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Pay is good. If you're good at it, it's pretty amazing. You can pull £650/day on contract if you know your shit. If you don't but can drive Visual Studio, £400/

by cssmoo 12y ago

Pay is good. If you're good at it, it's pretty amazing. You can pull £650/day on contract if you know your shit. If you don't but can drive Visual Studio, £400/day is easy.

pbowyer 12y ago
Are those figures for London, or are you seeing them UK-wide?
- cssmoo 12y ago
  Take 20-30% off for outside M25 i.e. in line with cost of living reduction.
  - petercooper 12y ago
    And another 20% off if any further north than Oxford or Cambridge.
JAlexoid 12y ago
Please add a note to that £650 - financial experience required. I can pull £800 with Scala and Java. Though I am not about to sell my soul for the £200 difference to spend that on psychotherapy afterwards.
- louishk 12y ago
  How much / what sort of financial experience is required?
  - cssmoo 12y ago
    Incidentally bugger all in most cases I reckon unless you're working in trading. There's a bit of a vacuum at the moment so standards are low. Most orgs are willing to drag you through the relevant training. In all my years of working in the financial sector (NOT trading I will add!), about as complex as it got was numeric precision, rounding, equation of a line and curve fitting which was all pretty easy. Oh and deciphering lots of poorly written regulation and rules. Don't hit trading unless you like snorting coke and 100 hour weeks.
  - functionalfoo 12y ago
    You can learn brush up on the terminology pretty quickly - the IBs will hire any solid developers who know their platform well enough (so java devs who appreciate core java + modern ecosystem; python devs who have experience with scipy/numpy etc. A big part though is willingness to jump in and remain for a while, to be able to tolerate the mindless processes and procedures that come with massive companies in a regulated industry.
- JAlexoid 12y ago
  "How much / what sort of financial experience is required?" One year perm at a bank or a project in a bank as a consultant. Investment banking and FX experience is valued much more. If you never worked in any financial institution(like for an insurer), then there is maybe 1% chance you're getting a contract in one. For £800 that's 5-10 years of experience with majority of it with one of the big consultancies(IBM GBS, Accenture, Deloitte) and a few big financial projects. Granted that's an introduction rate, that can go up if you negotiate well.

by cssmoo 12y ago

Pay is good. If you're good at it, it's pretty amazing. You can pull £650/day on contract if you know your shit. If you don't but can drive Visual Studio, £400/day is easy.

pbowyer 12y ago

Are those figures for London, or are you seeing them UK-wide?

cssmoo 12y ago
Take 20-30% off for outside M25 i.e. in line with cost of living reduction.
- petercooper 12y ago
  And another 20% off if any further north than Oxford or Cambridge.

JAlexoid 12y ago

Please add a note to that £650 - financial experience required. I can pull £800 with Scala and Java. Though I am not about to sell my soul for the £200 difference to spend that on psychotherapy afterwards.

louishk 12y ago
How much / what sort of financial experience is required?
- cssmoo 12y ago
  Incidentally bugger all in most cases I reckon unless you're working in trading. There's a bit of a vacuum at the moment so standards are low. Most orgs are willing to drag you through the relevant training. In all my years of working in the financial sector (NOT trading I will add!), about as complex as it got was numeric precision, rounding, equation of a line and curve fitting which was all pretty easy. Oh and deciphering lots of poorly written regulation and rules. Don't hit trading unless you like snorting coke and 100 hour weeks.
- functionalfoo 12y ago
  You can learn brush up on the terminology pretty quickly - the IBs will hire any solid developers who know their platform well enough (so java devs who appreciate core java + modern ecosystem; python devs who have experience with scipy/numpy etc. A big part though is willingness to jump in and remain for a while, to be able to tolerate the mindless processes and procedures that come with massive companies in a regulated industry.
JAlexoid 12y ago
"How much / what sort of financial experience is required?" One year perm at a bank or a project in a bank as a consultant. Investment banking and FX experience is valued much more. If you never worked in any financial institution(like for an insurer), then there is maybe 1% chance you're getting a contract in one. For £800 that's 5-10 years of experience with majority of it with one of the big consultancies(IBM GBS, Accenture, Deloitte) and a few big financial projects. Granted that's an introduction rate, that can go up if you negotiate well.