Salary and offer/package questions... post yours here!!! Part 1 - Page 3

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Salary and offer/package questions... post yours here!!! Part 1 - Page 3


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Old 7th April 2011, 12:56 PM
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i think you should stuck with the field you like and do not look at the salary cause at the end your happiness and satisfaction more important than money.
Sorry to hear you got stuck in a horrible job.

Once here, is not easy to change jobs unless you go to a free zone position. Best to research prior to taking a job and hopefully people on the forum can help people decide if an offer/dubai is going to live up to what they believe it to be.




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Old 7th April 2011, 01:36 PM
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Hey all, new to Dubai but need some advice. I am a recent Finance grad from Canada and am trying to find a banking job. Got an offer from one bank but the pay seems kinda low... 8K a month (including everything, as they put it.)

I only have one year work experience in the industry but this is almost the perfect job for me (working with stocks and bonds). So I'm really considering taking it because it would be amazing to say I worked at this bank on my resume... And I want to get the ball rolling asap... I need some advice from veterans cause I'm not sure if I should go for it or keep looking...

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Old 7th April 2011, 01:54 PM
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Hey all, new to Dubai but need some advice. I am a recent Finance grad from Canada and am trying to find a banking job. Got an offer from one bank but the pay seems kinda low... 8K a month (including everything, as they put it.)

I only have one year work experience in the industry but this is almost the perfect job for me (working with stocks and bonds). So I'm really considering taking it because it would be amazing to say I worked at this bank on my resume... And I want to get the ball rolling asap... I need some advice from veterans cause I'm not sure if I should go for it or keep looking...
If the bank really is that amazing, then they can afford to pay you more thank 8k a month (all inclusive). Do not take up the offer because you will regret it after you come here.

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Old 7th April 2011, 01:56 PM
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Got an offer from one bank but the pay seems kinda low... 8K a month (including everything, as they put it.)

I only have one year work experience in the industry but this is almost the perfect job for me (working with stocks and bonds). So I'm really considering taking it because it would be amazing to say I worked at this bank on my resume.
Check out dubizzle to get an idea of living costs. You can get shared accomodations for 3 to 4k a month. Lower then that, you will be sharing the same room with someone... or someoneS. Eating is going to cost you between 1000 to 1500 dirhams a month (at home). Transportation will depend. If you live close to a metro, and your work is along the metro route you may get by quite cheap (like 500 dirhams a month) but if you have to take the taxis then it will add up and 1000+ will easiliy be gone. There always is the bus system though. Budget 2 hours to go what takes 30 min to drive. You will be left with 3000 or so dirhams a month for all living and going out after transportation, food and housing. You will have a hard time keeping up with the jones even once a week out and about. You will save nothing and may very well find that you are struggling.

Is a very low offer. I would suggest you not take it. Dubai is a very expensive place to live.




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Old 7th April 2011, 02:15 PM
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Check out dubizzle to get an idea of living costs. You can get shared accomodations for 3 to 4k a month. Lower then that, you will be sharing the same room with someone... or someoneS. Eating is going to cost you between 1000 to 1500 dirhams a month (at home). Transportation will depend. If you live close to a metro, and your work is along the metro route you may get by quite cheap (like 500 dirhams a month) but if you have to take the taxis then it will add up and 1000+ will easiliy be gone. There always is the bus system though. Budget 2 hours to go what takes 30 min to drive. You will be left with 3000 or so dirhams a month for all living and going out after transportation, food and housing. You will have a hard time keeping up with the jones even once a week out and about. You will save nothing and may very well find that you are struggling.

Is a very low offer. I would suggest you not take it. Dubai is a very expensive place to live.
Truly appreciate the input. I guess I should have clarified that I will be living with a relative who has pretty much taken care of all my expenses. Have my own room, internet, laundry, can use his second car as I please, and he has a maid who will cook and clean... I know the offer is low... but I feel like I need a job asap.

Also, they said before they have to do background checks... does that mean I have to get police clearance from Canada or something? I forgot to ask them what that entailed...

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Old 7th April 2011, 02:27 PM
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Once they hire you at that low rate, you are not going to be raised to a 'westerners' salary.

Did you tell this company that you had accomdations arranged??

I would still suggest keep applying to get a decent package. I dont know your age, but do you wish to live with relatives long term??? They are taking the piss with that offer... in british terms




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Old 7th April 2011, 03:50 PM
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Also, they said before they have to do background checks... does that mean I have to get police clearance from Canada or something? I forgot to ask them what that entailed...
You should ask them again.
8K is very low - a decent INTERNATIONAL bank will not pay less than 60K USD to a starting analyst. But local/regional banks could.
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Old 7th April 2011, 08:28 PM
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You should ask them again.
8K is very low - a decent INTERNATIONAL bank will not pay less than 60K USD to a starting analyst. But local/regional banks could.
Thanks, I still haven't accepted... It is a "regional bank" but a bank nonetheless... I thought I would gain some regional experience and possibly switch to a larger multinational after a year. Any suggestions on where to look for finance jobs in Dubai? I've tried Michael Page, Monstergulf and Bayt

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Old 7th April 2011, 09:23 PM
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Thanks, I still haven't accepted... It is a "regional bank" but a bank nonetheless... I thought I would gain some regional experience and possibly switch to a larger multinational after a year. Any suggestions on where to look for finance jobs in Dubai? I've tried Michael Page, Monstergulf and Bayt
Having been looking online for the last 3 months for positions in the GCC (and now having secured one ) I can also recommend Gulf Talent, Hays, Reed, Robert Half, Kershaw Leonard and Clarendon Parker - see what they have.

Good luck

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Old 8th April 2011, 03:18 AM
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Thanks, I still haven't accepted... It is a "regional bank" but a bank nonetheless... I thought I would gain some regional experience and possibly switch to a larger multinational after a year. Any suggestions on where to look for finance jobs in Dubai? I've tried Michael Page, Monstergulf and Bayt

I am 24 and was in a similar situation last week. I was offered 8,500 with everything and I kept trying to justify it because I really wanted international experience and my mentality was ahhh well everything is taken care of... i should be ok. Unlike you though if i didn't get what i wanted there was no loss and i'd stay my current job. Anyways... i made a counter offer for 11,500 with a good explanation and they bit. Just explain your ready to take the job and make the life changing move ... and thats what it is ... "you aint coming home on the weekends" if they offer you more financial security...

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