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Accounting and Finance Average Salaries in Oman 2024

How much money does a person working in Accounting and Finance make in Oman?


Average Monthly Salary
1,840 OMR
( 22,000 OMR yearly)

LOW
740
OMR
AVERAGE
1,840
OMR
HIGH
3,660
OMR
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 Oman typically earns around 1,840 OMR. Salaries range from 740 OMR (lowest average) to 3,660 OMR (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 Oman 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
Accounting and Finance
Account Examiner880 OMR
Account Executive1,510 OMR
Accountant1,220 OMR
Accounting Analyst1,490 OMR
Accounting Assistant920 OMR
Accounting Associate870 OMR
Accounting Clerk740 OMR
Accounting Coordinator1,050 OMR
Accounting Head2,400 OMR
Accounting Manager2,630 OMR
Accounting Officer870 OMR
Accounting Specialist1,690 OMR
Accounting Supervisor1,710 OMR
Accounting Technician900 OMR
Accounting Unit Controller1,960 OMR
Accounts Executive1,560 OMR
Accounts Officer940 OMR
Accounts Payable and Receivable Specialist1,200 OMR
Accounts Payable Assistant1,010 OMR
Accounts Payable Associate1,060 OMR
Accounts Payable Clerk890 OMR
Accounts Payable Manager2,510 OMR
Accounts Receivable Administrator1,840 OMR
Accounts Receivable Clerk910 OMR
Accounts Receivable Financial Analyst1,780 OMR
Accounts Receivable Manager2,300 OMR
Accounts Receivable Team Leader1,710 OMR
Algorithmic Trading Specialist2,070 OMR
Assistant Accountant930 OMR
Assistant Accounting Manager2,280 OMR
Assistant Auditor1,230 OMR
Assistant Corporate Controller1,740 OMR
Assistant Finance Manager2,540 OMR
Assistant Financial Controller1,640 OMR
Audit Director2,710 OMR
Audit Supervisor2,190 OMR
Auditing Clerk940 OMR
Auditing Manager2,630 OMR
Billing Clerk960 OMR
Billing Coordinator1,110 OMR
Billing Specialist1,280 OMR
Billing Supervisor1,910 OMR
Bookkeeper790 OMR
Bookkeeping Specialist1,230 OMR
Budget Analyst2,200 OMR
Budget Manager2,550 OMR
Business Support Analyst1,380 OMR
Capital Markets Associate1,760 OMR
Cash Flow Analyst1,800 OMR
Cash Management Manager2,500 OMR
Cash Management Officer1,400 OMR
Cashbook Clerk850 OMR
Chartered Accountant1,500 OMR
Chief Accountant1,880 OMR
Chief Financial Technology Officer2,600 OMR
Collections Clerk790 OMR
Collections Representative1,090 OMR
Collections Specialist1,220 OMR
Corporate Controller1,860 OMR
Corporate Treasurer2,290 OMR
Cost Accountant1,200 OMR
Cost Accounting Manager2,530 OMR
Cost Accounting Supervisor2,010 OMR
Cost Analyst1,960 OMR
Credit and Collection Manager2,470 OMR
Credit and Collection Staff940 OMR
Credit and Loans Officer850 OMR
Credit Controller1,720 OMR
Credit Manager2,620 OMR
Debt Adviser2,080 OMR
Debt Collector980 OMR
Debtors Clerk820 OMR
Debtors Controller870 OMR
Deputy CFO3,470 OMR
Deputy Head of Finance3,230 OMR
Derivative Trader2,130 OMR
Director of Finance3,570 OMR
E-commerce Accountant1,290 OMR
Economist2,980 OMR
Equity Analyst2,080 OMR
Escrow Assistant1,080 OMR
Executive Accountant1,410 OMR
External Auditor1,710 OMR
Finance Administrator1,400 OMR
Finance Analyst2,310 OMR
Finance Associate1,110 OMR
Finance Data Analyst1,880 OMR
Finance Director3,630 OMR
Finance Executive2,590 OMR
Finance Licensing Clerk880 OMR
Finance Licensing Manager2,240 OMR
Finance Licensing Specialist1,350 OMR
Finance Manager3,320 OMR
Finance Officer1,120 OMR
Finance President3,790 OMR
Finance Relationship Manager2,700 OMR
Finance Release Analyst1,380 OMR
Finance Specialist2,090 OMR
Finance Team Leader 2,640 OMR
Financial Accountant1,170 OMR
Financial Actuary1,840 OMR
Financial Administrator2,070 OMR
Financial Advisor2,210 OMR
Financial Analyst2,140 OMR
Financial Applications Specialist1,560 OMR
Financial Assistant970 OMR
Financial Associate1,120 OMR
Financial Associate1,000 OMR
Financial Claims Analyst1,690 OMR
Financial Claims Manager2,160 OMR
Financial Claims Supervisor1,930 OMR
Financial Clerk950 OMR
Financial Commercial Analyst1,810 OMR
Financial Compliance Analyst1,940 OMR
Financial Compliance Officer1,970 OMR
Financial Consultant1,580 OMR
Financial Controller2,030 OMR
Financial Controller1,920 OMR
Financial Coordinator1,080 OMR
Financial Customer Service Manager2,220 OMR
Financial Data Scientist2,220 OMR
Financial Dealer and Broker1,330 OMR
Financial Director3,470 OMR
Financial Encoder990 OMR
Financial Manager3,400 OMR
Financial Manager3,260 OMR
Financial Modelling Analyst2,290 OMR
Financial Operations Manager3,220 OMR
Financial Policy Analyst1,970 OMR
Financial Project Manager2,620 OMR
Financial Quantitative Analyst2,050 OMR
Financial Reporting Consultant1,700 OMR
Financial Reporting Manager2,430 OMR
Financial Section Head2,300 OMR
Financial Services Manager2,980 OMR
Financial Services Sales Agent1,350 OMR
Financial Technology Consultant1,930 OMR
Financial Wellness Coach2,430 OMR
FinTech Analyst2,170 OMR
Fixed Assets Administrator1,320 OMR
Forensic Accountant1,360 OMR
Fraud Detection Supervisor1,440 OMR
Fraud Prevention Manager2,540 OMR
Fund Accountant1,150 OMR
Grants Coordinator900 OMR
Green Finance Analyst1,940 OMR
Group Financial Manager3,610 OMR
Internal Auditor1,570 OMR
Internal Control Adviser1,840 OMR
Internal Control Officer1,090 OMR
International Tax Director2,870 OMR
Inventory Accountant1,220 OMR
Investment Advisor3,420 OMR
Investment Analyst2,430 OMR
Investment Associate2,020 OMR
Investment Broker1,990 OMR
Investment Fund Manager2,850 OMR
Investment Operations Manager2,820 OMR
Investment Underwriter1,050 OMR
Investor1,640 OMR
Investor Relations Manager2,470 OMR
KYC Team Leader2,330 OMR
Loan Processor1,000 OMR
Management Accountant1,330 OMR
Management Economist2,860 OMR
Paymaster1,010 OMR
Payroll Administrator1,590 OMR
Payroll Benefits Coordinator1,370 OMR
Payroll Billing Manager2,180 OMR
Payroll Clerk1,120 OMR
Payroll Manager2,260 OMR
Payroll Officer1,110 OMR
Payroll Specialist1,280 OMR
Payroll Supervisor1,520 OMR
Pensions Administrator1,300 OMR
Personal Financial Advisor1,850 OMR
Pricing Analyst2,050 OMR
Private Equity Analyst2,190 OMR
Project Accountant1,280 OMR
Proposal Development Coordinator1,090 OMR
Quantitative Trader1,760 OMR
Receivables Accountant1,130 OMR
Regulatory Accountant1,300 OMR
Retirement Plan Analyst1,860 OMR
Revenue Management Specialist2,060 OMR
Revenue Recognition Analyst2,210 OMR
Risk Management Director3,010 OMR
Risk Management Supervisor2,390 OMR
Staff Accountant1,150 OMR
Tax Accountant1,180 OMR
Tax Administrator1,320 OMR
Tax Advisor1,800 OMR
Tax Analyst1,920 OMR
Tax Associate1,020 OMR
Tax Consultant1,930 OMR
Tax Director2,690 OMR
Tax Examiner1,300 OMR
Tax Manager2,380 OMR
Tax Research Manager2,530 OMR
Teller710 OMR
Treasury Accountant1,280 OMR
Treasury Analyst1,960 OMR
Underwriter890 OMR
Underwriting Assistant810 OMR
Vice President of Finance3,200 OMR


Accounting and Finance Jobs Pay Scale and Salaries in Oman

Median and salary distribution Oman Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
1,890 OMR or more
10% of people earn
1,600 to 1,890 OMR
20% of people earn
960 OMR or less
65% of people earn
960 to 1,600 OMR
Minimum Salary
740 OMR
Median
1,660 OMR
Maximum
3,660 OMR




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 Oman range from 740 OMR (starting average salary) to 3,660 OMR (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 1,660 OMR, implying that half of the workforce in Oman 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 Oman earn less than 1,300 OMR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 2,000 OMR, 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 Oman. The analysis revealed that roughly 65% of all reported salaries fell within the range of 960 OMR to 1,600 OMR. Approximately 20% of salaries were below the 960 OMR mark, while 10% ranged from 1,600 OMR to 1,890 OMR. Only 5% of individuals earned a gross salary of 1,890 OMR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 Oman 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
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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 Oman, 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 Oman costs anywhere from 8,880 OMR to 26,600 OMR 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 / Oman

Salary comparison by gender Oman Accounting and Finance monthly
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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 Oman, the average difference between the salary of male and female employees is 16%.

Male
1,980 OMR
Female-14%
1,700 OMR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Oman for all Careers

Salary comparison by gender monthly Oman
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Average Annual Salary Increment Percentage / Accounting and Finance / Oman

How much are annual salary increments in Oman for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in Oman are likely to observe a salary increase of approximately 9% every 17 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Oman Accounting and Finance
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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.

Oman / All Professions

Annual Salary Increment Rate Oman
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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 Oman is 4%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Oman

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Oman Accounting and Finance
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26% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 74% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
74%
No Bonus
26%

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 / Accounting and Finance / Oman


11 OMR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Oman is 11 OMR.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 Oman is 4 OMR. 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

CityAverage Salary
Muscat1,940 OMR
Salalah1,860 OMR

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 Oman is 7% on average across all career fields.

Private Sector
1,700 OMR
Public Sector+7%
1,830 OMR
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 Oman?

A good and competitive compensation would range anywhere between 1,660 OMR and 2,000 OMR. 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 Oman ranges from 740 OMR to 1,300 OMR. 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


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