Salary and offer/package questions - Part 2 - Page 10

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Salary and offer/package questions - Part 2 - Page 10


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  #91 (permalink)  
Old 23rd August 2013, 04:18 AM
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Originally Posted by Pr0PheT View Post
Hi there I am new to this site and hopefully I can post a lot more in future.

I have received an offer to work as a junior manager in Dubai (analyst in transportation industry), however I feel that the offer is not really fair based on my calculations, perhaps someone here can shed some light on that here.

Firstly I'm a young bachelor, I will be living alone, I dont smoke and probably also wont drink. Also I don't expect to buy a car because I'll be looking for a place in Business Bay near the metro and working near the DIFC. I would like to be able to enjoy myself, live comfortably and also be able to save some money.

The offer (all p/a):

Base Salary 89,000 AED
Housing 36,000 AED
Transport 5,000 AED

Total 130,000 AED

so thats less than 11,000 AED p/m

Health insurance and move package covered by the company.

From what I've calculated

Housing/Apartment (business bay area) 1bed - 65,000 AED
Electricity, water, utilities etc - 18,000 AED
Internet,TV, Phone (land line) - 6,000 AED
Transport - 4,000 AED
Food - ??? (any ideas, I like fish, meat and fruit)
Social activites (cinema, sports, fishing, mtb) - ???

to me the offer seems a bit low also im not sure about food and the values I have chosen, any advice would be greatly appreciated. Thank you.
You will easily spend the rest of your salary on food and social, and not save a penny.

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  #92 (permalink)  
Old 23rd August 2013, 07:35 AM
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Hi,

I got an offer from one of the MNC for Dubai.

They offered me AED 20,000/ month.
i will be relocating there alone 1st, then my wife and 3 months old kid may be after 3 to 4 months of time.

I just wanted to know, is it a good salary for a HR person who is having 6years of experience? how much will be my living cost and how much i can save?

Employer is not providing accommodation. but they are covering medical insurance separately.

My wife will not work and she will take care of the baby. So there will not be any baby sitting or day care required.

Also I dont have plan to stay there more than 3 years.

After considering this. is this a good salary? how much i will be able to save it?

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  #93 (permalink)  
Old 23rd August 2013, 08:28 AM
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Hi,

I got an offer from one of the MNC for Dubai.

They offered me AED 20,000/ month.
i will be relocating there alone 1st, then my wife and 3 months old kid may be after 3 to 4 months of time.

I just wanted to know, is it a good salary for a HR person who is having 6years of experience? how much will be my living cost and how much i can save?

Employer is not providing accommodation. but they are covering medical insurance separately.

My wife will not work and she will take care of the baby. So there will not be any baby sitting or day care required.

Also I dont have plan to stay there more than 3 years.

After considering this. is this a good salary? how much i will be able to save it?
Nobody can tell you how much will you be able to save this will be entirely up to you. You need to make a budget and then you'll be able to decide for yourself. Rents info in Diubizzle and rest (cars utilities food etc) info is all over the forum, you just need to search for it.

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  #94 (permalink)  
Old 23rd August 2013, 09:17 AM
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20k AED per month is a descent salary? or very low?

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  #95 (permalink)  
Old 23rd August 2013, 10:37 AM
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Originally Posted by de Mexicaan View Post
You will easily spend the rest of your salary on food and social, and not save a penny.
That should just be a stock reply to everyone
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  #96 (permalink)  
Old 26th August 2013, 06:06 PM
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Default Dubai equivalent of 85k US salary

Hi,
I’m in early stage of negotiating transfer to my company’s Dubai office and so far I know that I can expect ‘equivalent of 85k US salary’.
Any idea what would be equivalent of 85k gross US salary in Dubai terms? Basically, how much should the package be so that one would have same lifestyle in Dubai as the one receiving 85k in US? What about net/gross issue?
I realize this might be too vague, but it’s all info that I have thus far.
Thanks

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  #97 (permalink)  
Old 26th August 2013, 07:42 PM
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Originally Posted by kunjila View Post
Hi,
I’m in early stage of negotiating transfer to my company’s Dubai office and so far I know that I can expect ‘equivalent of 85k US salary’.
Any idea what would be equivalent of 85k gross US salary in Dubai terms? Basically, how much should the package be so that one would have same lifestyle in Dubai as the one receiving 85k in US? What about net/gross issue?
I realize this might be too vague, but it’s all info that I have thus far.
Thanks
You do have more info.
Single? Married? Children? Lifestyle?

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  #98 (permalink)  
Old 26th August 2013, 08:00 PM
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Originally Posted by kunjila View Post
Any idea what would be equivalent of 85k gross US salary in Dubai terms? Basically, how much should the package be so that one would have same lifestyle in Dubai as the one receiving 85k in US? What about net/gross issue?
You need to work out what you take home in the US from your gross figure.

Then you need to work out how that'd compare to the UAE. For this you need XE - The World's Favorite Currency and Foreign Exchange Site

Then YOU need to decide if it's comparable. The cost of living after accomodation can be quite low here, BUT DEPENDS ON THE LIFESTYLE YOU WANT TO LIVE.

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Old 26th August 2013, 08:30 PM
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Hi
Thanks for responding. This was my first post so it’s very encouraging to receive fast reply.

I am married and we have a 2 year old daughter.
Lifestyle: one car, dining out 2 times per month, occasional weekend trips.
No need for nanny since wife works freelance from home.

Offer which I will receive will be pretty much non-negotiable (company policy), but now I am trying to figure out how much it will be. Only thing I know is that it will be equivalent of 85k in US.
Probably company uses Mercer's rankings or something similar. So basically, what is the ratio between major US city (San Francisco) and Dubai ? Anyone with experience who was offered 'same' salary in Dubai as he had in US? What was ' the ratio' ?

After consulting variety of sources, my estimate is that Dubai salary should be 5-10 % higher? Any different opinions?

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  #100 (permalink)  
Old 26th August 2013, 09:13 PM
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Default Dealing in hypotheticals

I don't normally deal in hypothetical's but when I do, its to do with my potential package in UAE (this is a reference to the "Most Interesting Man in the World" commercial here in the US).

I am hopefully close to a point where I will have to ask this question so might as well ask now. So here are the hypothetical numbers.

Base salary here in the US: $125000 (AED 459125)
Lets say the bonus can range from 10K-20K a year but I am not even counting that for now

Assuming that I get offered an exact conversion of what I make here in the US (not my ideal scenario but possible) and lets say the break down is as follows.

Base pay per year in Dubai: AED 312,205 (USD 85,000)
Living/housing allowance: AED 146,920 (USD 40,000)
Lets say that return airfare is outside of this number

Its just my wife and me and she also plans to find work when she gets here (With 2 masters degrees from the US, I am sure she can grab something that'll pay her at least $40K-50K a year) but she is not in the numbers equation for now.
Anyways, when I looked for rentals in a decent spot in downtown on Dubizzle, I can relatively easily find places that are within my living allowance listed above. This would include the rental fee (5%?)

Now we come to the other part. Lets say, I spend USD $2500 a month on bills, utilities, food and a little bit of going out, it'll come out to $30000 a year. Definitely less than what I spend here in the Washington DC metro area.

Lets move on to the car. Lets say for the first year I spend USD $25,000 on a car (used or rental) and fuel. This takes it to USD $55,000 which still leaves me USD $30,000 at the end of the year (Savings ). This of course is with a fairly certain assumption that I will not be paying US taxes due to a combination of the foreign income exclusion and the housing exclusion.

Are my numbers way off? Appreciate some candidate feedback.

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Last edited by ExArab; 26th August 2013 at 09:20 PM.
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