Typical rates of pay in the Finance and Banking Sectors
You might also find the following pages useful:
Contracting in the the Financial Services and Banking Sectors
Guide to Contracting in the the Financial Services and Banking Sectors
Finding work in the Financial Services and Banking Sectors as a Contractor
Well, quite honestly we've checked a few sites and the range is huge from £100 per day to £1,000 plus per day.
“According to Joslin Rowe Interim research, average daily financial services contractor rates are running at around £800 a day - over £200,000 per annum. However, some investment bank jobs are paying a premium. Guttridge added: "Financial services contractors are highly valued, but their stock rockets if they parachute in mid-project. Effectively, they’re taking a risk. If the project turns around, the financial services contractor can bolster their CV and their pay packet. Rates can rise by 25% to £1,000 a day in this type of scenario. But if the project fails, or continues to flounder, then it’s something that needs to be managed very carefully on a CV so as not to affect future employability."
The major banking, investment and financial services jobs website is efinancials, so it might be worth checking for contracts and daily rates on there.
If you have any question about contracting or would like any further advice please call our New Client Services helpdesk on 0500 152 500 or e-mail jaime.thorpe@sjdaccountancy.com.
SJD Accountancy
SJD Accountancy are the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 10,000 clients.
We are the only National specialist firm of accountants with offices in all major UK cities so you’ll never be far from your accountant. SJD also have more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA. You’ll also be pleased to know that we are one of the lowest priced as well.
Free face-to-face meetings. This is another unique service, only SJD offers free face to face meetings - tax is complicated and sometimes only a meeting will do.
Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no automated call handling. Simply telephone, e-mail or meet your own dedicated accountant face to face.
Money backed service guarantee. All your telephone calls and e-mails will be answered the same day or we will refund your monthly fee's.
Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.
All inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns. All this for a fixed monthly fee of £95 plus VAT, which is one of the lowest prices in the market.
Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!
You may also find the following pages, guides and case studies useful:
Take home pay calculator - How much could you be taking home
Contractor FAQ - All your frequently asked questions and their answers
First time Contracting or Freelancing? - A summary of the alternatives along with pros and cons
Step-by-step Guide to Contracting - Download a FREE copy of our guide
Limited or Umbrella? Can't decide? - We help you decide which is best for you
Take home pay case studies - Examples of contractors using limited and umbrella companies
Expenses Guide - Know exactly what you can claim
Umbrella company guide - Everything you ever wanted to know about umbrella company services
IR35 Guide - A great plain English guide to IR35
Most importantly, in a recent survey 98% of our clients rated SJD as 'better than other accountants' - we are working hard to convince the other 2%!
