Have you contracted in a bank?

[heyya99]

What rates do Investment banks pay?

[Batcher]

What rates do Investment banks pay?

Whatever rate you negotiate with them or the agency.

[quackhandle]

What rates do Investment banks pay?

Your looking at 0.5 for your base rate but expect that to rise in the near future.

HTH.

qh

[MyUserName]

I have worked for as little as £450 a day and seen adverts for £1200 but I didn't get either of those!

[PerfectStorm]

What would you consider to be a low/average/high rate?

[Zero Liability]

It really depends on the type of banking and what sort of roles you're considering.

[MyUserName]

What would you consider to be a low/average/high rate?

Roughly ...

For IB in London -

(less than 450 a day is not worth the travel from where I live).

Low - 450 - 500
Average - 500 - 650
High - 650+

[ChimpMaster]

Roughly ...

For IB in London -

(less than 450 a day is not worth the travel from where I live).

Low - 450 - 500
Average - 500 - 650
High - 650+

From experience I would say that the City and finance in general used to be a great place to contract up until around 2008/9. Since then I have seen rates either the same or even up to 20% higher in other areas such as midlands and even up to Scotland for the same technology stack.

And the atmosphere in City is awful - offshoring, Bob central, rate cuts, contract cuts, enforced 'holidays', IR35...

I had a great time in the City during my tenure there, and I would love to go back, but it just isn't worth it now, it just won't be the same again.