![]() ![]() “I am content, I feel very grateful for this very comfortable salary, but it is nowhere near what people assume business school professors make.” ![]() Her starting salary was £32,000 ($41,357) in 2010 but with overtime and teaching overseas, she earns around £50,000 ($64,621) per year. ![]() She moved to the UK from China, did a PhD and worked briefly for a consultancy but now lectures in Asian business studies and teaches MBAs around the world. It's a cut throat environment and the turnover rate is extremely high.” “I’d had enough of the fantasy – there are people who make a lot of money here in the financial and property sectors, however in my experience they're few and far between. “Unfortunately, I joined another sinking ship.” He eventually returned to London, after another job change, but was lured back to Dubai when the property market picked up in late 2013. His next move was to a property developer but it was the start of the financial meltdown “and by May 2009 the company went under and I was out of a job.” While some earn a lot of money, people can also rack up hundreds of thousands in debt, he says. “There was no salary (just commission) and the only support I had was AED 3000 ($816) per month for living expenses, which didn't actually cover the full costs.”Īnd, Dubai is an extremely expensive place to live. When he arrived, however, he found a ‘boiler room’ type environment, “full of egotistical maniacs who'd seemingly come to Dubai to run away from issues in the UK,” Prescott says. “I'd graduated from university and saw an advert online to earn £50,000+ from uncapped commission in the financial sector in Dubai, tax free! The company literally sold me the dream,” he says. Ed Prescott moved to the Emirate from London in 2008 at just 22 years old, expecting to make his fortune. ![]()
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