Contracting at Goldman Sachs?

[DeludedAussie]

Oh, last bank I worked for was Alliance and Leicester, before Santander took over. The last go-live cutover I did with them I got a cool 8k as I was expected to be there for 48 hours straight. Damn but when you are tired, those sofas in the break out rooms are comfy.

What?

You are telling us you got paid 8K for a 48 hour stint?

Theres no way I believe that

[Jason]

What?

You are telling us you got paid 8K for a 48 hour stint?

Theres no way I believe that

You can believe what you like, it makes no difference to me.

[Jason]

What?

You are telling us you got paid 8K for a 48 hour stint?

Theres no way I believe that

Let me put it this way, the normal rate was £500 for a day, 7 hours. 48 hours straight in the office supporting the go live, is above and beyond. So even if you believe I was paid £1000 for the normal hours in that 48 hours. That still leaves 34 hours at premium rate.

Even if you only think I got double the rate for those extra hours that still adds up to £7285.

Want to think again?

[gemasp]

Very interesting

I would like to know

1) How many staff have come and gone in those 6 months

2) How much of your time is spent actually programming versus bullcrap like meetings and planning

3) Is any of the work outsourced and do you have to spend time with a team in India

4) Do you expect to get renewed?

1. Not many gone. I have seen 3 guys gone (out of 36) from GS to a pursue a different career prospectives.
2. Personally I am doing something like 90/10 but that because of my contractor position here: they hired me to do the job. Permies do lots of interviews (phone and face to face), a bit more meetings. Interview for permies here is a tough: 15 interviews for candidates.
3. No. Not on projects I have been involved. No third part companies involved at all. Everything is done in GS locations: NYC, LDN, TKO, HKG.
4. Not sure.

[jmo21]

I've never worked in an IB and just cannot imagine having to work those kind of hours. I simply couldn't do it.

I love the fact that with contracting I can earn twice what I would as a permie (certainly in the area I live and give or take some time off between contracts) and work pretty much 9-5pm in every contract I've had.

Thrown in the fact I have to worry a lot less about office politics (there will always be some of course) and not having appraisals, it's a great way of working.