harsha7kp wrote:I have been working as a contractor for 5 years, and never ever have I faced/heard issues wherein the job agency has refused a CV because the person worked as a contractor. On the contrary, the companies are keen to get contractors to become perm employees. This is true atleast in financial\investment banking Industry.
This is after you contract with that company, they pester you to go perm - different from what we have been discussing where you apply for a perm role with a company after contracting for a few years
Infact one of the companies that I worked for 2 years previously, pestered me to go perm so much that I had to finally look for another contract role elsewhere.
And you proved my previous point. My friends are being pestered everyday because they like their work and want to get away by paying a lower monthly salary.
Also, generally I dont find any much difference between Contracting and perm in terms of skill sets improvement. The major difference for IT guys is that perm IT guys try to learn more about the busienss side of things and we Contracting IT guys try to learn and improve on our technical skill sets.
Yup, I agree completely with what you have said. Also, perms have a lot of opportunities to scale up and move into management so career wise, being perm has a lot more going for you.
Also, who/what gets paid Â£1500/day for 2 years? An exotics trader??
I dont think anyone will be paid ridiculous amount like Â£1500/day unless the contract role is just for 1 or 2 months and that too for niche skillsets.
Yes, have seen technical architects and business analysts(and not managers) charge upto Â£1k/day which is honestly top end of the contracting market.
Had seen a couple of Tibco BE contractors charge Â£900/day.
But most of the contractors, even in the high paying Oil&gas or Inv banking industry, get paid anywhere between Â£400 to Â£700/day. I would say, Â£550 is actually the average rate if you consider both BAs, Quants and IT guys in this industry.
While I agree the average is Â£500/day thats only true in London and bigger cities. I believe the average is much lower around Â£300/day. I know of people in the industry and from here where the rates are as low as Â£180/day. On the higher side trust me, I dont have a lot of experience but have gone into interviews paying Â£700/day but never had the guts to go for it (wish I had). I know of people who earn close to Â£1k/day and crazy as it may sound, it is very true.
save and invest back in India(probably in commercial properties), and return back to India in 8-10 years
I would definitely not advice anyone of such a move. The world today is changing so fast you are not sure what will life be in any county in 10years time.
Also, I dont believe in spending 10 years in a country just to save up and then go back. Life is precious and 10 years is a long time to not settle down and build roots in your community. I would not want to lose 8 or 10years just working to build my nest egg and then go back to India and start from scratch again. Also,you not only lose 10years but you also lose the friends you have made, your family(which most of us will have in those 10years) lose the bonds they have built where they have lived and even India will feel alien when you go back and settle down after 10years. If you have a family its very unfair to your child/ren, if born here and schooling are more British than Indian and taking them back when they are above 5 years is something I wont advice.
Many people think its all about money and saving now to then returning home and settling down for good. I have seen this happen as a widespread practice in the early 90s with people working in the Middle East - must say, its never proven successful because 10 years is just too long a time frame not to live your life and enjoy your younger years.
You end up saving and saving and telling yourself you will go back and when you finally do, you will be in your mid-40s with a nice big belly, hardly any friends left, the place being a lot different from what you remember 10 years back, habits more English than Indian and quietly regretting you did not make more of the time you lost thinking of the future and silently, every day, wish you had spent a little more time enjoying your younger days with the money you earned