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On average how much money do you make per year as a translator?

I'm thinking of going to college to become a foreign language translator and would like to know if it is a job where I will have a stable income.
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Patricia’s Answer

It’s a very satisfying career. There are a few paths you can take. Usually interpretation jobs pay far better than translating in writing. The so-called value of a language is also a factor, i.e. if you translate or interpret between two languages with fewer good professionals your chance of earning more is higher. Also if you know two foreign languages in addition to your mother tongue that’s also a plus that places you higher in the field. In my experience literature translation pays less than business texts. You can also work in the video and movie industries translating subtitles. You can either be a versatile professional with many skills and get a lot of opportunities or you can be highly specialized and become a sought after translator. Both ways, yes, you can make a living.
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Gabriela’s Answer

You can also join a company or decide to start your own. Each has its advantages and disadvantages in regards to taxes and work-life balance so it depends on what works best for you when you begin to review your options. I do think starting with an agency is a good way to get some practical experience.

What you earn will also depend on the nature of the job and how you are charging (per word, per page, per hour, etc) and as mentioned in a previous answer will largely depend on the languages you are translating/interpreting.
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