Study: Billing Rates Are Up, Productivity Not So Much
StevensGouldPincus, the merger and management consulting firm targeting the PR industry, has conducted another benchmark study, finding that billing rates are up, but productivity is not.
The average rate for a CEO is $513 per hour at agencies with revenues at $25 million or more; $291 for those as smaller agencies. VPs average $261 with those in Washington D.C. charging $306 per hour. Sports and entertainment, IR, and public affairs are the areas on the high end of rates.
However,
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