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Wall Street Institute
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vk33



Joined: 26 Feb 2008

PostPosted: Thu Mar 06, 2008 12:42 am    Post subject: Reply with quote

Quote:

I believe full time workers get 2.5 per month, plus quarterly bonuses of about 500,000 won.


this is pure crack smoking pipe dreams here. i had an interview last week and it was a joke. they were offering 2.3 with 100,000 for housing. and two Saturdays a month with NO PAID VACATION for the first year.

they were offering better deals in Daegu and Busan.

Quote:

One problem though: they have a very strict policy regarding sexual harrassment. If a student finds even an innocuous comment offensive and complains, you are fired with no notice at all. No one considers your version of events and no evidence is required other than the student's testimony. The only upside is they do give a letter of release.


this is so funny because the poster-boy who interviewed me spent the entire time staring at every single girl who walked by!
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jkelly80



Joined: 13 Jun 2007
Location: you boys like mexico?

PostPosted: Mon Nov 10, 2008 11:23 pm    Post subject: Reply with quote

bump

I have a few questions about WSI:

1. What's the minimum of hours they require for visa sponsorship?
2. If I wanted full time, do they pay housing? If not, what's the hourly? How many minutes is a "class hour"?
3. Are you required to be on premises if you have no classes?
4. I've seen that there's multiple campuses. Are some better than others?
5. Any general impressions?

Any info at all is greatly appreciated. Thanks.
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Easter Clark



Joined: 18 Nov 2007
Location: Hiding from Yie Eun-woong

PostPosted: Mon Nov 10, 2008 11:56 pm    Post subject: Reply with quote

I just got hired by WSI and here is my situation:

Working hours are standard but as for housing--they only provide 10 million won key money and basic furnishings (fridge, stove, and bed). They don't pay rent or utilities.

That said, I went to the head office in Gangnam and as highly impressed with the way things were run--they have an "English Only" policy and it is strictly adhered to. What really blew my mind was seeing the sales staff at the front desk helping the students set up a date for their next lesson: all in English. The culture there is one in which it's deemed shameful to use Korean.

Also, the students have to do a lot of work on their own before they can even attend their "Encounter Class" with a native teacher, which means (in theory, anyway) that your role is to give them an opportunity to practice what they have been studying on their own.

Again, I haven't started working there yet, but my initial impression was so good that I am indeed looking forward to it.

Hope this helps--feel free to PM me if you want to know more!
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undauntedoh



Joined: 09 Oct 2008

PostPosted: Tue Nov 11, 2008 12:05 am    Post subject: Reply with quote

i know that korean employee are exploited..
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Toon Army



Joined: 12 Mar 2007

PostPosted: Tue Nov 11, 2008 12:06 am    Post subject: Reply with quote

anyone know what a relative newbie with 1 year ESL experience might get with WSI?

I thought about applying for them also but if the salary is the average maybe it`s a no go for me . 10m key money is all well and all but rent is still high even with that key money.
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Rebound



Joined: 04 Nov 2008

PostPosted: Tue Nov 11, 2008 1:41 am    Post subject: Reply with quote

Flash Ipanema wrote:
So does anyone actually know how much Wallstreet pays for full time? And while I'm at it, what is the housing situation like and how much vacation time do you get?

Their website doesn't have any positions available right now so I can't find the info online.


yep, friend had an offer from them very recently.

They pay 2.1 to 2.5 plus 1-200,000 for a housing subsidy. However, they only provide key money and u have to find ur own apartment and pay rent (if you have to get a place in Seoul, its going to be like 4,500 to 7000 each month). You still work about the same number of hours as you do with an after school hakwon job, (like, 25 to 30 teaching hours per week) but after the deduction for rent u have to pay, u make 100,000-500,000 less... They told her she would have to do the split shift thing for the first several months and then it would change to one block. Have to wear nice clothes. The only real advantage to it as far as I could see was that you teach adults who are not always doing annoying things that kids do (however, to anyone who as taught adults before, it can provide its own challenges)...

she was offered full airfare reimbursement, full pension on the 2.4 she was offered, and yes, she was told she would have to work a certain number of saturday per contracted term (dont remember exacty how many, but not too many)...
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Arthur Dent



Joined: 28 Mar 2007
Location: Kochu whirld

PostPosted: Tue Nov 11, 2008 2:05 am    Post subject: Reply with quote

*Fines slapped on six hagwon

Six hagwon franchises including Wall Street Institute Korea, were slapped with fines yesterday for misrepresenting fees or issuing false ads.


This was the lead sentence of an article on page 3 of the Korea Herald dated October 28th, 2008.

It went on to say, in part - Wall Street Institute Korea advertised a three month course that did not exist for 1.55 million won to delude students to think it was giving a 46 percent discount for its nine-month program at 2.49 million won, the FTC said.

FTC = Fair Trade Commission

I see little point in adding further comment....

*Any errors in accuracy, as far as transcribing this portion of the article, are mine.
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buymybook



Joined: 21 Feb 2005
Location: Telluride

PostPosted: Tue Nov 11, 2008 2:32 am    Post subject: Reply with quote

Easter Clark wrote:
I just got hired by WSI and here is my situation:

Working hours are standard but as for housing--they only provide 10 million won key money and basic furnishings (fridge, stove, and bed). They don't pay rent or utilities.

That said, I went to the head office in Gangnam and as highly impressed with the way things were run--they have an "English Only" policy and it is strictly adhered to. What really blew my mind was seeing the sales staff at the front desk helping the students set up a date for their next lesson: all in English. The culture there is one in which it's deemed shameful to use Korean.

Also, the students have to do a lot of work on their own before they can even attend their "Encounter Class" with a native teacher, which means (in theory, anyway) that your role is to give them an opportunity to practice what they have been studying on their own.

Again, I haven't started working there yet, but my initial impression was so good that I am indeed looking forward to it.

Hope this helps--feel free to PM me if you want to know more!


So, you are working there now. HA, ha, ha, they really reeled in some new fish. Are you part or full time?
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Easter Clark



Joined: 18 Nov 2007
Location: Hiding from Yie Eun-woong

PostPosted: Tue Nov 11, 2008 4:15 am    Post subject: Reply with quote

^

Why do you care?
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crusher_of_heads



Joined: 23 Feb 2007
Location: kimbop and kimchi for kimberly!!!!

PostPosted: Tue Nov 11, 2008 8:56 am    Post subject: Reply with quote

Young FRANKenstein wrote:
Hater Depot wrote:
Gwangjuboy wrote:
They have a really cheesy advert on the subway PA. "Learn English a better way, Wallstreet Institute."

Yeah, holy *beep* are those annoying.

Better than the new one where the uni student opens the door to the WI, and walks into a nightclub as she shakes her booty all night long!

What a smoking K-chick in hotpants at a hopping nightclub has to do with learning English, I dunno.


That won't get me to work there; having said that, I don't care. Shake it, you filthy arsed pure blood skankyassed ho!!!
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jkelly80



Joined: 13 Jun 2007
Location: you boys like mexico?

PostPosted: Tue Nov 11, 2008 4:19 pm    Post subject: Reply with quote

Easter Clark wrote:
I just got hired by WSI and here is my situation:

Working hours are standard but as for housing--they only provide 10 million won key money and basic furnishings (fridge, stove, and bed). They don't pay rent or utilities.

That said, I went to the head office in Gangnam and as highly impressed with the way things were run--they have an "English Only" policy and it is strictly adhered to. What really blew my mind was seeing the sales staff at the front desk helping the students set up a date for their next lesson: all in English. The culture there is one in which it's deemed shameful to use Korean.

Also, the students have to do a lot of work on their own before they can even attend their "Encounter Class" with a native teacher, which means (in theory, anyway) that your role is to give them an opportunity to practice what they have been studying on their own.

Again, I haven't started working there yet, but my initial impression was so good that I am indeed looking forward to it.

Hope this helps--feel free to PM me if you want to know more!


I wouldn't be looking until about August so I figure by then you'll have a wealth of into to pass along. Thanks.
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Xuanzang



Joined: 10 Apr 2007
Location: Sadang

PostPosted: Tue Nov 11, 2008 4:24 pm    Post subject: Reply with quote

jangsalgida wrote:

"The students there are highly motivated"

That's funny too


Every hagwon says that Laughing
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The Bobster



Joined: 15 Jan 2003

PostPosted: Tue Nov 11, 2008 4:58 pm    Post subject: Reply with quote

cdninkorea wrote:

Part time generally pays 25,000/hr. with a 15 hour minimum. You can work overtime if it's available (and it often is) at the same rate.

This is very cheap unless they offer other benefits like visa and housing, and for p/t work that's unlikely. (I work p/t at a public school for 40k an hour, and probably deserve more.) The only thing that could make this attractive would be no real teaching prep involved, just showing up and chatting, or following a script, etc.

Quote:
"The students there are highly motivated"

What I've heard is that they do level testing and if students do not pass they have to repeat the level until they do - this could be a motivating factor, since it basically means paying the same fee again for nothing. If true, they are the only hagwon I've heard of in this country with such a policy.
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Easter Clark



Joined: 18 Nov 2007
Location: Hiding from Yie Eun-woong

PostPosted: Tue Nov 11, 2008 5:02 pm    Post subject: Reply with quote

The Bobster wrote:

What I've heard is that they do level testing and if students do not pass they have to repeat the level until they do - this could be a motivating factor, since it basically means paying the same fee again for nothing. If true, they are the only hagwon I've heard of in this country with such a policy.


I was told this at the interview and they said that this is one factor that separates them from the other hagwons--they don't offer lofty promises that students' English will magically improve simply by showing up. Also, the students do pay a lot of money to attend, and they can (and do) fail if they don't reach the targets set for each level.
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Xuanzang



Joined: 10 Apr 2007
Location: Sadang

PostPosted: Tue Nov 11, 2008 5:05 pm    Post subject: Reply with quote

How much is the fee at Wall Street Institute? More than YBM and Pagoda?
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