How much should I charge as a freelance project manager?

How much do freelance project managers make?

The average freelance project manager salary in the USA is $66,300 per year or $34 per hour. Entry level positions start at $53,625 per year while most experienced workers make up to $100,000 per year.

What should my freelance rate be?

Determine Your Baseline Freelance Rate

Start by dividing your desired annual salary by 52 (for a start). That gives you the dollar amount you need to earn per week. Then, take that amount and divide it by 40. That gives you the hourly rate you need to charge clients.

How much should a freelance charge per hour?

According to our last freelancer survey, the average freelancer rate among IT professionals in 2021 is $105/hour. While your own rate may differ, you can use this value as a basis for your own calculation.

What percentage should I charge for project management?

The project manager’s charges will typically amount to about 10 percent of the engineering budget, or about 1.5 percent of the TIC.

How much is a project manager paid per hour?

The average hourly wage for a Project Management Manager in the United States is $63 as of September 27, 2021, but the range typically falls between $56 and $71.

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How do I become a freelance project manager?

6 Tips for Becoming a Successful Freelance Project Manager

  1. Keep Your Skills Sharp.
  2. Get Your Name Out There.
  3. Build Your Portfolio.
  4. Set Remote Work Hours.
  5. Keep Communications Clear.
  6. Understand Who You’re Working With.
  7. Set Yourself Up for Freelance Project Management Success.

How can project managers make the most money?

5 Strategies to Increase Your Project Management Salary

  1. Pursue an industry-specific education. It shouldn’t be a surprise that a good education is key to a good career. …
  2. Keep building up your experience. …
  3. Enhance your CV with certifications. …
  4. Consider moving to a higher paying industry. …
  5. Work on bigger projects.

How much should I charge per hour?

Calculate Your Hourly Rate

Business schools teach a standard formula for determining an hourly rate: Add up your labor and overhead costs, add the profit you want to earn, then divide the total by your hours worked. This is the minimum you must charge to pay your expenses, pay yourself a salary, and earn a profit.