{ "media_type": "text", "post_content": "Had someone reach out to me for a contract project leadership position implementing nCino at a commercial bank.\n\nAny insight into what kind of rate I should ask for?\n\nI was thinking somewhere in the neighborhood of $250/hour to make it worth my while considering this is a bank that routinely hires big4 and MBB, I have 15+ years of big firm experience, and this is a meaty role.\n\nJust want to make sure I’m not aiming crazy high for a contract position…", "post_id": "60edbef6214cad00245b5465", "reply_count": 8, "vote_count": 2, "bowl_id": "58f96cbe075fa10010ad884b", "bowl_name": "Salesforce Professionals" }

Had someone reach out to me for a contract project leadership position implementing nCino at a commercial bank. Any insight into what kind of rate I should ask for? I was thinking somewhere in the neighborhood of $250/hour to make it worth my while considering this is a bank that routinely hires big4 and MBB, I have 15+ years of big firm experience, and this is a meaty role. Just want to make sure I’m not aiming crazy high for a contract position…

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Perhaps give them a range? Unless its a super specialized role, i may reduce the ask rate by a bit

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Will you be 1099? Typically I'd look to double my effective hourly wage for that arrangement. For you that'd be $290/hr. Sure, some might balk, but I guarantee they're paying more than that for lawyers and other highly skilled resources. They're looking for a "hot skill" and a senior leadership role. I am continually confounded as to why it seems companies don't hire permanent for such a role, but the market is the market, and if you're not going to regret walking away without $250, don't feel bad doing it, because they're asking you to give up many things by abandoning your highly-paid W-2 role for this temporary contract one (regardless of length). No better time to set your price than day 1.

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Thanks for confirming my thoughts! Even at $250 I see a lot of value getting someone like me at half of my current firm bill rate

My TC comp now is just south of $300k.. not really interested in giving up full time employment for a lateral contract role. This is a fairly specialized role. What I’m asking is what a big firm charges for someone with 5-10 years of experience so doesn’t seem completely crazy, but at the same time don’t have a good pulse on what is typical in the contracting world.

300k TC would be typical consulting senior director / managing director / VP comp, though they and CTA's can get that and more. I'm in the 250k range for TC, as a senior manager-level IC, non-HCOL area. A hot specialty like Ncino or CPQ or Marketing Cloud (and others) make it much easier to advance in comp or title.

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If it’s C2C it sounds okay to me.

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