Aramco Salary Scale Pdf Drawing
I am toying with the idea of accepting the job with Aramco and relocating to Saudi, if offered. I submitted an application last month, ASC called to set up the interview, which is Wed.Now, being honest, the only way I planned to accept this job was because it was lucrative.
My father worked three years and just came back. I think he was working for a joint venture and was paid about 3.5xs what he made per year in US.I have a masters and 10 years experience.
I am wondering what the salary expectations are for Americans with Aramco? It would be hard pressed for to accept a job that isn't an X multiplier of my current salary. I guess it depends on the profession (geologist vs.
Petro engineer vs finance). You most likely will not make that much working directly for Aramco as an expat employee.
3.5 times a US base salary I've never heard of and sounds out of the normal & extreme! I do think the JV's may pay more than working directly for Aramco.When I was there in a finance role I was paid 35 to 40 percent above what I would make in the US plus a 10 to 15 percent commodity adjustment (cost of living adjustment). The other item you have to consider is the foreign earned income tax exclusion for US individuals. You only pay federal taxes on income earned over $102K or somewhere around there. Also keep in mind that Aramco has a generous pension plan for US employees.
If you don't mind me asking, what role will you be interviewing for? I am interviewing for the I am excited about the opportunity, but was more looking forward to the financial benefits. I would refuse to live in the local community and would have to be guaranteed living space on one of their compounds.
I am prepared to be disappointed, but I'm told on other boards that they've worked with Aramco for many years and it's always very very lucrative for native born Americans. Anyway, any more info you can provide, the better in regards to salary. I'm going to let them make me an offer if they choose to but I do pretty well here living in DC, with low six figures. I kind of wanted pointers of what to expect and what should I ask for. No harm in interviewing and see what happens.The old calculation use to be: your current pay stub. + expat prem (30% to 50% x current pay) + commodity adj (10% to 15% x current pay).They'll ask for your current pay stub if they think they may make you an offer. I assume they prob do some market comparison to a candidate's current pay to make sure they're align with market based on experience & qualifications.Vpainter, not sure I understand the above statement? Have they done away with the expat premium?The tax savings alone wouldn't incentivize most US people to make the move.
If you were thinking you were going to double or triple your salary - that's not the case. Even when oil was at $80 to $100 US expats were not taking that big of jump in base pay vs. I went when oil was around $80.The pension is good but have to stay at least five years or more to make worth your while.
Vpainter is right about the annual salary increases - they were generous when I was there. Not sure if quite as good now with the depressed oil prices but maybe? The other financial benefit at least for us was the living cost savings. No mortgage (assuming you don't keep house in US), utilities, or other living costs we incur here in US. Our living costs there about half of what is here in the US. If you live on the Aramco compound they take small amount out of paycheck for housing.We also went for the unique lifestyle, travel benefits, and more family time. It took about two months to sort through the process.
Interesting, I actually had the people from Saudi reach out to me directly. There were some issues with Aramco Services here in Houston. Anyway, I went through the interview after the first two times they stood me up. Two weeks later, I get a notification email that I've been offered the job. Currently pending my job offer.
Aramco Salary Scale Pdf Drawing Pdf
They made reference to this: 'A key benefit of working for Saudi Aramco is the opportunity to build your personal wealth.' They know it will take top money to pull expats in technical disciplines with advanced higher education. If not, I'll move on. Saudi Arabia culture vs. The US is polar opposites and I believe they recognize that.
I am pending the offer, but it needs to be lucrative. Its' been about two-three weeks since my interview.
Distribution of Salaries in Saudi Arabia All Jobs Abount These Figures: Salary Range, Median and PercentilesSalaries in Saudi Arabia range between 2,279 SAR per month (minimum salary) to 74,562 SAR per month (maximum salary).The median salary is 16,333 SAR per month, which means that half (50%) of the population are earning less than 16,333 SAR while the other half are earning more than 16,333 SAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.Closely related to the median are two values: the 25th and the 75th percentiles.
Reading from the salary distribution diagram, 25% of the population are earning less than 8,375 SAR while 75% of them are earning more than 8,375 SAR. Also from the diagram, 75% of the population are earning less than 42,721 SAR while 25% are earning more than 42,721 SAR. What is the difference between the median and the average salary? What should you be looking at?Both are indicators.
If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs.
Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour.
To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.