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Salaries and standard of life

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Salaries and standard of life

Postby Eon » Sun Jun 22, 2008 8:24 am

Hi all,

I was invited on interview in a international bank with a branch in Cyprus. The position is clerk in trade finance department.

Please, could you tell me the average level of NET salary (after social security and taxes) for this type of position?

Also, what is the cost of life in Cyprus? More specific - I'm looking for a apartment in Limassol (1 room & kitchen, bathroom). What are the prices of food and etc? I don't go to the restaurants often since I'm cooking pretty well and dinner at home. :D

Thanks a lot in advance.
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Re: Salaries and standard of life

Postby Sega » Sun Jun 22, 2008 9:35 am

Eon wrote:Hi all,

I was invited on interview in a international bank with a branch in Cyprus. The position is clerk in trade finance department.

Please, could you tell me the average level of NET salary (after social security and taxes) for this type of position?

Also, what is the cost of life in Cyprus? More specific - I'm looking for a apartment in Limassol (1 room & kitchen, bathroom). What are the prices of food and etc? I don't go to the restaurants often since I'm cooking pretty well and dinner at home. :D

Thanks a lot in advance.


Certainly. Please visit buysellcyprus.com and look at apartment rental prices. Salaries really are dependant upon where you work. I suppose international banks pay more than national companies. Anything above £1000/month is good. Food is more expensive than the UK but it's still not that bad. Qualifications really count here, and will eventually effect the type of salary you will be on. On average as a one person I spend around £20/week on food, this also includes the food I take to work. This might be because I economise and cook everything.

PS: A job interview does not mean anything, I went to around 15 of them before I was eventually given a job. So it might be worth not getting your hopes up.
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Postby michalis5354 » Sun Jun 22, 2008 9:56 am

1 bed apartment on average will cost you around 450 euros to rent on a monthly basis plus common exps . Food exps is comparable to UK . No efficient transport in Cyprus which means you need to buy your own private car. Electricity for 1 bed room apartment can start from 40 Euros per 2 monnths . Telecomunication around 40 Euros a month.

An average job pays 1500 Euros per month. For this type of job u should expect to earn more than 1700 Euros per month unless of course its a junior position in Finance or trainee job .
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Postby Sega » Mon Jun 23, 2008 9:29 pm

michalis5354 wrote:1 bed apartment on average will cost you around 450 euros to rent on a monthly basis plus common exps . Food exps is comparable to UK . No efficient transport in Cyprus which means you need to buy your own private car. Electricity for 1 bed room apartment can start from 40 Euros per 2 monnths . Telecomunication around 40 Euros a month.

An average job pays 1500 Euros per month. For this type of job u should expect to earn more than 1700 Euros per month unless of course its a junior position in Finance or trainee job .


Emm... i kind of get far less than that. What do I do? It's my first job in the field, when should I ask for a rise?
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Postby haplessboyrussell » Mon Jun 23, 2008 10:13 pm

The junior roles in an international finance organisation won't be paying that much - probably more like EUR1100 a month before tax at 20%. As the above post says play up any qualifications you have (including any seemingly irrelevant degree) because they do count for something in Cyprus.

If in doubt about what to ask for money-wise, phone one of the recruitment agencies with an initial query ("I'm thinking about moving to Cyprus", tell them your qualifications, the type of work your looking for, and ask what sort of salary you might expect.

The international banks might be paying a bit more, particularly for someone with good English... best bet is to ask the recruitment agencies, I reckon!
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Postby Sega » Tue Jun 24, 2008 5:19 am

haplessboyrussell wrote:The junior roles in an international finance organisation won't be paying that much - probably more like EUR1100 a month before tax at 20%. As the above post says play up any qualifications you have (including any seemingly irrelevant degree) because they do count for something in Cyprus.

If in doubt about what to ask for money-wise, phone one of the recruitment agencies with an initial query ("I'm thinking about moving to Cyprus", tell them your qualifications, the type of work your looking for, and ask what sort of salary you might expect.

The international banks might be paying a bit more, particularly for someone with good English... best bet is to ask the recruitment agencies, I reckon!


I got a masters and an honours degree. I am the only one at work with a degree relavent to my field, since it's such a new field.
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Postby michalis5354 » Tue Jun 24, 2008 6:49 am

Sega wrote:Emm... i kind of get far less than that. What do I do? It's my first job in the field, when should I ask for a rise?


Sometimes its not just the salary but how you like what you are doing. You can use your current experience to get a better job in the future or If you think you can do things better and differently (lower price , efficient service) than the rest then open up your own service business and money will come to you. :wink:
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Re: Salaries and standard of life

Postby SSBubbles » Tue Jun 24, 2008 7:44 am

A spy or not?

:roll: :roll: :roll: :roll:
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Postby Sega » Tue Jun 24, 2008 8:08 pm

michalis5354 wrote:
Sega wrote:Emm... i kind of get far less than that. What do I do? It's my first job in the field, when should I ask for a rise?


Sometimes its not just the salary but how you like what you are doing. You can use your current experience to get a better job in the future or If you think you can do things better and differently (lower price , efficient service) than the rest then open up your own service business and money will come to you. :wink:


I get ya, to be honest im happy at work. I did in the past try to do something my self, but it seems that you put up with a lot of stress in order to get the job done. Were as in work, we devide the stress.

I think eventually I might try to open something myself, but hopefully by then I will have enough backbone to stand up on my own two feet.
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Postby thbyte » Sat Jun 28, 2008 3:31 pm

Hi,
I also habd an interview with an IT company. They wan to offer me 1500 euro (CY punds 800) is this ok to live in Limasol?
From my perspective it doesn't look like much.
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