Software engineer - Contract to hire (capital one)

Dec 22, 2019 47 Comments

👆.... I have received a verbal offer from a recruiter. Is it a better switch from jpm to capital one as contract to hire?

Note: contract to hire have it's ranges. Here its a 3 months contract to hire. In some places it's 3 months while in others contract might be 6 months long, and the rest contacts may be longer than a year.

I'll get a bit of a raise that's for sure but I am not sure if it's a risky business to leave a full-time job and get a contract to hire anywhere. What do you guys think?

TC - 🥜

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TOP 47 Comments
  • Amazon / Product zgsm23
    NO!
    NO!
    NO!

    FUCK-NO!!

    Contract workers (or disposable workforce as amazon calls them) are viewed very badly when you put yourself in the market after 1 year..
    Dec 22, 2019 1
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      Do you mean after a year of you were to some anywhere else after a year? Do u think the same for contract to hire full-time? Its a 3 month contract to hire. Sorry I forgot to mention that in my post above. What do u think?
      Dec 22, 2019
  • Capital One ender🐉
    If you want out of your current role, you should go and do the full job hunt for a direct hire role someplace.

    Coming in as a contractor is not a good way to get a full time role. I’ve seen far more contractors get let go than converted.

    If you’re passing the bar for a contractor position, you should see how much farther you need to go for a direct hire and put your energy into that.
    Dec 22, 2019 9
    • JPMorgan Chase DaimeJimon
      This is a sad true, I do not think of chase only tho. Prob thats a managers thing.
      Dec 23, 2019
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      @damiejimon - but this is happening since 3 years in the name reorg. I'm surprised how many people 3 years ago moved from California to Texas and how many were let go. I for one am already in Texas yet they asked me to change City even here because low cost center isn't enough. Cheapest to the cheapest cost center is what they are looking for. So unfortunate. This is the most ridiculous thing I heard from my new manager.
      Dec 23, 2019
  • Capital One chmejskm
    Not sure if this is LOB specific within Cap1, but In my LOB contractor conversions need to go thru same interview/testing as full time hires. So no advantage to you coming in as contract to hire unless you can convince them to bring you on at higher pay level.
    Dec 24, 2019 6
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      Next time I will just apply for a direct role instead. I just never know what type of questions they would ask or what written questions I should prepare for cap 1? It would really hp if you could point out.
      Dec 24, 2019
    • Capital One / Mgmt eJoH37
      True but also not true. Hiring manager has pretty much discretionary power to veto any results
      Jan 3
  • JPMorgan Chase chaseme
    I’d concentrate on the opportunity. Don’t do it for the money. To someone else’s point, if you’re jumping around, that is not good. Getting more and more common with the contract to hire in fs
    Dec 22, 2019 7
    • JPMorgan Chase DaimeJimon
      No, internal to jpmc, external to your LOB. It doesnt seem like a good deal to go to capone as a contract, unless you are taking a role thag has high potential
      Dec 23, 2019
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      Thank you daime! I agree with ur statement. I guess then that will be my only choice. :(
      Dec 23, 2019
  • Capital One WGqb50
    Capone tests are easy
    Dec 25, 2019 4
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      Funny 👍
      Dec 30, 2019
    • Capital One
      first down

      Capital One

      BIO
      I love people!
      first downmore
      It depends who you get in the loop. Certain managers will end your candidacy if you are not prepared.
      Jan 3
  • E*Trade / Finance cbEV72
    It’s very hard to find a good contractor. If you’re good they’ll keep you until they run out of money
    Dec 22, 2019 3
    • E*Trade / Finance cbEV72
      I can’t speak for every contract out there but when I was consulting myself some clients had a max or standard length of contract 3 months. So they’d keep extending them until you get sick of them and leave. This could go on for years. At some point in my life I didn’t want to convert to fte, and some clients would always bring the conversion talk up once in awhile.
      Dec 22, 2019
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      Really great insights E*Trade ... Awesome and thank you for sharing you honest opinion.
      Dec 22, 2019
  • Just curious, was there no non-compete agreement you had to sign at jpmc barring you from going to a place like Capital one?
    Dec 22, 2019 1
    • JPMorgan Chase / Eng (๑•﹏•)
      OP
      Han ? What ? No why would a company do that? I think we are open to be able to move at another bank. No such restrictions. They just don't want you to be working on your personal software projects on ur personal time and have non compete for that ..
      Dec 22, 2019
  • Capital One
    first down

    Capital One

    BIO
    I love people!
    first downmore
    Don’t do it! There is absolutely no reason to do it unless you are desperate. Go through the normal FTE hiring process. If you prepare it should be a breeze.
    Jan 3 0
  • Capital One NOav77
    And ppl are right, you cannot get anything done in 3 months
    Jan 3 0
  • Capital One NOav77
    I would ask more questions to the recruiter. Why this is a contract to hire job instead of a full time position? Mostly the reason it’s contract to hire is that the budget is not fully allocated yet or a new project is in the design phase and they expect they ll need more developers. But what if the budget is not allocated or the new project never sees light?
    It ll work only if you get a good manager, like many mentioned above and they have budget for it
    Jan 3 0

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