Jul 17, 2016
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From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
also interested.
also interested ...
~$145,000 1st year post-mba, tax 0%
Any information on the base/bonus/benefit breakdown?
Essentially the same as the US offices. So if you're coming from Europe you'll get a very decent bump in base and bonus first, and then get to keep the bulk of it because of the basically non existent taxes. Not sure what you can expect in terms of profit sharing, as in absolute numbers.
If you want specifics I'll ask a buddy of mine, he got asked to move there and knows the figures for 2016
I know that OW has the highest salary in Dubai. Don't know exact figures.
MBB salaries post-MBA compensation isn't always the same as US across the board, right? Interested in SE Asia since I have family there, but was told to base in US first then seek to transfer. Just know competition would be less harsh applying abroad, leveraging my dual citizenship and culture, but also would much prefer west-equivalent salary of course.
No, developing markets generally have the lowest salaries, US the highest, Western Europe somewhere in between. Not sure if your approach is correct to applying in US and then transferring. At my firm when you permanently transfer, you'll be put on that office's compensation. For temporary transfers you'll keep your home-office salary.
Thanks for that insight. Yes I'd be looking for a temporary assignment 1-2yrs abroad. And having that said, making US comp in SE Asia would be incredible given steep exchange rate. Easier said than done to break into a MBB office Stateside regardless of course.
Currently MBB who has worked in Dubai:
Monthly salaries for entry level (BA/A/AC) are ~25,000 AED and bonus from 5-30% of your annual comp For post-MBA, monthly salaries are ~45-50,000 AED and bonus from 10-40% of your annual comp EM/PL levels monthly salaries are ~55-60,000 AED and bonus from 20-60% of your annual comp
AED is pegged to USD at 1USD : 3.67AED
Exactly. What your post demonstrates is what few people know - the highest consulting salaries in the world pre-Principal are in Dubai*.
*Not even taking into account the 0% tax. Have a shit ton of debt? Spend 2 years doing consulting in dxb.
Currently working at the SC level for Tier 2 Strategy firm in Dubai. All numbers are yearly - Base salary is $80,000
- Housing Allowance: $15,000 ($22,000 if you have kids/married) - Bonus: 20% of base salary (performance based) - Home leave allowance (flight tickets to your hometown): $2000 per employee and family member per year (to North America - depends on the distance to your home country)
Do they give you any car / transportation allowance ?
Looking for insight on this. What are post mba starting salaries at mbb Dubai? Does it vary tremendously among the three? Your salary (The Who who posted above me) seems on the much lower end of what the posters above suggested
Base Salaries are the same in Dubai except you get to exempt 108K on taxes if you are a US citizen. so you only pay taxes on a portion of your salary.
I was told that MBB do not pay housing allowance (not sure how this could be different if moving from Europe Or US). you get relocation and signing bonus as well.
American salaries, sometimes a tad higher. Tax benefits only for non-US citizens. Same across the three.
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