{ "media_type": "text", "post_content": "Have a contract position offer at Bank of America as project manager. Right now M1 at EY. Money is good but the uncertainty around a contact position in the current scenario is making me question CONT", "post_id": "5e8cd675058e37001b18fe42", "reply_count": 14, "vote_count": 1, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Have a contract position offer at Bank of America as project manager. Right now M1 at EY. Money is good but the uncertainty around a contact position in the current scenario is making me question CONT

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Charlotte based? I’ve worked down there pretty extensively. I don’t think contractor is ideal during recession. I’d ask what project you’re going to be aligned to & understand duration / criticality of project.

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That’s right. CLT based. Treasury space.

People tend to undervalue the importance of benefits. At a time like this, nothing is more important than stability and medical insurance. As a contractor you are easily dispensable.

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Totally understand the value of stability. Most probably I won’t go for it but wanted to bounce it off this group.

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What's your contract rate (hourly or daily)? What's your current base + bonus + # of vacation days? How long are they saying the contract will last?

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Thanks a lot! You have some great points. Need to do some calc to be comfortable with the number. Also in this case the bank reached out to me first and extended the offer. Only diff is via a contracting firm rather than FTE

Be weary of contract positions in this environment, unless it comes with heavy protections such as a minimum payout if cut. I say this because BAC has said they are not going to cut staff, but when revenues go down in earnest on the commercial and retail side due to COVID they will gladly cut you.

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That’s what I’m worried about too. Need to politely decline sighting current situation

The move. Any suggestions from the fam?

You need to give #s "dam good" is worthless, your idea of dam good could be everyone else's joke. Give your: current base+bonus+# of vacation days and the expected contract rate (hourly or daily)+approximate duration of the initial contract

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Do you mean contract? I don't know what a contact position is.

You are right. Updated. Thanks

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