Finance Data Analyst Average Salary in Ras Al Khaimah 2024
How much money does a person working as Finance Data Analyst make in Ras Al Khaimah?
LOW
7,530
AED AVERAGE
16,400
AED HIGH
26,000
AED
A person working as Finance Data Analyst in Ras Al Khaimah typically earns around 16,400 AED. Salaries range from 7,530 AED (lowest) to 26,000 AED (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Finance Data Analyst salaries in Ras Al Khaimah vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Finance Data Analyst Pay Scale and Salaries in Ras Al Khaimah
Salary Structure and Pay Scale Comparison
15,500 AED or more
13,600 to 15,500 AED
9,370 AED or less
9,370 to 13,600 AED
 7,530 AED |
15,700 AED |
26,000 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 Finance Data Analyst in Ras Al Khaimah range from 7,530 AED (starting salary) to 26,000 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 15,700 AED, half of the professionals who work as Finance Data Analyst in Ras Al Khaimah 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 Finance Data Analyst in Ras Al Khaimah earn less than 12,600 AED, while 75% earn more. Similarly, the chart shows that 75% earn less than 18,000 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 Finance Data Analyst in Ras Al Khaimah compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 9,370 AED to 13,600 AED. About 20% of salaries are below the 9,370 AED mark, while 10% fall within the range of 13,600 AED to 15,500 AED. Only 5% of individuals have salaries exceeding 15,500 AED.
Salary Comparison by Years of Experience / Finance Data Analyst / Ras Al Khaimah
How do experience and age affect pay?
| 0 - 2 Years | 8,550 AED | |
| 2 - 5 Years | +34% | 11,400 AED |
| 5 - 10 Years | +48% | 16,900 AED |
| 10 - 15 Years | +22% | 20,600 AED |
| 15 - 20 Years | +9% | 22,400 AED |
| 20+ Years | +8% | 24,300 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 Finance Data Analyst and this is what we found.
Employees with less than two years of experience earn approximately 8,550 AED.
While someone with an experience level between two and five years is expected to earn 11,400 AED, 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 16,900 AED, 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 20,600 AED, 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 22,400 AED, 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 24,300 AED, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Finance Data Analyst / Ras Al Khaimah
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Finance Data Analyst.
| High School | 7,720 AED | |
| Certificate or Diploma | +24% | 9,570 AED |
| Bachelor's Degree | +39% | 13,300 AED |
| Master's Degree | +63% | 21,600 AED |
| PhD | +20% | 25,900 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 Finance Data Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 7,720 AED.
Level 2: Certificate or Diploma
At this level, the average salary becomes 9,570 AED, 24% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 13,300 AED, 39% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 21,600 AED, 63% more than the previous level.
Level 5: PhD
At this level, the average salary becomes 25,900 AED, 20% 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 / Finance Data Analyst / Ras Al Khaimah
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 Finance Data Analyst in United Arab Emirates, the average difference between the salary of male and female employees is 7%.
| Male | 17,300 AED | |
| Female | -6% | 16,200 AED |
Salary Comparison By Gender in United Arab Emirates for all Careers
Average Annual Salary Increment Percentage / Finance Data Analyst / Ras Al Khaimah
How much are annual salary increments in Ras Al Khaimah for individuals working as Finance Data Analyst? How often do employees get salary raises?
Individuals working as Finance Data 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 / Finance Data 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 / Finance Data Analyst / Ras Al Khaimah
94 AED per hourThe average hourly wage (pay per hour) for individuals working as Finance Data Analyst in Ras Al Khaimah is 94 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 Finance Data Analyst in Ras Al Khaimah is 43 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 | 6,640 AED | -59% |
| Account Executive | 11,800 AED | -28% |
| Accountant | 8,940 AED | -45% |
| Accounting Analyst | 11,600 AED | -29% |
| Accounting Assistant | 6,940 AED | -58% |
| Accounting Associate | 6,430 AED | -61% |
| Accounting Clerk | 5,200 AED | -68% |
| Accounting Coordinator | 8,230 AED | -50% |
| Accounting Head | 19,400 AED |  +18% |
| Accounting Manager | 20,900 AED | +28% |
| Accounting Officer | 6,690 AED | -59% |
| Accounting Specialist | 13,800 AED | -16% |
| Accounting Supervisor | 13,000 AED | -21% |
| Accounting Technician | 5,950 AED | -64% |
| Accounting Unit Controller | 16,800 AED | +3% |
| Accounts Executive | 11,900 AED | -27% |
| Accounts Officer | 6,910 AED | -58% |
| Accounts Payable and Receivable Specialist | 9,160 AED | -44% |
| Accounts Payable Assistant | 7,430 AED | -55% |
| Accounts Payable Associate | 8,750 AED | -47% |
| Accounts Payable Clerk | 6,710 AED | -59% |
| Accounts Payable Manager | 20,700 AED | +26% |
| Accounts Receivable Administrator | 13,700 AED | -16% |
| Accounts Receivable Clerk | 6,480 AED | -60% |
| Accounts Receivable Financial Analyst | 14,300 AED | -13% |
| Accounts Receivable Manager | 19,700 AED | +20% |
| Accounts Receivable Team Leader | 14,700 AED | -10% |
| Algorithmic Trading Specialist | 16,800 AED | +3% |
| Assistant Accountant | 6,820 AED | -58% |
| Assistant Accounting Manager | 19,300 AED | +18% |
| Assistant Auditor | 8,980 AED | -45% |
| Assistant Corporate Controller | 12,900 AED | -21% |
| Assistant Finance Manager | 21,000 AED | +28% |
| Assistant Financial Controller | 13,700 AED | -16% |
| Audit Director | 23,000 AED | +40% |
| Audit Supervisor | 17,800 AED | +9% |
| Auditing Clerk | 6,910 AED | -58% |
| Auditing Manager | 21,100 AED | +29% |
| Billing Clerk | 6,530 AED | -60% |
| Billing Coordinator | 8,330 AED | -49% |
| Billing Specialist | 9,700 AED | -41% |
| Billing Supervisor | 15,100 AED | -8% |
| Bookkeeper | 5,950 AED | -64% |
| Bookkeeping Specialist | 8,580 AED | -48% |
| Budget Analyst | 16,600 AED | +1% |
| Budget Manager | 20,800 AED | +27% |
| Business Support Analyst | 10,300 AED | -37% |
| Capital Markets Associate | 14,700 AED | -10% |
| Cash Flow Analyst | 15,400 AED | -6% |
| Cash Management Manager | 19,200 AED | +17% |
| Cash Management Officer | 11,000 AED | -33% |
| Cashbook Clerk | 6,150 AED | -62% |
| Chartered Accountant | 12,800 AED | -22% |
| Chief Accountant | 14,700 AED | -10% |
| Chief Financial Technology Officer | 21,300 AED | +30% |
| Collections Clerk | 5,170 AED | -68% |
| Collections Representative | 8,050 AED | -51% |
| Collections Specialist | 9,610 AED | -41% |
| Corporate Controller | 15,700 AED | -4% |
| Corporate Treasurer | 19,200 AED | +17% |
| Cost Accountant | 9,140 AED | -44% |
| Cost Accounting Manager | 20,600 AED | +26% |
| Cost Accounting Supervisor | 15,300 AED | -7% |
| Cost Analyst | 15,200 AED | -7% |
| Credit and Collection Manager | 20,100 AED | +23% |
| Credit and Collection Staff | 6,700 AED | -59% |
| Credit and Loans Officer | 6,410 AED | -61% |
| Credit Controller | 13,800 AED | -16% |
| Credit Manager | 21,700 AED | +33% |
| Debt Adviser | 17,100 AED | +4% |
| Debt Collector | 7,140 AED | -56% |
| Debtors Clerk | 6,020 AED | -63% |
| Debtors Controller | 6,690 AED | -59% |
| Deputy CFO | 27,200 AED | +66% |
| Deputy Head of Finance | 29,000 AED | +77% |
| Derivative Trader | 16,600 AED | +1% |
| Director of Finance | 30,100 AED | +84% |
| E-commerce Accountant | 9,690 AED | -41% |
| Economist | 23,900 AED | +46% |
| Equity Analyst | 17,200 AED | +5% |
| Escrow Assistant | 7,950 AED | -51% |
| Executive Accountant | 10,300 AED | -37% |
| External Auditor | 14,200 AED | -13% |
| Finance Administrator | 11,100 AED | -32% |
| Finance Analyst | 17,800 AED | +9% |
| Finance Associate | 8,200 AED | -50% |
| Finance Data Analyst | 16,400 AED | +0% |
| Finance Director | 29,000 AED | +77% |
| Finance Executive | 22,300 AED | +36% |
| Finance Licensing Clerk | 6,600 AED | -60% |
| Finance Licensing Manager | 18,400 AED | +12% |
| Finance Licensing Specialist | 10,200 AED | -38% |
| Finance Manager | 28,400 AED | +73% |
| Finance Officer | 8,590 AED | -48% |
| Finance President | 28,900 AED | +76% |
| Finance Relationship Manager | 23,900 AED | +46% |
| Finance Release Analyst | 11,400 AED | -30% |
| Finance Specialist | 16,800 AED | +3% |
| Finance Team Leader | 22,600 AED | +38% |
| Financial Accountant | 9,440 AED | -42% |
| Financial Actuary | 14,400 AED | -12% |
| Financial Administrator | 16,200 AED | -1% |
| Financial Advisor | 17,300 AED | +6% |
| Financial Analyst | 17,500 AED | +7% |
| Financial Applications Specialist | 12,600 AED | -23% |
| Financial Assistant | 7,130 AED | -56% |
| Financial Associate | 8,830 AED | -46% |
| Financial Claims Analyst | 12,700 AED | -22% |
| Financial Claims Manager | 17,800 AED | +9% |
| Financial Claims Supervisor | 17,000 AED | +4% |
| Financial Clerk | 6,830 AED | -58% |
| Financial Commercial Analyst | 13,800 AED | -16% |
| Financial Compliance Analyst | 15,600 AED | -5% |
| Financial Compliance Officer | 15,000 AED | -8% |
| Financial Consultant | 13,500 AED | -18% |
| Financial Controller | 15,900 AED | -3% |
| Financial Coordinator | 8,730 AED | -47% |
| Financial Customer Service Manager | 17,600 AED | +7% |
| Financial Data Scientist | 18,400 AED | +12% |
| Financial Dealer and Broker | 10,700 AED | -35% |
| Financial Director | 28,900 AED | +76% |
| Financial Encoder | 7,840 AED | -52% |
| Financial Manager | 28,000 AED | +71% |
| Financial Modelling Analyst | 18,300 AED | +12% |
| Financial Operations Manager | 25,700 AED | +57% |
| Financial Policy Analyst | 14,700 AED | -10% |
| Financial Project Manager | 21,400 AED | +31% |
| Financial Quantitative Analyst | 17,600 AED | +7% |
| Financial Reporting Consultant | 14,400 AED | -12% |
| Financial Reporting Manager | 18,400 AED | +12% |
| Financial Section Head | 18,300 AED | +12% |
| Financial Services Manager | 26,200 AED | +60% |
| Financial Services Sales Agent | 10,400 AED | -36% |
| Financial Technology Consultant | 14,900 AED | -9% |
| Financial Wellness Coach | 20,400 AED | +25% |
| FinTech Analyst | 17,500 AED | +7% |
| Fixed Assets Administrator | 9,710 AED | -41% |
| Forensic Accountant | 11,400 AED | -30% |
| Fraud Detection Supervisor | 11,900 AED | -27% |
| Fraud Prevention Manager | 21,200 AED | +29% |
| Fund Accountant | 8,600 AED | -47% |
| Grants Coordinator | 6,650 AED | -59% |
| Green Finance Analyst | 15,000 AED | -8% |
| Group Financial Manager | 30,300 AED | +85% |
| Internal Auditor | 12,600 AED | -23% |
| Internal Control Adviser | 15,500 AED | -5% |
| Internal Control Officer | 8,260 AED | -50% |
| International Tax Director | 23,700 AED | +45% |
| Inventory Accountant | 9,460 AED | -42% |
| Investment Advisor | 27,300 AED | +67% |
| Investment Analyst | 20,400 AED | +25% |
| Investment Associate | 15,900 AED | -3% |
| Investment Broker | 16,100 AED | -2% |
| Investment Fund Manager | 22,300 AED | +36% |
| Investment Operations Manager | 22,500 AED | +37% |
| Investment Underwriter | 7,950 AED | -51% |
| Investor | 12,100 AED | -26% |
| Investor Relations Manager | 20,200 AED | +23% |
| KYC Team Leader | 19,600 AED | +20% |
| Loan Processor | 7,430 AED | -55% |
| Management Accountant | 10,900 AED | -33% |
| Management Economist | 23,600 AED | +44% |
| Paymaster | 7,160 AED | -56% |
| Payroll Administrator | 13,100 AED | -20% |
| Payroll Benefits Coordinator | 10,300 AED | -37% |
| Payroll Billing Manager | 18,400 AED | +12% |
| Payroll Clerk | 7,700 AED | -53% |
| Payroll Manager | 18,100 AED | +11% |
| Payroll Officer | 8,350 AED | -49% |
| Payroll Specialist | 9,590 AED | -41% |
| Payroll Supervisor | 12,700 AED | -22% |
| Pensions Administrator | 9,990 AED | -39% |
| Personal Financial Advisor | 13,900 AED | -15% |
| Pricing Analyst | 16,300 AED | -0% |
| Private Equity Analyst | 17,900 AED | +9% |
| Project Accountant | 10,200 AED | -38% |
| Proposal Development Coordinator | 8,180 AED | -50% |
| Quantitative Trader | 13,700 AED | -16% |
| Receivables Accountant | 8,830 AED | -46% |
| Regulatory Accountant | 10,100 AED | -38% |
| Retirement Plan Analyst | 15,700 AED | -4% |
| Revenue Management Specialist | 16,900 AED | +3% |
| Revenue Recognition Analyst | 18,200 AED | +11% |
| Risk Management Director | 23,400 AED | +43% |
| Risk Management Supervisor | 19,700 AED | +20% |
| Staff Accountant | 8,520 AED | -48% |
| Tax Accountant | 8,840 AED | -46% |
| Tax Administrator | 10,300 AED | -37% |
| Tax Advisor | 15,600 AED | -5% |
| Tax Analyst | 14,600 AED | -11% |
| Tax Associate | 8,070 AED | -51% |
| Tax Consultant | 15,800 AED | -4% |
| Tax Director | 24,300 AED | +48% |
| Tax Examiner | 10,200 AED | -38% |
| Tax Manager | 21,000 AED | +28% |
| Tax Research Manager | 19,700 AED | +20% |
| Teller | 5,010 AED | -69% |
| Treasury Accountant | 9,870 AED | -40% |
| Treasury Analyst | 16,600 AED | +1% |
| Underwriter | 6,400 AED | -61% |
| Underwriting Assistant | 5,540 AED | -66% |
| Vice President of Finance | 28,000 AED | +71% |
Salary Comparison By City
| City | Average Salary |
| Abu Dhabi | 18,000 AED |
| Al Ain | 16,200 AED |
| Dubai | 17,500 AED |
| Fujairah | 15,600 AED |
| Ras Al Khaimah | 16,400 AED |
| Sharjah | 16,900 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 Finance Data Analyst in Ras Al Khaimah?
A good and competitive compensation would range anywhere between 15,700 AED and 18,000 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 Finance Data Analyst in Ras Al Khaimah ranges from 7,530 AED to 12,600 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
