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How have you found the daily rates for Business Analysts to change with time.

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    How have you found the daily rates for Business Analysts to change with time.

    Firstly apologies for the vague heading, I am interested building my experience as a BA in perm roles over the next 3-4 years and then hopefully break into the contracting market, I understand that daily rates change with supply/demand. For those of you that have been in the industry may I ask how you have found the rates change over the last few years? And how think they are likely to change over the foreseeable future.

    Again apologise for the vagueness, but I am just interested to hear the opinions of those that have been around in the industry, do daily rates change erratically? Do you think they are likely to decrease substantially, or even increase?

    Kind Regards,

    #2
    Bearing in mind we don't really know, you are a fresh(ish) grad and have to actually get a skill base before you can even start thinking about the contracting I think you are tying yourself up in knots trying to find this information which isn't really useful to you except make you drool at the rates you cannot achieve yet.

    Get your head down and get some experience and then start dreaming about rates nearer the time. New careers take many unexpected turns so concentrate on that first. It's highly likely you will not be a BA in 3-4 years and found something more interesting to do.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #3
      You are likely to be very disappointed when you find out...
      "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
      - Voltaire/Benjamin Franklin/Anne Frank...

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        #4
        Originally posted by northernladuk View Post
        Bearing in mind we don't really know, you are a fresh(ish) grad and have to actually get a skill base before you can even start thinking about the contracting I think you are tying yourself up in knots trying to find this information which isn't really useful to you except make you drool at the rates you cannot achieve yet.

        Get your head down and get some experience and then start dreaming about rates nearer the time. New careers take many unexpected turns so concentrate on that first. It's highly likely you will not be a BA in 3-4 years and found something more interesting to do.
        I understand what you are saying, and I am fully aware that my question may come across that I am being naïve, but I know the rates I am looking at are not achievable for the very MINIMUM of 3-4 years. However I am just begging to forge a career and starting off with a clean slate, so I want to get onto the right career path and build solid experience and not deviate too much to completely different types of roles. So when the time is right I can market my set of skills into the contracting market and I am just trying to identify which kinds of BA roles command the higher rates or have the most demand. access to the building.

        Comment


          #5
          Originally posted by Prabs91 View Post
          Firstly apologies for the vague heading, I am interested building my experience as a BA in perm roles over the next 3-4 years and then hopefully break into the contracting market, I understand that daily rates change with supply/demand. For those of you that have been in the industry may I ask how you have found the rates change over the last few years? And how think they are likely to change over the foreseeable future.

          Again apologise for the vagueness, but I am just interested to hear the opinions of those that have been around in the industry, do daily rates change erratically? Do you think they are likely to decrease substantially, or even increase?

          Kind Regards,
          Daily rates usually are stable, too stable lately (i.e. they haven't gone up with inflation). This website tracks average rates here is BA. This will give you a starting point, obviously depending on how good/experienced you are will get you a higher rate and vice-versa. Since I started contracting 7 years ago my daily rate has had a variance of around £100 but last 4 years more like £50.

          Comment


            #6
            Originally posted by russell View Post
            Daily rates usually are stable, too stable lately (i.e. they haven't gone up with inflation). This website tracks average rates here is BA. This will give you a starting point, obviously depending on how good/experienced you are will get you a higher rate and vice-versa. Since I started contracting 7 years ago my daily rate has had a variance of around £100 but last 4 years more like £50.
            Depends on your skillset - mine have always gone up

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              #7
              Originally posted by Dallas View Post
              Depends on your skillset - mine have always gone up
              From my research so far I have found the most sought experience to be that of Banking/financial services, or have I got the wrong end of the stick?

              Comment


                #8
                Originally posted by northernladuk View Post
                It's highly likely you will not be a BA in 3-4 years and found something more interesting to do.
                Speak for yourself. Some of us find analysis work VERY interesting.
                "Israel, Palestine, Cats." He Said
                "See?"

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                  #9
                  Originally posted by Prabs91 View Post
                  From my research so far I have found the most sought experience to be that of Banking/financial services, or have I got the wrong end of the stick?
                  From my experiece, sector has not been a factor in rate. The three roles that I've had that have paid the most in the last ten years have been in Telecoms, Defense and Finance. All paying the same top rate. The lowest rates have been in the Charity sector and Telecoms again, however that was my first contract role, so I took a low rate accordingly. I'm now on 35% more than 10 years ago but exactly the same as I was on 5 years ago.

                  But as you will become aware, there is a lot more to a role than the rate. The reason my rates have varied so much is because I'm very picky on location. So that is more important to me than rate.
                  "Israel, Palestine, Cats." He Said
                  "See?"

                  Comment


                    #10
                    Originally posted by Prabs91 View Post
                    From my research so far I have found the most sought experience to be that of Banking/financial services, or have I got the wrong end of the stick?
                    You need to go much deeper than that - product, data and software specialists rather than generalists can and do command far more.

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