Corporate Banker Average Salary in Dubai 2024
How much money does a person working as Corporate Banker make in Dubai?
LOW
5,940
AED AVERAGE
12,400
AED HIGH
19,400
AED
A person working as Corporate Banker in Dubai typically earns around 12,400 AED. Salaries range from 5,940 AED (lowest) to 19,400 AED (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Corporate Banker salaries in Dubai vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Corporate Banker Pay Scale and Salaries in Dubai
Salary Structure and Pay Scale Comparison
11,600 AED or more
10,200 to 11,600 AED
7,160 AED or less
7,160 to 10,200 AED
 5,940 AED |
11,600 AED |
19,400 AED |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Corporate Banker in Dubai range from 5,940 AED (starting salary) to 19,400 AED (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 11,600 AED, half of the professionals who work as Corporate Banker in Dubai earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Corporate Banker in Dubai earn less than 9,480 AED, while 75% earn more. Similarly, the chart shows that 75% earn less than 13,300 AED while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Corporate Banker in Dubai compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 7,160 AED to 10,200 AED. About 20% of salaries are below the 7,160 AED mark, while 10% fall within the range of 10,200 AED to 11,600 AED. Only 5% of individuals have salaries exceeding 11,600 AED.
Salary Comparison by Years of Experience / Corporate Banker / Dubai
How do experience and age affect pay?
| 0 - 2 Years | 6,950 AED | |
| 2 - 5 Years | +42% | 9,860 AED |
| 5 - 10 Years | +31% | 13,000 AED |
| 10 - 15 Years | +23% | 15,900 AED |
| 15 - 20 Years | +6% | 16,900 AED |
| 20+ Years | +10% | 18,600 AED |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Corporate Banker and this is what we found.
Employees with less than two years of experience earn approximately 6,950 AED.
While someone with an experience level between two and five years is expected to earn 9,860 AED, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 13,000 AED, 31% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 15,900 AED, 23% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 16,900 AED, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 18,600 AED, 10% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Corporate Banker / Dubai
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Corporate Banker.
| Certificate or Diploma | 8,640 AED | |
| Bachelor's Degree | +59% | 13,800 AED |
| Master's Degree | +33% | 18,400 AED |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Corporate Banker in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 8,640 AED.
Level 2: Bachelor's Degree
At this level, the average salary becomes 13,800 AED, 59% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 18,400 AED, 33% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in United Arab Emirates costs anywhere from 71,700 AED to 215,000 AED and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Corporate Banker / Dubai
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Corporate Banker in United Arab Emirates, the average difference between the salary of male and female employees is 6%.
| Male | 11,600 AED | |
| Female | -5% | 10,900 AED |
Salary Comparison By Gender in United Arab Emirates for all Careers
Average Annual Salary Increment Percentage / Corporate Banker / Dubai
How much are annual salary increments in Dubai for individuals working as Corporate Banker? How often do employees get salary raises?
Individuals working as Corporate Banker in United Arab Emirates are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
United Arab Emirates / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Corporate Banker / United Arab Emirates
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/banking/corporate-banker/annual-salary-bonus-rate-united-arab-emirates-corporate-banker.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Corporate Banker / Dubai
71 AED per hourThe average hourly wage (pay per hour) for individuals working as Corporate Banker in Dubai is 71 AED.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Corporate Banker in Dubai is 34 AED. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 25,800 AED |  +110% |
| Assistant Bank Branch Manager | 21,500 AED | +74% |
| Assistant Bank Manager | 30,100 AED | +140% |
| ATM Manager | 23,400 AED | +89% |
| ATM Service Technician | 5,520 AED | -55% |
| Bank Accounts Analyst | 8,500 AED | -31% |
| Bank Accounts Collector | 4,760 AED | -62% |
| Bank Accounts Controller | 11,200 AED | -10% |
| Bank Accounts Executive | 17,700 AED | +43% |
| Bank Accounts Manager | 21,300 AED | +72% |
| Bank Auditing Manager | 21,700 AED | +75% |
| Bank Branch Manager | 29,100 AED | +140% |
| Bank Branch Operations Coordinator | 12,200 AED | -1% |
| Bank Clerk | 4,300 AED | -65% |
| Bank Client Service Associate | 7,020 AED | -43% |
| Bank Collector | 4,610 AED | -63% |
| Bank Compliance Specialist | 14,700 AED | +19% |
| Bank Manager | 36,700 AED | +200% |
| Bank Operational Risk Manager | 36,100 AED | +190% |
| Bank Operations Head | 35,600 AED | +190% |
| Bank Operations Officer | 12,900 AED | +4% |
| Bank Operations Specialist | 20,700 AED | +67% |
| Bank Process Manager | 18,800 AED | +52% |
| Bank Product Manager | 22,700 AED | +83% |
| Bank Programme Manager | 23,600 AED | +91% |
| Bank Project Manager | 28,100 AED | +130% |
| Bank Propositions Manager | 25,900 AED | +110% |
| Bank Quantitative Analyst | 17,100 AED | +38% |
| Bank Regional Manager | 35,700 AED | +190% |
| Bank Regional Risk Officer | 18,000 AED | +45% |
| Bank Relationship Manager | 26,500 AED | +110% |
| Bank Relationship Officer | 11,000 AED | -11% |
| Bank Sustainability Analyst | 20,800 AED | +68% |
| Bank Teller | 5,040 AED | -59% |
| Banker | 12,000 AED | -3% |
| Banking Business Analyst | 18,000 AED | +45% |
| Banking Business Development Officer | 10,300 AED | -17% |
| Banking Business Planning Executive | 26,200 AED | +110% |
| Banking Data Analyst | 19,900 AED | +61% |
| Banking Product Manager | 23,100 AED | +87% |
| Banking Reference Data Manager | 18,800 AED | +52% |
| Banking Regulatory Compliance Officer | 21,000 AED | +70% |
| Banking Risk Analyst | 18,000 AED | +45% |
| Banking Technical Analyst | 9,060 AED | -27% |
| Bankruptcy Coordinator | 12,000 AED | -3% |
| Bill and Account Collector | 5,450 AED | -56% |
| Blockchain Analyst | 15,000 AED | +21% |
| Blockchain Architect | 18,100 AED | +46% |
| Blockchain Auditor | 14,700 AED | +19% |
| Blockchain Compliance Analyst | 15,700 AED | +27% |
| Blockchain Consultant | 17,000 AED | +37% |
| Blockchain Trade Facilitator | 14,900 AED | +20% |
| Budget Analyst | 17,900 AED | +45% |
| Capital Risk Manager | 34,900 AED | +180% |
| Cards Marketing Manager | 22,100 AED | +79% |
| Cash Management Manager | 32,200 AED | +160% |
| Check Processing Manager | 24,000 AED | +94% |
| Chief Blockchain Officer | 20,000 AED | +62% |
| Commercial Vault Associate | 17,200 AED | +39% |
| Corporate Banker | 12,400 AED | +0% |
| Corporate Dealer | 18,200 AED | +47% |
| Credit Analyst | 13,500 AED | +9% |
| Credit and Collections Manager | 25,200 AED | +100% |
| Credit Card Fraud Investigator | 17,600 AED | +42% |
| Credit Portfolio Manager | 34,800 AED | +180% |
| Credit Risk Analyst | 19,900 AED | +61% |
| Credit Risk Associate | 19,100 AED | +54% |
| Cryptocurrency Accountant | 10,400 AED | -16% |
| Cryptocurrency Adviser | 22,100 AED | +79% |
| Cryptocurrency Analyst | 16,600 AED | +34% |
| Cryptocurrency Compliance Manager | 21,500 AED | +74% |
| Cryptocurrency Trader | 17,700 AED | +43% |
| Digital Banking Manager | 23,400 AED | +89% |
| Digital Currency Analyst | 17,300 AED | +40% |
| Direct Bank Sales Representative | 11,900 AED | -4% |
| Exchange Control Consultant | 19,200 AED | +55% |
| Executive Account Analyst | 17,500 AED | +41% |
| Financial Bank Planning Consultant | 23,200 AED | +87% |
| Financial Banking Analysis Manager | 27,700 AED | +120% |
| Financial Banking Assistant | 7,350 AED | -41% |
| Financial Banking Systems Manager | 24,400 AED | +97% |
| Foreign Exchange Manager | 26,900 AED | +120% |
| Fraud Analyst | 19,700 AED | +59% |
| Fraud Detection Associate | 12,800 AED | +3% |
| Fraud Detection Manager | 28,900 AED | +130% |
| Fraud Detection Supervisor | 14,700 AED | +19% |
| Internal Bank Audit Manager | 34,000 AED | +170% |
| Internal Bank Auditor | 17,800 AED | +44% |
| Internal Private Banker | 12,500 AED | +1% |
| International Banking Manager | 36,600 AED | +200% |
| Investment Banking Analyst | 25,800 AED | +110% |
| Loan Analyst | 16,700 AED | +35% |
| Loan Area Manager | 22,500 AED | +82% |
| Loan Audit Team Leader | 20,900 AED | +69% |
| Loan Branch Manager | 19,200 AED | +55% |
| Loan Business Development Officer | 9,970 AED | -19% |
| Loan Clerk | 5,340 AED | -57% |
| Loan Collection and Recovery Manager | 20,700 AED | +67% |
| Loan Collection Manager | 22,300 AED | +80% |
| Loan Collector | 4,710 AED | -62% |
| Loan Examiner | 6,950 AED | -44% |
| Loan Officer | 5,940 AED | -52% |
| Loan Processing Manager | 19,900 AED | +61% |
| Loan Processor | 6,880 AED | -44% |
| Loan Quality Assurance Auditor | 17,800 AED | +44% |
| Loan Quality Assurance Manager | 20,400 AED | +65% |
| Loan Quality Assurance Representative | 13,400 AED | +8% |
| Loan Review Manager | 19,600 AED | +58% |
| Loan Team Leader | 17,800 AED | +44% |
| Loans Manager | 23,600 AED | +91% |
| Mortgage Advisor | 12,100 AED | -2% |
| Mortgage Collection Manager | 22,000 AED | +78% |
| Mortgage Collector | 4,640 AED | -63% |
| Mortgage Credit Analyst | 8,690 AED | -30% |
| Mortgage Credit Manager | 20,500 AED | +66% |
| Mortgage Development Manager | 22,000 AED | +78% |
| Mortgage Document Reviewer | 6,710 AED | -46% |
| Mortgage Funding Manager | 23,400 AED | +89% |
| Mortgage Operations Manager | 32,800 AED | +160% |
| Mortgage Payment Processing Clerk | 5,580 AED | -55% |
| Mortgage Processing Manager | 21,100 AED | +70% |
| Mortgage Processor | 6,810 AED | -45% |
| Mortgage Quality Assurance Auditor | 17,200 AED | +39% |
| Mortgage Quality Assurance Manager | 20,400 AED | +65% |
| Mortgage Servicing Clerk | 5,060 AED | -59% |
| Mortgage Servicing Manager | 19,800 AED | +60% |
| Mortgage Underwriter | 6,850 AED | -45% |
| Online Banking Manager | 31,700 AED | +160% |
| Open Banking Strategist | 18,200 AED | +47% |
| Payment Processing Clerk | 5,400 AED | -56% |
| Personal Banker | 12,100 AED | -2% |
| Personal Banking Advisor | 12,400 AED | +0% |
| Phone Banker | 7,830 AED | -37% |
| Private Banker | 12,900 AED | +4% |
| Reconciliation and Investigation Specialist | 14,700 AED | +19% |
| Tax Officer | 9,780 AED | -21% |
| Teller | 5,160 AED | -58% |
| Trade Officer | 6,080 AED | -51% |
| Trade Product Manager | 20,700 AED | +67% |
| Trader | 8,000 AED | -35% |
| Treasury Operations Officer | 15,100 AED | +22% |
| Wealth Management Advisor | 27,400 AED | +120% |
Salary Comparison By City
| City | Average Salary |
| Abu Dhabi | 12,100 AED |
| Al Ain | 11,400 AED |
| Dubai | 12,400 AED |
| Fujairah | 10,400 AED |
| Ras Al Khaimah | 10,800 AED |
| Sharjah | 11,800 AED |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Arab Emirates is 6% on average across all career fields.
| Private Sector | 13,800 AED | |
| Public Sector | +6% | 14,700 AED |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Corporate Banker in Dubai?
A good and competitive compensation would range anywhere between 11,600 AED and 13,300 AED. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Corporate Banker in Dubai ranges from 5,940 AED to 9,480 AED. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
