Date: Tue, 12 Nov 2002 10:10:44 -0500
Reply-To: "Bosch, Jules [PRDUS Non J&J]" <JBosch1@PRDUS.JNJ.COM>
Sender: "SAS(r) Discussion" <SAS-L@LISTSERV.UGA.EDU>
From: "Bosch, Jules [PRDUS Non J&J]" <JBosch1@PRDUS.JNJ.COM>
Subject: Re: SAS SALARY QUESTIONS ? PEOPLE PLEASE TAKE TWO MINUTES TO ANS
THESE Q'S ?
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See comments (***) below.
Jules Bosch
-----Original Message-----
From: sas programmer [mailto:sasprogrammer@HOTMAIL.COM]
Sent: Monday, November 11, 2002 10:00 PM
To: SAS-L@LISTSERV.UGA.EDU
Subject: SAS SALARY QUESTIONS ? PEOPLE PLEASE TAKE TWO MINUTES TO ANS
THESE Q'S ?
Hi all
Thanks for you're replies.
I REALISE I MADE A MISTAKE IN MY LAST EMAIL NOT MENTIONING DETAILS AND
THERE WAS A TYPO ALSO.
HERE'S THE CASE SCENARIO IN A NEW JERSEY PHARMACEUTICAL COMPANY
QUESTION 1
THE CONSULTING COMPANY IS CHARGING THE CLIENT $60 PER HOUR AND THE
CONSULTANT IS GETTING $32 PER HOUR WITH BENEFITS LIKE GOOD MEDICAL AND
27 DAYS OFF (INCLUDES VACATION,SICK,PUBLIC HOLIDAYS) A YEAR ?
IS IT A GOOD DEAL?
IF NOT THEN WHAT IS A GOOD DEAL I.E WHAT SHOULD THE CONSULTANT GET?
*** Seems to be a good deal. If we assume, for whatever reason, you will be
absent from work an additional 10 days per year (for which you will not be
paid), then you are getting paid for 250 days per year. Assuming an 8 hour
day, your annual gross is [250 x 8 x 32] or 64k$. With two years of SAS
pharmaceutical experience (assumption is this is clinical experience, not
pharmaceutical marketing or financial experience) then your annual gross
seems to be competitive. You may be able to confirm this by calling some of
the agencies that are looking for SAS programmers in the NJ area and
discovering what they are paying. Check out DICE.COM.
QUESTION 2
WHAT IS A NOMINAL CUT A CONSULTING COMPANY SHOULD GET FROM THE FEES
PER HOUR CHARGED ON BEHALF OF A CONSULTANT ?
*** This is not too hard to determine. The consulting company has to carry
the cost of all the benefits you described above. Of the $60 per hour, the
company is getting about 47% which includes their profit. This figure (47%)
seems to be at the lower end of the range of costs of an employee (which you
are for the consulting company) as described in the past day or two by
different respondents herein. I know of at least one pharma company that
audits their manpower providers because their contracts mandate the maximum
allowable profit the manpower provider may take. If you were responsible
for your own benefits and taxes then the ratio would change dramatically.
QUESTION 3
TWO YEARS OF SOLID GLOBAL PHARMA COMPANY EXPERIENCE IN NEW JERSEY,
PLUS A MASTERS DEGREE AND TRAINING IN ALL ASPECTS OF SAS FROM SAS
INSTITUTE
HOW MUCH DO YOU THINK I SHOULD GET AS
A CONSULTANT ?
A EMPLOYEE ?
*** Test the waters--check out DICE.COM or another similar web site. At
this time the words "sas clinical" yield 59 job listings in NJ at DICE.COM.
ANSWER TO THE ABOVE QUESTIONS WILL SOLVE A LOT OF PROBLEMS THAT I AM
FACING FINANCIALLY DUE TO THE DEBT I HAD TO TAKE FOR MY EDUCATION AND
TRAINING
*** I am willing to bet a large number of people in this forum have faced
the same "problems." With time, all will be fine.
THANKS
SAS PROGRAMMER FROM NEW JERSEY PHARMACEUTICAL COMPANY
