Personal Financial Advisor Average Salary in Riyadh 2024

How much money does a person working as Personal Financial Advisor make in Riyadh?

Average Monthly Salary

17,500 SAR

( 210,000 SAR yearly)

LOW
8,030
SAR AVERAGE
17,500
SAR HIGH
27,800
SAR

Personal Financial Advisor Pay Scale and Salaries in Riyadh

Salary Structure and Pay Scale Comparison

5% of people earn
16,600 SAR or more

10% of people earn
14,500 to 16,600 SAR

20% of people earn
10,000 SAR or less

65% of people earn
10,000 to 14,500 SAR

Minimum Salary 8,030 SAR

Median 16,700 SAR

Maximum 27,800 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 Personal Financial Advisor in Riyadh range from 8,030 SAR (starting salary) to 27,800 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 16,700 SAR, half of the professionals who work as Personal Financial Advisor in Riyadh 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 Personal Financial Advisor in Riyadh earn less than 13,500 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 19,200 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 Personal Financial Advisor in Riyadh compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 10,000 SAR to 14,500 SAR. About 20% of salaries are below the 10,000 SAR mark, while 10% fall within the range of 14,500 SAR to 16,600 SAR. Only 5% of individuals have salaries exceeding 16,600 SAR.

Salary Comparison by Years of Experience / Personal Financial Advisor / Riyadh

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 Personal Financial Advisor and this is what we found.

Employees with less than two years of experience earn approximately 9,120 SAR.

While someone with an experience level between two and five years is expected to earn 12,200 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 18,000 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 21,900 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 23,900 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 25,900 SAR, 8% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary Comparison By Education / Personal Financial Advisor / Riyadh

How do education levels affect salaries?

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

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 Personal Financial Advisor in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 11,200 SAR.

Level 2: Certificate or Diploma

At this level, the average salary becomes 13,200 SAR, 18% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 19,100 SAR, 45% more than the previous level.

Level 4: Master's Degree

At this level, the average salary becomes 25,000 SAR, 31% more than the previous level.

Typical Salary Difference by Education for Most Careers

Salary and Compensation Comparison By Gender / Personal Financial Advisor / Riyadh

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 Personal Financial Advisor in Saudi Arabia, the average difference between the salary of male and female employees is 19%.

Salary Comparison By Gender in Saudi Arabia for all Careers

Average Annual Salary Increment Percentage / Personal Financial Advisor / Riyadh

How much are annual salary increments in Riyadh for individuals working as Personal Financial Advisor? How often do employees get salary raises?

Individuals working as Personal Financial Advisor 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 / Personal Financial Advisor / 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 / Personal Financial Advisor / Riyadh

100 SAR per hour

The average hourly wage (pay per hour) for individuals working as Personal Financial Advisor in Riyadh is 100 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 Personal Financial Advisor in Riyadh is 46 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	8,730 SAR	-50%
Account Executive	15,800 SAR	-10%
Accountant	11,500 SAR	-34%
Accounting Analyst	15,200 SAR	-13%
Accounting Assistant	9,460 SAR	-46%
Accounting Associate	8,480 SAR	-51%
Accounting Clerk	7,490 SAR	-57%
Accounting Coordinator	10,500 SAR	-40%
Accounting Head	25,000 SAR	+43%
Accounting Manager	26,300 SAR	+51%
Accounting Officer	8,730 SAR	-50%
Accounting Specialist	16,800 SAR	-4%
Accounting Supervisor	16,200 SAR	-7%
Accounting Technician	8,230 SAR	-53%
Accounting Unit Controller	19,700 SAR	+13%
Accounts Executive	15,800 SAR	-10%
Accounts Officer	9,230 SAR	-47%
Accounts Payable and Receivable Specialist	12,000 SAR	-31%
Accounts Payable Assistant	9,480 SAR	-46%
Accounts Payable Associate	11,300 SAR	-35%
Accounts Payable Clerk	8,730 SAR	-50%
Accounts Payable Manager	24,400 SAR	+40%
Accounts Receivable Administrator	18,100 SAR	+4%
Accounts Receivable Clerk	8,730 SAR	-50%
Accounts Receivable Financial Analyst	17,300 SAR	-1%
Accounts Receivable Manager	24,000 SAR	+37%
Accounts Receivable Team Leader	17,200 SAR	-2%
Algorithmic Trading Specialist	20,700 SAR	+19%
Assistant Accountant	9,460 SAR	-46%
Assistant Accounting Manager	22,000 SAR	+26%
Assistant Auditor	11,700 SAR	-33%
Assistant Corporate Controller	16,800 SAR	-4%
Assistant Finance Manager	25,700 SAR	+47%
Assistant Financial Controller	16,000 SAR	-8%
Audit Director	28,400 SAR	+63%
Audit Supervisor	21,500 SAR	+23%
Auditing Clerk	9,230 SAR	-47%
Auditing Manager	24,500 SAR	+40%
Billing Clerk	9,460 SAR	-46%
Billing Coordinator	10,700 SAR	-39%
Billing Specialist	13,100 SAR	-25%
Billing Supervisor	18,900 SAR	+8%
Bookkeeper	7,730 SAR	-56%
Bookkeeping Specialist	11,200 SAR	-36%
Budget Analyst	21,300 SAR	+22%
Budget Manager	24,200 SAR	+39%
Business Support Analyst	13,200 SAR	-24%
Capital Markets Associate	17,700 SAR	+1%
Cash Flow Analyst	18,600 SAR	+6%
Cash Management Manager	23,200 SAR	+33%
Cash Management Officer	14,200 SAR	-19%
Cashbook Clerk	7,980 SAR	-54%
Chartered Accountant	15,000 SAR	-14%
Chief Accountant	17,500 SAR	+0%
Chief Financial Technology Officer	24,500 SAR	+40%
Collections Clerk	7,240 SAR	-59%
Collections Representative	10,800 SAR	-38%
Collections Specialist	12,600 SAR	-28%
Corporate Controller	19,700 SAR	+13%
Corporate Treasurer	23,600 SAR	+35%
Cost Accountant	11,900 SAR	-32%
Cost Accounting Manager	23,300 SAR	+33%
Cost Accounting Supervisor	20,000 SAR	+15%
Cost Analyst	19,700 SAR	+13%
Credit and Collection Manager	23,500 SAR	+35%
Credit and Collection Staff	8,980 SAR	-49%
Credit and Loans Officer	8,480 SAR	-51%
Credit Controller	17,100 SAR	-2%
Credit Manager	25,700 SAR	+47%
Debt Adviser	19,500 SAR	+12%
Debt Collector	9,980 SAR	-43%
Debtors Clerk	8,540 SAR	-51%
Debtors Controller	8,730 SAR	-50%
Deputy CFO	32,200 SAR	+84%
Deputy Head of Finance	32,200 SAR	+84%
Derivative Trader	20,200 SAR	+16%
Director of Finance	36,500 SAR	+110%
E-commerce Accountant	12,200 SAR	-30%
Economist	28,900 SAR	+65%
Equity Analyst	20,800 SAR	+19%
Escrow Assistant	10,500 SAR	-40%
Executive Accountant	13,200 SAR	-24%
External Auditor	17,300 SAR	-1%
Finance Administrator	13,700 SAR	-22%
Finance Analyst	22,300 SAR	+28%
Finance Associate	10,800 SAR	-38%
Finance Data Analyst	19,000 SAR	+9%
Finance Director	34,700 SAR	+99%
Finance Executive	26,300 SAR	+51%
Finance Licensing Clerk	8,480 SAR	-51%
Finance Licensing Manager	23,600 SAR	+35%
Finance Licensing Specialist	12,700 SAR	-27%
Finance Manager	34,700 SAR	+99%
Finance Officer	11,800 SAR	-32%
Finance President	36,500 SAR	+110%
Finance Relationship Manager	28,600 SAR	+64%
Finance Release Analyst	13,500 SAR	-23%
Finance Specialist	19,500 SAR	+12%
Finance Team Leader	26,200 SAR	+50%
Financial Accountant	11,700 SAR	-33%
Financial Actuary	18,000 SAR	+3%
Financial Administrator	20,500 SAR	+17%
Financial Advisor	22,500 SAR	+29%
Financial Analyst	22,300 SAR	+28%
Financial Applications Specialist	15,500 SAR	-11%
Financial Assistant	9,480 SAR	-46%
Financial Associate	11,200 SAR	-36%
Financial Claims Analyst	16,700 SAR	-4%
Financial Claims Manager	21,000 SAR	+20%
Financial Claims Supervisor	20,500 SAR	+17%
Financial Clerk	9,460 SAR	-46%
Financial Commercial Analyst	17,000 SAR	-3%
Financial Compliance Analyst	19,000 SAR	+9%
Financial Compliance Officer	19,600 SAR	+12%
Financial Consultant	15,700 SAR	-10%
Financial Controller	19,700 SAR	+13%
Financial Coordinator	11,300 SAR	-35%
Financial Customer Service Manager	21,500 SAR	+23%
Financial Data Scientist	21,800 SAR	+25%
Financial Dealer and Broker	12,700 SAR	-27%
Financial Director	34,700 SAR	+99%
Financial Encoder	9,980 SAR	-43%
Financial Manager	34,700 SAR	+99%
Financial Modelling Analyst	22,200 SAR	+27%
Financial Operations Manager	29,900 SAR	+71%
Financial Policy Analyst	19,200 SAR	+10%
Financial Project Manager	24,200 SAR	+39%
Financial Quantitative Analyst	20,200 SAR	+16%
Financial Reporting Consultant	17,000 SAR	-3%
Financial Reporting Manager	23,600 SAR	+35%
Financial Section Head	22,500 SAR	+29%
Financial Services Manager	29,900 SAR	+71%
Financial Services Sales Agent	13,000 SAR	-26%
Financial Technology Consultant	18,500 SAR	+6%
Financial Wellness Coach	25,300 SAR	+45%
FinTech Analyst	20,200 SAR	+16%
Fixed Assets Administrator	12,200 SAR	-30%
Forensic Accountant	14,400 SAR	-18%
Fraud Detection Supervisor	15,200 SAR	-13%
Fraud Prevention Manager	24,000 SAR	+37%
Fund Accountant	11,800 SAR	-32%
Grants Coordinator	8,730 SAR	-50%
Green Finance Analyst	18,800 SAR	+8%
Group Financial Manager	35,500 SAR	+100%
Internal Auditor	15,700 SAR	-10%
Internal Control Adviser	19,400 SAR	+11%
Internal Control Officer	10,200 SAR	-42%
International Tax Director	28,400 SAR	+63%
Inventory Accountant	12,900 SAR	-26%
Investment Advisor	31,400 SAR	+80%
Investment Analyst	24,400 SAR	+40%
Investment Associate	19,700 SAR	+13%
Investment Broker	19,700 SAR	+13%
Investment Fund Manager	27,600 SAR	+58%
Investment Operations Manager	27,600 SAR	+58%
Investment Underwriter	9,980 SAR	-43%
Investor	16,000 SAR	-8%
Investor Relations Manager	23,700 SAR	+36%
KYC Team Leader	23,900 SAR	+37%
Loan Processor	9,730 SAR	-44%
Management Accountant	13,100 SAR	-25%
Management Economist	27,400 SAR	+57%
Paymaster	9,480 SAR	-46%
Payroll Administrator	16,300 SAR	-7%
Payroll Benefits Coordinator	13,700 SAR	-22%
Payroll Billing Manager	21,500 SAR	+23%
Payroll Clerk	10,200 SAR	-42%
Payroll Manager	22,600 SAR	+29%
Payroll Officer	10,800 SAR	-38%
Payroll Specialist	12,200 SAR	-30%
Payroll Supervisor	15,000 SAR	-14%
Pensions Administrator	12,500 SAR	-28%
Personal Financial Advisor	17,500 SAR	+0%
Pricing Analyst	20,500 SAR	+17%
Private Equity Analyst	21,900 SAR	+25%
Project Accountant	13,100 SAR	-25%
Proposal Development Coordinator	10,500 SAR	-40%
Quantitative Trader	16,800 SAR	-4%
Receivables Accountant	10,900 SAR	-38%
Regulatory Accountant	13,500 SAR	-23%
Retirement Plan Analyst	19,700 SAR	+13%
Revenue Management Specialist	19,500 SAR	+12%
Revenue Recognition Analyst	22,800 SAR	+31%
Risk Management Director	28,200 SAR	+61%
Risk Management Supervisor	24,400 SAR	+40%
Staff Accountant	11,200 SAR	-36%
Tax Accountant	11,700 SAR	-33%
Tax Administrator	13,400 SAR	-23%
Tax Advisor	18,000 SAR	+3%
Tax Analyst	18,900 SAR	+8%
Tax Associate	9,980 SAR	-43%
Tax Consultant	18,700 SAR	+7%
Tax Director	28,600 SAR	+64%
Tax Examiner	12,500 SAR	-28%
Tax Manager	24,000 SAR	+37%
Tax Research Manager	25,200 SAR	+44%
Teller	6,990 SAR	-60%
Treasury Accountant	12,900 SAR	-26%
Treasury Analyst	20,500 SAR	+17%
Underwriter	8,230 SAR	-53%
Underwriting Assistant	8,140 SAR	-53%
Vice President of Finance	33,900 SAR	+94%

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 Personal Financial Advisor in Riyadh?

A good and competitive compensation would range anywhere between 16,700 SAR and 19,200 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 Personal Financial Advisor in Riyadh ranges from 8,030 SAR to 13,500 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.