Not exactly. To make it equivalent first you need to consider employer side of FICA, which take about $100k. Then health insurance and other benefits. And vacation, sick pay, and any equipment you need to do the work.
Finally, maybe the biggest variable is non-billable hours. Maybe there isn’t 2000 hours of work available at that rate. And a lot of people who charge that much spend a substantial time finding new clients, writing new project proposals (many of which don’t get executed), and doing things to promote themselves like conference talks or speaking to press.
It would typically net out to anywhere from $500k-$900k depending on how much of those overheads you have. Nothing to sneeze at but similar ballpark as senior FAANG comp
Finally, maybe the biggest variable is non-billable hours. Maybe there isn’t 2000 hours of work available at that rate. And a lot of people who charge that much spend a substantial time finding new clients, writing new project proposals (many of which don’t get executed), and doing things to promote themselves like conference talks or speaking to press.
It would typically net out to anywhere from $500k-$900k depending on how much of those overheads you have. Nothing to sneeze at but similar ballpark as senior FAANG comp