The prospect of teaching abroad is an exciting one, offering the opportunity to immerse oneself in a new culture, meet new people, and gain valuable professional experience. However, one of the key considerations for any potential expatriate is the financial aspect. How much disposable income can you expect to have? This is a particularly pertinent question for international teachers considering a position with IQTS in Malaysia. In this piece, we’ll delve into the financial realities of teaching abroad in Malaysia, with a particular focus on the potential for a six-figure disposable income.
Understanding Disposable Income
Before we delve into the specifics of teaching in Malaysia, it’s important to understand what we mean by ‘disposable income’. In simple terms, disposable income is the amount of money that an individual or household has available to spend or save after income taxes have been deducted. It’s the money you have left over after all your necessary expenses, like rent, utilities, and groceries, have been paid.
Having a high disposable income can significantly enhance your quality of life, allowing you to enjoy leisure activities, travel, and save for the future. However, it’s also worth noting that the cost of living can vary greatly from one country to another, so a high disposable income in one country might not go as far in another.
The Financial Realities of Teaching in Malaysia
Now, let’s turn our attention to the financial realities of teaching in Malaysia. The country offers a competitive salary for international teachers, particularly those with experience and qualifications. The average salary for an international teacher in Malaysia is around MYR 10,000 per month, which equates to approximately £1,800 or $2,500.
However, the real financial benefit of teaching in Malaysia comes from the relatively low cost of living. Accommodation, food, transportation, and leisure activities are all significantly cheaper than in many Western countries. This means that even though the salary might not seem as high as in some other countries, your disposable income can be much higher.
Accommodation Costs
One of the biggest expenses for any expatriate is accommodation. However, in Malaysia, the cost of accommodation is relatively low. A one-bedroom apartment in the city centre will typically cost between MYR 1,500 and MYR 2,500 per month, while a similar apartment outside the city centre will cost between MYR 800 and MYR 1,500.
Many international teachers choose to share accommodation with colleagues to further reduce costs. This can also be a great way to build a social network in your new home.
Food and Drink
Food and drink are another area where you can save money in Malaysia. The country is famous for its street food, which is not only delicious but also incredibly cheap. A meal at a local hawker centre can cost as little as MYR 5, while a meal at a more upscale restaurant will typically cost between MYR 30 and MYR 50.
Alcohol is more expensive in Malaysia due to high taxes, but if you’re willing to stick to local beers and spirits, you can still enjoy a night out without breaking the bank.
Reaching the Six-Figure Mark
So, is it possible to achieve a six-figure disposable income as an international teacher in Malaysia? The answer is a resounding yes. With careful budgeting and a sensible approach to spending, it’s entirely possible to save a significant portion of your salary each month.
Of course, everyone’s financial situation is different, and what works for one person might not work for another. However, with the competitive salaries offered by IQTS and the low cost of living in Malaysia, the potential for a six-figure disposable income is certainly there.
Conclusion
Teaching abroad is a fantastic opportunity, both professionally and personally. And when it comes to financial considerations, Malaysia offers a compelling proposition. With competitive salaries and a low cost of living, international teachers can enjoy a high disposable income, allowing them to fully experience all that this vibrant and diverse country has to offer.
So, if you’re considering a move abroad and are attracted by the prospect of a six-figure disposable income, why not consider a position with IQTS in Malaysia? It could be the best decision you ever make.
Advance Your Teaching Career with iQTS
Ready to take your teaching career to the next level in Malaysia and beyond? Join The IQTS at UWE and embark on the International Qualified Teacher Status (iQTS) Programme. Overcome the barriers of stringent qualification requirements, enhance your career progression with a significant salary boost, connect with a global community of educators, and gain a comprehensive understanding of international curricula. With flexible online study options, the iQTS programme is the perfect fit for busy teachers looking to balance professional development with their existing commitments. Don’t miss out on the opportunity to become more adaptable and sought-after in the international teaching market. Make Your Next Step and join a network of successful international educators today.