1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Wheres the big money in IT?

Discussion in 'Employment & Jobs' started by Juelz, Nov 6, 2016.

  1. Juelz

    Juelz Gigabyte Poster

    1,225
    199
    176
    Wheres the money located? Looking at support roles like 2nd/3rd its all under 30k.. wheres the big money located?
     
    WIP: bit of this bit of that
  2. jk2447

    jk2447 Petabyte Poster Moderator

    Top Poster
    of the Month

    5,573
    388
    249
    Contracting is where the big money is at mate. More or less any role in IT, a contractor can earn 2x - 5x more as a guestimate, plus only pay 20% tax so even if they are on the same money as you, they might walk away with more than you. Course not all roses, no sick pay, holiday pay, no redundancy pay etc etc but if its purely money you're after, it's in contracting.

    What to go contracting as also dictates the rates you'll get. I'm no expert as I've not done it but in my expereince, Server Engineer, £290 - £400 a day, Citrix specialist £350-£420 a day, Architect of any description more like £350 - £600 a day as conservative estimates. Just all depends on how badly they need you to plug the gap they have in their business.

    There was a time when I thought you had to be amazing to earn this sort of money but I've met enough contractors now to know that you can earn around £100k and not be anything special at all. In a lot of places the contractors get the easy work to do to free the permies up to do the more complex work, so at times its not even like you have to work ridiculously hard for the extra cash. Contractors I've met do very 9-5 hours, no nights, no weekends
     
    Certifications: BSc (Hons), HND IT, HND Computing, ITIL-F, MBCS CITP, MCP (270,290,291,293,294,298,299,410,411,412) MCTS (401,620,624,652) MCSA:Security, MCSE: Security, Security+, CPTS, VCP4, CCA (XenApp6.5), MCSA 2012, VCP5, VCP6-NV
  3. Monkeychops

    Monkeychops Kilobyte Poster

    292
    17
    25
    Sales ;)
     
  4. Jaron78

    Jaron78 Megabyte Poster

    728
    106
    112
    I think our Devs are on about 80 / 90k basic as Contractors.
     
  5. jk2447

    jk2447 Petabyte Poster Moderator

    Top Poster
    of the Month

    5,573
    388
    249
    Contract sales! ha ha I jest sales is a fabulous role for things like bonus, if you're any good of course
     
    Certifications: BSc (Hons), HND IT, HND Computing, ITIL-F, MBCS CITP, MCP (270,290,291,293,294,298,299,410,411,412) MCTS (401,620,624,652) MCSA:Security, MCSE: Security, Security+, CPTS, VCP4, CCA (XenApp6.5), MCSA 2012, VCP5, VCP6-NV
  6. Juelz

    Juelz Gigabyte Poster

    1,225
    199
    176
    Thing that scares me about contracts is what if you dont get another? I actually got offered a contract role and turned it down.
     
    WIP: bit of this bit of that
  7. Apexes

    Apexes Gigabyte Poster

    1,055
    78
    141
    You sir, just hit the nail on the head.

    Some people are in the right situation to do so. Single, no commitments, kids etc. - easy to go contracting and build up a good bank roll.

    You also need to travel, if you're going to take on a contract role - you should consider doing so anywhere within the UK (Providing the money is right)

    I've only had one major contract, which was a years work in Scotland, i stayed there 4 nights a week, and went home on weekends back to Bristol. I was earning 600/day.
     
    Certifications: 70-243 MCTS: ConfigMgr 2012 | MCSE: Private Cloud
  8. FlashDangerpants

    FlashDangerpants Nibble Poster

    96
    10
    34
    A few times recently I have had to show people with > 10 years in IT how to do real simple stuff (one of them stopped to write down how to get the pipe character for Powershell cmds). This seems to be a problem related to going contractor at the very start of their careers and getting overpaid for monkey work. At that level, contractors may not be given skill enhancing chores.
     
    Certifications: MCITP Exchange 2010, MCSA Svr 2012
    WIP: Exchange 2013
  9. dmarsh

    dmarsh Terabyte Poster

    3,805
    314
    184
    In my pocket ! :thumbleft
     
    Certifications: CITP, BSc, HND, SCJP, SCJD, SCWCD, SCBCD, SCEA, N+, Sec+, Proj+, Server+, Linux+, MCTS, MCPD, MCSA, MCITP, CCDH
    jk2447 likes this.
  10. Jaron78

    Jaron78 Megabyte Poster

    728
    106
    112
    It is something I am thinking about.

    As I said before, Jane and I are looking to goto New Zealand for a year or so and see how we like it. Would contract for a year to see how we get on.

    Need to get my networking exams and experience sorted out :)
     
    jk2447 likes this.
  11. SimonD

    SimonD Terabyte Poster Moderator

    3,482
    400
    199
    So this year I have had three different roles, I was made redundant at the end of January after nearly 5 years in the role. I eventually got a contractor role in April that was supposed to be for 6 months, it involved spending every other week in Spain working with the client out there. After two months I was let go as they cancelled the project, luckily they paid me 30 days notice and I managed to survive until September when I landed a perm role (home based working with an international team based around the clock).

    Whilst the contracting money was decent (the months notice kept me going for 3 months after the end of the role) I was determined to get back in to a perm role as it was reliable money, having kids and a mortgage to pay now days means no more risking it all on good contracts.

    If you have any money concerns at all then I really would question whether contracting is the right choice and Juelz I know you have a small child so think carefully.
     
    Certifications: CNA | CNE | CCNA | MCP | MCP+I | MCSE NT4 | MCSA 2003 | Security+ | MCSA:S 2003 | MCSE:S 2003 | MCTS:SCCM 2007 | MCTS:Win 7 | MCITP:EDA7 | MCITP:SA | MCITP:EA | MCTS:Hyper-V | VCP 4 | ITIL v3 Foundation | VCP 5 DCV | VCP 5 Cloud | VCP6 NV | VCP6 DCV | VCAP 5.5 DCA
    WIP: VCP6-CMA, VCAP-DCD and Linux + (and possibly VCIX-NV).
    Jaron78 likes this.
  12. jk2447

    jk2447 Petabyte Poster Moderator

    Top Poster
    of the Month

    5,573
    388
    249
    Very good advice I think, not a decision to be taken lightly. @Juelz I was not recommending anyone go contracting, just answering the question. I forgot to mention there's also money in leaving your current employer if you've worked your way up. Often when you work your way up through the ranks, you can get the experience and titles, but not a market rate of pay. Check out IT Jobs Watch or the job sites to see what sort of wonga your role commands elsewhere
     
    Certifications: BSc (Hons), HND IT, HND Computing, ITIL-F, MBCS CITP, MCP (270,290,291,293,294,298,299,410,411,412) MCTS (401,620,624,652) MCSA:Security, MCSE: Security, Security+, CPTS, VCP4, CCA (XenApp6.5), MCSA 2012, VCP5, VCP6-NV
  13. Josiahb

    Josiahb Gigabyte Poster

    1,336
    40
    97
    Absolutely, the last couple of companies I've worked in have had a fairly flat structure which (among other things) meant their engineers gained skills without having the opportunity to actually 'move up' which allowed the companies to keep salarys relatively low.

    My new job sees me in a growing business who are investing in training and offering salary increases to match as people grow into their roles (and had a nice healthy pay bump when I joined!).
     
    Certifications: A+, Network+, MCDST, ACA – Mac Integration 10.10
    jk2447 likes this.
  14. Waqas Ahmed

    Waqas Ahmed Nibble Poster

    89
    12
    34
    For permanent roles, I guess the money is in security, and DCs.
     
    Certifications: CCNA R&S
    WIP: CCNA ???
  15. Waqas Ahmed

    Waqas Ahmed Nibble Poster

    89
    12
    34
    I contracted for three months before perm. Tbh they didnt offer that much more than the perm role...
     
    Certifications: CCNA R&S
    WIP: CCNA ???
  16. Waqas Ahmed

    Waqas Ahmed Nibble Poster

    89
    12
    34
    "Watch or the job sites to see what sort of wonga your role commands elsewhere"

    Yes, but also consider the cost of living. I think to maintain the same quality of life in London, as I would in Leeds, I'd need to earn around triple what I do in Leeds.
     
    Certifications: CCNA R&S
    WIP: CCNA ???
  17. Apexes

    Apexes Gigabyte Poster

    1,055
    78
    141
    Depends what you're systems you're working with as to what money you can command in contracting.

    Also remember, lets say your company were paying you $10 an hour, they're also paying probably another $8 - $10 to the recruitment agency on top of that.

    Sorry for the $ - can't find the GBP symbol and can't be arsed to look for it and copy and paste :D
     
    Certifications: 70-243 MCTS: ConfigMgr 2012 | MCSE: Private Cloud
  18. jk2447

    jk2447 Petabyte Poster Moderator

    Top Poster
    of the Month

    5,573
    388
    249
    A good point well made, I'd assumed one would do that of course. IT Jobs Watch tells you what the average salary is per region to make it easier. It's handy to know what sort of salary can command on average. It can help you plan your progression if you're motivated by money as I am. I wasn't always this way of course, but now I'm a bit older, I just want the holidays with the kids, anything else is a bonus.
     
    Certifications: BSc (Hons), HND IT, HND Computing, ITIL-F, MBCS CITP, MCP (270,290,291,293,294,298,299,410,411,412) MCTS (401,620,624,652) MCSA:Security, MCSE: Security, Security+, CPTS, VCP4, CCA (XenApp6.5), MCSA 2012, VCP5, VCP6-NV
    Waqas Ahmed likes this.
  19. Waqas Ahmed

    Waqas Ahmed Nibble Poster

    89
    12
    34
    I'm motivated by the money lol, but I'm happier with a better quality of life tbh. I mean what's the point of earning double the amount in the south (You won't. At best you'll earn 10K more), to never be able to own your home? More so in London - people there can't afford a house, and can't afford a car. At least in Reading, you can afford a car (Well people can afford a car, but they can't afford the rent for the parking space for the car) I just think "What's the point"

    It's quite depressing that pretty much every one in the south talks about "rent" - even senior engineers on what maybe 50-60K. It's quite depressing to think that a guy that earns that much, lives in a two bedroom flat, paying £1400/month, with his wife and two kids. Then he has to own a (very old) car, to drive to Reading, from London. I just think...why?
     
    Certifications: CCNA R&S
    WIP: CCNA ???
    jk2447 likes this.
  20. Waqas Ahmed

    Waqas Ahmed Nibble Poster

    89
    12
    34
    That's fine. THe same principle applies tbh
     
    Certifications: CCNA R&S
    WIP: CCNA ???

Share This Page

Loading...