In a 2009 study of its members, the American Affiliation of Grant Pros (AAGP) found that grant consultants created an common of $90,000 per 12 months although grant writers manufactured an typical of $fifty three,010. This post will expose four motives why consultants make 70% much more than salaried grant writers.
Reason one – Cost Much more For every Project
Although grant consultants are freelance experts who cost for solutions rendered on a venture by task foundation, specialist grant writers normally operate for one company on wage. Consultants can consequently demand much more on a undertaking that grant writers who are salaried and do not have the overall flexibility to cost far more for assignments. Grant writers get compensated a income and are not able to charge far more for each grant.
Reason two – Incorporate Bonuses
Consultants may possibly incorporate bonuses into their contracts. The AAGP code of ethics makes it possible for for overall performance-dependent compensation like bonuses “offered these kinds of bonuses are in accordance with prevailing techniques” utilised by the agencies and “are not based mostly on a share of grant monies.” On the other hand, handful of salaried grant writers at any time negotiate bonuses into their contracts. So, they are not paid bonuses.
Explanation three – Boost Quantity of Grants You Post
Given that consultants are paid per venture, if they want to make a lot more funds, they just increase the variety of grants they submit. In other phrases, the much more grant proposals they submit, the more income they make.
They are not paid out from the grant when awarded, as is thought by the average American. Becoming paid out out of a grant is a myth. Consultants are paid out up front regardless of whether or not a grant is funded or not.
By rising the number of grants submitted, you can elevate the volume you make. Nonetheless, salaried grant writer are paid the exact same fee irrespective of the variety of grants submitted, until specified in any other case in the deal.
Purpose 4 – Convert Benefits Into Cash flow
To their gain, salaried grant writers make an additional 30% (or $sixteen,039) in advantages yearly. For numerous, this is a huge advantage of getting on a wage. Consultants do not generally include advantages in their contracts. For that reason, they do not have this luxury.
On the other hand, consultants can argue that “no positive aspects” is a substantial cost savings to the agency and justify inquiring for far more funds possibly on an hourly or venture basis. They can rather seek out covering well being and retirement expenses by other less-expensive indicates.
For case in point, I was functioning on income with advantages for a school. professional grant writers nj uncovered that if I billed per hour and took myself off income with positive aspects, I could truly make much more and perform significantly less than 50 % the time. The incredible component is that it expense the university and grant much less, as well! Go determine.
In summary, consultants make 70% a lot more than grant writers on wage for 4 major reasons: consultants can demand more on a grant, may consist of bonuses, can enhance their pay out by increasing the number of grants they create, and may possibly convert positive aspects into revenue by exhibiting a financial savings in rewards.