1. The Juniors

Armed with a master’s degree and brimming with confidence, they step into the freelance market with no work experience. Many of them bring fresh perspectives, even if their journey often starts with internships and analyst positions in consulting companies. Aren’t we all like this when we graduate? But soon enough, the reality sets in, and most of these junior freelancers transition to internships and analyst positions in consulting companies.

2. The Wannabes

From the safety of their permanent jobs, in their applications they are “interested in freelancing” but rarely dare to make the first step. They quietly envy the freelancers’ high day rates over lunch, yet they don’t know what it’s like to be without the next assignment.

3. The One-Yearers

They begin their freelance journey, typically with over five years of experience. They secure their first assignment, work hard, and send invoices with a smile. Yet, within a year, at least half return to the stability of permanent jobs. Many neglect networking when they are busy, which leaves them stranded without a next assignment.

4. The Hardcore

Veterans of solo freelancing stand out for their independence, vast experience, and, crucially, a robust network of clients consistently offering new projects. These freelancers enjoy a full schedule and are happy this way, not looking for the hassle of building a company.

5. The Builders

Freelancers who decide to start building their consulting companies and gradually hire other health economists to work with them. They have big company names and important CEO titles, but typically only a few people work for them. This blend of entrepreneurial spirit and health economics expertise makes them highly impactful in the field. I can joke about this because I belong to this category too.