Contract Period

[Scrag Meister]

Yes it is normal, particularly if you are working in Front Office.

The enforced holiday is aimed at traders to give someone else the chance to find all your dodgy dealings while you are away.

I need to check my current HSBC contract re the 25 days hols as I haven't seen that or heard from my manager, although a fellow contractor asked me about it the other day.

[Dallas]

They are quite adamant that this is the way to go.

Currently in one of the places mentioned in the first 2 posts, been extended to 14 months, out the door after that and it is a "no quibble" policy.

i know folks at both your named banks who have been there longer .... plus i was extended at hsbc and didnt need the 25 days off, depends where you are i guess, where i am now i have gone through exception too - work it baby work it

[minestrone]

depends how crucial you make yourself

exceptions to everything

They are quite adamant that this is the way to go.

Currently in one of the places mentioned in the first 2 posts, been extended to 14 months, out the door after that and it is a "no quibble" policy.

[Dallas]

depends how crucial you make yourself

exceptions to everything

[Kanye]

Coming up to 3 years at one of those so it's not set in stone...

[minestrone]

I just cannot see the reasoning for the 1 year ban, once you get to jedi master in your role they throw you out the door and replace you with a complete novice.

[BA to the Stars]

Not just investment banks. Lloyds have a 2 year limit on contractors in their IT Division and DWP have a 12 month limit

[SimonMac]

You are a contractor, why would you want to stay anywhere more than 12 months anyway

[minestrone]

1 year limit for me.

[BrilloPad]

HSBC - 2 Year work limit - Required to take 25 days off a year

UBS - 48 weeks work limit - None

Is this normal in contracting for investment banks?

Its becoming more prevalent. A few years ago it was just JPM (3/10 year limits). I have heard they now get 2 year and 1 year limits. I have heard about limits at DB too.

[NoPaddle]

HSBC - 2 Year work limit - Required to take 25 days off a year

UBS - 48 weeks work limit - None

Is this normal in contracting for investment banks?