China, which has the world’s fastest-growing economy and is home to 300 million English students, provides the largest and one of the most lucrative job markets on the planet for teaching English abroad. This is because China is home to 300 million English students. China is the place to be if you are interested in this line of work and want to further your career there. The amount of money that an English teacher can make in China can vary greatly depending on the types of jobs and employers that they work for; however, the majority of English teachers from the United States, Canada, and the United Kingdom who are beginning their careers in China report earning between 15,000 and 30,000 RMB per month. This is due to the size of China’s market for English language instruction. or other countries with a native English-speaking population may make anything from 8,000 RMB (about $1,200) to 18,000 RMB (roughly $2,600) per month on average, despite the fact that some individuals make more than that amount.
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Many people who teach English in China are offered either free lodging or a stipend to cover their housing costs (about 3,000 RMB per month), and some of them are also offered free flights or have their travel costs repaid. In addition, many schools in China require their English instructors to have a bachelor’s degree or higher in their field.
What precisely does this entail for me when it comes to the practical side of things?
Even while such incomes may not be particularly high in absolute terms when compared to what you would perceive to be a good pay in your own country, the cost of living in China is substantially cheaper, and employers often cover the cost of housing for their employees. As a consequence of this, the vast majority of English teachers in China are able to make enough money to save the equivalent of $600 to $1,750 per month after expenses. Additionally, some teachers are able to save more than $1,500 per month after expenses, which is equivalent to up to $20,000 per year.
How come I am able to put quite a bit of money away?
Cost Reductions in Everyday Activities
It is estimated that the cost of living in China is around half of what it is in the United States; hence, if you choose to live in China, your income will go farther and it will be easier to save money there. It is important to keep in mind that earnings are often lower in locations that concurrently have a lower cost of living. This indicates that despite these considerations, you may still be able to save a large percentage of your income.
In many cases, housing costs are paid for by the tenant.
If you teach English in China and your living expenses are paid for, as they often are for English instructors there, you will be able to retain a greater portion of your monthly pay. In comparison, the typical American family spends between 25 and 35 percent of their monthly income on housing-related expenses, including rent and other housing-related charges. This scenario exists in the United States.
In addition to paid vacation and sick leave, the employer pays for health insurance.
The majority of English teachers in China are entitled for a variety of perks, including paid time off and medical coverage for themselves and their families.