Need advice ASAP on Big 4 Job Offer!
#17
Just Joined
Joined: Jul 2008
Posts: 12
Re: Need advice ASAP on Big 4 Job Offer!
I would stay in the UK for the time being.
20K is not a great package for your work and there is still huge uncertainty in the market here. If you were to lose your job here - you have no social security protection.
The GBP to AED rate is now changing and potential savings will be less as the pound gains strength against the dollar.
Living in the UAE is expensive - it is a playground for the wealthy for sure; but for the rest of us it can be challenging.
If your motives for moving are to gain some foreign experience and have a bit of an adventure - it is worth considering. However, if you are happy where you are - £42K is a decent salary in the UK and you have far more social benefits to support you if the worst happens.
20K is not a great package for your work and there is still huge uncertainty in the market here. If you were to lose your job here - you have no social security protection.
The GBP to AED rate is now changing and potential savings will be less as the pound gains strength against the dollar.
Living in the UAE is expensive - it is a playground for the wealthy for sure; but for the rest of us it can be challenging.
If your motives for moving are to gain some foreign experience and have a bit of an adventure - it is worth considering. However, if you are happy where you are - £42K is a decent salary in the UK and you have far more social benefits to support you if the worst happens.
#18
Forum Regular
Joined: May 2009
Posts: 136
Re: Need advice ASAP on Big 4 Job Offer!
I recently moved to the UAE, my situation was this, take from it what you will.
I worked for an Investment bank, in London, for 3 years on a contract market at 550 per day GBP. An offer came from Abu Dhabi National Bank for my Murex services (is a niche market trading application) to implement Murex in the UAE for the first ever time. I wanted 35KAED - They offered 24K + 20-30% bonus and 34K (one off payment)
I had to decided - I'd fallen in love with Dubai in 2004 - and always wanted to work here, it was within my specialist field also, my contract could not be confirmed to go beyond Sept 2009.
The rest is history - It is true that the salary is not comparible to my UK salary, however the UK market will take longer to recover, NBAD is secure, Abu Dhabi is secure. I can gain further experience here and my EU rate will be 550 - 700 GBP on my return.
However, it is very expensive here, I had 50K GBP savings to bring over which helped pay the annual rent in Dubai Marina, rent the car, pay for furnishings, going out.
Without the savings or at least 30K AED a month salary, I think it would have been next to impossible.
Although, we live and learn by our own mistakes, this can break you(me) or make you(me)....I took that gamble - but in the murex game, the world is open to me...Insh'allah it will pay off.
The very best to you and I hope it helps to ease your mind at least.
I worked for an Investment bank, in London, for 3 years on a contract market at 550 per day GBP. An offer came from Abu Dhabi National Bank for my Murex services (is a niche market trading application) to implement Murex in the UAE for the first ever time. I wanted 35KAED - They offered 24K + 20-30% bonus and 34K (one off payment)
I had to decided - I'd fallen in love with Dubai in 2004 - and always wanted to work here, it was within my specialist field also, my contract could not be confirmed to go beyond Sept 2009.
The rest is history - It is true that the salary is not comparible to my UK salary, however the UK market will take longer to recover, NBAD is secure, Abu Dhabi is secure. I can gain further experience here and my EU rate will be 550 - 700 GBP on my return.
However, it is very expensive here, I had 50K GBP savings to bring over which helped pay the annual rent in Dubai Marina, rent the car, pay for furnishings, going out.
Without the savings or at least 30K AED a month salary, I think it would have been next to impossible.
Although, we live and learn by our own mistakes, this can break you(me) or make you(me)....I took that gamble - but in the murex game, the world is open to me...Insh'allah it will pay off.
The very best to you and I hope it helps to ease your mind at least.
#19
Forum Regular
Joined: May 2009
Posts: 61
Re: Need advice ASAP on Big 4 Job Offer!
Its too much low.
#20
Re: Need advice ASAP on Big 4 Job Offer!
I am a Newly Qualified Accountant with a Big 4 firm in London.
My current UK salary is £42,000 p.a.
I have been offered a role within a Big 4 firm in Dubai to work in Audit.
My package is:
Basic 9,350 AED p.m.
Housing 4,100 AED p.m.
Transport 900 AED p.m.
Overtime 1,500 AED p.m. (budgeted overtime - over 50 hours a week)
Total 15,850
$2,000 relocation allowance, 22 days holiday, 1 flight home a year,
I am a single guy looking to have a comfortable bachelor lifestyle in Dubai. Would like to have my own rented studio or 1 bed apartment in JBR or similar, and have a good car of approximate value of 80,000AED. I would also like to save 1500 AED per month.
Is The Salary In Line With The Market Or Should I Be Asking for More?
Many thanks!
My current UK salary is £42,000 p.a.
I have been offered a role within a Big 4 firm in Dubai to work in Audit.
My package is:
Basic 9,350 AED p.m.
Housing 4,100 AED p.m.
Transport 900 AED p.m.
Overtime 1,500 AED p.m. (budgeted overtime - over 50 hours a week)
Total 15,850
$2,000 relocation allowance, 22 days holiday, 1 flight home a year,
I am a single guy looking to have a comfortable bachelor lifestyle in Dubai. Would like to have my own rented studio or 1 bed apartment in JBR or similar, and have a good car of approximate value of 80,000AED. I would also like to save 1500 AED per month.
Is The Salary In Line With The Market Or Should I Be Asking for More?
Many thanks!
Last edited by edinburger; Jun 3rd 2009 at 6:12 am.
#21
Re: Need advice ASAP on Big 4 Job Offer!
Do not get sucked in by the possibility of overtime if you are already going to be working 10 hours per day.
I am working 10 hrs/day and once you factor in driving to and from your place of work there is not much time left to do overtime.
On the plus side you save money as there is only spare time to go out at the weekends
I am working 10 hrs/day and once you factor in driving to and from your place of work there is not much time left to do overtime.
On the plus side you save money as there is only spare time to go out at the weekends
#23
Forum Regular
Joined: May 2009
Posts: 136
Re: Need advice ASAP on Big 4 Job Offer!
shiva - I take it you're Indian - It gets my goat when people come out with these shiite lines too, give the boy a slap anyway, perhaps backside of.
#26
Forum Regular
Joined: May 2009
Posts: 136
Re: Need advice ASAP on Big 4 Job Offer!
arent we all.....
#28
Forum Regular
Joined: May 2009
Posts: 136
Re: Need advice ASAP on Big 4 Job Offer!
D'oh
Sorry to hear that!!!
Only joshing with ya.
Sorry to hear that!!!
Only joshing with ya.
#29
Forum Regular
Joined: Jan 2009
Posts: 122
Re: Need advice ASAP on Big 4 Job Offer!
Put it this way... I'm a PA and I'm on 16k per month before allowances and I get accommodation provided foc. (with allowances c.23k). So I would definitely not come out for that paltry amount!!
#30
BE Enthusiast
Joined: May 2009
Location: Back in the best hemisphere...
Posts: 474
Re: Need advice ASAP on Big 4 Job Offer!
I am a Newly Qualified Accountant with a Big 4 firm in London.
My current UK salary is £42,000 p.a.
I have been offered a role within a Big 4 firm in Dubai to work in Audit.
My package is:
Basic 9,350 AED p.m.
Housing 4,100 AED p.m.
Transport 900 AED p.m.
Overtime 1,500 AED p.m. (budgeted overtime - over 50 hours a week)
Total 15,850
$2,000 relocation allowance, 22 days holiday, 1 flight home a year,
I am a single guy looking to have a comfortable bachelor lifestyle in Dubai. Would like to have my own rented studio or 1 bed apartment in JBR or similar, and have a good car of approximate value of 80,000AED. I would also like to save 1500 AED per month.
Is The Salary In Line With The Market Or Should I Be Asking for More?
Many thanks!
My current UK salary is £42,000 p.a.
I have been offered a role within a Big 4 firm in Dubai to work in Audit.
My package is:
Basic 9,350 AED p.m.
Housing 4,100 AED p.m.
Transport 900 AED p.m.
Overtime 1,500 AED p.m. (budgeted overtime - over 50 hours a week)
Total 15,850
$2,000 relocation allowance, 22 days holiday, 1 flight home a year,
I am a single guy looking to have a comfortable bachelor lifestyle in Dubai. Would like to have my own rented studio or 1 bed apartment in JBR or similar, and have a good car of approximate value of 80,000AED. I would also like to save 1500 AED per month.
Is The Salary In Line With The Market Or Should I Be Asking for More?
Many thanks!