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Going rate for a Captain on a one year contract?

Discussion in 'Yacht Captains' started by Pelagic Dreams, Apr 24, 2011.

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  1. K1W1

    K1W1 Senior Member

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    Hi,

    And I suppose that you have never seen a Captain with the appropriate qualifications have a party every night.

    It is a lot more about the individual not the certificate his or her name is on.
  2. CaptJonathan

    CaptJonathan New Member

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    I would say appropriate salary is $1,000 per foot per year. There are plenty who will do it for less, and a few but not many who will ask for more.

    It sounds like a good gig for the right guy.
  3. Capt J

    Capt J Senior Member

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    The going rate in 2001 was also $1,000 foot. There are quite a few very qualified Captains that won't work for that these days, but then again they're not the ones applying to ad's for yacht Captains. The jobs come to them.
  4. paulgd

    paulgd New Member

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    As a potential owner who will be looking for a similar captain/trainer in the 75ft range in the near future; and after paying $4.5- 5 for the boat I would be quite happy to pay 90-110k per annum for a professional to impart his experience with a bonus if we finished our training before that tme.
    It seems a small amount in comparison to the outlay I have just embarked upon.
    Paul
  5. K1W1

    K1W1 Senior Member

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    Hi,

    Very well said, I wish you luck in your search for the successful candidate to fill this role for you.
  6. NYCAP123

    NYCAP123 Senior Member

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    Those are words from someone who is NOT penny wise and pound foolish. Considering that and the fact that learning on boats never ends, I have a feeling that you'll be giving that bonus for getting extra knowledge rather than finishing early. With the right captain, you'll get at least 6 months of knowledge in 6 months, a year's worth in a year, etc. and you'll reach your comfort zone whenever you reach it. The more we learn tends to teach us how much more there is to learn.
  7. captjohn22

    captjohn22 Member

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    Valid question and a few thoughts.

    Most of the responces you recieved were valid. The Price spread does reflect the current market and the job seekers in it.

    There is absolutly no way this position or any other Captains job is a vacation, paid or otherwise. Any one who thinks it is, is clueless as to the work, skills, judgement and responsibilities that are required.

    Forget about the work, the responsibility, if taken seriously and it better be, along with having the skill sets and morality [ Costa Concordia ] to carry out those responsibilities is worth a lot of money alone.

    And most importantly, you must be sure the person you choose, you and your wife are very compatable. They don't make a boat big enough when your wife is not happy or comfortable with the help on a long cruise.
  8. travler

    travler Senior Member

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    cheap help is allways your most expencive help it's hard for me to belive you can learn enough to be competent in 1 year unless you are not going to travel much

    cheer's travler
  9. Capt J

    Capt J Senior Member

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    I Agree, a 75' yacht pretty much needs a full time Captain just to keep up with the maintanence if you're using it.
  10. dennismc

    dennismc Senior Member

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    Now that lots have had "at me" for my 50-60 K figure, if you read the original post....65 ft boat......I still maintain that 60 K would be a fair rate in this economy, and as for you ''Captain ED, I have more deep blue sea nm's as Captain as you will probably ever see, and if you don't enjoy the thrill of the command and adventure , you are not a "man of the sea". YMMV...my 2c..
  11. NYCAP123

    NYCAP123 Senior Member

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    55 years on the water, 24 years professional. My first 10+ years in this business had me on the water 300+ days a year. Be careful about bragging on your experience on this forum or questioning anybody's being "of the sea". You may find yourself coming up short. There are a few here who can make me look like a land lubber, but they rarely spout.
  12. dennismc

    dennismc Senior Member

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    You know Ed, you gotta stop throwing insults...read your early post...
  13. travler

    travler Senior Member

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    nycap

    i know what you are saying i don't know how many miles at sea i have been but i do have several log book's with a lot of notes and been scared out of my whitts on more than one ocasion and still doing it

    have fun and be safe travler

    P S ed there are alot of tug boat/tow co's in the N/w that would pay a lot more than 60 k a year for a good capt
  14. Capt J

    Capt J Senior Member

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    What economy???? There is NO SHORTAGE of jobs for good Captains. I've turned down 2 full time jobs this year alone paying $1200 per foot or more on boats a bit larger than 65'. I have a very successful management company and have made very very good money for the last 10 years, including the last several, but it hasn't stopped people from offering.
  15. NYCAP123

    NYCAP123 Senior Member

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    Wasn't you I was responding to, and I don't compare myself to anyone unless someone's foolish enough to challenge me. Lots of people here make their livings on the water and they all deserve respect. Several, and I know who they are, could make me look like a newbie by comparison, but they wouldn't because they're too busy comparing themselves to the person they aspire to be.
    Most tug captains, at least in this area, make a lot more than 60K and earn every dime of it.
    This is a funeral and cold riding few days for me here, but I'll try to have fun anyway. You be safe also.
  16. travler

    travler Senior Member

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    NYCAP

    i did knot think you were responding to me i think we are on the same page i have met some real good capt's and engineers in my short time on the ocean don't want to date me self but i took my first real boat ride in 1966 on a tuna clipper out of sandiego and haven't looked back since , there is a wealth of knowlage on this forum and i respect the members and thier views

    trying to stay warm travler
  17. Capt Ralph

    Capt Ralph Senior Member

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    So
    One year after the original posting, Did "Pelagic Dreams" come to a decision or plan? Anything ever turn up? Work out?
    Forums need feedback.
  18. Capt J

    Capt J Senior Member

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    probably not.....
  19. Pelagic Dreams

    Pelagic Dreams Senior Member

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    What started out as a pretty simple question turned into a wide variety of opinions about what a captain is worth. And I have taken from most of it that there really is no monetary price you can put on the knowledge, experience and responsibility that a true Captain is worth. The economy is what it is and there comes with it a "price" that is to be paid.
    We have not purchased a boat yet, and my intent was to try and figure what ball park figure I could plan on as part of the yearly expenses to expect. When the interview process does in fact come to pass, I will use the advice I learned here and indeed some of the old advice of "you get what you pay for" in making my decision.
    You dudes need to take a deep breath and recite...it's all good.
    Thanks for all in advice.
  20. Capt Ralph

    Capt Ralph Senior Member

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    It's all good, It's all good, It's all good.