Being an Ivy League graduate is not a guarantee for a high-paying job in the UAE any more.
Degrees have less of a bearing on what a profession now earns in the Arab world's second-largest economy and there is a good chance mid-tier college graduates can out-earn their peers from more prestigious institutions, according to recruiters.
While prospective employers once laid a stronger emphasis on hiring new candidates with stellar academic qualifications, they are more inclined now to pick graduates with hands-on experience, practical skills, up-to-date certifications or training, and overall suitability for the role, they say.
“A degree doesn’t guarantee long-term earning power in the UAE, and increasingly not anywhere else. Employers here prioritise practical execution, adaptability and how fast someone can learn and deliver,” says Nevin Lewis, chief executive of Black & Grey HR, a Dubai-based executive search and recruitment firm specialising in hiring C-suite and mid to senior level talent across the Gulf region.
“Statistically, many graduates with traditionally ‘high-potential’ degrees still earn less than peers from less obvious disciplines because value creation, resilience and mindset beat paper credentials over time.”
“A prestigious university might get you in the room faster. However, the candidates who win in the long term are those who keep evolving, take smart risks and build their real market value,” Mr Lewis adds.
In some cases, graduates from mid-tier colleges out-earn Ivy League alumni because they choose high-impact roles, stay competitive and do not let pride get in the way of progress, he explains.
The UAE's attractive lifestyle and tax-free salaries are a big draw for skilled professionals from around the world. However, the country is facing a surplus of skilled professionals in many roles, according to recruitment experts.
The Emirates' population is booming and job seekers in many professions now far outstrip the number of available roles. Professionals are flocking to the country and are willing to take jobs for lower salaries just to get their foot in the door, according to HR professionals.
Generation Z – people born between 1996 and 2010 – entering the workforce must do anything and everything they can to gain as much experience as possible. Showing their abilities and the level of their employability, regardless of the level of the job or the industry, will make them stand out among the crowd, says Nicki Wilson, owner and managing director of Genie Recruitment, a Dubai-based consultancy that specialises in hiring across the consumer industry.
New graduates need to keep their eyes and ears open for internships and pursue opportunities while keeping their long-term goals in mind. That said, they should not ignore internships or volunteer work even if it is not directly in line with their future career objectives, she says.
“We are seeing a huge amount of graduates with no work experience whatsoever well into their 20s, which is alarming,” Ms Wilson says.
“There seems to be a disparity with a lot of Gen Z now who don't want to do a lot of the junior or entry-level roles that can teach them core life skills.”
The National asked hiring experts to compile a list of degrees with the highest and lowest earning potential in the UAE and here is what industry experts say.
Degrees with higher earning potential in the UAE
1. Finance, accounting and business administration
These degrees lead to strategy and C-level roles, which are among the highest‑earning roles in the UAE. Candidates with these qualifications can aspire to become chief executives, chief financial officer, senior investment bankers and finance director.
“Finance and accounting are always solid bets, especially if you’ve got extra certifications like CFA, CPA or ACCA. We keep seeing banks and big companies actively looking for people with these backgrounds,” says Aws Ismail, director at recruitment company Marc Ellis.
Salary for entry-level roles: From Dh10,000 ($2,722) to Dh14,000 a month
2. Computer science, artificial intelligence and data science
Technology roles continue to pay well and with technological advances, this will only grow further, ensuring you are futureproofing your earning potential, Ms Wilson says.
There is a real buzz around development, automation and data analytics with the UAE’s focus on leading AI initiatives globally, Mr Ismail says.
“Since not everyone has these skills yet, people who do are climbing the ladder pretty fast and get paid well,” he adds. “With companies and countries competing for talent, we have seen that salary packages are significantly increasing to attract and retain talent in the tech space.”
Mr Lewis from Black & Grey HR points out that degrees aligned with transformation sectors, such as artificial intelligence, data science, cyber security, software engineering, digital marketing and health care, are commanding premium salaries.
These are essential to national strategies like the UAE’s AI 2031 vision and healthcare innovation push, he adds.
Salary for entry-level roles: From Dh10,000 to Dh18,000 a month
3. Law
Lawyers who know UAE laws and contracts do well. Speaking Arabic or another language on top of that offers a huge advantage and becomes even better for the candidate’s market value, Mr Ismail says.
Salary for entry-level roles: From Dh10,000 to Dh16,000 a month
4. Engineering
There is an ever-present need for engineering graduates in the Emirates as that skill set is adaptable across sectors of the UAE economy, Ms Wilson says.
“Engineers are always in demand, especially in the UAE where [a lot of] development is happening, with new and large [scale] projects,” according to Mr Ismail.
“The demand for engineers, whether in energy, infrastructure or real estate, is there, and companies compete for the best talent. If you add qualifications like PMP or RICS, engineers can boost their earning power.”
Mr Lewis says that construction-related degrees remain highly relevant, too. Civil engineering, urban planning and project management degrees are in demand because the pace of development has shown no signs of easing in the country, or for that matter in the broader region.
“From Neom to new Dubai masterplans, infrastructure is a long game here,” he adds.
Salary for entry level roles: From Dh8,000 to Dh15,000 a month
Watch: Why expat packages are not what they used to be
5. Medical and health care
Medical specialists will always be one of the “highest-paying sectors”, according to Ms Wilson.
“Doctors and medical specialists, especially surgeons and consultants, consistently land in the top salary brackets,” Mr Ismail explains.
“We saw a huge rise during the Covid period and from there, it’s been a steady demand, both in hospitals and the broader wellness space.”
Salary for entry-level roles: From Dh12,000 to Dh20,000 a month
Degrees with lower earning potential
At the other end of the spectrum, general degrees in business administration, human resources, finance and hospitality are seeing diminishing returns for candidates, not because they are unimportant, but because of the sheer volume of candidates in the market, says Mr Lewis.
Unless paired with specialised skill sets, certifications or standout results, these do not cut through the noise, he explains.
1. Media and journalism
Ms Wilson says that roles in traditional media and journalism tend to offer modest salaries, unless combined with high-demand digital marketing or brand strategy expertise.
“It is also now a more competitive space than ever with many previous in-demand jobs dropping off, such as copywriting,” she adds.
Salary for entry-level roles: From Dh6,000 to Dh8,000 a month
2. Fine arts and art history
Making a good living in fine arts usually means either building a standout personal brand or finding a very niche role, and with AI becoming more accessible to people to create art, companies are relying less on people and using what is available online, according to Mr Ismail.
Ms Wilson says that for cultural roles, including artists, curators, art historians and teachers, unless you become a very niche specialist, the earning potential is quite low.
Salary for entry-level roles: From Dh5,000 to Dh8,000 a month
3. Sociology, philosophy and broader humanities
“Humanities degrees often lack direct corporate pathways; graduates without additional training in education, policy or HR may find lower entry salaries,” Ms Wilson says.
Although these fields offer great insights about the world, they do not connect graduates directly to high-paying jobs in the UAE, Mr Ismail says.
Demand is not so high and salaries tend to be modest, he adds.
Salary for entry-level roles: From Dh4,000 to Dh8,000 a month
4. Hospitality and tourism
These are vital sectors, especially in the UAE with a huge tourist influx into the country. However, most junior and mid-level roles are tough, they often mean long hours for average pay and very high competition, Mr Ismail explains.
Salary for entry-level roles: Dh2,500 to Dh6,000 a month
5. Education (non-STEM subjects)
“For education degrees, [especially non-STEM – science, technology, engineering, and mathematics – subjects], unless you’re at an international school or have a speciality, compensation isn’t typically high and competition is very high, especially since teachers are relocating from all around the world to come and live in the UAE,” Mr Ismail says.
Salary for entry-level roles: Dh5,000 to Dh9,000 a month (can go up to Dh12,000 for international schools)
6. Environmental science
There are more opportunities for environmental science as sustainability grows, according to Mr Ismail. But unless you are in a big organisation focused on green initiatives that the UAE government is focusing on, pay can still be on the lower side right now, he says.
Salary for entry-level roles: Dh5,000 to Dh9,000 per month for private sector roles, Dh4,000 to Dh7,000 per month in NGOs or research institutions and Dh8,000 to Dh12,000 per month in government or semi-government entities
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UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Try out the test yourself
Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer
Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer
Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer
The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania.
Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press
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Scores in brief:
Day 1
New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38
Pakistan (1st innings) 59-2 (23 overs)