Formulating a target salary
#1
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Joined: May 2014
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Formulating a target salary
Hello!
I've had my first interview for an IT job @ an oil production firm in Doha, and would like to have a salary indication ready for when they ask (if I get to that point).
I've used the "is it worth it" guide to put a target budget together - the question mark comes in for the "savings" category. Of course I want to save as much as possible.
Some details...
Assuming the "is it worth it guide" has guided me correctly ... I would be quite happy with an all-inclusive package of 42750 QAR/mo... and wouldn't want anything below 37000 QAR/mo. Note that they don't have a real pension - they instead just give a 10% "allowance" on top of the salary. So the range could be seen as 33k - 38k +pension. (Probably not exactly as the 10% may not be based on the housing/transport allowances... but you get the picture)
So with all that info -- can anyone shed light on my target range... am I aiming too high? Online salary websites seem to have very limited and broad-ranged salary data, but they point to a range of 25-30k QAR/mo, which tells me the hiring manager might think I'm nuts to ask for 45k (assuming a counter would take place).
Appreciate any thoughts.
I've had my first interview for an IT job @ an oil production firm in Doha, and would like to have a salary indication ready for when they ask (if I get to that point).
I've used the "is it worth it" guide to put a target budget together - the question mark comes in for the "savings" category. Of course I want to save as much as possible.
Some details...
- I have roughly 4 years of experience that directly apply to this job, including a few certifications.
- My current before-tax salary (in Denmark) equates to 33k QAR/month.
- I'm American, single, 32... not a big party lifestyle.
- Annual flight home is provided as a standard benefit
- The job is in the oil production industry
- It's direct-hire as an employee, not contractor etc.
- Health insurance is provided.
- The job has responsibility over several applications... that they are up and running, do what they need to do, are changed/enhanced as needed... with a touch of development work as well. (This isnt a "my keyboard doesnt work" IT role)
- An end-of-service bonus is offered, basically 1 month salary. Annual bonuses are offered based on company + personal performance. Annual increases given according to my performance.
- I work for the overall same company here, just in a different sector. I have a high performance record which the hiring manager has full access to see. The Doha employee handbook indicates I would get a housing + transport allowance suited to my job level, but no idea how much. Accom/car won't be provided.
Assuming the "is it worth it guide" has guided me correctly ... I would be quite happy with an all-inclusive package of 42750 QAR/mo... and wouldn't want anything below 37000 QAR/mo. Note that they don't have a real pension - they instead just give a 10% "allowance" on top of the salary. So the range could be seen as 33k - 38k +pension. (Probably not exactly as the 10% may not be based on the housing/transport allowances... but you get the picture)
So with all that info -- can anyone shed light on my target range... am I aiming too high? Online salary websites seem to have very limited and broad-ranged salary data, but they point to a range of 25-30k QAR/mo, which tells me the hiring manager might think I'm nuts to ask for 45k (assuming a counter would take place).
Appreciate any thoughts.
Last edited by stormwynd; Jul 23rd 2014 at 9:42 pm.
#2
Re: Formulating a target salary
I think they will make you an offer very similar to your before tax salary that you are getting with them now, only with some differing allowances made for the new location, perhaps for accommodation etc.
Health insurance and EOSB are legally mandatory. I can't comment from experience in your particular industry but I would be surprised to see a 30% rise on your current salary.
But you never know I guess.
Health insurance and EOSB are legally mandatory. I can't comment from experience in your particular industry but I would be surprised to see a 30% rise on your current salary.
But you never know I guess.
#6
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Joined: May 2014
Posts: 22
Re: Formulating a target salary
Thanks. I guess I'm just trying to find where the line in the sand is... there are posts all over this forum of "I wouldn't move to Doha for X piddly amount"... "the only reason to take a job in the ME is to build savings" ... etc.
Anyhoo, in my current situation I can tuck away about $1k USD per month living a comfortable life. Judging by the replies here, if I take a Doha salary roughly equal to my current pretax pay... my savings 'potential' would be $3k USD per month.
Flights anywhere outside the ME don't look cheap at all so any number of weekend trips would be quite expensive... overall tripling my savings capability is still nice though I guess. I was just hoping for something shinier. Yes, from greed :P
Anyhoo, in my current situation I can tuck away about $1k USD per month living a comfortable life. Judging by the replies here, if I take a Doha salary roughly equal to my current pretax pay... my savings 'potential' would be $3k USD per month.
Flights anywhere outside the ME don't look cheap at all so any number of weekend trips would be quite expensive... overall tripling my savings capability is still nice though I guess. I was just hoping for something shinier. Yes, from greed :P
#8
Re: Formulating a target salary
Thanks. I guess I'm just trying to find where the line in the sand is... there are posts all over this forum of "I wouldn't move to Doha for X piddly amount"... "the only reason to take a job in the ME is to build savings" ... etc.
Anyhoo, in my current situation I can tuck away about $1k USD per month living a comfortable life. Judging by the replies here, if I take a Doha salary roughly equal to my current pretax pay... my savings 'potential' would be $3k USD per month.
Flights anywhere outside the ME don't look cheap at all so any number of weekend trips would be quite expensive... overall tripling my savings capability is still nice though I guess. I was just hoping for something shinier. Yes, from greed :P
Anyhoo, in my current situation I can tuck away about $1k USD per month living a comfortable life. Judging by the replies here, if I take a Doha salary roughly equal to my current pretax pay... my savings 'potential' would be $3k USD per month.
Flights anywhere outside the ME don't look cheap at all so any number of weekend trips would be quite expensive... overall tripling my savings capability is still nice though I guess. I was just hoping for something shinier. Yes, from greed :P
Without being patronising, I think matching your salary would be good, an increase would be great. Basing it on having only 4 years experience, being in an IT type role (which is generally non western in the ME), and the fact that you don't have a party lifestyle. So the normal implied compensation people look for is to make up for an expected 'reduced' lifestyle to what they have now, doesn't apply in your case.
Personally speaking having been on an extended holiday in Denmark last year, I loved the place and wouldn't leave it for UAE especially at 32. I think that another 4-6 years experience, perhaps moving to a more managerial role rather than hands on will be much more financially rewarding at that stage. Career advancement is not generally on the cards in the ME. But at 32 I was much more concerned with having a good time rather than saving so I suppose that is the difference.
#9
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Re: Formulating a target salary
I think you have to understand that everyone is coming from a different perspective and try to make your decision based on your circumstances.
Without being patronising, I think matching your salary would be good, an increase would be great. Basing it on having only 4 years experience, being in an IT type role (which is generally non western in the ME), and the fact that you don't have a party lifestyle. So the normal implied compensation people look for is to make up for an expected 'reduced' lifestyle to what they have now, doesn't apply in your case.
Personally speaking having been on an extended holiday in Denmark last year, I loved the place and wouldn't leave it for UAE especially at 32. I think that another 4-6 years experience, perhaps moving to a more managerial role rather than hands on will be much more financially rewarding at that stage. Career advancement is not generally on the cards in the ME. But at 32 I was much more concerned with having a good time rather than saving so I suppose that is the difference.
Without being patronising, I think matching your salary would be good, an increase would be great. Basing it on having only 4 years experience, being in an IT type role (which is generally non western in the ME), and the fact that you don't have a party lifestyle. So the normal implied compensation people look for is to make up for an expected 'reduced' lifestyle to what they have now, doesn't apply in your case.
Personally speaking having been on an extended holiday in Denmark last year, I loved the place and wouldn't leave it for UAE especially at 32. I think that another 4-6 years experience, perhaps moving to a more managerial role rather than hands on will be much more financially rewarding at that stage. Career advancement is not generally on the cards in the ME. But at 32 I was much more concerned with having a good time rather than saving so I suppose that is the difference.
There's nothing wrong with Denmark necessarily, although I'd guess you didn't come holiday here in the winter... and yes I'd agree summer can be paradise. Last summer was the best year here out of the last 5. It can also be cloudy and rainy and then dump you right back into the dark winter.
Anyhow, my main reason for moving on is simply that I've been here for 5 years now and I really want to move on, experience more places, people, culture.
#11
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#12
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Re: Formulating a target salary
The company has gone silent after the first interview, so I'm assuming that's a dead end.
Now going after an opportunity in Dubai; can I leave all my figures in "is it worth it..." the same? Or are there drastic differences between costs of Dubai vs Doha?
Thks
Andrew
Now going after an opportunity in Dubai; can I leave all my figures in "is it worth it..." the same? Or are there drastic differences between costs of Dubai vs Doha?
Thks
Andrew
#13
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Re: Formulating a target salary
If you'd budgeted 10,000 a month for accommodation in Doha, you'll find something for 10,000 in Dubai. Easily.