On average, a translator can charge $20 per hour. The most experienced translators charge $41 per hour. The average annual income of a translator will range between $24,181 and $27,878. With a little more experience, you can earn as much as $84,120.
Median Salaries Around the Globe
The median salary for a Translator in Russia is 1,062,500 RUB. Approximately 50% of the population earn less than 1,062,500 RUB, and 50% earn more. If you are earning more than the median salary, that’s a good indicator that you are being paid well.
In the US, the average annual translator salary is $52,330 but it ranges from $38,410 to $72,630 based on experience. The median pay is $20.96 per hour. With professional certification, a translator can earn over 3 times the average wage.
Factors Influencing Translator Pay
- Language – Some languages are in high demand and associated with higher pay, such as English, Spanish, French, and German.
- Specialization – Translators with specialized skills in fields like medicine and law charge a higher rate than general translators.
- Experience level – The most experienced translators earn the highest rates.
- Employment type – Freelancers charge per hour or word count. In-house translators earn set wages or salaries.
- Location – Rates vary by country and region. EU and UN positions tend to be the highest paid but are extremely competitive.
Discussion on Translator Compensation
The answer is yes, translators can make good money. The median salary range is over $50,000 annually. Some translators make over $90,000 per year. This career offers work-life balance and can be low-stress.
If you want to become a translator you will need to speak at least two languages fluently. Your written skill should be on the same standard. Keep expanding your vocabulary and read up on some translation methods. Just having great language skills doesn’t mean you’re good at translating. Online you can find training programs like the one offered by the American Translators Association, which conducts a certification exam to become a certified translator.
In India, there is demand for translation in regional languages and certifications may not be as necessary if it is your mother tongue. Data shows Chinese, French, German, and Spanish are the most sought after foreign languages in India. An advanced degree can increase earning potential. Starting with freelancing is a good way but building your website and marketing yourself on career sites is suggested.