3 ms·

Curious what a typical top 10% contracting rate in London is?

nvarsj 4y ago
London based contractor here. It's sort of hard to say since rates keep going up. My gut feeling is 700 outside/850 inside would put you in the top 10%.
CommanderData 4y ago
Cloud/Security Operations usually hit 600-1k. Higher end of this would be government contractors that need to pass through stringent/strict security clearance ie. UK nationals etc. Even some non-gov contracts want SC sponsorship because end client will usually have sensitive customer data. You can see market trends by looking at reports published on the top 5 UK IT recruitment websites (usually published every 6 months), ITJobServ is a good site too for real time trends.
cutthegrass2 4y ago
I spent 8yrs working as a contractor in London for rates between £600 - £950pd. Architecture roles - which to some companies meant spending time coding (yay) and to other companies spending time on non-coding activities; aligning teams, strategy, planning, managing stakeholders, slide decks etc...
- greenpeas 4y ago
  sorry, I'm not familiar with the terminology: in £600 - £950pd, "pd" means per day? For what duration are these contracts usually agreed upon?
  - Mandatum 4y ago
    Usually all start with 6 months and options to extend. Market is the same in Asia Pacific. I’ve yet to work with a client who couldn’t find something for me to do after, they all want to renew unless they’re axing heads across the board. In which case they get me to work remotely and bill directly to the project, whilst funnelling communications through the project manager or tech lead. That way regular employees don’t see me, and they still get the work done.
    - cutthegrass2 4y ago
      yep, exactly my experience too. Never had an initial 6 month contract turn out to be "just" 6 months. Shortest duration during my stints was 18 months (2 renewals).
cfcf14 4y ago
I've had a few short-term contracts (3 months or less) at £950-1100/day as a staff level data scientist, although those are usually 'exceptional need' situations where the company has their back against a wall for some reason or another. These days it feels like the market is actually cooling down to me, but that could just be because I'm looking in the wrong sectors.

London based contractor here. It's sort of hard to say since rates keep going up. My gut feeling is 700 outside/850 inside would put you in the top 10%.

CommanderData 4y ago

Cloud/Security Operations usually hit 600-1k. Higher end of this would be government contractors that need to pass through stringent/strict security clearance ie. UK nationals etc. Even some non-gov contracts want SC sponsorship because end client will usually have sensitive customer data. You can see market trends by looking at reports published on the top 5 UK IT recruitment websites (usually published every 6 months), ITJobServ is a good site too for real time trends.

cutthegrass2 4y ago

I spent 8yrs working as a contractor in London for rates between £600 - £950pd. Architecture roles - which to some companies meant spending time coding (yay) and to other companies spending time on non-coding activities; aligning teams, strategy, planning, managing stakeholders, slide decks etc...

greenpeas 4y ago
sorry, I'm not familiar with the terminology: in £600 - £950pd, "pd" means per day? For what duration are these contracts usually agreed upon?
- Mandatum 4y ago
  Usually all start with 6 months and options to extend. Market is the same in Asia Pacific. I’ve yet to work with a client who couldn’t find something for me to do after, they all want to renew unless they’re axing heads across the board. In which case they get me to work remotely and bill directly to the project, whilst funnelling communications through the project manager or tech lead. That way regular employees don’t see me, and they still get the work done.
  - cutthegrass2 4y ago
    yep, exactly my experience too. Never had an initial 6 month contract turn out to be "just" 6 months. Shortest duration during my stints was 18 months (2 renewals).

cfcf14 4y ago

I've had a few short-term contracts (3 months or less) at £950-1100/day as a staff level data scientist, although those are usually 'exceptional need' situations where the company has their back against a wall for some reason or another. These days it feels like the market is actually cooling down to me, but that could just be because I'm looking in the wrong sectors.