Reply to: Market very quiet

[BlasterBates]

You don't have to learn Murex, just be highly skilled and get a contract in finance.

http://www.jobserve.com/gb/en/search...E1C4568865CC4/

[uk contractor]

Can you help me get onto it? I'll contractually make it worth your while by giving you 10% of my first Murex contract rate!

For 10% no chance I cannot even get myself onto it despite having a lot of banking experience but I worked with contractors who are on it you tell me when you get onto it then you can help me & I will give you 30% of my day rate as thats still going to be well over £500 a day!

I would not waste any serious time chasing it either the reason the rates are so high is so few people have decent investment banking experience with it I do not see that changing anytime soon its almost impossible to get any relevant commercial experience which would allow you to get a decent rate out of it so the niche gravy train will continue............


The typical person who is a Murex expert will have a strong Computer Science or Maths degree & or well over 5 years experience gained in investment banking supporting the product daily working closely with traders.


Best career path option is get a job working for Murex (if you can its quite hard to pass their technical tests) then spend a few years there & become an expert before leaving to be a contractor.
https://www.murex.com/careers/home/how-we-hire

[MyUserName]

I work on a tech that no one else uses any more. I'm probably on my last ever gig with this product.

Last man standing?

Which tech do you do?

[ChimpMaster]

With great difficulty or take a perm job in an investment bank then after 3-5 years as a DBA using Murex you would be able to go contracting with the Murex training they would eventually put you on & eventually reap the rewards!


That's why its such a niche skillset right now so few people with any real expertise so rates are very high & likely to continue to rise as you also need commercial experience on a trade floor in an investment bank supporting the product for several years & not just supporting it but having an indepth knowledge of it & how it ties into other complex front & back office systems as well as strong communication & interpersonal skills working closely with demanding traders.....

Can you help me get onto it? I'll contractually make it worth your while by giving you 10% of my first Murex contract rate!

[uk contractor]

It would be a rate cut for me , but how does one get into Murex (as in learning/experience)- either through a permanent or contract opportunity?

With great difficulty or take a perm job in an investment bank then after 3-5 years as a DBA using Murex you would be able to go contracting with the Murex training they would eventually put you on & eventually reap the rewards!


That's why its such a niche skillset right now so few people with any real expertise so rates are very high & likely to continue to rise as you also need commercial experience on a trade floor in an investment bank supporting the product for several years & not just supporting it but having an indepth knowledge of it & how it ties into other complex front & back office systems as well as strong communication & interpersonal skills working closely with demanding traders.....

[ChimpMaster]

Seriously? What on earth do you do?

I work on a tech that no one else uses any more. I'm probably on my last ever gig with this product.

Last man standing?

[Avalonia]

Seriously? What on earth do you do?

Wayne Rooney's fluffer

[MyUserName]

It would be a rate cut for me , but how does one get into Murex (as in learning/experience)- either through a permanent or contract opportunity?

Seriously? What on earth do you do?

[ChimpMaster]

Pre-election jitters/end of financial year for some companies. Most of the recruiters I speak to say they expect it to change in early May once the general election result is known & a new government formed until then unless its a business critical role the market is treading water & has been most of 2015 IME.


Rates are also terrible unless its a niche role like one for Murex I saw yesterday @ £800-1000 per day!

It would be a rate cut for me , but how does one get into Murex (as in learning/experience)- either through a permanent or contract opportunity?

[BolshieBastard]

I thought it was really busy. Getting calls and emails nearly every day, and haven't uploaded a CV in 2 years.

Means squat if they are just spamming you with roles because one word in the spec matches your cv or you live in the location of the role!

Id say 80% of mails dont match my skillset and only about 50% of calls are relevant.

[quackhandle]

My last two gigs (inc current) have been direct. Have extended to July but really not looking forward to dealing with pimps again.

qh

[Gumbo Robot]

I thought it was really busy. Getting calls and emails nearly every day, and haven't uploaded a CV in 2 years.

Getting plenty of calls but not about anything concrete.

It's all along the lines of "can we go over your CV so that we can match you to anything that may come up in the future".

Though 75% relate to perm positions.

[Ebenezer]

My recent experience is that there are two kinds of vacancies on Jobswerve etc.

• £1000/day dream jobs that don't really exist
• sub £300/day stuff in Wolverhampton intended for new arrivals to the contract market

The "in between" ground seems to be serviced by agents going through their existing contacts, so these positions tend not to get advertised.

[SueEllen]

I thought it was really busy. Getting calls and emails nearly every day, and haven't uploaded a CV in 2 years.

Depends on sector, skills and experience.

[theroyale]

I am in SQL Server dev and just started looking out and thought the market looked very good. Rates much higher than in '12 and '13 (when I was last out looking) with even the non-financial and non-insurance contracts hitting the £500 mark.

Surprised to hear that your experience of the .NET market being such a contrast.