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How Much Money Do Translators Earn

Topic: Make Money OnlinePublished October 6, 2015

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Therninternational linguistic freelance platform 2Polyglot analyzed global market of translation services and defined average translators’rnincome amount in different countries.

Days are passing, technologies are being improved, butrndespite of scientists’ forecasts, machines have not managed to replace humanrnwork. Google Translate has not eliminated routine human translator’s work forrneight years of its existence and still keeps being the main competitor only forrnpaper dictionaries despite of complicated analyzing algorithm of humanrntranslated texts on the Internet and a lot of additional features. Recentlyrndifferent media wrote about incorrect translation of the phrase “dignity revolution”rnin Google Translate, which means the imperfect systems and its vulnerability.

Therefore, profession ofrntranslator still keeps being important. That is not a secret that now the mostrnneeded knowledge in linguistic and philological areas is possessingrngrammatically complicated languages, i.e. Chinese, Arabic, Japanese or enoughrnrare ones, i.e. Hebrew. Furthermore, every day there appear more and more datarnrequiring translation: audio, video, articles, researches etc. Besides data,rnthere grows the quantity of specialists of linguistic area and especially, therncompetition is high among people who know widespread languages i.e. English,rnFrench etc.

How did it influence the translationrnservices market in the world?

According to data of the independent research company «Common Sense Advisory”, global marketrnof linguistic services is dynamically emerging. In 2014 there were spent $73rnbillion only on linguists’ services in comparison with $34 billion in 2013rnwhere 15% of all volume where spent on translation.

Taking into accountrncommon growth tendency and online technologies development it is not hard torndefine that demand growth for linguistic services will go on and according to preliminaryrndata, will be about 10% till the end of 2015. Furthermore, the research agencyrnforecast increase translation specialists quantity for 42% in 2020, which wasrn1.5 million persons in 2014.

Translators’ salaries in differentrncountries

The income of an ordinary translator mostly depends onrnseveral factors:

Whetherrna specialist has a full-time job or works as freelancer looking for tasks on a freelance platform.
Translationrnor interpreting.
Successrnof a company (for full-time job worker).
Workrnvolume.
Complexityrnand prevalence of a language.
Location.

It is necessary to addrnthat the freelance translators’ income often may exceed salaries of ordinaryrnemployees due to an absence of limit for income sources and location. Arnfreelancer may choose a task with any available payment and customer’s countryrnof habitation and that allows to increase income from executed work.rnFurthermore, the quantity of tasks can be limited only by specialist’s availablerntime. However, the work in prosperous company with high salary in suchrncountries as the USA, Canada and Germany guarantees stable and well-paid jobrnwithout necessity of permanent search of orders. Unfortunately, not every evenrnhighly qualified linguist manages to get a job in such companies abroad, butrnfortunately, there is another option.

How Much Money Do Translators Earn

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