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OBwannabe
Joined: 16 Feb 2008
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Posted: Thu Feb 02, 2012 10:48 pm Post subject: Any vets over 35 making the elusive big coin? |
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A search will quickly bring up loads of posts of ESL teachers who claim to make 4, 5, 6+ million won/mth. And so often they don't hesitate to let the rest of us know that we are wasting our time if we settle for 2.3 mill/mth, or whatever the going rate is these days.
In my 5 years I met, in person, no more than 4 or 5 guys who admited to making such great wages on consistent basis while teaching in and around Seoul. But here on Dave's there seems to be all sorts of esl cowboys making the big bling.
The handful of fellas I knew who were doing so well worked tons, often including Saturdays....and were all very young and full of the unbridled enthusiasm that comes with youth.
Anyone out there 35+ doing so well. Is there any legal way of making so much money? Is having two part-time jobs the only way of achieving this?
Yes...I want my piece of the pie! ha ha.
Thoughts? I'd love to hear your feedback. |
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rowdie3
Joined: 22 Sep 2003 Location: Itaewon, Seoul
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Posted: Thu Feb 02, 2012 11:28 pm Post subject: |
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| I'm 32 and I'm doing it. Two part time jobs. One is 4.5 hours a day. The other is 3. Both legal. 37.5 teaching hours a week. One Saturday a month. It's possible. Look into Wall Street Institute if you have the experience background that they are looking for. |
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edwardcatflap
Joined: 22 Mar 2009
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Posted: Thu Feb 02, 2012 11:54 pm Post subject: |
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| Made 10 mil this month from a combination of 27 hours teaching, examining and some online work. Pm me if you want the details |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Fri Feb 03, 2012 12:12 am Post subject: Re: Any vets over 35 making the elusive big coin? |
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| OBwannabe wrote: |
A search will quickly bring up loads of posts of ESL teachers who claim to make 4, 5, 6+ million won/mth. And so often they don't hesitate to let the rest of us know that we are wasting our time if we settle for 2.3 mill/mth, or whatever the going rate is these days.
In my 5 years I met, in person, no more than 4 or 5 guys who admitted to making such great wages on consistent basis while teaching in and around Seoul. But here on Dave's there seems to be all sorts of esl cowboys making the big bling.
The handful of fellas I knew who were doing so well worked tons, often including Saturdays....and were all very young and full of the unbridled enthusiasm that comes with youth.
Anyone out there 35+ doing so well. Is there any legal way of making so much money? Is having two part-time jobs the only way of achieving this?
Yes...I want my piece of the pie! ha ha.
Thoughts? I'd love to hear your feedback. |
Seriously depends on your qualifications, visa status, who you know and who knows you.
I make 40 mil/yr part time - no benefits (3-4 months/yr) as a consultant (HRM/recruitment) and trainer for (2) POEs. I spend the rest of the year where the weather is nicer and the water warmer.
I do however have more than a simple BA and a few years as a hagwan worker. (3 undergrad degrees, 2 masters and an ABD coupled with more than 16 years of experience).
I know a few others who are in similar situations.
I know a couple of PhDs who are in the 60 million won range (base annual salary).
I don't know of anyone with just a BA doing it by being entrepreneurial and busting their butts at multiple jobs or doing privates for any more than a brief time.
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PRagic

Joined: 24 Feb 2006
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Posted: Fri Feb 03, 2012 12:47 am Post subject: |
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45. My 'base' is well over 70M a year plus whatever I do on the side consulting. Well, plus whatever the wife pulls in.
When I was teaching English in the 90s at university here, my rule was to at least double my school salary via my outside work (had the F5 so it was legal, too). Never made less than 2.6 at university, so the math should shed some light on what I was pulling in monthly. And, again, that was back in the 90s - 5-7 million a month on ave. Very doable then and very doable now. I completely agree with ttompatz in that connections and the strength of your credentials go a very long way.
I like my new job and career track, though. No running around the city chasing work. No multiple class days or teaching the same thing hour after hour. I can research what I want when I want, I only teach two courses a semester (1 undergrad, 1 grad), and for the most part I only participate on committees I feel strongly about. I'm also an equally participating tenure track faculty member, so I'm not subject the the whims of the admin or faculty. They ask me what I'll be teaching and when I'd like to teach, and, man, let me tell you just how enlightening THAT experience is after having taught in English programs for a while LOL! Fully paid summer/winter vacations, but that was also the case when I taught English.
Over the past few years, money hasn't seemed as important as job and professional satisfaction. That might be because I'm getting older, because the better half and I could (financially, at least) retire whenever we want, or because I just like what I do now and I never did 'then'. Might be a combination of things. Having enough to be able to just walk away, especially at this age, is empowering to be sure, and I highly recommend making it happen if at all possible. Life just seems a little simpler and a lot more fulfilling at this point. |
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Paddycakes
Joined: 05 May 2003 Location: Seoul
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Posted: Fri Feb 03, 2012 12:58 am Post subject: |
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Age 33:
2.1 per month from Wonderland
9.5 per month from the Host bar
Total: 11.6 per month.
Seriously, take everything you read on Dave's regarding "income" with a total grain of salt. |
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T-J

Joined: 10 Oct 2008 Location: Seoul EunpyungGu Yeonsinnae
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Posted: Fri Feb 03, 2012 12:59 am Post subject: |
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| PRagic wrote: |
When I was teaching English in the 90s at university here, my rule was to at least double my school salary via my outside work (had the F5 so it was legal, too).
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What year did you get your F-5?
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edwardcatflap
Joined: 22 Mar 2009
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Posted: Fri Feb 03, 2012 1:12 am Post subject: |
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| Quote: |
| Seriously, take everything you read on Dave's regarding "income" with a total grain of salt. |
Whereas drunk guys who bring the subject up in bars are usually pretty reliable  |
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Paddycakes
Joined: 05 May 2003 Location: Seoul
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Posted: Fri Feb 03, 2012 1:18 am Post subject: |
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I once met a guy who openly bragged about how much income he made... the guy worked at a uni and guess got extra money that month for doing camps during the break...
He's blurts out to everyone (and he's not drunk): "Last month I made 4.3 million Won".
And I'm like, WTF, do you have no sense of basic social skill?
Rule #1 in life is never talk about income (at least for westerners unless you're super close friends and you have comparable incomes).
And besides 4.3 is nothing. |
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tigershark
Joined: 13 Aug 2009
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Posted: Fri Feb 03, 2012 1:36 am Post subject: Tips for making more money |
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| DO you guys have any tips for making more money? I have a BA, a B.Ed and currently working on a M.Ed although I know no one important, unless they are hiding it from me. |
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god of English
Joined: 23 Jan 2009
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Posted: Fri Feb 03, 2012 1:38 am Post subject: |
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| Benjamin Franklin wrote: |
| Man is sometimes more generous when he has little money than when he as plenty; perhaps to prevent his being thought to have but little. |
Seriously, I've never seen a group of people who brag and obsess about salaries (with absolutely no justification) more than English teachers in Korea. It's like watching a train wreck. |
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god of English
Joined: 23 Jan 2009
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Posted: Fri Feb 03, 2012 1:40 am Post subject: Re: Tips for making more money |
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| tigershark wrote: |
| DO you guys have any tips for making more money? |
Learn Korean. It opens *a lot* of doors here. |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Fri Feb 03, 2012 3:57 am Post subject: Re: Tips for making more money |
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| tigershark wrote: |
| DO you guys have any tips for making more money? I have a BA, a B.Ed and currently working on a M.Ed although I know no one important, unless they are hiding it from me. |
Marry a Korean - get an F6 then an F5 and work on your entrepreneurial skills.
Start attending conferences and workshops. You'd be surprised who you meet at them.
Get out of EFL and into proper international schools (the ones that cater to expats).
Finish the MEd and get to ABD in your Ed.D.
And LEARN some Korean. It really is amazing what you can find with a simple naver search.
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jlb
Joined: 18 Sep 2003
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Posted: Fri Feb 03, 2012 4:28 am Post subject: |
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| Most people at my uni make at least 3 mill a month, many make 4 mill plus and some even make more than that. Base salary is 2.5 but OT is plentiful |
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edwardcatflap
Joined: 22 Mar 2009
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Posted: Fri Feb 03, 2012 5:12 am Post subject: |
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I once met a guy who openly bragged about how much income he made... the guy worked at a uni and guess got extra money that month for doing camps during the break...
He's blurts out to everyone (and he's not drunk): "Last month I made 4.3 million Won".
And I'm like, WTF, do you have no sense of basic social skill?
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He is obviously a total dick. I've never discusssed my earnings with anyone in a bar and you're right it's not good manners to do so socially. On a job board where people are specifically wanting to find out more about working in TEFL, it can be useful information.
| Quote: |
| Learn Korean. It opens *a lot* of doors here. |
I'd question the validity of this. Assuming we're talking about TEFL. Consider how many hours of study/lessons it would take you to get to the level of Korean where you could schmooze Koreans in their own language effectively enough to make a difference to your earnings. Now consider how much extra cash you would have banked if you'd been working during all that time you were studying Korean. Sure it's a good investment if you're married to a Korean and planning to open a study room/hagwan , otherwise it's an awful lot of time spent when the majority of Koreans you'll be dealing with will have a pretty good knowledge of English anyway.
| Quote: |
| Seriously, I've never seen a group of people who brag and obsess about salaries (with absolutely no justification) more than English teachers in Korea. It's like watching a train wreck. |
People in TEFL talk about it a lot because there are often big salary differences between different types of job and a lot of sidelines you can get into to earn a bit on the side legally. E.g. I don't imagine state school teachers in my country talking about salaries a lot because they're all on the same scale and they can easily look up how much all their colleagues are earning on a government website. If you think bragging and obssessing about salaries is particularly bad in TEFL I suggest you go out drinking with a bunch of private lawyers or City traders and see how much of the evening they don't spend talking about how much they earn. As for suggesting (which you seemed to do) that EFL teachers don't earn enough to brag to each other about it, you're not very au fait with human nature if you believe that. I'm sure even those guys in the Philippines who make a living wading though mountains of refuse to find plastic bottles to sell, brag to each other afterwards about how many bottles they found on a good day.
Last edited by edwardcatflap on Fri Feb 03, 2012 5:35 am; edited 2 times in total |
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