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Old 25.06.2018, 16:27
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Contract vs Permanent in Web Development (Frontend/Backend, UI/UX)

Going for the early retirement vs going for long but “maybe” more rewarding job.

Option A) “Contracting hopping” for ~850$ day rates for big investment banks with 1year contract with high chance of new similar 1 year contract. 
or


Option B) “Comfy culture” Half pay permanent contract at "cool/good-culture/life-balance" not wealthy midsize agency.

Is the banks really that bad, going the bank road would cut my work-life in half or make my semi-rich if I work all the way to retirement? Banks also have much more career progression opportunities than less wealthy companies.

Context: I'm aiming at keeping lifestyle spendings at the same level (middleclass) but get more financial freedome & happiness, what would be the smartest? If you retire at half the age you can do the most rewarding work you can find because you don't have to consider money. I'm leaning towards the double pay "Contract hopping" but would like to know if someone can warn advice against this path? What option would you go with and why?
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Old 04.07.2018, 11:03
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Re: Contract vs Permanent in Web Development (Frontend/Backend, UI/UX)

"... if I work all the way to retirement?" -- forget it. You won't be able to work as a contracter at this rate forever, because


1) Banks usually replace external staff after 2 years period
2) Your "special" IT knowledge and experience will become common after some time and "cheaper" internal staff will take over
3) Your kind of job will be outsourced as a whole to an Indian company like Tata, Wipro, Cognizant, ...
4) Banks in Switzerland are reducing staff in general because of the loss of the Swiss banking secrecy
5) Contracting in general is more stressful and exhausting than permanent and you might get a burnout or drug-addicted.
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Old 09.07.2018, 07:48
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Re: Contract vs Permanent in Web Development (Frontend/Backend, UI/UX)

If I were you, I'd work my a$$ off for couple of years as a contractor and see where it brings you. Web developers will always be needed and Zurich as any other market nowadays - feels the lack of the good ones available.

After couple of years, you'll have some money saved and can go to the other company for more of the balanced lifestyle.

That said, with any salary here you will be having a great quality of life and money is not everything. Think of your long term goals.

Enjoy!
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Old 09.07.2018, 10:23
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Re: Contract vs Permanent in Web Development (Frontend/Backend, UI/UX)

Good question!

I think you should choose the opportunity which is the more appealing to you and the culture where you would be a good fit.

Working in a bank is not for everyone.

From what you say, we can tell the perm job you mention is probably less stressful (but maybe a bit boring?).

Contracting is not always more stressful, it really depends what the project is.

In the end, the others are right: as a web developer it should be quite easy to find a job in the future. But things can change quickly so take the opportunity you like most.

Just my two cents but it's probably easier to be a contractor when you are younger and then if you wish to settle down or have a family, land a perm job.

Good luck!!
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Old 09.07.2018, 10:34
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Re: Contract vs Permanent in Web Development (Frontend/Backend, UI/UX)

Take the money. I know because I did the opposite in several instances and regret it. The typical argument for perm positions is the career path. Not the job you sign up for, but the one you might end up in a few years later. Given how the last ten years worked economically did those vague promises for the future never show up no matter how hard you work for them.


Given how fast IT is moving do I not dare to make any decent predictions for the coming 10. Cash in, save something and you'll probably be more future proof than anyone with a "long term contract"...
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