had a record low of -1.30 percent, according to the Bureau of Labor Statistics. Freelance junior attorneys charge an average hourly rate of $47 in the U.S. and $20 in Australia. These charts show the average base salary , as well as the average total cash compensation for the job of IT Consultant in the United States.

average it consultant hourly rate

Blockchain, AI, Ml, IoT, Big Data, and tons of technologies are emerging. Such technologies empower brands to reinvent their products and services, making them more reliable and authentic. Demand for consultants to have a wide breadth of knowledge. More and more, clients want consultants to be both highly skilled and up-to-date on the latest technologies.

Comments about IT Consultant

But at the end of the day, you should never choose an IT consultant based on cost alone. According to, tech consultants in the US make an average of $36 per hour and more than $68.51 at the high end. Before diving into IT consulting prices, it is important to determine whether you want to hire a freelance IT consultant or work with a consulting firm. If your company has an in-house IT staff, a consulting firm will work with your IT specialists to train them on the new technology and advise them on how to make the best use of it. A professional IT consulting firm has extensive connections with various vendors and developers.

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