Most professional transcriptionists can transcribe one hour of clear one- or two-speaker audio in roughly four hours or less. If you’re interested in studying transcription online, I recommend the Transcribe Anywhere courses. Transcriptionists with training and experience will qualify for more and higher-paying opportunities, such as legal transcription. (If you have your own clients, you can charge more.) In my directory of 75+ online transcription services, I’ve included info on company pay rates wherever possible. To reiterate, $1 per audio minute is considered by many professional transcriptionists to be an acceptable baseline pay rate when working for a transcription agency. Your hourly pay as a transcriptionist will depend on several things: Note that medical and legal transcriptionists may also work as employees in a medical or legal office, and the wages and salaries for those positions will be different than those cited above. If you’re an independent medical transcriptionist earning $120,500 per year working for MTSOs, please get in touch with me – I have questions! □ The above estimates should be taken with a grain of salt. ZipRecruiter reports annual salaries for work-from-home medical transcriptionists ranging from $16,000 to $120,500 per year, with the average annual pay at $49,746. How much do medical transcriptionists make?Īccording to the Bureau of Labor Statistics, the median pay for a medical transcriptionist is $34,770 per year, or $16.72 per hour. ZipRecruiter reports salaries ranging from $14,500-130,000 for work-from-home legal transcriptionists, with an average annual salary of $55,869. The BLS doesn’t track data specifically for legal transcriptionists, but puts the median annual pay for court reporters at $57,150 per year, or $27.48 per hour. How much do legal transcriptionists make? If you start your own transcription or virtual assistant service, you can outsource some or all the work and scale your hourly and annual pay. If we do the math using the hourly rate estimates above, the annual salary for a full-time freelance transcriptionist, roughly speaking, ranges from $20,800-$83,200. If you work for an agency that pays 30 cents per audio minute, it’s going to be difficult to attain the above hourly rates. Note that I’m basing these estimates on pay rates for transcriptionists working with companies that pay at least $1 per audio minute, which is the minimum pay rate recommended by many professional transcriptionists. Anywhere between $25-40 USD per hour is a good baseline rate to shoot for when transcribing freelance for private clients. or Canada, an hourly rate of $15-20 USD is a good baseline rate to aim for when working remotely as an independent contractor for a transcription agency. Professional transcriptionists who work remotely as independent contractors generally earn anywhere between $10-40 USD per hour.Īs a transcriptionist based in the U.S. How much do transcriptionists make hourly? In honor of the sentiment, I put together a list of transcription companies that pay $1 per audio minute or more, so make sure to bookmark that and check it out when you have a chance. The result appears to be that potential clients are interested now, more than ever, in partnering with companies that use “ ethically sourced transcribers.” This is encouraging news in an industry where pay rates have been dwindling, due in large part to automated transcription platforms and dirt-cheap outsourcing. A media firestorm ensued, and the curtain was pulled back on an often-exploitative industry. Express scribe free versus paid series#This was the latest in a series of uprisings by gig workers from companies like Instacart, DoorDash, and Uber. In November 2019, subcontractors of a certain transcription giant took to social media and the press to voice their displeasure over a 30% pay cut that came more or less unannounced. Why transcription pay might be set to increase Strategies I’ve used to more than triple my hourly pay.How much does a transcriptionist get paid per audio minute? per line? per page? per word?.How much do medical and legal transcriptionists earn?.What is a transcriptionist’s annual salary?. How much do transcriptionists make hourly?.Why transcription pay might be set to increase.The numbers in this post are ballpark rates based on a mix of research, pay rates cited in online transcription communities, and my own experience. Hopefully this post will help clarify some things for people who are new to the industry, as well as for experienced transcriptionists wondering what to charge their own clients. See my disclosure for more info.Īs far as I know, there isn’t a comprehensive resource on the topic, and to some of us it often feels like there’s a mystical shroud surrounding the issue of pay.
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