Salary and offer/package questions - Part 2 - Page 58

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Salary and offer/package questions - Part 2 - Page 58


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  #571 (permalink)  
Old 13th December 2013, 03:24 AM
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Hello All,

I recently got offered a package of the following:

17,500 AED per month for a 3 month probationary period,
19,000 AED per month thereafter,
Therefore, first year earnings total 223,500 AED basic,
Potential 240,000 AED per year commission,
All business expenses covered by claiming as expense at the end of every month.

I was not offered any extra housing/vehicle/travel/dependants allowance nor any flights home. However, the work does require periodical flights back to the UK for business which are covered by the company.

The company covers all VISA expenses.

I think healthcare/dental/insurance are then provided after the 3 month probationary period.

I've been told the salary may be raised annually subject to an annual performance review.

I am a single man in my mid-20's and this would be my first job in Dubai, UAE.

The role is in the financial consultancy (institutional) sector in an pan-asian growing company.

I have the following questions:

1) Is this enough for somebody my age to live and travel comfortably?
2) Is this enough to save anything based on current rental/expense prices?

Thank you for the advice in advance!

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  #572 (permalink)  
Old 13th December 2013, 03:47 AM
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Housing not included. That is the main cost actually.

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  #573 (permalink)  
Old 13th December 2013, 03:49 AM
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Tall guy, we still don't know what your position will be.

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  #574 (permalink)  
Old 13th December 2013, 07:53 AM
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His position will be sitting comfortably in a cool apartment with a nice view, lots of exotic holidays and a sweet car in the basement. Sounds like a reasonable position to me lol!!

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  #575 (permalink)  
Old 13th December 2013, 02:01 PM
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Quote:
Originally Posted by idontknowwhatimdoing View Post
Hello All,

I recently got offered a package of the following:

17,500 AED per month for a 3 month probationary period,
19,000 AED per month thereafter,
Therefore, first year earnings total 223,500 AED basic,
Potential 240,000 AED per year commission,
All business expenses covered by claiming as expense at the end of every month.

I was not offered any extra housing/vehicle/travel/dependants allowance nor any flights home. However, the work does require periodical flights back to the UK for business which are covered by the company.

The company covers all VISA expenses.

I think healthcare/dental/insurance are then provided after the 3 month probationary period.

I've been told the salary may be raised annually subject to an annual performance review.

I am a single man in my mid-20's and this would be my first job in Dubai, UAE.

The role is in the financial consultancy (institutional) sector in an pan-asian growing company.

I have the following questions:

1) Is this enough for somebody my age to live and travel comfortably?
2) Is this enough to save anything based on current rental/expense prices?

Thank you for the advice in advance!
Hey guys, still waiting on a reply on the above...

Thanks!

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  #576 (permalink)  
Old 13th December 2013, 02:14 PM
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I already responded actually. It all depends on what type of housing you are going for. If you are planning to share a flat or get something close to sharjah then you may be ok. But its not going to be a luxury lifestyle.


Last edited by zatapa; 13th December 2013 at 02:19 PM.
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  #577 (permalink)  
Old 13th December 2013, 06:19 PM
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Quote:
Originally Posted by zatapa View Post
Tall guy, we still don't know what your position will be.
Neither do I Zapata, not until the new year, once I have agreed the role I can confirm but it is sales role covering the MEA region. Besides I will need to send approx 30% of my salary back home for mortgage etc as not renting out my uk apartment. I was trying to get a sense of what the monthly costs would be for weekly groceries, restaurants, bars, shopping, golfing etc

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  #578 (permalink)  
Old 13th December 2013, 07:13 PM
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Then your role and situation are pretty similar to mine, main difference being that I am married with two kids. I also have a mortgage to pay at home which is just under 30% of my income. I have full P&L responsibility for the ME region. My package is approx AED 650k all in.

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  #579 (permalink)  
Old 13th December 2013, 07:35 PM
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Quote:
Originally Posted by zatapa View Post
I already responded actually. It all depends on what type of housing you are going for. If you are planning to share a flat or get something close to sharjah then you may be ok. But its not going to be a luxury lifestyle.
Thanks for the response.

Could you be more specific in regard to the questions I asked?

I have the following questions:

1) Is this enough for somebody my age to live and travel comfortably?
2) Is this enough to save anything based on current rental/expense prices?

The reason I asked them is then to base my housing decision based on the answers I get. If I can afford to live alone in a "nicer" part of town or if I may have to consider different arrangements?

I don't expect to live a luxury life-style but I do need to be comfortable enough and maybe save a little too.

Thoughts?

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  #580 (permalink)  
Old 14th December 2013, 01:39 AM
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Quote:
Originally Posted by zatapa View Post
Then your role and situation are pretty similar to mine, main difference being that I am married with two kids. I also have a mortgage to pay at home which is just under 30% of my income. I have full P&L responsibility for the ME region. My package is approx AED 650k all in.
Thank you for the feedback. Let's see what happens and I can plan from there
Best wishes

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