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Hourly rates of self-employed

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The hourly rates of self-employed professionals can vary widely in different industries and specialties. They depend on factors such as the type of service, experience, specialization, location and market demand. Here are rough guidelines for hourly rates of self-employed professionals in various fields:

Consulting and management:

Emerging or junior consultant: €30 - €60 in Europe / $30 - $60 in the US

Experienced consultants: €60 - €120 in Europe / $60 - $120 in the US

Senior consultants or experts: 120 € and more in Europe / $120 and more in the USA

Design and creativity:

Ebeginners: 20 € - 50 € in Europe / $20 - $50 in the USA

Experienced designers: 50 € - 100 € in Europe / $50 - $100 in USA

Experts and specialists: 100 € and more in Europe / $100 and more in the USA

IT and Technology:

Entry or junior developers: €20 - €50 in Europe / $20 - $50 in the USA

Experienced developers: €50 - €100 in Europe / $50 - $100 in the USA

Senior or specialist developers: 100 € and more in Europe / $100 and more in USA

Writing and content creation:

Ebeginner: €15 - €40 in Europe / $15 - $40 in the US

Experienced writers: €40 - €80 in Europe / $40 - $80 in USA

Specialist authors or experts: 80 € and more in Europe / $80 and more in USA

Health care (medicine, therapy, etc.):

Depending on the field and specialization, hourly rates can vary widely. In some cases they can reach hundreds of euros or dollars per hour.

Please note that these are general estimates and actual hourly rates can vary widely depending on various factors. To determine the right hourly rate for your services, conduct thorough market research to understand current rates in your industry and region. Also consider your own experience, expertise, and the value of your services when pricing.

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Hourly rates of influencers

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Influencer hourly rates can vary widely based on a number of factors, including the size of the social media following, engagement rates, the influencer's niche or topic, the type of collaboration, and geographic location. Here are some rough guidelines for hourly rates for influencers:

Micro-Influencers: micro-influencers typically have a smaller but dedicated following. Their hourly rates can range from €50 - €300 in Europe / $50 - $300 in the US.

Medium Influencers: Influencers with a medium-sized following can charge hourly rates of €300 - €1,000 in Europe / $300 - $1,000 in the US.

Large influencers: large influencers with a significant number of followers can charge hourly rates of €1,000 - €5,000 in Europe / $1,000 - $5,000 in the U.S. or even more.

It is important to note, however, that these estimates are only rough guidelines and actual hourly rates charged by influencers can vary widely. There are also other factors that can affect compensation:

Engagement rate: a higher engagement rate (likes, comments, shares) can lead to an influencer charging higher hourly rates.

Niche or topic: influencers in certain niches that are difficult to reach may charge higher rates.

Niche or topic: Influencers in certain niches that are hard to reach may charge higher rates.

Type of collaboration: the type of collaboration, whether it's a sponsored post, a product review, a brand ambassador role, or other types of collaborations, can affect compensation.

Geographic location: rates may vary by country and region, as the cost of living varies.

Recognition level: celebrities or famous influencers with high visibility may charge higher hourly rates.

Influencers and brands can negotiate their compensation in a variety of ways, including fixed rates per post or agreed-upon lump sums for a certain number of posts. It is advisable to research current rates in your industry and region and seek professional advice to determine the best approach to pricing.

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Hourly rates in the field of artificial intelligence

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Artificial intelligence (AI) hourly rates can vary widely depending on experience, area of expertise, industry, location and type of service. AI encompasses a wide range of applications, including machine learning, deep learning, natural language processing, computer vision and more. Here are rough benchmarks for hourly rates in AI in different regions:

Europe:

Entry or junior AI specialist: €40 - €80 per hour

Experienced AI specialist: 80 € - 150 € per hour

Senior AI specialist or subject matter expert: 150 € and more per hour

USA:

Entry or junior AI specialist: $60 - $120 per hour

Experienced AI Specialist: $120 - $250 per hour

Senior AI specialist or subject matter expert: $250 and up per hour

These estimates are general and may vary depending on the area of expertise (e.g., machine learning, data science, computer vision), the reputation of the AI expert, and the type of service.

Since AI is a high-demand field, AI specialists should consider their own experience and expertise, as well as the value they can add to clients, when setting prices. Exact hourly rates may also depend on the complexity of projects and specific service offerings. It is advisable to research current market data and pricing in your region and industry to determine competitive hourly rates.

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Hourly rates in marketing

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Hourly rates in marketing can vary depending on the field, experience, specialization, geographic location and type of project. Here are some rough guidelines for hourly rates in marketing in various fields:

General marketing:

Entry or junior marketers: €20 - €50 in Europe / $20 - $50 in the U.S.

Experienced marketers: €50 - €100 in Europe / $50 - $100 in the US

Marketing managers or subject matter experts: €100 and up in Europe / $100 and up in the US

Digital marketing:

Entry or junior digital marketers: €25 - €60 in Europe / $25 - $60 in the US

Experienced digital marketers: €60 - €120 in Europe / $60 - $120 in the US

Digital marketing managers or subject matter experts: €120 and up in Europe / $120 and up in the US

Content marketing:

Emerging or junior content marketers: €20 - €50 in Europe / $20 - $50 in the US

Experienced content marketers: €50 - €100 in Europe / $50 - $100 in the US

Content marketing managers or subject matter experts: €100 and up in Europe / $100 and up in the US

Social Media Marketing:

Entry or junior social media staff: €20 - €50 in Europe / $20 - $50 in the US

Experienced social media staff: €50 - €100 in Europe / $50 - $100 in the US

Social media manager or subject matter expert: €100 and up in Europe / $100 and up in the US

Please note that these are only general estimates and actual hourly rates can vary widely depending on various factors. The marketing industry is broad, and rates can vary widely depending on specialization and demand. Before setting your rates, conduct thorough market research to understand current rates in your industry and region. Also consider your own experience, expertise and the value of your services when setting prices.

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What does a Data Scientist earn?

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The salary of a Data Scientist can vary widely depending on several factors such as location, experience, education, industry, company size and area of responsibility. Data Scientists are highly skilled professionals who analyze data to identify insights, patterns and trends to make better business decisions. Here are some rough benchmarks for Data Scientist salaries in different regions:

Europe:

Entry or Junior Data Scientist: €30,000 - €50,000 per year

Experienced Data Scientist: €50,000 - €80,000 per year

Senior Data Scientist or Subject Matter Expert: €80,000 and above per year

USA:

Entry or Junior Data Scientist: $60,000 - $90,000 per year

Experienced Data Scientist: $90,000 - $120,000 per year

Senior Data Scientist or Subject Matter Expert: $120,000 and up per year

These numbers are general estimates and can vary widely by region and specific factors. It's also important to note that demand for Data Scientists is high in many industries, which can affect salaries. Some industries that rely heavily on data analytics, such as technology, finance, healthcare, and e-commerce, often offer higher salaries for Data Scientists.

In addition to base salary, Data Scientists may also benefit from bonuses, stock options, or other forms of compensation. It's a good idea to consult current data from salary surveys, professional associations, and industry sources to get an accurate picture of salaries for Data Scientists in your region and industry.

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