For $350/hr you get
- someone knowing which pentest tools to start with
- someone knowing how to follow up with more focused attention on problem areas and run additional tests
- someone analyzing the raw reports to understand the causes of the vulnerabilities
- a multi-page written formal report with interpretations and recommendations for mitigation, including a cost/risk/benefit summaries.
Edit to add: in my experience the companies offering cheap pentests and handing you the logs are the ones that then say, "If you want to understand these logs and know what to do about them, you can contract with us at $VERY_HIGH_RATE"
basic DoS, XSS, SQLi, token abuse, open ports with not up to date services, generic vulnerability scanner, basic password brute forcing