+971 4 269 9996

How Profitable is the Career of a Translator?

How Profitable is the Career of a Translator?

How Profitable is the Career of a Translator?

The experts expect the language industry to reach $47.5 billion by 2021. A career of a translator can bring you consistent income in 2018, depending on the languages you know and how specialized your skills are.

Knowledge of a foreign language continues to be a huge selling point for finding a job in an increasingly global market.

Due to the international nature of many businesses, demand is high for candidates with a desire to work using their hard-earned language skills.

Thanks to the high number of online jobs available and the market’s growth, working as an interpreter or translator seems to be one of the best jobs for new graduates this year.

Payment depends on how skilled you are and what languages you know. To make a living out of translation, you need to be fluent in at least two languages and have credentials that prove your knowledge, such as a degree from an accredited college.

 

More Marketers Will Invest in Localization Services

Localization and translation services make up the fourth fastest growing industry at the moment. With more companies developing localized content for local markets, you can find many work opportunities as a translator.

Companies are looking for a multilingual specialized in marketing and localization. They need experts who can translate various types of content and then tailor marketing campaigns for specific target audiences.

From translating user manuals and software to adapt commercial messages for local markets, there’s a lot of work in this field.

As most internet users prefer to buy from companies that speak local languages, businesses need to adapt their strategies to connect with their potential customers.

Companies must localize in 2019 to maintain or increase their market shares. About 65 percent of multinational companies think localization is important or very important for increasing revenues this year. That makes for a lot of new work in this industry.

 

A Career in Translation Means More Than Being a Translator

In 2016, they were over 50,000 interpreters and translators working in the industry in the US alone. According to statistics, in 2020, the number of specialists in this field will reach 90,000.

Following a career in the language industry can take you way beyond plain translation. Localization projects require well-prepared project managers to guide teams. This includes translators, linguists, programmers, local marketing experts, and localization engineers.

If you have the right skills for the job, you can try building a solid career in translation without having to speak four languages.

Besides translation and interpretation services, companies in this industry provide a wide range of complementary services. Subtitling, dubbing, and voice-over are other areas in which you can build a career of a translator.

 

Translators Learn Something New and Useful with Every Project

A career of a translator keeps you permanently updated about the latest trends in your niche. Whether you work as a translator or an interpreter, this job forces you to keep learning to deliver the best results for your clients.

Some domains are more demanding than others. Medical and technical translation requires much more than just knowing the terminology in both the original and the target language.

When translating medical journals or users manuals, you need to understand the context of your translation. Knowing the topics in discussion well allows you to deliver high-quality translations, using the right terms and the correct writing style.

Permanent learning is an important element when building your career of a translator, in any niche. You must keep up with the latest discoveries and trends whether you translate a declaration of specifications for the pharma industry or a novel for a publishing house.

In any domain, knowing how people speak and what words they use gives you a huge advantage over your competitors.

 

A Word on Machine Translation

Machine translation and automatic tools won’t steal your job. A career in translation means learning to use CAT tools to work better and faster. We’re talking about complex software that can help you do your job with less room for errors. Free online tools still can’t provide accurate results, or replace human translation.

If you learn to use translation tools, you’ll be able to reduce turnarounds and keep payments in line with your peers. CAT tools help translators become better at what they do. They can’t do the job alone.

So, if you start a career in translation in 2018–as a freelancer or inside a company–you’ll still have a job in the following years!

This industry allows you to develop your skills and get better with every new project you take. You’ll get to earn more, as soon as you progress in your career of a translator. And even better than that? You get to specialize in a specific domain and become an expert in your niche.

With so many reasons to consider a career of a translator this year, there’s only one question left to ask–what are you waiting for?

 

Other Options

Working as a translator is not the only career option available to graduates–interpreting can be a lucrative and interesting job too.

Interpreters are of high demand in many areas of business and society, from foreign business meetings and court interpreting to speaking for a newly signed sports star from abroad.

Another option is project management. This role involves working with the translators to satisfy the clients’ requests and requires good organization, negotiation skills and, a lot of patience.

Although project managers perform little actual translating the job involves proofreading and knowledge of CAT tools is a huge advantage.

 

Practical Tips for Newcomers to the Translation Industry

  • Keep your CV up to date & specific

Translations agencies are busy places so if you want to stand out amongst the list of other potential translators you should make it clear what your skills are. When a project manager is searching for a translator, for a specific project your CV can make the difference between getting the job and being overlooked.

  • Learn to use CAT tools

CAT tools such as Trados and Memoq not only save time but can keep projects consistent and help you save your clients’ time and money.

  • Be prepared to be flexible

Translation requests can often be urgent so flexibility will mean a lot for project managers and clients.

  • Choose your rate carefully

As a freelance translator, you can choose your rates. It’s important to research the industry standard for your language combination and specialty, as this will directly affect the amount of work you can get. But you don’t want to be too cheap either…

  • Gain experience

Experience counts for a lot. Whether gained through an internship as a project manager, voluntary translation for a charity or interpreting for a friend, it will be useful in future jobs. Experience and knowledge in a specialist field are valuable and they demand a proper estimation.

 

 

References:

www.translatemedia.com

clearwordstranslations.com


Recent Articles about Translation  

Best CAT tool features that matter to translators
Best CAT tool features that matter to translators
Last Updated on December 16, 2020

1. Translation Memory Software

Translation memory software is the most well-known CAT tool. It divides the texts to be translated into units called “segments”. As the translator advances in the translation of the document, the software stores the text in a database of already translated segments. When the software recognizes that a new segment is similar to a segment already translated, it suggests that the translator reuse it. Some translation memory programs do not work with databases created during a translation, but with preloaded reference documents. (more…)

Best CAT tools in 2020
Best CAT tools in 2020
Last Updated on December 9, 2020

Nowadays translation industry is full of various CAT tools. While picking desired tool, you require to take into record the budget, the amount of translation, the essential functions you are looking for. We have succeeded to generate a short list that includes the best CAT tools in the market with their features. (more…)

Translators can do better with the help of the technology
Translators can do better with the help of the technology
Last Updated on December 2, 2020

Advancements and innovations are one of the principal reasons that globalization has raised in the previous decades. In data and correspondence innovation, advancements have decreased in size, more productive, and frequently more reasonable. The Internet and the advancement of computerized innovation, specifically, have had the most critical effect in the field of data and correspondence innovation. The Internet is an organization of PCs over the world, which is connected through worldwide broadcast communications. Even though it was initially just utilized by protection staff in the United States, simple admittance to PCs and related innovation have made utilizing the Internet a typical movement in later occasions. (more…)

Translating in the Sport Field
Translating in the Sport Field
Last Updated on November 25, 2020

Along with the increasing popularity of global tournaments, such as the Olympics and the World Cup events, demand for translating in the sport field is increasing along with time. This is one of the best methods available for the players to engage with a global audience. On the other hand, sporting event organizers can get in touch with customers all around the world with sports translations. The applications of translations in sport field are even expanding to the retail stores. That’s because the best method available to connect with other people is to use their own language. (more…)

Translating in the Medical Field
Translating in the Medical Field
Last Updated on November 18, 2020

Medical field is one of the most important fields that exist out there in the world as of now. Researchers who work for the industry are continuously working to invent new drugs, which can help them to cure life-threatening diseases. On the other hand, they also work hard to implement new medical devices, which can make the life easy for all people who are working for the industry and who struggle hard with illnesses to ensure a faster recovery. (more…)

Translating in the Financial Field
Translating in the Financial Field
Last Updated on November 11, 2020

Due to globalization, financial institutions have come across the need to work along with worldwide clients and partners. This is where they come across the need to communicate in many different languages. Translating in the financial field is playing a major role due to this reason. (more…)

Translating in the Commercial Field
Translating in the Commercial Field
Last Updated on November 4, 2020

Globalization is one of the key factors that drives businesses forward. However, businesses that open up their boundaries to get in touch with customers from all over the world are facing numerous challenges due to different languages being used out there in the world. If you are a business owner, you should learn how to overcome this barrier. That’s where services that offer translating in the commercial field can help you with. (more…)

Get The Best Translation Price