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Thinking of contracting
 
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Thinking of contracting

 
forum comment
#0 Thinking of contracting
 
Thinking
18.05.11 00:00
 
I have been working within consulting, first within a technical consulting and then in a management consulting. All my projects have been within capital markets. I can call myself as a jack of all trades but unfortunately master of none. I am not yet at manager level but more of senior consultant level.I am now looking to do contracting within financial services as a BA. Can I do that with my generic background within capital markets, what I mean here is that I have worked accross wide areas but dont have indepth SME knowledge.What kind of contracting roles can I take up with such background and how is the viability of these in longer term ?
 
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#0 RE: Thinking of contracting
 
Mr Cool
18.05.11 00:00
 
Lots of contract BA’s have your sort of background to begin with. The challenge tends to be getting your first contract. Very few recruiters do both perm and contract work, so you need to write your Cv as close to a contractors format as possible, get it to contract agencies (in response to ads, speculative is a waste of time), persuade them not to worry that you have no contracting experience, persuade the client to wait while you serve your notice Most contracts are filled at just a few weeks notice maximum).A brave move if you can afford it is to resign first and set up a contracting company. Agencies will take you more seriously and clients will see that you are available straight away.Once you’re in, you’re in and it is a perfectly viable career choice, albeit contracting has some career impacts.In terms of roles, have a look at current ads and imagine which ones you could do. Thats the answer.
 
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#0 RE: RE: Thinking of contracting
 
Thinking
18.05.11 00:00
 
Mr coolThanks for your reply. I knew you would reply and helpful reply again.How would a contractor CV differ, do you have any links or resources I can look at ? I believe that my CV is really good but I have used it only for perm jobs. I have always had good interview calls and multiple offers in the past so I dont see an issue with that front.The only concerns were with specific knowledge. With MC you can survive with basic industry knowlege as it is more generic skills and PM skills that matter. I would think someone would hire a contractor for a specialised skill.
 
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#0 RE: RE: RE: Thinking of contracting
 
Mr Cool
18.05.11 00:00
 
Your current perm CV is probably split up by periods at each employer with a list/bullet references to both projects and internal responsibilities, etc, etc.To turn this into a contractor-style CV simply......Put your current employment position in a single “easy to gloss over” line at the top...list all the projects in reverse chronological order (most recent first) showing client name, project title and then e.g. (KPMG) in brackets afterwards (if it was KPMG obviously)...put your project role (not your consultancy title), start and end dates for the project...describe what the project/you achieved...avoid all waffle. I know you should anyway, but really, really pare it down to skills, products, sectors, etc.Bin all references to any internal responsibilities (mentoring, chairing the employee forum, etc) no matter how proud you are of them. If you worked on a genuine internal project then write it up as a project with your employer as the “client”. Don’t talk about any sales or client management. Change it to project initiation/pre-kick off activity and stakeholder management.Don’t actually try and pretend you’ve been contracting. But format the CV as if you have been.As for the generic/specific skills – I wouldn’t worry. Just get yourself in some place and then deliver. The reason I post on here is to relieve the boredom of delivering supposedly high pressure, complex business change projects that keep senior executives awake at night. It’s 40% common sense, 40% balls, 5% luck and 5% genius. And yes there are people who are less than 5% genius and are not very good at it. God help them.If you're up against another candidate and they've done fixed income pricing testing and you haven't then you might lose out in the interview, but most contractors are no more specialist than consultants.
 
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#0 RE: RE: RE: Thinking of contracting
 
rc
18.05.11 00:00
 
contractor CVs tend to be geared up to the very specific keyword searches against skills and products that come in for interim work. eg "defined business requirements in Req-U-Like v1.2 for Indonesian FX derivatives, Calypso v 3.2.1" as opposed to the MC style "enabled dynamic synergies in the stakeholder engagement value space"
 
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#0 RE: RE: RE: RE: Thinking of contracting
 
MJ
18.05.11 00:00
 
Mr Cool - do you mind providing details through which I can PM you? Thanks
 
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