QUOTE(Kakistok @ May 7 2023, 11:49 PM)
I'll be attending an interview next week conducted by a UK-based company, the hiring manager is a good friend of mine (a European) we used to work and hang out in the US many years ago.
Recently he contacted me and asked if I'm willing to join his team in the UK, he seems to be very keen on bringing me there. We had an unofficial chat about the role before the actual interview.
Currently, I also work in a UK company based in Malaysia. Salary around rm11k. I have no significant commitments, house (in KL) and car paid off. Married with a child.
Though I own a house, I'm renting so I could stay nearby work. After minus all my critical expenses (rent,grocery,family,utilities) I can save about 3-4k a month ( I invest half of it).
Now about the UK work, I didn't really ask my friend about the salary just yet but from what I got to know from Glassdoor, for the same exact position the salary is about 5200 pounds a month.
After-tax, that's around 3.7k. Unit rental, to have similar convenience that I have now, i.e large house, close to work... I may need to fork out around 1.2-1.5k.
Now that leaves me about 2.5k for the rest. I may need a car. And for the rest of the expenses I might be down to 1-1.5k in savings --> which equates to rm6-7k.
With all the negative economic news surrounding the UK, I'm no expert but everything just not pointing in the right direction. Inflation, rental hikes, recession.
I don't know if this is something I should be pursuing. I love the work, it's something I'm good at and no doubt - the company is an 'elite' brand in its industry - like Rolex for watches. It would be great for the CV. But I don't know if it's worth the trouble of moving there, leaving the life I have here. Do I leave for that extra rm2-3k, leaving behind my friends and family - starting all over again? I worked in the US for 7 years before and came back to Malaysia 3 years ago thinking I may not get another oversea opportunity. But here we are... if this was just another company, I might have just said no thank you - but its like a dream company to work with because of its brand.
Something for me to think about but I would like to know your thoughts about the move or experience working in the UK, any piece of advice.
Thanks.
I'll let others speak about living and working in the UK but talk about relocating abroad.
Without a wife and kids, you can do anything without the need to think too much. While your age may be a factor on making big decisions, you're generally footloose. You probably know that
At this stage in life, what are you looking to achieve? Are you looking for more money? More career growth? Settlement abroad? Yours answers will dictate what actions should take.
If you're looking for more money, then what you have described, this role of yours is not the right thing. It's a meagre global salary and it only looks good if your intent and purpose is to return to msia after 3 years....and that, it's a stretch, you won't be able to save enough. So that 3 years is kinda wasted, no significant savings and you're back in msia. This only makes sense if the relo results in a true growth of income....and there are only a few countries where this is possible....namely, Singapore, HK, middle east, US and maybe Australia, everywhere else is really swapping an environment for the same pay. GBP 60k a year is not what many would consider a good global salary, in the UK, yeah, you'll be firmly in the upper middle class but with runaway inflation, you gotta be very very careful with money.
If career growth is what you are looking for, will sticking in msia eventually lead to a director role for you? If there's a high chance for it, then why do this detour to the UK? Things can go horribly wrong in the UK, you may even lose that friendship if things don't turn out well. Relo will also slow down your career growth, unless you're moving to level above, if it's just a lateral move, it will set you back several years
If settlement is what you want, then you have to stick to the plan, no matter what happens. High pay or low pay, you'll just go. I don't think they is what you are looking for as you returned from the US.
hopefully this helps you think about it.