Don't do it for the money.
Have 6 months war chest before you start.
Expect to have to be away from home Monday-Friday - be surprised when this isn't the case.
BA Roles seem to hugely over subscribed currently (or low rate PS in silly locations) so expect to have to work hard to get contracts, and expect gaps.
If all that is ok, have fun
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Previously on "Business Analyst- entering the contracting world in 12 months"
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Originally posted by CorporateBA View PostI am looking to go into contracting in about 12 months time, mainly due to pay. I currently earn 45K a year as a permament employee.
What is the average daily rate for a contractor in the North-West ?
However, I'd be a little wary around your expectations here. You say that you want to contract because of pay, but you don't know what the average daily rate is where you want to work. And nobody has any idea about what rates will be like next year - will there be more or less work? Will there still be the ability to work as a contractor? Will the next government have made it impossible to be a flexible worker because it's only fair?
I'd recommend looking at the various first time guides or the IPSE Guide to Freelancing (available for free download here) and work out what it will involve - what are your costs likely to be? Will you find work locally or will you need to travel and stay away? If you're travelling, how much will that eat into your daily rate? Ar you likely to be inside or outside IR35, because that will make a difference to what you can claim as well.
And when you do your sums, have a think about how often you will be without work - whether that is holiday, sickness, or being without a contract. I'd recommend reading this thread which shows what can happen. If that's too long then jump here and read the executive summary.
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Originally posted by cojak View PostNot for every BA and for the NW I would say that £500pd is only available to some experienced senior BAs in the private sector.
Think more along the lines of £350 - £400, less if Public Sector.
Thing is though, don't go contracting for the money. Make sure you know what you're getting into.
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Originally posted by dotcom12 View PostI would say around £400-£500 could be achieved.
All the best with contracting
Think more along the lines of £350 - £400, less if Public Sector.
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I would say around £400-£500 could be achieved.
All the best with contracting
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Originally posted by CorporateBA View PostHi
I am new to this site, I have worked as a permanent Business Analyst for a number of blue chip clients over 14 years.
I am looking to go into contracting in about 12 months time, mainly due to pay. I currently earn 45K a year as a permament employee.
What is the average daily rate for a contractor in the North-West ?
I also long to work in Canada on short-term contract less than 6 months to see what's life like over there in terms of work ? Is there anyone thats worked abroad as a contractor is that even possible ?
Many thanks in advance, your advice is apprecaited
What is your domain specialism?
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Business Analyst- entering the contracting world in 12 months
Hi
I am new to this site, I have worked as a permanent Business Analyst for a number of blue chip clients over 14 years.
I am looking to go into contracting in about 12 months time, mainly due to pay. I currently earn 45K a year as a permament employee.
What is the average daily rate for a contractor in the North-West ?
I also long to work in Canada on short-term contract less than 6 months to see what's life like over there in terms of work ? Is there anyone thats worked abroad as a contractor is that even possible ?
Many thanks in advance, your advice is apprecaitedLast edited by Contractor UK; 19 September 2017, 15:29.Tags: None
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