Is a move to KSA (senior position in a Pif entity) potentially career ending for someone who's worked around Europe and the UK and may want to come back in few years? I got an interesting offer but the money is not life changing (15% more than the gross I make in London) and I am worried that the experience may not be as well regarded as working in a brand name in London. Work looks lot more interesting though. I may want to go back in 2-3 years. Any experience with moving back to the west?

likefunny
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You only move to PIF if the comp makes you financially independent at age 40-45 or lets you retire 15-20 years earlier than current plan. That way you can return to Europe at 45, follow your passion, work at a start up, or what ever else that keeps you happy without having to work full time. 15% on gross = 80% on net, prob 50% jump on disposable income given higher living costs. Not worth it. I wouldn’t move for anything less than 300% on disposable.

likefunny

Why would you compare gross salaries though? The difference net can be 2x+. Other than that, perhaps not worth moving if you like your job / environment in London

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Yeah the net is about 2x but slightly higher cost in Saudi. I should have added that I hate living in London and do not particularly like my job. But worried about coming back to Europe in few years.

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Has “career ending” a positive or negative connotation?

We all need to end our career - better to do it earlier with more money in the bank account no?

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Do a linkedin search and see how many people have come back from the desert to good jobs in Europe…

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PIF is one of the largest SWF, and whether it marks the end of your career really depends on what you achieve and the impact you make.

Is this a ChatGPT answer?

funny

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