HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Banking Average Salaries in Bahrain 2024

How much money does a person working in Banking make in Bahrain?


Average Monthly Salary
1,620 BHD
( 19,400 BHD yearly)

LOW
510
BHD
AVERAGE
1,620
BHD
HIGH
3,300
BHD
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 Banking in Bahrain typically earns around 1,620 BHD. Salaries range from 510 BHD (lowest average) to 3,300 BHD (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 Banking domain in Bahrain 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

Job TitleAverage Salary
Banking
AML Analyst2,340 BHD
Assistant Bank Branch Manager2,030 BHD
Assistant Bank Manager2,680 BHD
ATM Manager2,300 BHD
ATM Service Technician640 BHD
Bank Accounts Analyst910 BHD
Bank Accounts Collector530 BHD
Bank Accounts Controller1,100 BHD
Bank Accounts Executive1,650 BHD
Bank Accounts Manager1,950 BHD
Bank Auditing Manager1,910 BHD
Bank Branch Manager2,730 BHD
Bank Branch Operations Coordinator1,180 BHD
Bank Clerk530 BHD
Bank Client Service Associate730 BHD
Bank Collector560 BHD
Bank Compliance Specialist1,480 BHD
Bank Manager3,260 BHD
Bank Operational Risk Manager3,120 BHD
Bank Operations Head3,220 BHD
Bank Operations Officer1,240 BHD
Bank Operations Specialist2,070 BHD
Bank Process Manager1,770 BHD
Bank Product Manager 2,080 BHD
Bank Programme Manager2,220 BHD
Bank Project Manager2,510 BHD
Bank Propositions Manager2,290 BHD
Bank Quantitative Analyst1,600 BHD
Bank Regional Manager3,180 BHD
Bank Regional Risk Officer1,600 BHD
Bank Relationship Manager2,370 BHD
Bank Relationship Officer1,130 BHD
Bank Sustainability Analyst1,880 BHD
Bank Teller560 BHD
Banker1,090 BHD
Banking Business Analyst1,690 BHD
Banking Business Development Officer1,010 BHD
Banking Business Planning Executive2,440 BHD
Banking Data Analyst1,960 BHD
Banking Product Manager2,040 BHD
Banking Reference Data Manager1,880 BHD
Banking Regulatory Compliance Officer2,050 BHD
Banking Risk Analyst1,680 BHD
Banking Technical Analyst860 BHD
Bankruptcy Coordinator1,130 BHD
Bill and Account Collector570 BHD
Blockchain Analyst1,440 BHD
Blockchain Architect1,700 BHD
Blockchain Auditor1,530 BHD
Blockchain Compliance Analyst1,460 BHD
Blockchain Consultant1,550 BHD
Blockchain Trade Facilitator1,330 BHD
Budget Analyst1,700 BHD
Capital Risk Manager3,080 BHD
Cards Marketing Manager2,150 BHD
Cash Management Manager2,880 BHD
Check Processing Manager2,160 BHD
Chief Blockchain Officer1,920 BHD
Commercial Vault Associate1,640 BHD
Corporate Banker1,190 BHD
Corporate Dealer1,680 BHD
Credit Analyst1,230 BHD
Credit and Collections Manager2,180 BHD
Credit Card Fraud Investigator1,700 BHD
Credit Portfolio Manager3,230 BHD
Credit Risk Analyst1,800 BHD
Credit Risk Associate1,790 BHD
Cryptocurrency Accountant1,100 BHD
Cryptocurrency Adviser1,970 BHD
Cryptocurrency Analyst1,500 BHD
Cryptocurrency Compliance Manager1,900 BHD
Cryptocurrency Trader1,730 BHD
Digital Banking Manager2,140 BHD
Digital Currency Analyst1,710 BHD
Direct Bank Sales Representative1,190 BHD
Exchange Control Consultant1,810 BHD
Executive Account Analyst1,660 BHD
Financial Bank Planning Consultant2,040 BHD
Financial Banking Analysis Manager2,550 BHD
Financial Banking Assistant760 BHD
Financial Banking Systems Manager2,210 BHD
Foreign Exchange Manager2,400 BHD
Fraud Analyst1,690 BHD
Fraud Detection Associate1,210 BHD
Fraud Detection Manager2,530 BHD
Fraud Detection Supervisor1,490 BHD
Internal Bank Audit Manager2,900 BHD
Internal Bank Auditor1,570 BHD
Internal Private Banker1,180 BHD
International Banking Manager3,380 BHD
Investment Banking Analyst2,420 BHD
Loan Analyst1,710 BHD
Loan Area Manager2,060 BHD
Loan Audit Team Leader1,930 BHD
Loan Branch Manager1,940 BHD
Loan Business Development Officer960 BHD
Loan Clerk570 BHD
Loan Collection and Recovery Manager2,010 BHD
Loan Collection Manager1,980 BHD
Loan Collector560 BHD
Loan Examiner760 BHD
Loan Officer650 BHD
Loan Processing Manager1,720 BHD
Loan Processor730 BHD
Loan Quality Assurance Auditor1,670 BHD
Loan Quality Assurance Manager1,890 BHD
Loan Quality Assurance Representative1,280 BHD
Loan Review Manager1,960 BHD
Loan Team Leader1,610 BHD
Loans Manager2,290 BHD
Mortgage Advisor1,130 BHD
Mortgage Collection Manager1,940 BHD
Mortgage Collector550 BHD
Mortgage Credit Analyst910 BHD
Mortgage Credit Manager1,940 BHD
Mortgage Development Manager2,050 BHD
Mortgage Document Reviewer710 BHD
Mortgage Funding Manager2,150 BHD
Mortgage Operations Manager2,820 BHD
Mortgage Payment Processing Clerk630 BHD
Mortgage Processing Manager1,930 BHD
Mortgage Processor770 BHD
Mortgage Quality Assurance Auditor1,670 BHD
Mortgage Quality Assurance Manager1,940 BHD
Mortgage Servicing Clerk610 BHD
Mortgage Servicing Manager1,770 BHD
Mortgage Underwriter740 BHD
Online Banking Manager2,920 BHD
Open Banking Strategist1,800 BHD
Payment Processing Clerk610 BHD
Personal Banker1,200 BHD
Personal Banking Advisor 1,230 BHD
Phone Banker770 BHD
Private Banker1,260 BHD
Reconciliation and Investigation Specialist1,430 BHD
Tax Officer1,030 BHD
Teller560 BHD
Trade Officer680 BHD
Trade Product Manager1,980 BHD
Trader840 BHD
Treasury Operations Officer1,430 BHD
Wealth Management Advisor2,500 BHD


Banking Jobs Pay Scale and Salaries in Bahrain

Median and salary distribution Bahrain Banking monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/banking/median-and-salary-distribution-monthly-bahrain-banking.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
1,620 BHD or more
10% of people earn
1,340 to 1,620 BHD
20% of people earn
730 BHD or less
65% of people earn
730 to 1,340 BHD
Minimum Salary
510 BHD
Median
1,450 BHD
Maximum
3,300 BHD




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 Banking in Bahrain range from 510 BHD (starting average salary) to 3,300 BHD (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 Banking is 1,450 BHD, implying that half of the workforce in Bahrain 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 Banking in Bahrain earn less than 1,080 BHD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 1,790 BHD, 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 Banking in Bahrain. The analysis revealed that roughly 65% of all reported salaries fell within the range of 730 BHD to 1,340 BHD. Approximately 20% of salaries were below the 730 BHD mark, while 10% ranged from 1,340 BHD to 1,620 BHD. Only 5% of individuals earned a gross salary of 1,620 BHD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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 Banking in Bahrain 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.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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 Banking in Bahrain, 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 Bahrain costs anywhere from 7,420 BHD to 22,200 BHD 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 / Banking / Bahrain

Salary comparison by gender Bahrain Banking monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/banking/salary-comparison-by-gender-monthly-bahrain-banking.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 Banking in Bahrain, the average difference between the salary of male and female employees is 6%.

Male
1,660 BHD
Female-5%
1,570 BHD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bahrain for all Careers

Salary comparison by gender monthly Bahrain
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/salary-comparison-by-gender-monthly-bahrain.jpg

Average Annual Salary Increment Percentage / Banking / Bahrain

How much are annual salary increments in Bahrain for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Bahrain are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Bahrain Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/banking/annual-salary-increment-rate-bahrain-banking.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.

Bahrain / All Professions

Annual Salary Increment Rate Bahrain
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/annual-salary-increment-rate-bahrain.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 Bahrain is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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 / Banking / Bahrain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahrain Banking
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/banking/annual-salary-bonus-rate-bahrain-banking.jpg

40% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
60%
No Bonus
40%

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?

The main two types of jobs

Revenue GeneratorsSupporting 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 / Banking / Bahrain


9 BHD per hour

The average hourly wage (pay per hour) in Banking in Bahrain is 9 BHD.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 Banking in Bahrain is 3 BHD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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 Bahrain is 17% on average across all career fields.

Private Sector
1,380 BHD
Public Sector+17%
1,620 BHD
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 Banking in Bahrain?

A good and competitive compensation would range anywhere between 1,450 BHD and 1,790 BHD. 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 Banking in Bahrain ranges from 510 BHD to 1,080 BHD. 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024