Financial Analyst Average Salary in Dubai 2024
How much money does a person working as Financial Analyst make in Dubai?
LOW
9,830
AED AVERAGE
20,500
AED HIGH
32,200
AED
A person working as Financial Analyst in Dubai typically earns around 20,500 AED. Salaries range from 9,830 AED (lowest) to 32,200 AED (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Analyst salaries in Dubai vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Analyst Pay Scale and Salaries in Dubai
Salary Structure and Pay Scale Comparison
19,100 AED or more
16,900 to 19,100 AED
11,800 AED or less
11,800 to 16,900 AED
 9,830 AED |
19,300 AED |
32,200 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 Financial Analyst in Dubai range from 9,830 AED (starting salary) to 32,200 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 19,300 AED, half of the professionals who work as Financial Analyst 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 Financial Analyst in Dubai earn less than 15,700 AED, while 75% earn more. Similarly, the chart shows that 75% earn less than 22,100 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 Financial Analyst in Dubai compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 11,800 AED to 16,900 AED. About 20% of salaries are below the 11,800 AED mark, while 10% fall within the range of 16,900 AED to 19,100 AED. Only 5% of individuals have salaries exceeding 19,100 AED.
Salary Comparison by Years of Experience / Financial Analyst / Dubai
How do experience and age affect pay?
| 0 - 2 Years | 11,500 AED | |
| 2 - 5 Years | +42% | 16,300 AED |
| 5 - 10 Years | +31% | 21,400 AED |
| 10 - 15 Years | +23% | 26,400 AED |
| 15 - 20 Years | +6% | 28,000 AED |
| 20+ Years | +10% | 30,700 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 Financial Analyst and this is what we found.
Employees with less than two years of experience earn approximately 11,500 AED.
While someone with an experience level between two and five years is expected to earn 16,300 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 21,400 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 26,400 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 28,000 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 30,700 AED, 10% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Analyst / Dubai
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Analyst.
| High School | 14,300 AED | |
| Certificate or Diploma | +16% | 16,500 AED |
| Bachelor's Degree | +46% | 24,100 AED |
| Master's Degree | +23% | 29,700 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 Financial Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 14,300 AED.
Level 2: Certificate or Diploma
At this level, the average salary becomes 16,500 AED, 16% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 24,100 AED, 46% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 29,700 AED, 23% 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 / Financial Analyst / 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 Financial Analyst in United Arab Emirates, the average difference between the salary of male and female employees is 6%.
| Male | 19,300 AED | |
| Female | -5% | 18,300 AED |
Salary Comparison By Gender in United Arab Emirates for all Careers
Average Annual Salary Increment Percentage / Financial Analyst / Dubai
How much are annual salary increments in Dubai for individuals working as Financial Analyst? How often do employees get salary raises?
Individuals working as Financial Analyst 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 / Financial Analyst / United Arab Emirates
How much and how often are bonuses being awarded?
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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 / Financial Analyst / Dubai
120 AED per hourThe average hourly wage (pay per hour) for individuals working as Financial Analyst in Dubai is 120 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 Financial Analyst in Dubai is 57 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 |
| Accounting and Finance |  -100% | |
| Account Examiner | 7,510 AED | -63% |
| Account Executive | 14,100 AED | -31% |
| Accountant | 10,500 AED | -49% |
| Accounting Analyst | 14,100 AED | -31% |
| Accounting Assistant | 8,100 AED | -60% |
| Accounting Associate | 7,570 AED | -63% |
| Accounting Clerk | 6,020 AED | -71% |
| Accounting Coordinator | 9,310 AED | -55% |
| Accounting Head | 23,200 AED |  +13% |
| Accounting Manager | 24,100 AED | +18% |
| Accounting Officer | 7,320 AED | -64% |
| Accounting Specialist | 15,000 AED | -27% |
| Accounting Supervisor | 15,200 AED | -26% |
| Accounting Technician | 7,450 AED | -64% |
| Accounting Unit Controller | 18,400 AED | -10% |
| Accounts Executive | 13,600 AED | -34% |
| Accounts Officer | 8,250 AED | -60% |
| Accounts Payable and Receivable Specialist | 10,700 AED | -48% |
| Accounts Payable Assistant | 8,340 AED | -59% |
| Accounts Payable Associate | 9,270 AED | -55% |
| Accounts Payable Clerk | 7,660 AED | -63% |
| Accounts Payable Manager | 23,500 AED | +15% |
| Accounts Receivable Administrator | 16,600 AED | -19% |
| Accounts Receivable Clerk | 7,290 AED | -64% |
| Accounts Receivable Financial Analyst | 16,200 AED | -21% |
| Accounts Receivable Manager | 22,000 AED | +7% |
| Accounts Receivable Team Leader | 15,800 AED | -23% |
| Algorithmic Trading Specialist | 19,600 AED | -4% |
| Assistant Accountant | 8,130 AED | -60% |
| Assistant Accounting Manager | 22,400 AED | +9% |
| Assistant Auditor | 10,300 AED | -50% |
| Assistant Corporate Controller | 15,900 AED | -22% |
| Assistant Finance Manager | 25,300 AED | +24% |
| Assistant Financial Controller | 15,500 AED | -24% |
| Audit Director | 26,300 AED | +28% |
| Audit Supervisor | 21,200 AED | +4% |
| Auditing Clerk | 8,250 AED | -60% |
| Auditing Manager | 24,500 AED | +20% |
| Billing Clerk | 7,940 AED | -61% |
| Billing Coordinator | 10,000 AED | -51% |
| Billing Specialist | 11,700 AED | -43% |
| Billing Supervisor | 17,200 AED | -16% |
| Bookkeeper | 6,720 AED | -67% |
| Bookkeeping Specialist | 10,700 AED | -48% |
| Budget Analyst | 20,500 AED | +0% |
| Budget Manager | 23,200 AED | +13% |
| Business Support Analyst | 11,800 AED | -42% |
| Capital Markets Associate | 16,400 AED | -20% |
| Cash Flow Analyst | 17,000 AED | -17% |
| Cash Management Manager | 23,300 AED | +14% |
| Cash Management Officer | 13,200 AED | -36% |
| Cashbook Clerk | 6,760 AED | -67% |
| Chartered Accountant | 13,800 AED | -33% |
| Chief Accountant | 17,000 AED | -17% |
| Chief Financial Technology Officer | 23,900 AED | +17% |
| Collections Clerk | 6,330 AED | -69% |
| Collections Representative | 9,140 AED | -55% |
| Collections Specialist | 11,100 AED | -46% |
| Corporate Controller | 17,400 AED | -15% |
| Corporate Treasurer | 22,100 AED | +8% |
| Cost Accountant | 10,800 AED | -47% |
| Cost Accounting Manager | 23,600 AED | +15% |
| Cost Accounting Supervisor | 18,000 AED | -12% |
| Cost Analyst | 17,300 AED | -16% |
| Credit and Collection Manager | 22,400 AED | +9% |
| Credit and Collection Staff | 7,540 AED | -63% |
| Credit and Loans Officer | 7,250 AED | -65% |
| Credit Controller | 15,300 AED | -25% |
| Credit Manager | 24,300 AED | +19% |
| Debt Adviser | 19,000 AED | -7% |
| Debt Collector | 8,700 AED | -58% |
| Debtors Clerk | 6,880 AED | -66% |
| Debtors Controller | 7,320 AED | -64% |
| Deputy CFO | 33,000 AED | +61% |
| Deputy Head of Finance | 31,400 AED | +53% |
| Derivative Trader | 19,200 AED | -6% |
| Director of Finance | 35,800 AED | +75% |
| E-commerce Accountant | 11,000 AED | -46% |
| Economist | 28,300 AED | +38% |
| Equity Analyst | 19,600 AED | -4% |
| Escrow Assistant | 9,800 AED | -52% |
| Executive Accountant | 12,400 AED | -39% |
| External Auditor | 16,400 AED | -20% |
| Finance Administrator | 13,000 AED | -37% |
| Finance Analyst | 21,600 AED | +5% |
| Finance Associate | 9,510 AED | -54% |
| Finance Data Analyst | 17,500 AED | -15% |
| Finance Director | 33,400 AED | +63% |
| Finance Executive | 25,600 AED | +25% |
| Finance Licensing Clerk | 7,690 AED | -62% |
| Finance Licensing Manager | 21,300 AED | +4% |
| Finance Licensing Specialist | 11,800 AED | -42% |
| Finance Manager | 32,500 AED | +59% |
| Finance Officer | 9,930 AED | -52% |
| Finance President | 36,500 AED | +78% |
| Finance Relationship Manager | 25,800 AED | +26% |
| Finance Release Analyst | 12,800 AED | -38% |
| Finance Specialist | 19,100 AED | -7% |
| Finance Team Leader | 25,500 AED | +25% |
| Financial Accountant | 10,300 AED | -50% |
| Financial Actuary | 17,600 AED | -14% |
| Financial Administrator | 18,800 AED | -8% |
| Financial Advisor | 21,600 AED | +5% |
| Financial Analyst | 20,500 AED | +0% |
| Financial Applications Specialist | 13,700 AED | -33% |
| Financial Assistant | 8,510 AED | -58% |
| Financial Associate | 9,870 AED | -52% |
| Financial Claims Analyst | 15,100 AED | -26% |
| Financial Claims Manager | 21,000 AED | +3% |
| Financial Claims Supervisor | 18,000 AED | -12% |
| Financial Clerk | 7,680 AED | -63% |
| Financial Commercial Analyst | 16,200 AED | -21% |
| Financial Compliance Analyst | 18,600 AED | -9% |
| Financial Compliance Officer | 17,600 AED | -14% |
| Financial Consultant | 14,600 AED | -29% |
| Financial Controller | 18,500 AED | -10% |
| Financial Coordinator | 9,550 AED | -53% |
| Financial Customer Service Manager | 21,700 AED | +6% |
| Financial Data Scientist | 21,500 AED | +5% |
| Financial Dealer and Broker | 11,400 AED | -44% |
| Financial Director | 33,800 AED | +65% |
| Financial Encoder | 8,580 AED | -58% |
| Financial Manager | 34,100 AED | +66% |
| Financial Modelling Analyst | 21,300 AED | +4% |
| Financial Operations Manager | 30,400 AED | +48% |
| Financial Policy Analyst | 18,000 AED | -12% |
| Financial Project Manager | 24,600 AED | +20% |
| Financial Quantitative Analyst | 19,600 AED | -4% |
| Financial Reporting Consultant | 15,900 AED | -22% |
| Financial Reporting Manager | 22,600 AED | +10% |
| Financial Section Head | 22,300 AED | +9% |
| Financial Services Manager | 28,600 AED | +40% |
| Financial Services Sales Agent | 11,500 AED | -44% |
| Financial Technology Consultant | 17,100 AED | -17% |
| Financial Wellness Coach | 23,400 AED | +14% |
| FinTech Analyst | 19,900 AED | -3% |
| Fixed Assets Administrator | 11,500 AED | -44% |
| Forensic Accountant | 12,300 AED | -40% |
| Fraud Detection Supervisor | 13,100 AED | -36% |
| Fraud Prevention Manager | 23,300 AED | +14% |
| Fund Accountant | 10,400 AED | -49% |
| Grants Coordinator | 7,840 AED | -62% |
| Green Finance Analyst | 17,800 AED | -13% |
| Group Financial Manager | 34,100 AED | +66% |
| Internal Auditor | 14,500 AED | -29% |
| Internal Control Adviser | 17,100 AED | -17% |
| Internal Control Officer | 9,080 AED | -56% |
| International Tax Director | 28,000 AED | +37% |
| Inventory Accountant | 10,900 AED | -47% |
| Investment Advisor | 32,700 AED | +60% |
| Investment Analyst | 22,000 AED | +7% |
| Investment Associate | 19,400 AED | -5% |
| Investment Broker | 19,000 AED | -7% |
| Investment Fund Manager | 27,000 AED | +32% |
| Investment Operations Manager | 26,400 AED | +29% |
| Investment Underwriter | 8,650 AED | -58% |
| Investor | 14,800 AED | -28% |
| Investor Relations Manager | 22,200 AED | +8% |
| KYC Team Leader | 22,800 AED | +11% |
| Loan Processor | 8,950 AED | -56% |
| Management Accountant | 12,200 AED | -40% |
| Management Economist | 25,900 AED | +26% |
| Paymaster | 8,410 AED | -59% |
| Payroll Administrator | 15,000 AED | -27% |
| Payroll Benefits Coordinator | 11,800 AED | -42% |
| Payroll Billing Manager | 21,000 AED | +3% |
| Payroll Clerk | 9,640 AED | -53% |
| Payroll Manager | 20,400 AED | -0% |
| Payroll Officer | 9,470 AED | -54% |
| Payroll Specialist | 10,800 AED | -47% |
| Payroll Supervisor | 14,200 AED | -31% |
| Pensions Administrator | 11,000 AED | -46% |
| Personal Financial Advisor | 16,500 AED | -19% |
| Pricing Analyst | 18,400 AED | -10% |
| Private Equity Analyst | 19,700 AED | -4% |
| Project Accountant | 11,800 AED | -42% |
| Proposal Development Coordinator | 9,000 AED | -56% |
| Quantitative Trader | 15,400 AED | -25% |
| Receivables Accountant | 10,300 AED | -50% |
| Regulatory Accountant | 11,800 AED | -42% |
| Retirement Plan Analyst | 17,400 AED | -15% |
| Revenue Management Specialist | 18,600 AED | -9% |
| Revenue Recognition Analyst | 21,400 AED | +4% |
| Risk Management Director | 28,100 AED | +37% |
| Risk Management Supervisor | 23,500 AED | +15% |
| Staff Accountant | 10,400 AED | -49% |
| Tax Accountant | 10,000 AED | -51% |
| Tax Administrator | 12,400 AED | -39% |
| Tax Advisor | 16,900 AED | -17% |
| Tax Analyst | 17,300 AED | -16% |
| Tax Associate | 9,110 AED | -56% |
| Tax Consultant | 18,600 AED | -9% |
| Tax Director | 25,700 AED | +25% |
| Tax Examiner | 12,100 AED | -41% |
| Tax Manager | 22,500 AED | +10% |
| Tax Research Manager | 23,100 AED | +13% |
| Teller | 5,850 AED | -71% |
| Treasury Accountant | 11,400 AED | -44% |
| Treasury Analyst | 18,500 AED | -10% |
| Underwriter | 7,330 AED | -64% |
| Underwriting Assistant | 6,310 AED | -69% |
| Vice President of Finance | 31,000 AED | +51% |
Salary Comparison By City
| City | Average Salary |
| Abu Dhabi | 20,200 AED |
| Al Ain | 19,300 AED |
| Dubai | 20,500 AED |
| Fujairah | 17,800 AED |
| Ras Al Khaimah | 17,500 AED |
| Sharjah | 20,400 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 Financial Analyst in Dubai?
A good and competitive compensation would range anywhere between 19,300 AED and 22,100 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 Financial Analyst in Dubai ranges from 9,830 AED to 15,700 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
