Okay, let’s calculate Mark’s rate. So he has 8 years of experience as a financial analyst, which is a decent amount of time to develop skills. His MBA from the University of Miami adds value, but not as much as a top-tier MBA from a school like Harvard. The Miami-Fort Lauderdale Area is a relatively affordable location, so we can expect lower rates compared to cities like New York or San Francisco. Financial analysts with similar experience and education can charge around $100–$150 per hour. Considering the location and his experience, I’d estimate Mark’s rate to be around $120 per hour.