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Investment Banking to Public Sector

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    Investment Banking to Public Sector

    Hopefully don't get crucified on this, so i have been working within Investment Banking for over 9 years (7 years as a Perm, 2 years as a contractor - current), understand this is very infant compared to a lot of people on this forum...although I understand London is the best place to be to get the high daily rates (currently on a very good rate as a Senior BA), I have somewhat become enstrangled by the daily commute I have to make in order to chase the money (5 hours daily - 2.5 hrs each way)...I have a young family and feel I'm too long away from them as come back stupid o'clock at night and young baby asleep (but understand my choice though).

    Basically I have found a lot of BA contract roles around the local area I live in (Fareham/Southampton), rates are around £300-£400 a day for my level but the roles are within more the Public sector and small IT companies, my question is to the BA guys on the forum -

    1) Have you tried to diversify your skills away from private to public sector work.
    2) Do you care if you have small companies on your CV rather than the big IB's you are used to
    3) Have you taken on lesser paid daily rates to cut down on commuting and travel expense.

    I know people might say why don't I move to London but my wife and I decided against it and bought a house locally but meant I had to face the task of the daily commute, Perm is not an option as the word Perm makes me cringe....feedback is welcome !

    #2
    Not a BA but I have done lots of public sector work. The money might be a bit less (its not in my particular niche) but you will find that the working environment is far more relaxed. In most places flexible working is seen as normal, hours are relaxed and the workload bears little resemblance to the private sector.

    As a contractor I can't see that working for smaller firms would be an issue. Having lots of public sector gigs can pidgeon hole you, but it also opens doors to work with private sector clients who deal with the public sector as suppliers.

    If you have a young family and want the flexibility and lack of stress then you can do a lot worse than taking a public sector gig.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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