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Currently at an unsexy financial services firm - on track for third promotion in 2.5 years. Approaching 190k TC I’ve had a couple recruiters reach out over the past week or so with contract positions at tech companies (think Pinterest, Robinhood, etc) that pay ~$50hr with potential but no guarantee to convert after 6 months These jobs are much less technically challenging than my current role Would the potential of breaking into one of these companies be worth the step back in terms of TC and technical responsibility?
$50/hr is roughly $100k. Contract rates are always higher than salary.
Yeah and how much of the contract rate do you actually get after the consultancy takes their cut
not for a contract position, no
Vanguard is sexy, stop hating on us lol Also why don’t you just switch to tech here? They let you switch around every 18. Are they not letting you? If you must switch only switch for full time. Why leave a sure thing for a extremely risky contract? Usually they hire like 30 contractors with the intent on keeping 6, and then those 6 get dumped eventually too. Literally just “bodies”.
If the job is less technical that just means more people can do the job. IE they can replace you that much more easily. Also, as others have stated above, contracts are ALWAYS more than full time wages.
How is Robinhood “tech” and not financial services? Yes they pay higher salaries at the expense of their client, but it’s still a financial services.
Hell no
Do both at the same time!
I’m currently Hybrid :(
No, don't do that for contract position and lower salary.
If you’re getting promoted at a quick pace you shouldn’t leave. Just keep getting promoted until you can’t anymore. Then switch
I wouldn’t take a contract role in big tech. Just wait a few months for companies to start hiring hand over fist and get full time.
What would you say hiring for that wave will look like? Is LC still the standard?
LC is still the standard.