UK accountant seeking advice on move to ME
#1
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Joined: Apr 2010
Posts: 2
UK accountant seeking advice on move to ME
Dear All,
I have just joined this website so apologies if I am asking questions that have been asked a thousand time.
I am a Group Financial Accountant currently working in a FTSE 250 broker in the UK. I have been there for nearly 4 years and would like to explore the opportunity of moving ot the ME (Saudi, Bahrain, Qatar). The problem is, I have heard very different opinions about what it is like moving/living in the ME. A Cambridge grad friend of mine who recently got a job with Mubadal (sovereign fund in Abu Dhabi) seemed to conclude that unless, as an accountant, you land a very senior role i.e. Group Financial Acontroller reporting to the FD, moving to ME is not constructive, money wise or career wise. I lived in Jeddah until I was 7 (My dad is a naccountant and ha d ajob out there). I dont remember a great deal but my dad is convinced that me and my wife will have a geart life out inthe ME, better than the UK.
If my totoal remuneration is approx £70k pa here (inc bonus), what should my expectationsbe out there? Is moving to the ME really so attractive anymore, given that Dubai is (apparently) falling aprt and people are coming back to the West? I also hear that the Arabs are not as enthusiastic to pay great expat packages to Westerners anymore as they have invested a lot of money in educating their own people?
Can anyone offer any advice? Until I heard all these conflicting stories, I had my heart set on moving to the ME, but now I am not so sure.
Thanks
I have just joined this website so apologies if I am asking questions that have been asked a thousand time.
I am a Group Financial Accountant currently working in a FTSE 250 broker in the UK. I have been there for nearly 4 years and would like to explore the opportunity of moving ot the ME (Saudi, Bahrain, Qatar). The problem is, I have heard very different opinions about what it is like moving/living in the ME. A Cambridge grad friend of mine who recently got a job with Mubadal (sovereign fund in Abu Dhabi) seemed to conclude that unless, as an accountant, you land a very senior role i.e. Group Financial Acontroller reporting to the FD, moving to ME is not constructive, money wise or career wise. I lived in Jeddah until I was 7 (My dad is a naccountant and ha d ajob out there). I dont remember a great deal but my dad is convinced that me and my wife will have a geart life out inthe ME, better than the UK.
If my totoal remuneration is approx £70k pa here (inc bonus), what should my expectationsbe out there? Is moving to the ME really so attractive anymore, given that Dubai is (apparently) falling aprt and people are coming back to the West? I also hear that the Arabs are not as enthusiastic to pay great expat packages to Westerners anymore as they have invested a lot of money in educating their own people?
Can anyone offer any advice? Until I heard all these conflicting stories, I had my heart set on moving to the ME, but now I am not so sure.
Thanks
#2
Re: UK accountant seeking advice on move to ME
Dear All,
I have just joined this website so apologies if I am asking questions that have been asked a thousand time.
I am a Group Financial Accountant currently working in a FTSE 250 broker in the UK. I have been there for nearly 4 years and would like to explore the opportunity of moving ot the ME (Saudi, Bahrain, Qatar). The problem is, I have heard very different opinions about what it is like moving/living in the ME. A Cambridge grad friend of mine who recently got a job with Mubadal (sovereign fund in Abu Dhabi) seemed to conclude that unless, as an accountant, you land a very senior role i.e. Group Financial Acontroller reporting to the FD, moving to ME is not constructive, money wise or career wise. I lived in Jeddah until I was 7 (My dad is a naccountant and ha d ajob out there). I dont remember a great deal but my dad is convinced that me and my wife will have a geart life out inthe ME, better than the UK.
If my totoal remuneration is approx £70k pa here (inc bonus), what should my expectationsbe out there? Is moving to the ME really so attractive anymore, given that Dubai is (apparently) falling aprt and people are coming back to the West? I also hear that the Arabs are not as enthusiastic to pay great expat packages to Westerners anymore as they have invested a lot of money in educating their own people?
Can anyone offer any advice? Until I heard all these conflicting stories, I had my heart set on moving to the ME, but now I am not so sure.
Thanks
I have just joined this website so apologies if I am asking questions that have been asked a thousand time.
I am a Group Financial Accountant currently working in a FTSE 250 broker in the UK. I have been there for nearly 4 years and would like to explore the opportunity of moving ot the ME (Saudi, Bahrain, Qatar). The problem is, I have heard very different opinions about what it is like moving/living in the ME. A Cambridge grad friend of mine who recently got a job with Mubadal (sovereign fund in Abu Dhabi) seemed to conclude that unless, as an accountant, you land a very senior role i.e. Group Financial Acontroller reporting to the FD, moving to ME is not constructive, money wise or career wise. I lived in Jeddah until I was 7 (My dad is a naccountant and ha d ajob out there). I dont remember a great deal but my dad is convinced that me and my wife will have a geart life out inthe ME, better than the UK.
If my totoal remuneration is approx £70k pa here (inc bonus), what should my expectationsbe out there? Is moving to the ME really so attractive anymore, given that Dubai is (apparently) falling aprt and people are coming back to the West? I also hear that the Arabs are not as enthusiastic to pay great expat packages to Westerners anymore as they have invested a lot of money in educating their own people?
Can anyone offer any advice? Until I heard all these conflicting stories, I had my heart set on moving to the ME, but now I am not so sure.
Thanks
You are not going like me asking this question but what nationality are you?
This place is pretty racist and salaries, treatment and opportunities are set as much by the colour of your skin as they are your skills and experience.
70kGBP is 35k AED/month on current rates... you might get a bit more - maybe 40-50k AED / month but it depends on what you are doing and who for.
#3
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Joined: Apr 2010
Posts: 2
Re: UK accountant seeking advice on move to ME
I'm sorry to say that I think that your buddy from Cambridge is probably right.
You are not going like me asking this question but what nationality are you?
This place is pretty racist and salaries, treatment and opportunities are set as much by the colour of your skin as they are your skills and experience.
70kGBP is 35k AED/month on current rates... you might get a bit more - maybe 40-50k AED / month but it depends on what you are doing and who for.
You are not going like me asking this question but what nationality are you?
This place is pretty racist and salaries, treatment and opportunities are set as much by the colour of your skin as they are your skills and experience.
70kGBP is 35k AED/month on current rates... you might get a bit more - maybe 40-50k AED / month but it depends on what you are doing and who for.
I find this so disappointing. I really had my heart set on going to the ME, maybe I should just stay here. I wanted to move as I have come to a dead end in my current job. I am not learning anything and the person who I work for is horrible and I feel stressed a lot of time. Do you think I should just give up the idea of going to the ME?
#4
Re: UK accountant seeking advice on move to ME
I am originally Indian (so brown sknned) but pretty much grew up in the UK.
I find this so disappointing. I really had my heart set on going to the ME, maybe I should just stay here. I wanted to move as I have come to a dead end in my current job. I am not learning anything and the person who I work for is horrible and I feel stressed a lot of time. Do you think I should just give up the idea of going to the ME?
I find this so disappointing. I really had my heart set on going to the ME, maybe I should just stay here. I wanted to move as I have come to a dead end in my current job. I am not learning anything and the person who I work for is horrible and I feel stressed a lot of time. Do you think I should just give up the idea of going to the ME?
I would avoid local companies - try and find a western company (or at least a western thinking company) who needs someone here. That will be a better route for you.
#5
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Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: UK accountant seeking advice on move to ME
Just to reinforce Millhouse's view--you run the risk of discrimination out here because of what you appear to be. Sad but true. Nevertheless there is a good number of Western companies here who adhere to non-discriminatory practices, so I would target those; and if you end up with a British or British-based company, for example, try to get a contract of employment from their British entity, then you'll enjoy the rights and protections of UK/EU employment law--might even be worth a trade-off in salary. (And don't worry about working out here being employed by a British-based company--providing you stay out for a full tax year (basically) you're income-tax-free, and you should be able to get paid tax free pretty soon after you start work. (Hope I'm not teaching my grandmother how to suck eggs.))
#6
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Joined: May 2007
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Posts: 1,644
Re: UK accountant seeking advice on move to ME
Just to reinforce Millhouse's view--you run the risk of discrimination out here because of what you appear to be. Sad but true. Nevertheless there is a good number of Western companies here who adhere to non-discriminatory practices, so I would target those; and if you end up with a British or British-based company, for example, try to get a contract of employment from their British entity, then you'll enjoy the rights and protections of UK/EU employment law--might even be worth a trade-off in salary. (And don't worry about working out here being employed by a British-based company--providing you stay out for a full tax year (basically) you're income-tax-free, and you should be able to get paid tax free pretty soon after you start work. (Hope I'm not teaching my grandmother how to suck eggs.))
So no matter if you work for a local or a western constract they will both try and screw you.