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Re: Middle East Remuneration (Finance) [#permalink]
06 Jun 2008, 14:02
I'm from the middle east (Kuwait, specifically .. located right next to Saudia Arabia) and I work in Investment Banking right now in Kuwait!
I know for a fact that Saudia Arabia and Kuwait both are Tax Free .. No income tax, no sales tax .. nothing .. I only got to know the word tax when I moved to study in the US 7 years ago.
I guess for a post-MBA manager/VP position at an investment bank in KSA (Kingdom of Saudia Arabia), you will be paid anywhere between 20,000 to 50,000 Saudi Ryal a month .. again tax free and excluding any bonus.
The amount depends upon your experience, how bad they want you, and how large the investment bank is.
Be aware that life in Saudia is totally, completely, and largely different than life in Dubai, Qatar, or Kuwait. Saudia Arabia is a very exceptional case in the Gulf region. Don't expect much entertainment.
Final decisions are in: Berkeley: Denied with interview Tepper: Waitlisted with interview Rotman: Admitted with scholarship (withdrawn) Random French School: Admitted to MSc in Management with scholarship (...