350/day
Well I think 350/day is a reasonable pay.
Is it possible to get more than that in London?
As regards to saving, I think it depends on your lifestyle eh.
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Reply to: Moving to London
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Previously on "Moving to London"
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Originally posted by monkeyBoy32 View PostI thought the average income in London was closer to the 40k mark.
To clear that in a permie job, you'd need be on around 60k which is a really good salary (I think).
Impossible to answer if you will work 44 weeks without knowing your circumstances, skillset, experience etc etc.
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I thought the average income in London was closer to the 40k mark.
Is it reasonable to think you'll be working for 44 weeks a year?
I was just using the ir35 calc and, if you're on 350 a day, even inside ir35, you're clearing 3,555 a month working 44 weeks a year.
To clear that in a permie job, you'd need be on around 60k which is a really good salary (I think).
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Originally posted by monkeyBoy32 View PostI just want to check something with you guys - Living in London is expensive, sure, and maybe those really high paying finance jobs will be harder to find but, even if you've got a 300 - 350 a day contract, surely you're earning more money than most people in London anyway?
I mean, on that rate, you're still crearing a good few k each month - more than enough to pay a mortgage and live comfortably?
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I just want to check something with you guys - Living in London is expensive, sure, and maybe those really high paying finance jobs will be harder to find but, even if you've got a 300 - 350 a day contract, surely you're earning more money than most people in London anyway?
I mean, on that rate, you're still crearing a good few k each month - more than enough to pay a mortgage and live comfortably?
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Originally posted by JohannM View PostNoddy
did not get what you wanted to say in your post.
I will be searching for accomodation in West London, I know its expensive but that is where I wanna live
And I always worked with an umbrella company, so i will continue working with an umbrella, at least until I get the feel of how to run a proper company
cheers
I think he was trying to say,
"The banking market will be in a downturn in the next 6 months, so don't bother"
I'm of the other opinion, in that, only some banks will be heavily affected so work will be harder to find for folk that have done it before, but not for newbies, so don't bother
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Noddy
did not get what you wanted to say in your post.
I will be searching for accomodation in West London, I know its expensive but that is where I wanna live
And I always worked with an umbrella company, so i will continue working with an umbrella, at least until I get the feel of how to run a proper company
cheers
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I think if you are going to work in finance, you are better off under an umbrella.
This is because in 6/12 months time you'll be on the dole and the DSS ask company directors funny questions. I also hear Camden pay up to £260/week for 1 bed flats on the housing benefit. Good luck!Last edited by NoddY; 29 October 2007, 22:22.
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moving to london
Hey Bovered
At last some inspirational advice
Thanks, looking forward to join the party!
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Yeh, and the moment you've got a few of years of investment banking under your arm you'll be earning double that, so get over here and join the party!
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350 a week
Yeah that is what I will be looking for when I move. With 5 years experience in .NET and almost 10 years in IT, I think its possible.
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You can find places to live that aren't too expensive if you're prepared to live Zone 4 or further out. Doesn't mean it'll take an eternity to travel to the centre either - trains can be a lot quicker than a tube plodding in from a crowded Zone 2 spot.
If you can work and live in London, you won't need to run a car (in fact it'll be a liability for travel within the place).
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You'll need minimum £350 a day to afford somewhere to live.
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thanks
Hi Ruprect
At least can you tell me how the market is? Is it worth to come to London in the first place?
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