[Antde]

Hi,

I have a job offer for Asst Manager Risk Management in a leading Bank. I have 3+ yrs experience in similar area of work. Is it possible to mange all expenses for a couple with HKD 25000 including a rented flat while maintaining a good life style? Do I need to think of cost cutting always or can lead a free life?

How much a 2 BHK flat would rent within 30-45 mins from Central? Is it advisable to take up accomadation close to MTR link? Does the cost vary depending on that?

What area shoud be best for me if I have to commute to Central but my wife needs to go to Hongkong University of Science & Technology?

What is the chance of an Indian to get admitted in PHD courses in Hongkong University of Science & Technology etc? What's the ratio of Indian students in hongkong universities for PHD?

thanks in advance for your help

[KnowItAll]

Are you going to get $25K and an apartment? If the 25K is in addition to the apartment, that gives you a fair amount to party and play and save. If it does not include an apartment.... well look around on sites like gohome.com.hk and centanet.com to see what apartments cost.

[Antde]

Thanks for your useful advice. Actually HK$25000 is not top of accomodation. I have to find my own accomodation? How much do u think is good enough for "party,play and save" when i have to pay rent in that pay for a decent flat for a couple?

[KnowItAll]

Why not look around on http://www.gohome.com.hk or http://www.centanet.com and see what you would be able to find? You might find some good bargains on the outer islands / new territories.

Also take a look at http://www.ird.gov.hk to look at your tax liabilities.

[Antde]

could you please tell me if this is a good/bad or moderate salary in hongkong standards given my experience[+3yrs] ?
thanks again

[fly]

Antde,
I'm not in banking, so I may be totally wrong to say this, but to me, 25K p/m doesn't sound very exciting. You may need to check on any bonus, incentives, or other that would help bring that number higher.

[avla]

Being in banking, although on the technology side, I would agree with Fly. This seems like a pretty low number to me.

[nivantj]

Well Lifestyle is a pretty relative term and i hope you understand what i mean by that.... Not sure about banking but 25K for 3+ yrs of experience sounds fair, if not attractive. If i put all my senses together to work out and try to define some generally accepted living standards as lifestyle, i think 25k is not bad in Hong Kong. It all depends on your current salary/ saving ration and the so called lifestyle factor vis a vis your expectations.

And with my all due respect to all communities, Dear sir don forget, we Indians are one of the most adjustable creature on earth..

We know what it means by 'Dikhao pe na jao...apni akal lagao..'

[fly]

True, true, it's all a relative number, and very personal to live within our means. There is no easy,direct answer to Antde's question, except to try and make sure you are being paid fairly on the same scale as everyone else without being taken advantage of.

[berryplucker]

The average household income in HK is about HK$19,000 per month and the average individual income is around HK$10,000 per month, if that helps you put things in perspective.