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J Singh

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since Sep 26, 2005
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Recent posts by J Singh

Hi,

I am planning to move to a Hedge Fund company, primarily for money.

What kind of questions can I expect to get from them in the interview. I believe they have a big focus on aptitude - trignometry, algebra and geometry, puzzles and stuff like that.

Can anyone shed some light on what can I expect?

Also, whats a good place to prepare and practice them.

Thanks.
16 years ago
Alrite, makes sense. My weeks math was wrong anyway, putting it at 48.

I am in the US itself.

Also, most of the Indian/ Chinese/ other non-US-citizen professionals in the US DO go home to their countries for a month, so that vacation is not really moot. Holidays are a reality, the firms are closed on holidays, so thats not moot either. And you DO fall sick a few times in a year, so that again is not moot.

That brings the hours up to 2080 - 160 - 80 - 40 = 1800.

That sounds alrite, thanks.
16 years ago
8 hrs/day * 5 days/ week * 4 weeks/ month * 12 months = 1920 Hrs.

1920Hrs.

4 weeks vacation - 160 Hrs.
10 Holidays - 80 Hrs.
5 - Personal / Sick days - 40 Hrs.

Net Hours = 1920 - 160 - 80 - 40 = 1640Hrs.

So by my math, 1640hrs. with no overtime. I dont know how it comes to 2000hrs.
[ October 06, 2005: Message edited by: J Singh ]
16 years ago
I dont agree - your chart has almost real data, no matter on top of what did you pull it from.

Anyway, keeping the chart aside, what do you think a Project Manager, and an IT Manager, makes? Try to keep the 'depends' out. I know things depend, but at the same time, things rotate around an industry standard.
16 years ago
Cache the data in a collection, and display from there. Maintain a local file that stores the last DB read date. (app_db_read)

Write a INSERT/ UPDATE/ DELETE trigger that updates the update time in a one column table (country_update), or, updates a file (db_update) on the disk with the new timestamp, when a new country is added/ deleted. I am not sure of triggers can write to system files - read on.

The code that fetches data from the collection compares the date in the local file app_db_read, and the country_update, or, the file that the trigger updated - db_update (if possible), just before reading the collection. If the date is same, data has not changed, continue reading the cached data. If the dates are different, data has changed, update the collection, and read the new data from the collection.

If triggers can write to system files, your problem is solved without a DB call. If not, yes, there is still a DB read call from the country_update table, but thats really a one value update_date fetch unlike a collection of values fetch. And I dont see any other way how a data change at the DB level would be alerted in the application.

Thanks.

[ October 06, 2005: Message edited by: J Singh ]
[ October 06, 2005: Message edited by: J Singh ]
16 years ago
JSP
I aam keeping my math at around 1600 hours a year. Please correct, thanks.
16 years ago
Jayesh,

Thats a nice and true chart up there, good work. Do you know whats the upper limit of income for full time developers, or even the Project Managers? Your chart stops at 120K I guess, what do you think is the more money career option after it along the same line?

Thanks.
16 years ago
I am a full time employee considering consulting, and I want to know whats the estimate net number of hours that a consultant works round the year, assuming he is employed for the whole year, and considering the 3 to 4 week vacation, national/ state holidays and sick/ personal days.

I'll use this figure to multiply with the dollar rate offered, and estimate my yearly earnings.

I am sure most of the contractors/ consultants do this while weighing offers, so please give your opinions.

Thanks.
[ October 06, 2005: Message edited by: J Singh ]
16 years ago
Thanks for all the answers guys.

I need some advice specific to my case now. Please critque and advise.

I graduated with a Masters in Dec. 2003, and got a campus placement in Jan. 2004 in a great financial firm. I am leaving this firm now to go to another huge financial firm with $25K raise on base, and around $15 to $20K projected bonus.

I believe its a good deal, unless you tell me its average.

I am looking to make some good money in my skill line, Java and J2EE. Is consulting an option for me? Is it advisable to leave the full time for consulting? In my own opinion, I think if I get a good rate like $80 or so for a long term project like a year or so, I should consult.

Please advise.
16 years ago
I've edited my last post, please see.
16 years ago

Originally posted by Peter Chun:

I was saying that I get paid at hourly rate of $150.00 for any overtime only.



Ah! Alrite, I think we all got you now.

Peter, perhaps you can answer these as well:

- Is your company a software provider for clients? In any particular sector?
- You are an employee consultant (I still wonder why dont they call you an employee if you are salried and get benefits). What happens when the company's got no project for you to work on for lets say a month or two. Do you keep getting our pay stubs?
- Are you on W-2? If I understand it all right, that should be the answer.
- Whats your title? If I plan to head in the same direction as you in my carrer, whats the process?

Hope its not too much of a hassle!
Thanks!

Thanks!
[ September 27, 2005: Message edited by: J Singh ]
16 years ago

Originally posted by Sania Marsh:
What company charges don't define employee's salary.



Thats what my point is. If Peter's company is charging $150, I doubt if he gets paid the same, which I think he confirmed -

Originally posted by Peter Chan:
Yes. My base salary is fixed regardless of the hourly rate. My current hourly rate is $150.00 but this can vary from project to project.
[/QB]



But he is still saying that HIS rate is $150, adding to the confusion.

Anyway, Sania, whats the downside of working as an Independent Consultant? It sounds like great money.
16 years ago

Originally posted by Peter Chun:

My hourly rate is $150.00 and this is what the clients pay to my employer. I get all the benefits from the company, and I am salaried (i.e., I still get paid while I am on bench or on vacation).



Got you.

Lastly, your client pays $150 hour to your company, so thats your billing rate. But because you are on a fixed salary, do you get that $150/hour in your pocket? If yes, thats a huge 'salary' - $24000 a month. If not, then it does not matter if the client is paying $150 or $400/ hour, you'll continue to get yuor salary at a reduced fixed rate that you currently get. Is that right?

This is the rate or salary that I was talking about when I originally posted the question. To rephrase, how much do the top 'salaries' look like for top-notch Java Consultants like you?
16 years ago

Originally posted by Peter Chun:



That all depends on many things:
- Are you an independent contractor?
- Or a full-time employee in a consulting firm?
- Tax term? W-2 or 1099?

For example, I am a full-time consultant in PA and my rate is $150.00 per hour. I usually work 50 hours per week.



Hi Peter,

Thanks for the response. So if thats the dependency, who makes more - the full time consultant or the contractor? How is a full time consultant different from a contractor anyway, when both get paid on hourly basis?

Can you talk a little bit about what would be the way to get into each line, or what was your hiring process?

Thanks!
16 years ago

Originally posted by David O'Meara:
"Healthy Me",
We're light on rules here at the JavaRanch, but one we take quite seriously
...

thanks,
David O'Meara.



Display name changed, thanks.
16 years ago