When I was in business school 15 years ago I interned for a Big 4 consultancy, paid $40/hr (hourly on an $80K assumed salary).
Rather than do things by hand like many MBA’s, I wrote some scripts to make it easy to create lots of Excel files (can’t remember if I used a DB, I don’t think so).
Client wanted to keep me on during the year, and my employer never had that come up and didn’t know what to do. So client offered me $100/hr and said I could use a different one-guy firm as my employer to avoid new vendor set up.
They offered me $100/hr. Being an MBA student I figured I was being undervalued (even at 2.5X, as I was doing both engineering and MBA BS). My manager very firmly but nicely said $100 was an excellent rate. I agreed and did 10-15 hours a week, mostly training 2 employees at the consultancy how to do what I did and move away from my non-standard scripts.
Rather than do things by hand like many MBA’s, I wrote some scripts to make it easy to create lots of Excel files (can’t remember if I used a DB, I don’t think so).
Client wanted to keep me on during the year, and my employer never had that come up and didn’t know what to do. So client offered me $100/hr and said I could use a different one-guy firm as my employer to avoid new vendor set up.
They offered me $100/hr. Being an MBA student I figured I was being undervalued (even at 2.5X, as I was doing both engineering and MBA BS). My manager very firmly but nicely said $100 was an excellent rate. I agreed and did 10-15 hours a week, mostly training 2 employees at the consultancy how to do what I did and move away from my non-standard scripts.
Sometimes you’re offered the right rate upfront!