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Korean Job Discussion Forums
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kinerry
Joined: 01 Jun 2009
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22tea77
Joined: 22 Oct 2007
Location: United States
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 Posted: Mon Nov 09, 2009 10:09 pm Post subject: |
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Hmmmmm....
Anyone else here in the other 3/4???  |
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youtuber
Joined: 13 Sep 2009
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| Posted: Mon Nov 09, 2009 10:11 pm Post subject: |
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| Only $200K? pfff. I make way more than that. |
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Big Mac
Joined: 17 Sep 2005
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| Posted: Tue Nov 10, 2009 5:28 am Post subject: |
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| I'm in the wrong quarter then! |
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The Cosmic Hum
Joined: 09 May 2003
Location: Sonic Space
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| Posted: Tue Nov 10, 2009 5:51 am Post subject: Re: 1/4 of Expats in Asia make more than $200,000/yr |
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| kinerry wrote: |
http://www.bnet.com/2403-13068_23-355489.html
Sounds like a sweet gig, should have kept that CCNA up to date... |
...lol...what a joke... and not-so-sublte advertisement for the Berkeley Haas School of Business.
Look...one of our recent graduates just pulled home a job paying $200,000...you can too!...Join our program today and join the Gold Card CLub...Get Gold today!
| Quote: |
| Mark Friedfeld, an MBA career adviser at University of California at Berkeley�s Haas School of Business, says companies of all sizes are on a constant talent search that reaches far beyond national borders. �They are looking for the best talent and don�t care where you are from,� he says. |
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| One aspiring businessman who answered that call was California native Sean Bornheimer, who graduated in May from Haas. |
...no lack of shame here.  |
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kinerry
Joined: 01 Jun 2009
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| Posted: Tue Nov 10, 2009 10:08 pm Post subject: Re: 1/4 of Expats in Asia make more than $200,000/yr |
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| The Cosmic Hum wrote: |
| kinerry wrote: |
http://www.bnet.com/2403-13068_23-355489.html
Sounds like a sweet gig, should have kept that CCNA up to date... |
...lol...what a joke... and not-so-sublte advertisement for the Berkeley Haas School of Business.
Look...one of our recent graduates just pulled home a job paying $200,000...you can too!...Join our program today and join the Gold Card CLub...Get Gold today!
| Quote: |
| Mark Friedfeld, an MBA career adviser at University of California at Berkeley�s Haas School of Business, says companies of all sizes are on a constant talent search that reaches far beyond national borders. �They are looking for the best talent and don�t care where you are from,� he says. |
| Quote: |
| One aspiring businessman who answered that call was California native Sean Bornheimer, who graduated in May from Haas. |
...no lack of shame here. |
meh, I was more interested in the quote as I have some significant business and IT skills I could use here.
I have my qualms, but 200k would help me get over them real quick-like. |
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Ramen
Joined: 15 Apr 2008
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| Posted: Tue Nov 10, 2009 10:27 pm Post subject: |
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| That's me. |
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themagicbean
Joined: 04 Feb 2009
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| Posted: Tue Nov 10, 2009 10:32 pm Post subject: |
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The survey the original article cites (or at least links to) is by HSBC bank ... based in China, if I remember right ... if they're interested in (1) recruiting or (2) making China look good, they'd scale the results.
(Also, the wealthiest expats were in Japan and Russia and a few other non-Korean countries, anwyay.) |
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Moldy Rutabaga
Joined: 01 Jul 2003
Location: Ansan, Korea
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| Posted: Tue Nov 10, 2009 10:49 pm Post subject: |
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Someone replied to the article on the website. I thought it was a good response.
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LouiseP
10/26/09 | Report as spam
RE: South Korea: Get Gold Card, Rake in Gold
Mr. Gray,
I have several comments to voice about the article you wrote as we seem to be living on different planets.
First, let me qualify my experience. I have lived in Korea for over 8 years and have taught various subjects as well as worked "real jobs" here. I also own a Seoul-based company employment company so am pretty well plugged in to the reality of Korean business. With that, let me comment on your article.
The vast majority of the 30,000 expats you mentioned all work in the English instruction industry, mostly teaching kindergarten to middle school levels. A very (very) small percentage of westerners actually work directly for companies in non-teaching or English related positions. Most of those positions that I do know about are for experienced professionals in finance or related industries. There are a few positions, as you mentioned, for things like "Global Strategists". However, based on expats that I know that work in similar positions, a large part of their jobs entail editing the department's English documents, teaching presentation skills, and being the "token" white guy.
It sounds pretty bad, but in reality, most Korean companies do not like to hire Westerners for regular (non-teaching) positions as they typically do not fit in well with the domestic employees and are more "difficult to manage" due to differences in culture, language, the fact that most foreigners refuse to work ?Korean hours?, etc.
Lastly, except for the possibility of those finance positions I mentioned earlier, salaries do not even remotely come close to $200,000 per year. In fact, I do not know of any that come close to even half that amount.
If you are aware of positions like the ones you mentioned, please let your readers know where to look as I havent a clue.
Thanks |
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Goku
Joined: 10 Dec 2008
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| Posted: Tue Nov 10, 2009 11:01 pm Post subject: |
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The key thing to remember that is it Expats.
Us ESL teachers make up the "not so wealthy" portion of that pie (with a few exceptional exceptions).
You've probably met some Expats who work for large companies as engineers, inventors, scientists, ceo's, etc.
I've met a lot of Expats that had such specialized skill they were paid above the 200,000 range because of their craft specialty. I once met a guy who worked for nokia and because he knew some kind of chemical for the polymer used in casings, he was paid handsomely by the company to stay and continue crafting new and experimenting with other plastics.
The money is a necessary incentive too. Otherwise these talented people would stay in home country. Their families would NEVER move if the money wasn't high enough to justify moving there.
I also know of a guy living the freaking high life in China as a foreign I-banker. China is cheap as hell... and getting paid $220,000 usd to go around and do jack squat except talk to other people about their company is incredibly easy money. they spend their nights drinking and partying. It's like a semi-james bond lifestyle. They have so much free time, they travel, and do anything they like. Imagine going into a restaurant slapping down $100 USD. To them you are a freaking god. They will rub your feet in silver pearls and lick your body in mineral oil from mt. Fuji. But then again... he did waste a good 5 years of his life at Morgan Stanley I-banking and having no life... so I guess he worked for it. |
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madoka
Joined: 27 Mar 2008
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| Posted: Wed Nov 11, 2009 12:34 am Post subject: |
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| themagicbean wrote: |
(Also, the wealthiest expats were in Japan and Russia and a few other non-Korean countries, anwyay.) |
Maybe all the rich guys are in Japan, because the most I've ever heard of an expat making in Korea was around $85,000 a year. |
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