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endo

Joined: 09 Mar 2004 Posts: 64
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Posted: Fri Mar 12, 2004 10:07 pm Post subject: Can I actually make money in China? |
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Hi everybody
I will be graduating this spring and I am looking to teach English oversea's for a couple of years before I begin my Master's degree.
China is my number 1 choice (specifically Shanghai), as I would like to pick up some Mandarin and use China as a strating point for a larger Asian backpacking advebture.
With this in mind, is it realistic that I could save about $75,000 Canadian over two years teaching english in China?
If so where where would be the best city to look for work?
and
Is there a market for private lessons on top of your job and how much can one charge?
Thanks everybody, I appreciate the assistance. |
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The Great Wall of Whiner

Joined: 29 Jan 2003 Posts: 4946 Location: Blabbing
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Posted: Fri Mar 12, 2004 10:23 pm Post subject: |
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The short answer is: hahahahHAHA! dream on buddy!
$75,000 in two years? Are you for real?
Most teachers in China (Except maybe Dashan) make anywhere near that coin, let alone be able to save it.
It is theoretically possible to save that kind of money in Japan, but you have to work your little behind off with no rest or time for yourself what-so-ever.
I earn about 6000 Yuan a month. That is less than $1,000 Canadian. This is good money where I am, a small city that is very cheap to live in.
I actually am saving money here, living off of about $500 a month and keeping the rest under my bed.
In Korea I was pulling roughly $2,000 a month, but I was spending almost all of it every month.
Taiwan earned me about $2,000 a month also, but I had expenses so didn't save a nickle.
In Japan I earned over $4,000 a month, but Japan is so expensive I actually went into a small hole.
This is all for working "normal hours". No overtime, no special classes, no privates.
Do the math then re-consider your money goals. I would suggest the Middle East, but now is not a good time to live there for a million and one reasons. |
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Gonzo
Joined: 08 Mar 2004 Posts: 80
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Posted: Fri Mar 12, 2004 10:27 pm Post subject: |
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Save that much? Unlikely to impossible. The exception would be international schools, of which there are several in Shanghai. I save from 1 to 1.5 K AUD a month, which is roughly the same as the Canadian $, and I'm on a decent salary.
International schools are the only way to make big money teaching. |
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lagerlout2006

Joined: 17 Sep 2003 Posts: 985
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Posted: Sat Mar 13, 2004 1:57 am Post subject: |
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What a question!!! Doing some quick math you want to save 36 000 CDN a year. That is 3K a month or RMB 15 000...
Not saying it can't be done but I have only seen 1 job adverised at 15K. And that would have been hard to get without Celta or MA or experience----or all of those...Another thing is how will you get all that loot out of PRC.
Maybe try the province of Hong Kong... |
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endo

Joined: 09 Mar 2004 Posts: 64
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Posted: Sat Mar 13, 2004 2:31 am Post subject: |
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well thanks for the wake-up call everybody!
Don't get me wrong, i'm not all about money - but I have a future to plan and all.
I think i'll reconsider my options in Japan (don't know if I could handle the female restrictions in the Middle East for a whole year!).
Thanks again
p.s. - Has anybody here working in China made it to Tibet? |
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ChinaLady
Joined: 20 Feb 2003 Posts: 171 Location: Guangzhou, Guangdong PRC
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Posted: Sat Mar 13, 2004 3:02 am Post subject: Travel to Tibet |
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yes, went last summer.
it is beautiful. the people (Tibetans) are quite honest (stay away from the Chinese merchants - they are not honest!)
several Tibetans we met had acceptable English skills and were really open about discussing the political situation - mainly the Tibetans do NOT like the Chinese, resent them for coming in and "taking over their country" BUT will tell you how their lives have improved. things like running water, better sanitation, and more schools.
visit the former homes of the monks - make your own mind up.
hike up to all the temples. it is all worth the back and knee pain.
the children are beautiful, the people on pilgrimage in their finest clothes (native handwoven) are a delight to the eye and the camera.
go for at least a week. you will need a couple days to adjust to the altitude - this is serious! there are flights to Lahassa from several Chinese cities. go and enjoy! |
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Roger
Joined: 19 Jan 2003 Posts: 9138
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Posted: Sat Mar 13, 2004 8:44 am Post subject: |
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Can$ 75'000 net savings in two years? Hmmm, if you have something to sell here, perhaps...
But if you are green you haven't got the right stuff to offer.
There are greener pastures elsewhere - for example Canada!
The burn-out rate here is quite amazing, by the way! |
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struelle
Joined: 16 May 2003 Posts: 2372 Location: Shanghai
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Posted: Sat Mar 13, 2004 12:57 pm Post subject: Re: Can I actually make money in China? |
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Quote: |
With this in mind, is it realistic that I could save about $75,000 Canadian over two years teaching english in China? |
That doesn't sound realistic, but you could manage to save half of that at current exchange rates. You'd need a job at more than 10K, in which Shanghai would be the place. Qualifications would certainly help.
Private lessons are a good idea, 100-150RMB a hour would work here. Some would say more.
If you plan on banking money here, you should make stability a top priority. For this reason, I'd suggest giving the local employer jobs a very wide berth. Even with a contract, the hours are low, and they are not very predictable.
Either stay on contract with a Western employer with a higher number of set hours and pay, or else take a local job and do other gigs on the side.
Wall Street comes to mind as a stable employer that pays nice. The work isn't exactly edge of your seat, but If you're in it for the money, this is the place. The nice thing is that you get a set number of predictable hours.
Steve |
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lagerlout2006

Joined: 17 Sep 2003 Posts: 985
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Posted: Sat Mar 13, 2004 7:50 pm Post subject: |
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Steve ---Is there a Wall St school or are you being funny and saying he should go to New York City?
I was in Korea and could not save even a quarter of what he is suggesting. (Lets be honest I saved Nothing!) Some have suggested they are banking 2K a month (which I dont believe for a second) but he is talking about TWICE that. OK now someone will post they are making even more . OK.
Really though how do you want to live? There are a lot of holidays in China. Are you going to sit in your flat all the time ?? Or look for "privates"-whatever they are. Am I the only one that finds it depressing that the first question out of a newbie is "How much can I save and where???"
Bartending pays well. |
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naturegirl321

Joined: 04 May 2003 Posts: 9041 Location: home sweet home
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Posted: Sun Mar 14, 2004 7:15 am Post subject: |
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[quote="The Great Wall of Whiner"].
Taiwan earned me about $2,000 a month also, but I had expenses so didn't save a nickle.
quote]
Wow. I'm surprised. I thought that people saved about 1000 USD a month in Taiwan. |
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batman

Joined: 12 Oct 2003 Posts: 319 Location: china
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Posted: Sun Mar 14, 2004 8:13 am Post subject: |
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if you manage to get your own tv show, and are hired to advertise stuff, sure you could save that kind of money...the rest of us are lucky to save anything at all. i did very well saving the fist year here, but since, have fallen prey to too many western restaurants, buying too much computer hardware...and taking to many vacations to thailand and hong kong. you might want to revise your esitimates a bit, and be realistic about the cost of living. you can only eat instant noodles for so long. |
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struelle
Joined: 16 May 2003 Posts: 2372 Location: Shanghai
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Posted: Sun Mar 14, 2004 1:16 pm Post subject: |
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Quote: |
Steve ---Is there a Wall St school or are you being funny and saying he should go to New York City? |
Yeah, there really is a Wall Street centre in Shanghai, and probably other major cities. The pay is sweet (around 14-15K a month), but from friends who work there, that's about the only thing going for it.
You end up working 40 hours a week, but not all of it's teaching. Other times you do office work and occupy a cubicle. Still, at least it's stable.
Steve |
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Gonzo
Joined: 08 Mar 2004 Posts: 80
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Posted: Sun Mar 14, 2004 8:28 pm Post subject: |
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Lager, I don't think anyone on this thread mentioned saving US$2,000, though you'd do it on an international school salary. As for Wall St, and Web International is another, remember you've got rent and utilities to pay for, so there goes 4,000Y. Anyway, why come here to work a 40 hour week? I could do that at home. 16 hours is one of the big attractions of this place, and at the moment that's conveniently divided into 2 full days, and two where I'm through by 11.30. Now, THAT'S sweet. |
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endo

Joined: 09 Mar 2004 Posts: 64
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Posted: Mon Mar 15, 2004 1:47 am Post subject: |
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thanks everybody for the responses  |
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Nate

Joined: 05 Sep 2003 Posts: 61 Location: Korea
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Posted: Tue May 04, 2004 5:41 am Post subject: |
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struelle wrote: |
Yeah, there really is a Wall Street centre in Shanghai, and probably other major cities. The pay is sweet (around 14-15K a month), but from friends who work there, that's about the only thing going for it.
You end up working 40 hours a week, but not all of it's teaching. Other times you do office work and occupy a cubicle. Still, at least it's stable.
Steve |
Do you have any more information on this? I will be graduating with a degree in Economics soon and am trying to keep my options open...
I want to take the CELTA in Mexico then look for employment in China but living in Shanghai and getting decent pay sounds tempting.
Thanks.
And giving it more thought... I never really thought about it, but judging from what I've read here, many TEFLers do not work 40 hour weeks. It'd be a tough call to trade in my time for more money. The way the world works, huh?  |
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