Interesting, my main concern was that if I didn't take the opportunity to IB contract now then I wouldn't be able to at a later especially since I didn't fancy going into IB permananet at a later date just so that I can contract at a later date.
Insurance role seems interesting with a good set of technologies on offer but since it's permanent and with a 3 months notice period, would mean it would be I would probably have to quit before taking a contract next time out.
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Hey, it's phase two of the Mayan plan - now we have forums in stereo (where available)Leave a comment:
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Sometimes some people do it and other times some people do not seem to be able to.
It depends on many things and not just your previous role.Leave a comment:
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Sometimes some people do it and other times some people do not seem to be able to.
It depends on many things and not just your previous role.Leave a comment:
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I hardly think 2 years out of IB is going to be held against you. It also depends upon whether or not your doing true IB developement such as Matlab or Charles River etc or just c# in an IB environment.
Don't sweat it and if working in an IB is such a big deal, then go perm in another IB.Leave a comment:
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Depends how good your network is, to be honest.Originally posted by roberts View Post
The problem is the recruitment process. Agencies no longer apply intelligence to candidate selection. they either used largely unskilled juniors or automated word searches to pick the likely candidates. IB is very competetive and there are lots of candidates, if you're not doing the job then you are far less likely to make the original cut. So knowing someone to put you forward is the optimumm solution.
Not just IB, either; any of the key verticals or job titles have the same issues. It's why the standard agency model is slowly on the way out for everything bar the bread and butter roles.Leave a comment:
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OK so I guess if I did move to insurance, it would be hard to get back into IB contracting then?Leave a comment:
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Huh? If you are losing contracts over something this simple (to sort out), then maybe contracting isn't for you...Originally posted by roberts View Post
BTW, I returned to a nice IB contract after not having worked for an IB for 10 years - so it can be done. Just make sure your technical skills are smack-bang up-to-date.Leave a comment:
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Contracting is not actually about what you have done, it's about what you can do now. Given a choice between a seasoned contractor with current IB experience and an ex-permie looking to break back into IB, which do you think will be head of the queue?
It can be done, but be aware of the potential difficulties.Leave a comment:
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IT Investment banking Contracting from an Insurance background
Hi,
I have been working 12 years in permanent investment banking software and recently decided to leave the current job of 2 years within an investment banking for a contract role for another investment bank. However that fell through due to unable to agree a starting date, so I have another permant role now within an insurance firm as a Technical Architect and since then I have been offerred another contract within the same investment.
My long term goal is to go contracting since not interested in management side. However, my question whether if I was to work within the Insurance industry as a Techincal architect, would it be possible to again get back into investment banking as a contractor?
Btw, also my notice period for the new role would be 3months.
My background in the last 10 years was in making investment banking software and then working 2 years for an investment banking in back and middle office software.
Would be nice to hear what other contractors within investment banking think.
Leave a comment: