Your Best Rate And Year

[slogger]

best rate

i was at goldmans in 2008 - paid me hourly at £80 - sometimes with weekend work i got 60hr average weeks - so about £4800 a week
then left and went to JP Morgan - they had an odd situation - day rate of £650 - but if you only worked 1hr - e.g. on a sat - you got a fulldays pay - also if you went over 8 hrs they paid pro-rata - so people would work on train, at home - bill 16hr days basically - got £1300 per day and then £1300 for 2 hrs at weekend - so about £9k per week.

rates been lower since then - typically 750 per day.

[Lance]

i was at goldmans in 2008 - paid me hourly at £80 - sometimes with weekend work i got 60hr average weeks - so about £4800 a week
then left and went to JP Morgan - they had an odd situation - day rate of £650 - but if you only worked 1hr - e.g. on a sat - you got a fulldays pay - also if you went over 8 hrs they paid pro-rata - so people would work on train, at home - bill 16hr days basically - got £1300 per day and then £1300 for 2 hrs at weekend - so about £9k per week.

rates been lower since then - typically 750 per day.

And people blame the government for banks wanting rid of contractors....

[slogger]

And people blame the government for banks wanting rid of contractors....

Indeed..however I honestly never even negotiated on rates, I knew what the market rates where for my skillset and if someone offered a bit more I took it...

[hungry_hog]

i was at goldmans in 2008 - paid me hourly at £80 - sometimes with weekend work i got 60hr average weeks - so about £4800 a week
then left and went to JP Morgan - they had an odd situation - day rate of £650 - but if you only worked 1hr - e.g. on a sat - you got a fulldays pay - also if you went over 8 hrs they paid pro-rata - so people would work on train, at home - bill 16hr days basically - got £1300 per day and then £1300 for 2 hrs at weekend - so about £9k per week.

rates been lower since then - typically 750 per day.

My rates have always been around 500. Had a nice project where we got weekend work, but we would knock off at lunchtime, having had breakfast and lunch paid for. For me coming from a 40k perm job it felt like a huge amount.

Really was the gravy train in those days. Not unusual to come across contractors in their 20s on 800 a day, Program Managers on 1200. One of them drove his Bentley to the office.

[heyya99]

This is not general but I will help you

650 * 252 * 2.5 * 1.2 (VAT of course) == 490K

tulip, where does it all go

[WTFH]

tulip, where does it all go

Don’t get your hopes up, LPM1 isn’t that hot on calculations and living.

[Old Greg]

This is not general but I will help you

650 * 252 * 2.5 * 1.2 (VAT of course) == 490K

Always nice to meet a member of the Oude Joris Max 120 Executive Club.

[LondonManc]

And people blame the government for banks wanting rid of contractors....

Still cheaper than a team of EY consultants for similar output.

[fool]

£1500 - 2019 for 9 months. I actually asked to be let go because I was twiddling my thumbs and didn't want to burn the relationship with the client permanently. Probably should have just milked it though.

Most days billed was 265 but my rate was about half the above and I was billing days for an on-call rota.

IR35 and Brexit damaged the headline but still doing alright.

[LondonPM1]

£1500 - 2019 for 9 months. I actually asked to be let go because I was twiddling my thumbs and didn't want to burn the relationship with the client permanently. Probably should have just milked it though.

Most days billed was 265 but my rate was about half the above and I was billing days for an on-call rota.

IR35 and Brexit damaged the headline but still doing alright.

1500 day?? Wow that is something indeed

Can you confirm industry and sort of work and years of experience

I always thought those figures were reserved for Lab49 / Accenture