Day rate
In 2023, Strategy freelancers led the way earning the highest average amount on the YunoJuno platform. Despite this, they saw a -4% year-on-year decrease in their average rate, earning £497 per day. However, the top 10% of contracts exhibited a positive trend with a +2% increase, earning £672 per day.
Experience
All experience levels across Strategy saw a decline in their average day rate, Midweight and Lead roles saw the biggest year-on-year decrease of -5%.
I do adjust my rates based on the project. Working primarily as a marketing and brand strategist, the overall process of developing a strategy is the same regardless of industry, business size, and timelines, however, certain parts do need to be streamlined or upweighted to meet individual business needs. For example, a larger business might have more distinct audiences, which requires additional research time. For a business that's relatively new or small, a more streamlined approach will provide better value in relation to their overall marketing budget.
I do adjust my rates based on the project. Working primarily as a marketing and brand strategist, the overall process of developing a strategy is the same regardless of industry, business size, and timelines, however, certain parts do need to be streamlined or upweighted to meet individual business needs. For example, a larger business might have more distinct audiences, which requires additional research time. For a business that's relatively new or small, a more streamlined approach will provide better value in relation to their overall marketing budget.
Contract Length and Bookings
The average contract length for Strategy freelancers was 31 working days (6 weeks), marking a year-on-year decrease of -17%. The top 10% contracts also experienced a decrease of -5%, with an average length of 80 working days (16 weeks).
Notably, all experience levels within the Strategy discipline saw a decrease in contract lengths, with Midweight level roles experiencing the most significant drop at -34%.
Despite the decline in contract lengths, bookings in the Strategy discipline increased by +32% year-on-year. Demand increased every 3 months., with July being the highest booking month in 2023.
Roles
Management Consultants not only earned the highest rate at £796 per day but also secured the longest contract length within the Strategy discipline at 56 working days.
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