Financial Analyst Average Salary in Jeddah 2024

How much money does a person working as Financial Analyst make in Jeddah?

Average Monthly Salary

22,200 SAR

( 266,000 SAR yearly)

LOW
10,200
SAR AVERAGE
22,200
SAR HIGH
35,300
SAR

Financial Analyst Pay Scale and Salaries in Jeddah

Salary Structure and Pay Scale Comparison

5% of people earn
21,100 SAR or more

10% of people earn
18,400 to 21,100 SAR

20% of people earn
12,700 SAR or less

65% of people earn
12,700 to 18,400 SAR

Minimum Salary 10,200 SAR

Median 21,200 SAR

Maximum 35,300 SAR

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 Jeddah range from 10,200 SAR (starting salary) to 35,300 SAR (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 21,200 SAR, half of the professionals who work as Financial Analyst in Jeddah 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 Jeddah earn less than 17,100 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 24,500 SAR 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 Jeddah compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 12,700 SAR to 18,400 SAR. About 20% of salaries are below the 12,700 SAR mark, while 10% fall within the range of 18,400 SAR to 21,100 SAR. Only 5% of individuals have salaries exceeding 21,100 SAR.

Salary Comparison by Years of Experience / Financial Analyst / Jeddah

How do experience and age affect pay?

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 11,600 SAR.

While someone with an experience level between two and five years is expected to earn 15,500 SAR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 22,900 SAR, 48% 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 27,900 SAR, 22% 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 30,400 SAR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 32,900 SAR, 8% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary Comparison By Education / Financial Analyst / Jeddah

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Financial Analyst.

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 14,200 SAR.

Level 2: Certificate or Diploma

At this level, the average salary becomes 16,700 SAR, 18% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 24,300 SAR, 45% more than the previous level.

Level 4: Master's Degree

At this level, the average salary becomes 31,800 SAR, 31% more than the previous level.

Typical Salary Difference by Education for Most Careers

Salary and Compensation Comparison By Gender / Financial Analyst / Jeddah

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 Saudi Arabia, the average difference between the salary of male and female employees is 9%.

Salary Comparison By Gender in Saudi Arabia for all Careers

Average Annual Salary Increment Percentage / Financial Analyst / Jeddah

How much are annual salary increments in Jeddah for individuals working as Financial Analyst? How often do employees get salary raises?

Individuals working as Financial Analyst in Saudi Arabia 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.

Saudi Arabia / 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

Bonus and Incentive Rates / Financial Analyst / Saudi Arabia

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 Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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?

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 / Jeddah

130 SAR per hour

The average hourly wage (pay per hour) for individuals working as Financial Analyst in Jeddah is 130 SAR.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 Jeddah is 59 SAR. 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

Accounting and Finance		-100%
Account Examiner	8,860 SAR	-60%
Account Executive	15,000 SAR	-32%
Accountant	12,400 SAR	-44%
Accounting Analyst	15,100 SAR	-32%
Accounting Assistant	9,270 SAR	-58%
Accounting Associate	8,560 SAR	-61%
Accounting Clerk	7,350 SAR	-67%
Accounting Coordinator	10,600 SAR	-52%
Accounting Head	23,700 SAR	+7%
Accounting Manager	25,800 SAR	+16%
Accounting Officer	8,650 SAR	-61%
Accounting Specialist	16,700 SAR	-25%
Accounting Supervisor	16,400 SAR	-26%
Accounting Technician	8,480 SAR	-62%
Accounting Unit Controller	19,500 SAR	-12%
Accounts Executive	16,000 SAR	-28%
Accounts Officer	9,160 SAR	-59%
Accounts Payable and Receivable Specialist	12,600 SAR	-43%
Accounts Payable Assistant	10,200 SAR	-54%
Accounts Payable Associate	11,400 SAR	-49%
Accounts Payable Clerk	8,590 SAR	-61%
Accounts Payable Manager	24,100 SAR	+9%
Accounts Receivable Administrator	17,400 SAR	-22%
Accounts Receivable Clerk	8,610 SAR	-61%
Accounts Receivable Financial Analyst	17,100 SAR	-23%
Accounts Receivable Manager	23,700 SAR	+7%
Accounts Receivable Team Leader	17,900 SAR	-19%
Algorithmic Trading Specialist	21,800 SAR	-2%
Assistant Accountant	8,850 SAR	-60%
Assistant Accounting Manager	22,500 SAR	+1%
Assistant Auditor	12,200 SAR	-45%
Assistant Corporate Controller	16,800 SAR	-24%
Assistant Finance Manager	25,900 SAR	+17%
Assistant Financial Controller	16,000 SAR	-28%
Audit Director	26,700 SAR	+20%
Audit Supervisor	21,300 SAR	-4%
Auditing Clerk	9,160 SAR	-59%
Auditing Manager	24,400 SAR	+10%
Billing Clerk	9,090 SAR	-59%
Billing Coordinator	11,400 SAR	-49%
Billing Specialist	13,400 SAR	-40%
Billing Supervisor	18,900 SAR	-15%
Bookkeeper	7,740 SAR	-65%
Bookkeeping Specialist	11,600 SAR	-48%
Budget Analyst	21,300 SAR	-4%
Budget Manager	24,300 SAR	+9%
Business Support Analyst	13,800 SAR	-38%
Capital Markets Associate	18,500 SAR	-17%
Cash Flow Analyst	18,700 SAR	-16%
Cash Management Manager	23,300 SAR	+5%
Cash Management Officer	14,200 SAR	-36%
Cashbook Clerk	8,140 SAR	-63%
Chartered Accountant	15,100 SAR	-32%
Chief Accountant	17,400 SAR	-22%
Chief Financial Technology Officer	26,300 SAR	+18%
Collections Clerk	7,790 SAR	-65%
Collections Representative	10,800 SAR	-51%
Collections Specialist	12,700 SAR	-43%
Corporate Controller	20,000 SAR	-10%
Corporate Treasurer	23,900 SAR	+8%
Cost Accountant	12,100 SAR	-46%
Cost Accounting Manager	23,600 SAR	+6%
Cost Accounting Supervisor	18,700 SAR	-16%
Cost Analyst	19,900 SAR	-10%
Credit and Collection Manager	23,500 SAR	+6%
Credit and Collection Staff	8,860 SAR	-60%
Credit and Loans Officer	8,610 SAR	-61%
Credit Controller	16,100 SAR	-27%
Credit Manager	26,100 SAR	+18%
Debt Adviser	19,200 SAR	-14%
Debt Collector	9,870 SAR	-56%
Debtors Clerk	8,040 SAR	-64%
Debtors Controller	8,650 SAR	-61%
Deputy CFO	32,300 SAR	+45%
Deputy Head of Finance	32,400 SAR	+46%
Derivative Trader	20,400 SAR	-8%
Director of Finance	34,200 SAR	+54%
E-commerce Accountant	12,900 SAR	-42%
Economist	28,700 SAR	+29%
Equity Analyst	20,800 SAR	-6%
Escrow Assistant	10,700 SAR	-52%
Executive Accountant	13,700 SAR	-38%
External Auditor	17,300 SAR	-22%
Finance Administrator	14,300 SAR	-36%
Finance Analyst	21,200 SAR	-5%
Finance Associate	10,100 SAR	-55%
Finance Data Analyst	19,700 SAR	-11%
Finance Director	36,100 SAR	+63%
Finance Executive	26,200 SAR	+18%
Finance Licensing Clerk	8,700 SAR	-61%
Finance Licensing Manager	24,200 SAR	+9%
Finance Licensing Specialist	13,100 SAR	-41%
Finance Manager	32,600 SAR	+47%
Finance Officer	12,100 SAR	-46%
Finance President	34,900 SAR	+57%
Finance Relationship Manager	27,600 SAR	+24%
Finance Release Analyst	13,500 SAR	-39%
Finance Specialist	20,300 SAR	-9%
Finance Team Leader	26,600 SAR	+20%
Financial Accountant	11,600 SAR	-48%
Financial Actuary	18,800 SAR	-15%
Financial Administrator	19,500 SAR	-12%
Financial Advisor	21,200 SAR	-5%
Financial Analyst	22,200 SAR	-0%
Financial Applications Specialist	15,400 SAR	-31%
Financial Assistant	9,410 SAR	-58%
Financial Associate	11,700 SAR	-47%
Financial Claims Analyst	16,800 SAR	-24%
Financial Claims Manager	21,100 SAR	-5%
Financial Claims Supervisor	20,700 SAR	-7%
Financial Clerk	9,720 SAR	-56%
Financial Commercial Analyst	18,400 SAR	-17%
Financial Compliance Analyst	18,800 SAR	-15%
Financial Compliance Officer	18,300 SAR	-18%
Financial Consultant	15,800 SAR	-29%
Financial Controller	19,300 SAR	-13%
Financial Coordinator	10,600 SAR	-52%
Financial Customer Service Manager	21,800 SAR	-2%
Financial Data Scientist	22,700 SAR	+2%
Financial Dealer and Broker	12,700 SAR	-43%
Financial Director	36,600 SAR	+65%
Financial Encoder	9,880 SAR	-55%
Financial Manager	34,300 SAR	+54%
Financial Modelling Analyst	20,900 SAR	-6%
Financial Operations Manager	31,500 SAR	+42%
Financial Policy Analyst	19,700 SAR	-11%
Financial Project Manager	24,500 SAR	+10%
Financial Quantitative Analyst	20,800 SAR	-6%
Financial Reporting Consultant	18,000 SAR	-19%
Financial Reporting Manager	24,300 SAR	+9%
Financial Section Head	23,500 SAR	+6%
Financial Services Manager	29,600 SAR	+33%
Financial Services Sales Agent	13,400 SAR	-40%
Financial Technology Consultant	19,200 SAR	-14%
Financial Wellness Coach	23,900 SAR	+8%
FinTech Analyst	21,100 SAR	-5%
Fixed Assets Administrator	12,900 SAR	-42%
Forensic Accountant	13,900 SAR	-37%
Fraud Detection Supervisor	15,500 SAR	-30%
Fraud Prevention Manager	24,400 SAR	+10%
Fund Accountant	12,000 SAR	-46%
Grants Coordinator	8,810 SAR	-60%
Green Finance Analyst	18,600 SAR	-16%
Group Financial Manager	36,000 SAR	+62%
Internal Auditor	15,700 SAR	-29%
Internal Control Adviser	19,700 SAR	-11%
Internal Control Officer	10,400 SAR	-53%
International Tax Director	29,100 SAR	+31%
Inventory Accountant	13,200 SAR	-41%
Investment Advisor	32,100 SAR	+45%
Investment Analyst	24,900 SAR	+12%
Investment Associate	20,700 SAR	-7%
Investment Broker	20,200 SAR	-9%
Investment Fund Manager	26,100 SAR	+18%
Investment Operations Manager	28,200 SAR	+27%
Investment Underwriter	10,500 SAR	-53%
Investor	16,500 SAR	-26%
Investor Relations Manager	24,500 SAR	+10%
KYC Team Leader	23,400 SAR	+5%
Loan Processor	10,400 SAR	-53%
Management Accountant	13,500 SAR	-39%
Management Economist	28,400 SAR	+28%
Paymaster	10,300 SAR	-54%
Payroll Administrator	16,700 SAR	-25%
Payroll Benefits Coordinator	13,400 SAR	-40%
Payroll Billing Manager	21,100 SAR	-5%
Payroll Clerk	10,500 SAR	-53%
Payroll Manager	23,200 SAR	+4%
Payroll Officer	10,600 SAR	-52%
Payroll Specialist	12,100 SAR	-46%
Payroll Supervisor	15,400 SAR	-31%
Pensions Administrator	12,900 SAR	-42%
Personal Financial Advisor	18,600 SAR	-16%
Pricing Analyst	21,100 SAR	-5%
Private Equity Analyst	21,400 SAR	-4%
Project Accountant	12,900 SAR	-42%
Proposal Development Coordinator	10,800 SAR	-51%
Quantitative Trader	16,600 SAR	-25%
Receivables Accountant	11,100 SAR	-50%
Regulatory Accountant	13,500 SAR	-39%
Retirement Plan Analyst	20,000 SAR	-10%
Revenue Management Specialist	19,800 SAR	-11%
Revenue Recognition Analyst	22,100 SAR	-0%
Risk Management Director	29,200 SAR	+32%
Risk Management Supervisor	22,900 SAR	+3%
Staff Accountant	11,800 SAR	-47%
Tax Accountant	11,700 SAR	-47%
Tax Administrator	13,500 SAR	-39%
Tax Advisor	18,100 SAR	-18%
Tax Analyst	19,000 SAR	-14%
Tax Associate	9,980 SAR	-55%
Tax Consultant	18,900 SAR	-15%
Tax Director	28,900 SAR	+30%
Tax Examiner	13,500 SAR	-39%
Tax Manager	24,900 SAR	+12%
Tax Research Manager	23,600 SAR	+6%
Teller	7,260 SAR	-67%
Treasury Accountant	12,700 SAR	-43%
Treasury Analyst	20,200 SAR	-9%
Underwriter	8,340 SAR	-62%
Underwriting Assistant	8,240 SAR	-63%
Vice President of Finance	34,400 SAR	+55%

Salary Comparison By City

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 Saudi Arabia is 7% on average across all career fields.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Financial Analyst in Jeddah?

A good and competitive compensation would range anywhere between 21,200 SAR and 24,500 SAR. 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 Jeddah ranges from 10,200 SAR to 17,100 SAR. 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.