As a Vygo tutor you will be asked to set your own hourly rate. But before you start charging your fellow students $100/hour, there are a number of factors you need to keep in mind when choosing your hourly rate.
Here are four guiding principles to help you determine your hourly rate as a Vygo tutor.
1. What the market is willing to pay
Supply and demand will ultimately dictate the range of your hourly rate. Are your skills in need? Specific subjects and classes at university will always be more popular than others, and these will vary, uni by uni, semester by semester.
Whether or not the courses you have mastered are compulsory classes also matters.
PayScale Australia says the average tutor hourly pay in Australia is $29 across the board—with tutors with 10-20 years experience costing an average of $39 an hour.
Have you recently completed your degree or do you have certifications in tutoring or the subject at hand? If so, this will increase your value proposition and should be kept in mind.
Of course, the most cited factor in determining your hourly rate is years of experience. However, experience doesn’t always equal better. Perhaps more important is:
Do students consistently excel under your tutelage? If so, this is your value proposition. If you costed more (say $40 an hour) but a student was assured by several, reliable sources that coming to you would increase their pass rate or grade by 50%, you’d be well worth every dollar.
For reference, the average Vygo tutor costs $25/hour. The specificity of your experience to a student’s problem area and university context makes you both more affordable and more valuable than an external, albeit more highly qualified, tutor.