Compared with other countries in the Gulf Cooperation Council, United Arab Emirates has performed better when it comes to addressing the oil price decline. So far, the federal government has successfully maintained most of its fiscal policies and large-scale project deliveries.
For this reason, businesses remain confident about the region’s potentials and this attitude has a positive impact among accounting and finance professionals since many UAE employers are looking forward to expanding in the future by reorganizing their current finance teams and enhancing their processes.
Still, accounting and finance professionals who are aiming to penetrate the UAE market should be aware that competition can be challenging because many employers have high standards.
Companies want to hire qualified professionals who have the experience and knowledge needed to improve their organizations.
According to the Morgan McKinley blog:
“The most sought-after candidates hold ACA, ACCA or CIMA qualifications, are familiar with US GAAP, IFRS and SOX accounting standards, can use accounting software (such as Oracle and SAP) and have three to five years’ experience of working for a multinational corporation.”
The biggest draw here, of course, is that accounting and finance professionals are paid really well in UAE. Moreover, it is expected that their salaries will increase by at least 4%. Meanwhile, those who are already UAE-based can look forward to a 5-6% increase.
This is good news for accounting and finance professionals since the cost of living in the country are anticipated to stay the same with 2015.
Here are the expected salaries for 2016:
via: morganmckinley / roberthalf