Originally posted by YHB
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Reply to: Contracting Rates in the City
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Previously on "Contracting Rates in the City"
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I coined it in the City from '96 to 2001, left just before it went to custard. I was rather hoping to do the same again next year in the City, but might have to see what happens.
I'm pretty sure that the truism that the City pays better than anywhere else in the UK will hold true, its just how many jobs there are going to be in the short to medium term.
What goes around comes around - the economy boomed with the availability of cheap credit - now its into recession largely because credit is getting tight. One day it'll swing back to cheap credit again, hopefully cheap credit thats based on a lot more substance than ninja mortgages and dodgy financial 'instruments'.
I still think that the City will maintain its status as a world-leading financial centre - especially with the US$ and Euro looking like they might suffer a credibility problem from this particular crunch.
Bring on the new British Empire...
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Originally posted by YHB View PostNot all are suffering, im paid very well by my Hedge Fund client who is regarded universally by analysts/media to have managed itself very well and will benefit from the closures of others
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Originally posted by TazMaN View PostSounds similar to me, except that I came to London from Greater London. Oh and I'm not late 30s, don't have 10+ years contracting experience and I haven't actually got retirement in view yet.
But I get your point.
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Originally posted by aussielong View PostI work with a couple of late 30s long term contractors (10+ yrs) who have just come to Oz from London.
They are both planning on retiring in the next couple of years ... from the coin they've earned programming in the City.
You can't knock it. A lot of average bods have done very well out of it.
But I get your point.
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Originally posted by BlasterBates View PostI was wondering about moving from my low paid job to an exciting City bank or hedge fund, but I'm not sure that I could afford the rate cut.
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Demand, rates and salaries have gone up for certain skills at the top level e.g. credit risk analysis
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Originally posted by Xenophon View PostWhat the CUK does that mean?
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Originally posted by BlasterBates View PostI was wondering about moving from my low paid job to an exciting City bank or hedge fund, but I'm not sure that I could afford the rate cut.
They are both planning on retiring in the next couple of years ... from the coin they've earned programming in the City.
You can't knock it. A lot of average bods have done very well out of it.
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Contracting Rates in the City
I was wondering about moving from my low paid job to an exciting City bank or hedge fund, but I'm not sure that I could afford the rate cut.Tags: None
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