How much money does a person working in Accounting and Finance make in Saudi Arabia?
Average Monthly Salary
17,300 SAR
( 208,000 SAR yearly)
LOW
6,960
SAR
AVERAGE
17,300
SAR
HIGH
34,500
SAR
All salary figures displayed here are per month except when noted otherwise.
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.
A person working in Accounting and Finance in Saudi Arabia typically earns around 17,300 SAR. Salaries range from 6,960 SAR (lowest average) to 34,500 SAR (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Saudi Arabia exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Accounting and Finance | |
Account Examiner | 8,040 SAR |
Account Executive | 15,000 SAR |
Accountant | 10,600 SAR |
Accounting Analyst | 13,700 SAR |
|
Accounting Assistant | 8,240 SAR |
Accounting Associate | 8,250 SAR |
Accounting Clerk | 6,800 SAR |
Accounting Coordinator | 9,650 SAR |
Accounting Head | 23,700 SAR |
Accounting Manager | 24,900 SAR |
Accounting Officer | 8,170 SAR |
Accounting Specialist | 14,800 SAR |
Accounting Supervisor | 15,500 SAR |
Accounting Technician | 8,160 SAR |
Accounting Unit Controller | 18,400 SAR |
Accounts Executive | 13,900 SAR |
Accounts Officer | 8,480 SAR |
Accounts Payable and Receivable Specialist | 11,700 SAR |
Accounts Payable Assistant | 9,440 SAR |
Accounts Payable Associate | 10,300 SAR |
Accounts Payable Clerk | 8,620 SAR |
Accounts Payable Manager | 22,700 SAR |
Accounts Receivable Administrator | 17,100 SAR |
Accounts Receivable Clerk | 8,470 SAR |
Accounts Receivable Financial Analyst | 16,100 SAR |
Accounts Receivable Manager | 22,000 SAR |
Accounts Receivable Team Leader | 15,900 SAR |
Algorithmic Trading Specialist | 20,200 SAR |
Assistant Accountant | 8,360 SAR |
Assistant Accounting Manager | 20,400 SAR |
Assistant Auditor | 11,500 SAR |
Assistant Corporate Controller | 15,000 SAR |
Assistant Finance Manager | 24,400 SAR |
Assistant Financial Controller | 15,100 SAR |
Audit Director | 26,300 SAR |
Audit Supervisor | 19,700 SAR |
Auditing Clerk | 8,480 SAR |
Auditing Manager | 24,000 SAR |
Billing Clerk | 8,930 SAR |
Billing Coordinator | 10,600 SAR |
Billing Specialist | 12,100 SAR |
Billing Supervisor | 17,100 SAR |
Bookkeeper | 7,310 SAR |
Bookkeeping Specialist | 11,100 SAR |
Budget Analyst | 18,900 SAR |
Budget Manager | 22,500 SAR |
Business Support Analyst | 13,000 SAR |
Capital Markets Associate | 16,800 SAR |
Cash Flow Analyst | 16,300 SAR |
Cash Management Manager | 21,100 SAR |
Cash Management Officer | 13,400 SAR |
Cashbook Clerk | 7,840 SAR |
Chartered Accountant | 14,800 SAR |
Chief Accountant | 17,100 SAR |
Chief Financial Technology Officer | 24,300 SAR |
Collections Clerk | 7,080 SAR |
Collections Representative | 9,760 SAR |
Collections Specialist | 11,300 SAR |
Corporate Controller | 18,500 SAR |
Corporate Treasurer | 21,300 SAR |
Cost Accountant | 11,200 SAR |
Cost Accounting Manager | 21,900 SAR |
Cost Accounting Supervisor | 17,300 SAR |
Cost Analyst | 17,400 SAR |
Credit and Collection Manager | 21,800 SAR |
Credit and Collection Staff | 8,720 SAR |
Credit and Loans Officer | 7,810 SAR |
Credit Controller | 15,300 SAR |
Credit Manager | 22,300 SAR |
Debt Adviser | 18,500 SAR |
Debt Collector | 8,960 SAR |
Debtors Clerk | 7,910 SAR |
Debtors Controller | 8,170 SAR |
Deputy CFO | 29,300 SAR |
Deputy Head of Finance | 31,800 SAR |
Derivative Trader | 19,300 SAR |
Director of Finance | 32,300 SAR |
E-commerce Accountant | 11,500 SAR |
Economist | 25,000 SAR |
Equity Analyst | 20,100 SAR |
Escrow Assistant | 10,500 SAR |
Executive Accountant | 12,400 SAR |
External Auditor | 16,000 SAR |
Finance Administrator | 13,700 SAR |
Finance Analyst | 19,600 SAR |
Finance Associate | 10,200 SAR |
Finance Data Analyst | 17,500 SAR |
Finance Director | 34,100 SAR |
Finance Executive | 24,200 SAR |
Finance Licensing Clerk | 7,890 SAR |
Finance Licensing Manager | 20,700 SAR |
Finance Licensing Specialist | 11,600 SAR |
Finance Manager | 32,100 SAR |
Finance Officer | 10,300 SAR |
Finance President | 33,000 SAR |
Finance Relationship Manager | 26,600 SAR |
Finance Release Analyst | 12,700 SAR |
Finance Specialist | 18,800 SAR |
Finance Team Leader | 24,100 SAR |
Financial Accountant | 11,000 SAR |
Financial Actuary | 16,700 SAR |
Financial Administrator | 18,800 SAR |
Financial Advisor | 20,400 SAR |
Financial Analyst | 21,000 SAR |
Financial Applications Specialist | 13,700 SAR |
Financial Assistant | 8,710 SAR |
Financial Associate | 9,320 SAR |
Financial Associate | 10,700 SAR |
Financial Claims Analyst | 15,500 SAR |
Financial Claims Manager | 20,400 SAR |
Financial Claims Supervisor | 18,800 SAR |
Financial Clerk | 8,830 SAR |
Financial Commercial Analyst | 15,700 SAR |
Financial Compliance Analyst | 17,400 SAR |
Financial Compliance Officer | 17,000 SAR |
Financial Consultant | 15,600 SAR |
Financial Controller | 17,200 SAR |
Financial Controller | 17,000 SAR |
Financial Coordinator | 10,200 SAR |
Financial Customer Service Manager | 21,400 SAR |
Financial Data Scientist | 21,900 SAR |
Financial Dealer and Broker | 12,700 SAR |
Financial Director | 33,900 SAR |
Financial Encoder | 9,340 SAR |
Financial Manager | 31,100 SAR |
Financial Manager | 29,900 SAR |
Financial Modelling Analyst | 20,900 SAR |
Financial Operations Manager | 29,700 SAR |
Financial Policy Analyst | 17,600 SAR |
Financial Project Manager | 22,700 SAR |
Financial Quantitative Analyst | 19,700 SAR |
Financial Reporting Consultant | 17,000 SAR |
Financial Reporting Manager | 21,700 SAR |
Financial Section Head | 20,900 SAR |
Financial Services Manager | 28,000 SAR |
Financial Services Sales Agent | 12,400 SAR |
Financial Technology Consultant | 18,200 SAR |
Financial Wellness Coach | 23,500 SAR |
FinTech Analyst | 19,500 SAR |
Fixed Assets Administrator | 12,100 SAR |
Forensic Accountant | 13,400 SAR |
Fraud Detection Supervisor | 14,300 SAR |
Fraud Prevention Manager | 23,500 SAR |
Fund Accountant | 10,900 SAR |
Grants Coordinator | 8,490 SAR |
Green Finance Analyst | 16,200 SAR |
Group Financial Manager | 30,700 SAR |
Internal Auditor | 15,100 SAR |
Internal Control Adviser | 18,300 SAR |
Internal Control Officer | 10,000 SAR |
International Tax Director | 26,900 SAR |
Inventory Accountant | 11,300 SAR |
Investment Advisor | 30,300 SAR |
Investment Analyst | 22,200 SAR |
Investment Associate | 18,400 SAR |
Investment Broker | 18,700 SAR |
Investment Fund Manager | 24,200 SAR |
Investment Operations Manager | 24,600 SAR |
Investment Underwriter | 9,130 SAR |
Investor | 14,700 SAR |
Investor Relations Manager | 22,700 SAR |
KYC Team Leader | 20,800 SAR |
Loan Processor | 9,590 SAR |
Management Accountant | 12,800 SAR |
Management Economist | 26,300 SAR |
Paymaster | 8,780 SAR |
Payroll Administrator | 15,500 SAR |
Payroll Benefits Coordinator | 12,900 SAR |
Payroll Billing Manager | 21,200 SAR |
Payroll Clerk | 10,100 SAR |
Payroll Manager | 21,100 SAR |
Payroll Officer | 10,000 SAR |
Payroll Specialist | 11,900 SAR |
Payroll Supervisor | 14,600 SAR |
Pensions Administrator | 11,900 SAR |
Personal Financial Advisor | 16,900 SAR |
Pricing Analyst | 19,100 SAR |
Private Equity Analyst | 20,200 SAR |
Project Accountant | 11,400 SAR |
Proposal Development Coordinator | 10,000 SAR |
Quantitative Trader | 16,300 SAR |
Receivables Accountant | 10,100 SAR |
Regulatory Accountant | 12,700 SAR |
Retirement Plan Analyst | 18,500 SAR |
Revenue Management Specialist | 19,100 SAR |
Revenue Recognition Analyst | 20,800 SAR |
Risk Management Director | 26,500 SAR |
Risk Management Supervisor | 21,600 SAR |
Staff Accountant | 10,500 SAR |
Tax Accountant | 10,600 SAR |
Tax Administrator | 12,700 SAR |
Tax Advisor | 17,800 SAR |
Tax Analyst | 17,600 SAR |
Tax Associate | 9,440 SAR |
Tax Consultant | 18,200 SAR |
Tax Director | 26,200 SAR |
Tax Examiner | 11,800 SAR |
Tax Manager | 22,100 SAR |
Tax Research Manager | 21,900 SAR |
Teller | 6,990 SAR |
Treasury Accountant | 11,700 SAR |
Treasury Analyst | 18,700 SAR |
Underwriter | 7,720 SAR |
Underwriting Assistant | 7,190 SAR |
Vice President of Finance | 31,900 SAR |
Accounting and Finance Jobs Pay Scale and Salaries in Saudi Arabia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/accounting-and-finance/median-and-salary-distribution-monthly-saudi-arabia-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
18,500 SAR or more
10% of people earn
15,700 to 18,500 SAR
20% of people earn
9,440 SAR or less
65% of people earn
9,440 to 15,700 SAR
Minimum Salary 6,960 SAR |
Median 16,300 SAR |
Maximum 34,500 SAR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per month except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in Saudi Arabia range from 6,960 SAR (starting average salary) to 34,500 SAR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 16,300 SAR, implying that half of the workforce in Saudi Arabia earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Saudi Arabia earn less than 12,700 SAR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 19,600 SAR, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Saudi Arabia. The analysis revealed that roughly 65% of all reported salaries fell within the range of 9,440 SAR to 15,700 SAR. Approximately 20% of salaries were below the 9,440 SAR mark, while 10% ranged from 15,700 SAR to 18,500 SAR. Only 5% of individuals earned a gross salary of 18,500 SAR or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.
Generally speaking, employees in Accounting and Finance in Saudi Arabia having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?
We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Saudi Arabia, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 Saudi Arabia costs anywhere from 83,800 SAR to 251,000 SAR and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / Saudi Arabia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/accounting-and-finance/salary-comparison-by-gender-monthly-saudi-arabia-accounting-and-finance.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Saudi Arabia, the average difference between the salary of male and female employees is 13%.
Male | | 18,600 SAR |
Female | -12% | 16,400 SAR |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Saudi Arabia for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/salary-comparison-by-gender-monthly-saudi-arabia.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Saudi Arabia
How much are annual salary increments in Saudi Arabia for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Saudi Arabia are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/accounting-and-finance/annual-salary-increment-rate-saudi-arabia-accounting-and-finance.jpg The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
Saudi Arabia / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/annual-salary-increment-rate-saudi-arabia.jpg 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
“The average salary increase in one year (12 months) in Saudi Arabia is 6%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Accounting and Finance / Saudi Arabia
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/accounting-and-finance/annual-salary-bonus-rate-saudi-arabia-accounting-and-finance.jpg
20% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
Received Bonus | | 80% |
No Bonus | | 20% |
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: A graphics designer working for a graphics designing company. | Example: A graphic designer in the marketing department of a hospital. |
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.
“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”
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.
Hourly Average Wage / Accounting and Finance / Saudi Arabia
100 SAR
per hour The average hourly wage (pay per hour) in Accounting and Finance in Saudi Arabia is 100 SAR.This is the rate they get paid for every worked hour.
Hourly Wage = Annual Salary / ( 52 x 5 x 8 )
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 in Accounting and Finance in Saudi Arabia is 40 SAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
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.
Private Sector | | 16,100 SAR |
Public Sector | +7% | 17,300 SAR |
Percentage increase and decrease are relative to the previous value
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Accounting and Finance in Saudi Arabia?
A good and competitive compensation would range anywhere between 16,300 SAR and 19,600 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 jobs in Accounting and Finance in Saudi Arabia ranges from 6,960 SAR to 12,700 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.
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