Dubai - Base & Bonus

Would anyone who is actually in the region / worked there in the last 2-3 years be able to comment on the total comp and the comp structure there?


By comp structure, I mean the split between Base, Bonus and other allowances. I have an offer from a smaller shop which is known to match the comps of BB/EBs and want to have some fresh data points.

 

you are a great example of what's wrong with this forum. You come here asking for salary info but don't provide your own input. How about you share yours first and then ask others? ffs such a c*nt

 

OP says he has an offer. Usually, offers do state Base salary and a target bonus %. 

 

This is at a shop where I interned at another city in a different region. They are giving me an option to choose to join full time either in that city, or in the Middle East.

I am yet to have the conversation with the HR about the details of both the offers, and I posted in this forum, so as to go into that meeting well informed.

But sure, feel free to take it out on someone for expecting to get some data points :)

 

OP here. Now that I have the details from the firm I'm working at, and another two firms where I got offers from, here are the salary details. However, I still don't have proper data points about bonus. Maybe I'll try to cover it after my first bonus cycle.

Base pay : Anywhere from 95k usd to 110k usd depending on the firm. Remember in middle east terms this number equals both your base pay and housing allowance. ie, the money you get in your bank account every month. Obviously no income tax in dubai. But if you're a US and, you might owe some taxes on anything you earn over 100k I think. Not sure about the proper numbers, but you can easily find them online.

 

That's really nice considering the fact that you'll pay way less in taxes.

Do you know what the IB culture is generally like over there? Better than say NYC?

I mean u just got an offer but in case you know….

Do you have to be well versed with the language there? I’d imagine most deals from around the Middle East ?

 
Most Helpful

Natus magni ab voluptatibus. Optio ex mollitia dolor.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”