Dubai Associate Comp
What's the typical compensation range for Associates in Dubai? Asking mainly for BB/EB or even regional players
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Based on the most helpful WSO content, there isn't specific data in the provided context about Associate compensation in Dubai for BB/EB or regional players. However, compensation in Dubai often aligns with global standards for BB/EB firms, with potential adjustments for tax-free income and cost of living. For precise figures, you might want to explore threads or reports specific to Dubai on WSO.
I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?
Sources: https://www.wallstreetoasis.com/forum/investment-banking/qa-md-in-ma-and-capital-markets-with-bulge-bracket-and-boutique-experience?customgpt=1, Q&A: MD in M&A and Capital Markets with Bulge Bracket and Boutique experience, BB/EB compensation in Madrid, Boutique vs. Bulge Bracket in a Recession, David and Goliath: The Boutique and The Bulge Bracket
Yearly base for Associate 1 would start from $115k up to $170-180k for highest paying players
115k is very low for assoc 1 unless your talking about mm or dubai based players.
Dubai does not have 40% income tax. Those numbers seem to be better than the U.S.
I know. Higher end of his range is what I expected for assoc 1, because I know people in MBB dubai 3-4 YOE get you around 135k-140k so I expected IB equivalent to be slightly more which is why I am assuming he is not talking about BB/EB for the low end of his range.
Low end of range is for local boutiques. You do have some weaker paying international IBs coming in at $120k (Standard Chartered, HSBC, BNP).
Incomparable with consultants who usually only make 10 - 20% bonus, therefore, total comp for IB would still be stronger, though weaker base.
They are not getting 135k - maybe USD equivalent salary. Typically MBB at 3-4yrs are making net 25k AED a month
Incorrect
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