When translating into these languages, for example, you can calculate pay based on the word count of the source text. In this context, prices per word or page make little to no sense for translators.Ĭalculating payment for translation projects from or into those languages should consider other elements. Flat Fees Are Common for Asian Languagesįor languages like Japanese, Chinese, Vietnamese, and Korean it’s hard to talk about word count. However, the demand for these languages is high enough to provide consistent work for translators and interpreters in multiple industries. Spanish and Italian are other two languages that can bring translators consistent income–even though the rates per word are low for all combinations between these languages and English. In these cases, we’re usually talking about languages of commerce and business, areas in which language services are expensive. Other languages related to the highest paying translation services are German, French, Russian, and Simplified Chinese (Mandarin). This is due to a low number of language specialists available and a relatively high demand for language services. At the same time, low demand for a language pair keeps prices moderate, even when the number of available translators is small.Īmong the language combinations with the highest rate, there are Finnish-to-English, Japanese-to-English, Danish-to-English, English-to-Arabic, and English-to-Japanese. The more translators working with a language combination, the lower the price for the services. Some Language Combinations Earn More than OthersĪmong the criteria for the highest paying translation services, the language pair is one of the most important.Īs with all other markets, it’s all about demand and supply for each language pair. A translator or interpreter who is also certified by the American Translators Association can make more than $66/hour. However, many language experts earn at least three times the average wage, depending on their skills and area of expertise. In the U.S., the average salary of a translator is $19.67/hour. On the other hand, in India, translators earn a lot less, with an annual income that starts at Rs 181,084 (a little more over $2,600) and rarely goes above Rs 938,208 ($13,500). As you might imagine, there’s a pay gap between translators and language specialists from different countries.Ī translator in Germany, for instance, earns between 19,000 and 45,000 euros a year ($21,000 to 50,000). However, profits aren’t equally spread around the globe. In 2018, the language services industry reached a market size of $45 billion worldwide. There Are Huge Pay Gaps Between Countries Interpreters charge by the hour, not by the number of translated words.ĭespite all these variables, some details can help you to get an idea about the highest paying translation services and how much a translator can earn. If you’re interested in an interpreter’s salary, you can expect a different payment.
These include the language pair, the type of translation services requested (medical, legal, juridical, technical, financial, business, or literary), translation speed, the translator’s geographical location, and the type of documents involved. The truth is that the income in translation can vary depending on many things. Are you looking to hire a translator, but worrying about the budget? Or do you want to become a translator hoping to hit the jackpot by working from home? The rumors and myths about the highest paying translation services can lure many specialists in–and also scare potential clients away.
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