What Drives Pricing in Interpreting?

We recently conducted a large study for which we examined the interpreting markets in 12 countries. We assessed how the interpreting markets are run, what trends, challenges and opportunities stand out, and what drives interpreting – including pricing. Based on our research, we identified five factors that drive pricing in interpreting:

Mode and modality

Mode and modality

There can be different prices depending on mode (consecutive, simultaneous, whispered) and modality (onsite, OPI, VRI).

Language rarity

Language rarity

The rarer a language, the higher the rate as there will be fewer interpreters who can fill assignments.

Specialization

Specialization

Interpreters often require special certifications for court or medical interpreting. As this is an add-on to any basic certification, rates tend to be higher for interpreters with these kinds of specializations.

Geographical location

Geographical location

If the assignment is located in an interpreting hub, like Brussels, rates will be different than in more remote locations.

Government budget

Government budget

The more government funding, the higher rates and margins tend to be.

To find out more about trends across different interpreting markets around the globe, read the full report here.

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