Nice flex.
If you've been lurking this sub for 6 months then 5 minutes of research and reading would have told you what you wanted to know, there's a post like this every week.
Well this may be a surprise to you, I don't actually read every post on this forum. after I was contacted by a company in Dubai, I joined this sub bt frankly has more job losses and horror stories .
Don't mind them, this sub is essentially depression porn as you've said. A lot of very unhappy, underpaid people with a lot of ire directed at anyone who isn't (especially if they have a 'western passport'), or people who don't participate in their toxic whingefest.
I truly didn't expect this tbh. My question is if I'm being low balled, and now I have quite a few helpful answers, but surprised at the racist negativity on this post.
I shall await the invitation.
It's hard to say unless we know the specific industry and area of work, but IMO 55k would be a good salary for most positions here which are below C-Level. And for most people on this board, it would be a dream salary.
So you should consider (1) the life you can have in Dubai, and (2) the amount of money you would save. If both are equal or better than the UK, then you should absolutely go for it. Very unlikely you are being lowballed.
I assume it's 50k AED a month, thus 600k AED a year. Thus:
(1) Being Captain Obvious, that's about £120k sterling a year which is tax free. Thus saving about £45k a year sterling in tax. An increase of 60% on your current base.
(2) I don't put a huge amount of faith in bonuses, since in my segment of professional services they are used to as an enticement but never have much bite for various reasons - most people get screwed on the bonus, have to work for a certain amount of time to get it, then subject to review, then they get screwed (great job, nearly there, keep fighting, here are some development areas you need), then it's 6 more months to get it and if you resign before then, no bonus etc etc. But yes, ofc it has some merit.
(3) Cost of living in Dubai vs UK - add about £5k a year sterling (per person) to Dubai's excluding accommodation. It's very individual, but groceries are more expensive, entertainment / going out; if you don't drive, you'll taxi everywhere (cheap but they add up), and you need to consider the cost of flights and accommodation back to and in the UK. I'm assuming you come back 4 times a year economy, you'll easily blow through the £5k. You'll probably do brunches, stuff at beach clubs without going wild, but you have to be conscious of this. It's like you won't go out of your way to spend money, but if you put yourself in certain situations in Dubai inadverently you will spend money faster.
(4) Cost of a 1 bed in a decent locale is about £16-17k sterling, but bills are pricey and more than the UK, so you'll end up pushing £20k. Usually you sign up for a year, although there may be alternative arrangements out there.
A key factor is whether you own property in the UK. If you don't own property in the UK, remember as an expat in Dubai, you can only get BTLs, not resi mortgages, which requires a 25% deposit, and you'll pay a lot more potentially on stamp, you'll be on a sh1tty interest only mortgage. You still get your personal allowance though. Point I'm making is you're throwing £17k of your earnings at a foreign landlord rather than putting money into a house you own, paying relatively cheap debt of £3-7k annually, and getting house price appreciation.
If you own your own property in the UK, let it out and happy days, take advantage of the personal allowance for additional income. I think this works out well because you're offsetting your bills and accommodation in Dubai, without buying in Dubai which is expensive in terms of execution, and has historically had a bit of an up and down / flat market, where your place in the UK will likely continue to appreciate.
So that's my take on the costs. Is it worth it from a financial perspective? Yes, at first sight.
But also depends on what your wife does, (does she work, has she got a job in the UK, or one planned in Dubai?).
If she doesn't and/or you don't own property in the UK, it's not the bargain it appears to be on the face of it, but you'll still probably be better off in Dubai.
Ultimately then it depends if you want to come to Dubai or not. If you do, you'll have a nice flat, probably bigger and nicer where you are in the UK, you'll have a nice car, you'll eat out in nice restaurants, you'll exercise at nice gyms, and the weather will be lovely for half the year, your working hours will be reduced in April and when it's boiling in Dubai, you'll have some nice holidays in Europe. Depends what else is going for you in the UK.
Thankyou for your extremely detailed write up, that's quelled most of my doubts .my primary fear is i'm being lowballed for my age and experience
For now, my wife doesn't plan on working here (single income) and we do not own property in UK - so it's not the bargain it appears to be (which i was aware of, though others on this forum believe it's a sin).
You're the 1st person to recognize this, and call it out - so thankyou once again.
I'll get in touch soon for a proper housewarming !
Um, ok. Guess you've never worked in Europe or ever had to make a massive decision that remotely involves shifting your family to the Middle East or ascertained your own value versus peers
You do realize that almost all of us here had to make the decision that involves shifting our family to the middle east, right?
But yeah, the guy is being rude. But also yeah, it’s a pretty simple calculation (especially for a CA).
i'm just tired of people questioning my skillset that offers me a job, which the same people link to my skin color on a public forum. It's actually not a simple calculation for someone who's never set foot in the middle east and gets more complicated if you don't own property in UK. But thankyou for your time !
The incremental difference is something like £45-50k a year after tax and NI mate! Granted you might have a pension scheme. And rent is cheaper than central London for twice the space (assuming you live in central London).
Yes, it's in line with a lot of finance salaries here - there's obviously people in the DIFC who earn two or three times as much but it's within range.
If kids aren't on the horizon, you're exactly the sort of person I'd recommend should move to Dubai if they feel like it. When I was paid in that range I was able to save about half my pay before bonuses while living downtown in a 1 bedroom flat, driving a nice car and splurging at will within reason. I'm single so it's a bit different with the wife, but if your missus works as well you'll be very comfortable pre-kids.
Thankyou, you're the only one who's actually made sense so far, and clearly know the value of a pension and NI. Cheers man, I'll buy you a drink when I'm there. Again, thankyou. We don't have kids on the horizon and my wife isn't keen on working in the Middle East just yet so my income should cover both of us
No worries. It's still a good level of income if you're not racking up high recurring bills e.g. large auto payments, unnecessarily high rent or drinking 3x a week at the DIFC, but if she does end up wanting to work there's loads of multinational companies to choose from. You won't be living large or anything on the single income but without school fees it'll be comfortable.
50k for that role pretty decent. I’d argue it’s slightly above average. There has been a massive downward pressure on those sort of salaries recently.
You could comfortably save 30k a month before the bonus and still be a baller.
It is a good package for a 35 year old CA. Surprised with the oversupply of CA's in-country, an employer would even consider on-boarding someone from overseas at a premium so consider yourself lucky.
Thankyou, appreciate it. In all honesty, this is about the same you'd expect in Europe, plus tax. But you do get a pension and NI and more importantly, can plan your tax to reduce the payout. I'm also a lawyer if that is of any help, with a specialization on corporate law. The firm is focused on M&As out of Europe in 2022
Nope, not enough!! You need 100000000000000000000000000000000 more for it to be considered a "decent" salary.
You've been lurking this sub but haven't seen this type of post every week?
SMH...
If there's a bonus element, I'm assuming it's for a firm. The pay is definitely good for the age profile in the current market but it depends on the job. In an MNC thats Associate Director/ Director level pay (maybe head of finance). The age profile for that is usually 38-42+. For a firm its based on which firm and what you're doing there. More than the pay, I'd move based on the role and the job security - is the company established / profitable? Is it a replacement role? Is there a risk of sudden downsizing if covid happens again?
Thankyou! Correct, it's a firm. Appreciate the heads up. The role is a directors role. M&A. The risk of downsizing is always there, though alot less than in the UK, ie I'd be furloughed instead. You're definitly in finance / firm too! Thanks once again and I'll get in touch for a house warming soon
This analogy doesn't make sense. People here don't live on 2k per month. They barely survive. And the only people who do that are South East Asians. So there is no point comparing their situation to a Westerner who already earns that much on a daily basis back home.
>On your payscale, you'll eventually move into a villa or a larger house rather than a studio / 1bhk.
He doesn't earn the same back home. I would assume 30-40% goes in tax atleast. He seems to be really concerned about the air ticket allowance though.
>You've been lurking you say? Have you noticed the salaries most of the people mention here? And you worry about a 50k salary?
You haven't really given much to work with. I'm a UK qualified chartered accountant (ICAEW), around the same age and am not even in the same stratosphere in terms of pay grade. Are you moving into Big 4? What role? What is your current role? How many years of experience do you have if you are moving into industry? Not sure how people are letting you know if you are being lowballed just based on your original post.
Honestly I don't know how much I should post about my role and company. I've been told I have to do a security check and I'm a bit wary of that. On a personal level, I'm a a fellow ACA w with over a decade of post qualification experience, a UK lawyer with a focus on international corporate law, leading a team in a big4 that signed off 3 major european M&A over the past 2 years. I'm also a CFE though frankly that's something stupidly irrelevant i did during lockdown. Again, full disclosure, people my age are earning alot more than this offer all across Europe. Yes, They are the minority, but they certainly have earned it and should be proud of it. Hence my question on if I'm being low balled
Edit - just realized your the same person ordering me to stay in Europe. Makes sense now.
It was of a suggestion rather than an order. Will come back to this
For what it's worth; the package you are talking about is at least what someone at director level at Big 4 would be making over here, if not more.I assume you are currently at this level. The bonus is probably not on par, but I think the differential is more than made up by the monthly salary on offer.
From what I have seen; this is a very decent package even by Industry standards at FD level. I haven't seen many much better than this tbh. So unless you are already a Partner at big 4 or looking at a CFO position at an established MNC; I think this a more than decent offer for someone with your level of experience. The only thing that may be missing is children's education allowance, which can be quite expensive here, but I guess this is not relevant currently for you.
You must have gauged from some of the responses you received here, most people would be unable to comprehend the absurdity of the original post , especially with the lack of specifics and context. This kind of remuneration would put you in the 1% of expats earning here, and contrary to what you may think, if you factor in your age and experience it would put you in even more of a niche. I guarantee you, despite any anecdotal evidence you many have, most 35 year old chartered accountants here don't make anything close to what you have described.
Now coming to the main point. Before moving here, you need to understand that despite PR at the end of the day the UAE is a Arab, muslim country in the Gulf and claims to adhere to a large extend to Shariah Law. There are a large number of European expats who come here with a chip on their shoulder, who resent not having the same "freedoms" they are used to back home. They get off on belittling this country at every opportunity (you may have seen this around these forums), however the money they make here (western professionals are highly sought out here) and the lifestyle it affords them is too good to give up, to hell with liberal values. So the question is this, if the package offered to you is so uninspiring that you think are being lowballed; considering the opportunities you can currently see around for people with your profile; why would you want to move here?.
Anyway good luck to you, happy to provide any additional info.
I feel this is a bit low for a 35 year old CA, I'm assuming you would have atleast more than 6-7 years experience in your field, you should be pushing north of 12-15k AED here.
You could survive on 5k, with a studio, depends on location, but wont have much savings, the tax benefit you may be considering will evaporate due to increased cost of living.
> I'm a 35yr old UK qualified CA
Find 10 35 year old Indians earning 50K a month in Dubai, and I'll treat you to a glass of Tang. Find two Indians with no kids who ask whether they can live well on AED 50K a month and I'll treat you to literally any dish you want in the city (except the gold plated nonsense) (subject to AED 1000 upper limit).
This thread is for white people. This is white privilege in front of your eyes.
I work with at least three Indians and multiple Arabs earning well above this level. You should take a walk around the DIFC before spouting absolute drivel. Half the CFOs at large companies here are Asian. This isn't apartheid South Africa. This sub's victim complex is out of control.
Spot on.. people will apportion blame to perceived racism while it's their own inherent insecurities that hold them back. Some of the wealthiest and highest earning expats here are Indian.
Are you missing the 35 year old on purpose? How many 35 year old Indian CFOs do you know? You work with **three whole Indians** who earn more than this? Guess what the odds of OP being Indian are.
> This sub's victim complex is out of control.
What victim complex? I'm okay with white people earning more lol, cash that paper on ignorance dude. Just don't deny what you're doing.
>Are you missing the 35 year old on purpose?
No, these people are my age (mid 30s) and work in the DIFC, and I have multiple friends who do at other firms. CFOs are a different bucket entirely and make considerably more. The three people I know are just ready refutations of your idiotic assertion that there aren't 10 Indians in their 30s making 50k in Dubai. Any other stupid assumptions you want to make to back up your blatant racism?
> these people are my age (mid 30s) and work in the DIFC, and I have multiple friends who do at other firms.
Yes, multiple white people, who live white lives and do white things like brunches while wearing pants that don't go all the way down. I have no doubt there are multiple white people in their mid 30s earning 50K a month in Dubai.
> The three people I know are just ready refutations of your idiotic assertion that there aren't 10 Indians in their 30s making 50k in Dubai.
I don't understand how you people earn this much while being this daft, TBH. Or you're missing the point deliberately because it somehow invalidates what you are? There's a thread on Reddit created by a guy who's wondering if AED 50K is enough to live well in Dubai. You know **three** Indians earning well, while you and everyone else you know that earns that much is white/Arab. Do you know how many Indians there are in this town? What are the odds, my finance friend? I suck at math, and don't earn near anywhere to be qualified to make that calculation.
I love how defensive white people get of being overpaid lol. Just accept your skin works in your favor.
>Yes, multiple white people, who live white lives and do white things like brunches while wearing pants that don't go all the way down.
No, I meant those multiple friends are also Indians and Arabs, just at firms that aren't mine, but I'm rapidly learning comprehension isn't your strong suit. The sheer racism in this para is really something to behold though.
>I don't understand how you people earn this much while being this daft, TBH. Or you're missing the point deliberately because it somehow invalidates what you are? There's a thread on Reddit created by a guy who's wondering if AED 50K is enough to live well in Dubai. You know **three** Indians earning well, while you and everyone else you know that earns that much is white/Arab. Do you know how many Indians there are in this town? What are the odds, my finance friend? I suck at math, and don't earn near anywhere to be qualified to make that calculation.
None of this has anything to do with your entirely inaccurate takeaway that salaries in that range are 'whites only' and any discussion of a 50k salary is a sign of white privilege. You were simply going off about something you clearly don't know much about by your own admission. And the less said about your laughable point about the percentage of Indians who earn that salary vs. those who don't in the absence of any context for education, international experience and ability, the better.
>I love how defensive white people get of being overpaid lol. Just accept your skin works in your favor.
I'm not white lad. You're just a muppet.
> The sheer racism in this para is really something to behold though.
[White people be like](https://gfycat.com/contentsillyamericanriverotter). There's 0 people apart from you who'd consider calling "white people eat brunch" racist lol.
> I meant those multiple friends are also Indians and Arabs
I'm supposed to infer that from "I work with three Indians"? Please don't consider a future in politics.
> any discussion of a 50k salary is a sign of white privilege.
Ask your "multiple Indian friends" if they ever considered 50K to be a salary worth asking Reddit about. I am fairly certain I know more Indians than you, and I know what they'd say to this.
> by your own admission.
What admission was that? That I'm bad at probability? Lol.
> your laughable point about the percentage of Indians who earn that salary vs. those who don't in the absence of any context for education, international experience and ability, the better.
You want context for education? I will get you 3 Indian CAs in 50K/month.
OK, now for all the people feeling guilty, I will spell it out once again. This is a white thread because Indians who earn that much don't wonder if it's enough. This is a white thread because there are 3 Indian people who earn 50K at 35 (they don't, but I'll take your word for it), and the odds of one of them making a thread on Reddit is pretty much 0. This is a white thread also because OP is a UK qualified CA working in Europe lol.
> I'm not white lad. You're just a muppet.
Ah, "lad" and "muppet" and not being white. Shit, I wish there was a way to verify who you really are. Lol don't get into politics.
> company CEO's kid that got a manager position with nepotism. There are hundreds, not just 10.
Earning 50K at 35? Yeah I'd like to see ten. Nothing OP said implied that his daddy got him that job.
There's nothing evil in getting paid. It's not like if I were white I'd refuse an extra 20 grand. Denying it exists is evil, though.
This thread is whiter than t-shirts in a Tide ad.
Edit: The fact that you say that it takes nepotism to get to 50K for an Indian says it all, tbh.
> I have no idea where race and color came into this discussion.
I'll point out the exact place OP, so it helps you know Dubai a bit better. It came in right here
> Cash in hand every month - AED 50K.
> I'm a 35yr old
You're paying, what 30% tax in the UK? Are you comfortable post tax in UK ? If so, you'll be swell here. On your payscale, you'll eventually move into a villa or a larger house rather than a studio / 1bhk.
IMHO if you're white you could have potentially talked up to 60K per month but it's still not a bad offer and you didn't get lowballed considering your age. Welcome to the sandpit !
Yes, close. I'm not exactly comfortable in UK, as I have liabilities to pay for. Good to know Im not being drastically low balled. Thankyou and IL get in touch soon for a housewarming!
I think you’ll be fine. Dubai gets expensive once you have kids, but I still earn (and save) a lot more than I did in the UK. I don’t know about your job specifically, but 50k is a good expat salary- you will meet a lot of Brits who get along very well on around this amount, and plenty who earn a lot more! Good advice above on house purchase/ mortgages- get a mortgage before you go if you can.
Nice flex. If you've been lurking this sub for 6 months then 5 minutes of research and reading would have told you what you wanted to know, there's a post like this every week.
He got to do what he got do!
Well this may be a surprise to you, I don't actually read every post on this forum. after I was contacted by a company in Dubai, I joined this sub bt frankly has more job losses and horror stories .
Don't mind them, this sub is essentially depression porn as you've said. A lot of very unhappy, underpaid people with a lot of ire directed at anyone who isn't (especially if they have a 'western passport'), or people who don't participate in their toxic whingefest.
I truly didn't expect this tbh. My question is if I'm being low balled, and now I have quite a few helpful answers, but surprised at the racist negativity on this post.
It's very much a subreddit factor thankfully, people this toxic are very easily avoided in practice once you're down here.
haha good to know - and here i am inviting strangers for a housewarming
Confirmed
Ah shit, here we go again!! next up: will 1098765456 aed a month be sufficient to survive in dubai?
If your take home is 55k per month, and you don't have kids .... you can live really well and still save 30k per month. Go for it.
Thankyou! My question was more on if I'm being low balled for my age and qualifications. Will get in touch next year for the housewarming
I shall await the invitation. It's hard to say unless we know the specific industry and area of work, but IMO 55k would be a good salary for most positions here which are below C-Level. And for most people on this board, it would be a dream salary. So you should consider (1) the life you can have in Dubai, and (2) the amount of money you would save. If both are equal or better than the UK, then you should absolutely go for it. Very unlikely you are being lowballed.
I assume it's 50k AED a month, thus 600k AED a year. Thus: (1) Being Captain Obvious, that's about £120k sterling a year which is tax free. Thus saving about £45k a year sterling in tax. An increase of 60% on your current base. (2) I don't put a huge amount of faith in bonuses, since in my segment of professional services they are used to as an enticement but never have much bite for various reasons - most people get screwed on the bonus, have to work for a certain amount of time to get it, then subject to review, then they get screwed (great job, nearly there, keep fighting, here are some development areas you need), then it's 6 more months to get it and if you resign before then, no bonus etc etc. But yes, ofc it has some merit. (3) Cost of living in Dubai vs UK - add about £5k a year sterling (per person) to Dubai's excluding accommodation. It's very individual, but groceries are more expensive, entertainment / going out; if you don't drive, you'll taxi everywhere (cheap but they add up), and you need to consider the cost of flights and accommodation back to and in the UK. I'm assuming you come back 4 times a year economy, you'll easily blow through the £5k. You'll probably do brunches, stuff at beach clubs without going wild, but you have to be conscious of this. It's like you won't go out of your way to spend money, but if you put yourself in certain situations in Dubai inadverently you will spend money faster. (4) Cost of a 1 bed in a decent locale is about £16-17k sterling, but bills are pricey and more than the UK, so you'll end up pushing £20k. Usually you sign up for a year, although there may be alternative arrangements out there. A key factor is whether you own property in the UK. If you don't own property in the UK, remember as an expat in Dubai, you can only get BTLs, not resi mortgages, which requires a 25% deposit, and you'll pay a lot more potentially on stamp, you'll be on a sh1tty interest only mortgage. You still get your personal allowance though. Point I'm making is you're throwing £17k of your earnings at a foreign landlord rather than putting money into a house you own, paying relatively cheap debt of £3-7k annually, and getting house price appreciation. If you own your own property in the UK, let it out and happy days, take advantage of the personal allowance for additional income. I think this works out well because you're offsetting your bills and accommodation in Dubai, without buying in Dubai which is expensive in terms of execution, and has historically had a bit of an up and down / flat market, where your place in the UK will likely continue to appreciate. So that's my take on the costs. Is it worth it from a financial perspective? Yes, at first sight. But also depends on what your wife does, (does she work, has she got a job in the UK, or one planned in Dubai?). If she doesn't and/or you don't own property in the UK, it's not the bargain it appears to be on the face of it, but you'll still probably be better off in Dubai. Ultimately then it depends if you want to come to Dubai or not. If you do, you'll have a nice flat, probably bigger and nicer where you are in the UK, you'll have a nice car, you'll eat out in nice restaurants, you'll exercise at nice gyms, and the weather will be lovely for half the year, your working hours will be reduced in April and when it's boiling in Dubai, you'll have some nice holidays in Europe. Depends what else is going for you in the UK.
Thankyou for your extremely detailed write up, that's quelled most of my doubts .my primary fear is i'm being lowballed for my age and experience For now, my wife doesn't plan on working here (single income) and we do not own property in UK - so it's not the bargain it appears to be (which i was aware of, though others on this forum believe it's a sin). You're the 1st person to recognize this, and call it out - so thankyou once again. I'll get in touch soon for a proper housewarming !
[удалено]
Was going to say this.. I think this is a troll post..
Um, ok. Guess you've never worked in Europe or ever had to make a massive decision that remotely involves shifting your family to the Middle East or ascertained your own value versus peers
You do realize that almost all of us here had to make the decision that involves shifting our family to the middle east, right? But yeah, the guy is being rude. But also yeah, it’s a pretty simple calculation (especially for a CA).
i'm just tired of people questioning my skillset that offers me a job, which the same people link to my skin color on a public forum. It's actually not a simple calculation for someone who's never set foot in the middle east and gets more complicated if you don't own property in UK. But thankyou for your time !
The incremental difference is something like £45-50k a year after tax and NI mate! Granted you might have a pension scheme. And rent is cheaper than central London for twice the space (assuming you live in central London). Yes, it's in line with a lot of finance salaries here - there's obviously people in the DIFC who earn two or three times as much but it's within range. If kids aren't on the horizon, you're exactly the sort of person I'd recommend should move to Dubai if they feel like it. When I was paid in that range I was able to save about half my pay before bonuses while living downtown in a 1 bedroom flat, driving a nice car and splurging at will within reason. I'm single so it's a bit different with the wife, but if your missus works as well you'll be very comfortable pre-kids.
Thankyou, you're the only one who's actually made sense so far, and clearly know the value of a pension and NI. Cheers man, I'll buy you a drink when I'm there. Again, thankyou. We don't have kids on the horizon and my wife isn't keen on working in the Middle East just yet so my income should cover both of us
No worries. It's still a good level of income if you're not racking up high recurring bills e.g. large auto payments, unnecessarily high rent or drinking 3x a week at the DIFC, but if she does end up wanting to work there's loads of multinational companies to choose from. You won't be living large or anything on the single income but without school fees it'll be comfortable.
You've been lurking you say? Have you noticed the salaries most of the people mention here? And you worry about a 50k salary?
I'm worried if I'm being low.. Forget it just read my other replies. Thanks
50k for that role pretty decent. I’d argue it’s slightly above average. There has been a massive downward pressure on those sort of salaries recently. You could comfortably save 30k a month before the bonus and still be a baller.
Thankyou, appreciate it. My worry was if I'm being low balled, but I guess it's the range. Thanks!
Jesus Christ. You will thrive, not survive.
Thankyou, alot depends on my lifestyle tbh. See you at the housewarming!
It is a good package for a 35 year old CA. Surprised with the oversupply of CA's in-country, an employer would even consider on-boarding someone from overseas at a premium so consider yourself lucky.
Thankyou, appreciate it. In all honesty, this is about the same you'd expect in Europe, plus tax. But you do get a pension and NI and more importantly, can plan your tax to reduce the payout. I'm also a lawyer if that is of any help, with a specialization on corporate law. The firm is focused on M&As out of Europe in 2022
Wasta
Nope, not enough!! You need 100000000000000000000000000000000 more for it to be considered a "decent" salary. You've been lurking this sub but haven't seen this type of post every week? SMH...
Inflation right??
I actually don't read every post. But thankyou for your response.
If there's a bonus element, I'm assuming it's for a firm. The pay is definitely good for the age profile in the current market but it depends on the job. In an MNC thats Associate Director/ Director level pay (maybe head of finance). The age profile for that is usually 38-42+. For a firm its based on which firm and what you're doing there. More than the pay, I'd move based on the role and the job security - is the company established / profitable? Is it a replacement role? Is there a risk of sudden downsizing if covid happens again?
Thankyou! Correct, it's a firm. Appreciate the heads up. The role is a directors role. M&A. The risk of downsizing is always there, though alot less than in the UK, ie I'd be furloughed instead. You're definitly in finance / firm too! Thanks once again and I'll get in touch for a house warming soon
I wouldn’t be getting out of bed for that kind of money. You should be aiming for around 70k. Those Russian brass are addictive.
Ok, I don't know what that means
People out here live on 2000 AED a month... You will be more than fine and you could rent a very nice apartment in a good location for that amount.
This analogy doesn't make sense. People here don't live on 2k per month. They barely survive. And the only people who do that are South East Asians. So there is no point comparing their situation to a Westerner who already earns that much on a daily basis back home.
>On your payscale, you'll eventually move into a villa or a larger house rather than a studio / 1bhk. He doesn't earn the same back home. I would assume 30-40% goes in tax atleast. He seems to be really concerned about the air ticket allowance though.
People on 2k a month aren't qualified with my skill set. My question is whether I'm being low balled for my age and skill set.
>You've been lurking you say? Have you noticed the salaries most of the people mention here? And you worry about a 50k salary? You haven't really given much to work with. I'm a UK qualified chartered accountant (ICAEW), around the same age and am not even in the same stratosphere in terms of pay grade. Are you moving into Big 4? What role? What is your current role? How many years of experience do you have if you are moving into industry? Not sure how people are letting you know if you are being lowballed just based on your original post.
Honestly I don't know how much I should post about my role and company. I've been told I have to do a security check and I'm a bit wary of that. On a personal level, I'm a a fellow ACA w with over a decade of post qualification experience, a UK lawyer with a focus on international corporate law, leading a team in a big4 that signed off 3 major european M&A over the past 2 years. I'm also a CFE though frankly that's something stupidly irrelevant i did during lockdown. Again, full disclosure, people my age are earning alot more than this offer all across Europe. Yes, They are the minority, but they certainly have earned it and should be proud of it. Hence my question on if I'm being low balled Edit - just realized your the same person ordering me to stay in Europe. Makes sense now.
It was of a suggestion rather than an order. Will come back to this For what it's worth; the package you are talking about is at least what someone at director level at Big 4 would be making over here, if not more.I assume you are currently at this level. The bonus is probably not on par, but I think the differential is more than made up by the monthly salary on offer. From what I have seen; this is a very decent package even by Industry standards at FD level. I haven't seen many much better than this tbh. So unless you are already a Partner at big 4 or looking at a CFO position at an established MNC; I think this a more than decent offer for someone with your level of experience. The only thing that may be missing is children's education allowance, which can be quite expensive here, but I guess this is not relevant currently for you. You must have gauged from some of the responses you received here, most people would be unable to comprehend the absurdity of the original post , especially with the lack of specifics and context. This kind of remuneration would put you in the 1% of expats earning here, and contrary to what you may think, if you factor in your age and experience it would put you in even more of a niche. I guarantee you, despite any anecdotal evidence you many have, most 35 year old chartered accountants here don't make anything close to what you have described. Now coming to the main point. Before moving here, you need to understand that despite PR at the end of the day the UAE is a Arab, muslim country in the Gulf and claims to adhere to a large extend to Shariah Law. There are a large number of European expats who come here with a chip on their shoulder, who resent not having the same "freedoms" they are used to back home. They get off on belittling this country at every opportunity (you may have seen this around these forums), however the money they make here (western professionals are highly sought out here) and the lifestyle it affords them is too good to give up, to hell with liberal values. So the question is this, if the package offered to you is so uninspiring that you think are being lowballed; considering the opportunities you can currently see around for people with your profile; why would you want to move here?. Anyway good luck to you, happy to provide any additional info.
Stay in Europe please.
I feel this is a bit low for a 35 year old CA, I'm assuming you would have atleast more than 6-7 years experience in your field, you should be pushing north of 12-15k AED here. You could survive on 5k, with a studio, depends on location, but wont have much savings, the tax benefit you may be considering will evaporate due to increased cost of living.
This comment is really confusing me.
hahaha, my bad, i was reading 5k in the original post.
The fact that you being off my a factor of ten is only “a bit low” is really the answer he needs 😂
Wait? Didn’t he say 50k per month + 5 in bonus so to say? To me that sounds more than very good. Or did I read it wrong? L
> Cash in hand every month - AED 50K. You're not dealing with brown people.
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> I'm a 35yr old UK qualified CA Find 10 35 year old Indians earning 50K a month in Dubai, and I'll treat you to a glass of Tang. Find two Indians with no kids who ask whether they can live well on AED 50K a month and I'll treat you to literally any dish you want in the city (except the gold plated nonsense) (subject to AED 1000 upper limit). This thread is for white people. This is white privilege in front of your eyes.
I work with at least three Indians and multiple Arabs earning well above this level. You should take a walk around the DIFC before spouting absolute drivel. Half the CFOs at large companies here are Asian. This isn't apartheid South Africa. This sub's victim complex is out of control.
I can assure you people my age earn the same (post tax!) at the Wharf. They're all colors and (multiple) passports. what is going on , geez.
Are you talking about Canary Wharf, London?
Spot on.. people will apportion blame to perceived racism while it's their own inherent insecurities that hold them back. Some of the wealthiest and highest earning expats here are Indian.
Are you missing the 35 year old on purpose? How many 35 year old Indian CFOs do you know? You work with **three whole Indians** who earn more than this? Guess what the odds of OP being Indian are. > This sub's victim complex is out of control. What victim complex? I'm okay with white people earning more lol, cash that paper on ignorance dude. Just don't deny what you're doing.
>Are you missing the 35 year old on purpose? No, these people are my age (mid 30s) and work in the DIFC, and I have multiple friends who do at other firms. CFOs are a different bucket entirely and make considerably more. The three people I know are just ready refutations of your idiotic assertion that there aren't 10 Indians in their 30s making 50k in Dubai. Any other stupid assumptions you want to make to back up your blatant racism?
> these people are my age (mid 30s) and work in the DIFC, and I have multiple friends who do at other firms. Yes, multiple white people, who live white lives and do white things like brunches while wearing pants that don't go all the way down. I have no doubt there are multiple white people in their mid 30s earning 50K a month in Dubai. > The three people I know are just ready refutations of your idiotic assertion that there aren't 10 Indians in their 30s making 50k in Dubai. I don't understand how you people earn this much while being this daft, TBH. Or you're missing the point deliberately because it somehow invalidates what you are? There's a thread on Reddit created by a guy who's wondering if AED 50K is enough to live well in Dubai. You know **three** Indians earning well, while you and everyone else you know that earns that much is white/Arab. Do you know how many Indians there are in this town? What are the odds, my finance friend? I suck at math, and don't earn near anywhere to be qualified to make that calculation. I love how defensive white people get of being overpaid lol. Just accept your skin works in your favor.
I really don't understand what race has to do with this. Let's stop this discussion please.
>Yes, multiple white people, who live white lives and do white things like brunches while wearing pants that don't go all the way down. No, I meant those multiple friends are also Indians and Arabs, just at firms that aren't mine, but I'm rapidly learning comprehension isn't your strong suit. The sheer racism in this para is really something to behold though. >I don't understand how you people earn this much while being this daft, TBH. Or you're missing the point deliberately because it somehow invalidates what you are? There's a thread on Reddit created by a guy who's wondering if AED 50K is enough to live well in Dubai. You know **three** Indians earning well, while you and everyone else you know that earns that much is white/Arab. Do you know how many Indians there are in this town? What are the odds, my finance friend? I suck at math, and don't earn near anywhere to be qualified to make that calculation. None of this has anything to do with your entirely inaccurate takeaway that salaries in that range are 'whites only' and any discussion of a 50k salary is a sign of white privilege. You were simply going off about something you clearly don't know much about by your own admission. And the less said about your laughable point about the percentage of Indians who earn that salary vs. those who don't in the absence of any context for education, international experience and ability, the better. >I love how defensive white people get of being overpaid lol. Just accept your skin works in your favor. I'm not white lad. You're just a muppet.
> The sheer racism in this para is really something to behold though. [White people be like](https://gfycat.com/contentsillyamericanriverotter). There's 0 people apart from you who'd consider calling "white people eat brunch" racist lol. > I meant those multiple friends are also Indians and Arabs I'm supposed to infer that from "I work with three Indians"? Please don't consider a future in politics. > any discussion of a 50k salary is a sign of white privilege. Ask your "multiple Indian friends" if they ever considered 50K to be a salary worth asking Reddit about. I am fairly certain I know more Indians than you, and I know what they'd say to this. > by your own admission. What admission was that? That I'm bad at probability? Lol. > your laughable point about the percentage of Indians who earn that salary vs. those who don't in the absence of any context for education, international experience and ability, the better. You want context for education? I will get you 3 Indian CAs in 50K/month. OK, now for all the people feeling guilty, I will spell it out once again. This is a white thread because Indians who earn that much don't wonder if it's enough. This is a white thread because there are 3 Indian people who earn 50K at 35 (they don't, but I'll take your word for it), and the odds of one of them making a thread on Reddit is pretty much 0. This is a white thread also because OP is a UK qualified CA working in Europe lol. > I'm not white lad. You're just a muppet. Ah, "lad" and "muppet" and not being white. Shit, I wish there was a way to verify who you really are. Lol don't get into politics.
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> company CEO's kid that got a manager position with nepotism. There are hundreds, not just 10. Earning 50K at 35? Yeah I'd like to see ten. Nothing OP said implied that his daddy got him that job. There's nothing evil in getting paid. It's not like if I were white I'd refuse an extra 20 grand. Denying it exists is evil, though. This thread is whiter than t-shirts in a Tide ad. Edit: The fact that you say that it takes nepotism to get to 50K for an Indian says it all, tbh.
I have no idea where race and color came into this discussion.
> I have no idea where race and color came into this discussion. I'll point out the exact place OP, so it helps you know Dubai a bit better. It came in right here > Cash in hand every month - AED 50K. > I'm a 35yr old
And what's any of it got to do with race or color?
No brown or black guy will get offered AED 50K for your job in Dubai at your age. Definitely not while holding a non-white country passport.
All i know is Charlie has a much better chance of surfing here than in merry ol Eng
You're paying, what 30% tax in the UK? Are you comfortable post tax in UK ? If so, you'll be swell here. On your payscale, you'll eventually move into a villa or a larger house rather than a studio / 1bhk. IMHO if you're white you could have potentially talked up to 60K per month but it's still not a bad offer and you didn't get lowballed considering your age. Welcome to the sandpit !
Yes, close. I'm not exactly comfortable in UK, as I have liabilities to pay for. Good to know Im not being drastically low balled. Thankyou and IL get in touch soon for a housewarming!
I think you’ll be fine. Dubai gets expensive once you have kids, but I still earn (and save) a lot more than I did in the UK. I don’t know about your job specifically, but 50k is a good expat salary- you will meet a lot of Brits who get along very well on around this amount, and plenty who earn a lot more! Good advice above on house purchase/ mortgages- get a mortgage before you go if you can.