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Previously on "What's a good rate for contract project managers jr in London?"
Thank God! I did something similar, but for a lot less money. And repeated that trick with my current contract; giant leap in responsibility coupled with a crash in rate. The idea was to suffer some sort-term pain for long-term gain, although I am now questioning that wisdom!
Nah, should've followed Franco's plan. Get a crappy permie job and wait forever for something better to just fall out of the sky. If you can find a job where your colleagues bully you, all the better.
Stick to your guns, Slave. It's hard going short-term but more than worth it beyond that.
32 when I did the cheapo PM gig. Although my first PM gig was at the age of 28, I did the cheapo one because it was in a niche field and correctly reasoned it would lead on to bigger and more lucrative things. Which it did. Which was nice.
Thank God! I did something similar, but for a lot less money. And repeated that trick with my current contract; giant leap in responsibility coupled with a crash in rate. The idea was to suffer some sort-term pain for long-term gain, although I am now questioning that wisdom!
There's no rate that would tempt me to work in London right now. I hated the place before a bunch of loons started running around with rucksac bombs strapped to their backs.
"In my case, by thinking ahead and acting accordingly, I believe I significantly increased my chances. I used two gigs to combine two areas of expertise on my CV to create a highly desirable combination - well worth taking a rate cut for. However, if you think sitting around waiting for someone to break the door down and offer you your dream contract is a better bet, feel free to do that."
Well, I have taken a rate cut already since I accepted a permanent position but if you think I am the one who can sit around waiting for someone to break the door you have chosen the wrong person. The last time I remember I was idle in my life was 20 years ago when I failed one year at high school because I didn't want to study. Since that year I have never rest a single day and always been working as hell. You can gain valid experience in a permie position too and can't see the reason to accept a pay cut if the contract itself is paying less then what you make with a long term contract (permanent position). I am not a fanatic of anything and do believe contracting should be paid more, and should not be accepted in the light that your rate will increase by 300% in 9 months since this is overly optimistic.
How would you rate the probability of your rate to be increased more than 300% then the probability that you will be stuck to a low rate as the previous one was? Wouldn't it be wiser to wait to find an already decent rate? Yours was more an exception rather than the rule, I believe.
Well, Franco, as with most things you might not achieve something you are trying for. However, I can guarantee you won't if you don't even try.
In my case, by thinking ahead and acting accordingly, I believe I significantly increased my chances. I used two gigs to combine two areas of expertise on my CV to create a highly desirable combination - well worth taking a rate cut for. However, if you think sitting around waiting for someone to break the door down and offer you your dream contract is a better bet, feel free to do that.
There's no rate that would tempt me to work in London right now. I hated the place before a bunch of loons started running around with rucksac bombs strapped to their backs.
As you like, Franco. You stay put in your permie job like a good fellow. On no account give in to ambition.
How would you rate the probability of your rate to be increased more than 300% then the probability that you will be stuck to a low rate as the previous one was? Wouldn't it be wiser to wait to find an already decent rate?
Yours was more an exception rather than the rule, I believe.
32 when I did the cheapo PM gig. Although my first PM gig was at the age of 28, I did the cheapo one because it was in a niche field and correctly reasoned it would lead on to bigger and more lucrative things. Which it did. Which was nice.
mmm... sounds like a fairy tale. Once you are in a certain rate, in my experience but I might be wrong, it's hard to go up a lot more. Unless that must be one of the very few clients who actually recognise your value, but I bet how many do you have to stop by before finding one?
As you like, Franco. You stay put in your permie job like a good fellow. On no account give in to ambition.
mmm... sounds like a fairy tale. Once you are in a certain rate, in my experience but I might be wrong, it's hard to go up a lot more. Unless that must be one of the very few clients who actually recognise your value, but I bet how many do you have to stop by before finding one?
Franco you are 100% right, I think you should stick to your permie job
Ah, now that's woolly permie short term thinking for you, Franco. By taking that £350/day junior PM role for 9 months, I was able to secure a rate of £1,000/day on the following gig. Which lasted two and a half years. Which was nice.
Ah, now that's woolly permie short term thinking for you, Franco. By taking that £350/day junior PM role for 9 months, I was able to secure a rate of £1,000/day on the following gig. Which lasted two and a half years. Which was nice.
mmm... sounds like a fairy tale. Once you are in a certain rate, in my experience but I might be wrong, it's hard to go up a lot more. Unless that must be one of the very few clients who actually recognise your value, but I bet how many do you have to stop by before finding one?
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