As another contract comes to an unexpected end, it gives me cause to reflect on contracting in the London banking sector. May give an insight into those daft enough to be considering it.
Client 1 - 3 days into contract and a 10% rate cut
Client 2 - 12 months into contract and a second 'trivial' renewal didn't happen. Found out from a colleague, wishing me well, about 2 weeks before contract end!
Client 3 - 6 months into project and politics kicks in - project moved to New York
Client 4 - 3 months into 6 month contract and a 15% rate cut.
Client 5 - 7 months into contract and 10% rate cut. 12 months later and another 10% rate cut. Needless to say I left soon after
Client 6 - big program of work turns sour and 100% rate cut at end of contract
So, the question remains. Do you want a piece of the IB sector in London? Do you really?
Client 1 - 3 days into contract and a 10% rate cut
Client 2 - 12 months into contract and a second 'trivial' renewal didn't happen. Found out from a colleague, wishing me well, about 2 weeks before contract end!
Client 3 - 6 months into project and politics kicks in - project moved to New York
Client 4 - 3 months into 6 month contract and a 15% rate cut.
Client 5 - 7 months into contract and 10% rate cut. 12 months later and another 10% rate cut. Needless to say I left soon after
Client 6 - big program of work turns sour and 100% rate cut at end of contract
So, the question remains. Do you want a piece of the IB sector in London? Do you really?
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