Three Quant Contracting Roles Comparison
Have always been a full-time quant; have both buy side and sell side experience. Trying out contracting now. Have three offers.
1. HSBC. £ 938 / day. CVA, credit risk, C++ / Python. Enjoyed talking to interviewers, but was never interviewed by line manager himself. Seems like a shorter term engagement.
2. SMBC. £ 800 / day. Rates derivatives pricing, CVA, C++ / Python. Quite extensive interview, good vibes with line manager. Seems like a long-term engagement.
3. Coremont (adjacent to Brevan Howard). £ 796 / day. Credit cash and credit linear derivatives pricing, C++. Quite extensive interview, good vibes with line manager. Seems like a long-term engagement.
Which one looks best?
Hey Paul.Mattheus, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:
More suggestions...
You're welcome.
Are they all inside IR35? Also, are they all 6 month contracts (you're almost guaranteed an extension as long as there is budget and you perform)?
codemonkey7 Yup, all inside IR35, No 1 is three months with written confirmation of extension to follow (just don't know whether 3 or 6 months), No 2 is seven months (and implicit view of work to last five years), No 3 is six months (with implicit view of two years of work). How would you rank them [subjectively] from best to worst?
I'd probably go 2, 1, 3 (there's not much to pick between them, you _could_ try and negotiate for a day rate closer to the one offered by HSBC). The fact that number 2 offers the longest initial contract and the most amount of work further down the road pips the high day rate of number 1 for me (although if you're looking to maximise income just go with 1 😆).
OP -
How did you even get into the roles?
codemonkey7 I guess I see where you are coming from -- finding new contracting engagements is a lot of faff -- so it is good to have one stable long-term gig going. What are your thoughts on relative brand / prestige between (1) and (2) and the value of skillset developed by nature of work?
Nam voluptas aperiam cupiditate veritatis est delectus non. Asperiores quaerat vel quam nulla eius sunt dolor. Voluptates vel vel cupiditate non vel. Fuga error corporis ipsa provident harum sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...