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Bank Branch Manager Average Salary in Oman 2021

How much money does a Bank Branch Manager make in Oman?


Average Monthly Salary
3,000 OMR
( 36,000 OMR yearly)

LOW
1,410
OMR
AVERAGE
3,000
OMR
HIGH
4,740
OMR

A person working as a Bank Branch Manager in Oman typically earns around 3,000 OMR per month. Salaries range from 1,410 OMR (lowest) to 4,740 OMR (highest).

This is the average monthly salary including housing, transport, and other benefits. Bank Branch Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Bank Branch Manager Salary Distribution in Oman

Median and salary distribution monthly Oman Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Oman range from 1,410 OMR per month (minimum salary) to 4,740 OMR per month (maximum salary).

  • Median Salary

    The median salary is 3,180 OMR per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 3,180 OMR while the other half are earning more than 3,180 OMR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bank Branch Manager(s) are earning less than 2,060 OMR while 75% of them are earning more than 2,060 OMR. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 4,190 OMR while 25% are earning more than 4,190 OMR.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Bank Branch Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Oman Bank Branch Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bank Branch Manager salaries by experience level and this is what we found.

A Bank Branch Manager with less than two years of experience makes approximately 1,620 OMR per month.

While someone with an experience level between two and five years is expected to earn 2,240 OMR per month, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,190 OMR per month, 42% more than someone with two to five years of experience.

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.

Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,890 OMR per month, 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 4,100 OMR per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,470 OMR per month, 9% more than people with fifteen to twenty years of experience.


Bank Branch Manager average salary change by experience in Oman

0 - 2 Years
1,620 OMR
2 - 5 Years+38%
2,240 OMR
5 - 10 Years+42%
3,190 OMR
10 - 15 Years+22%
3,890 OMR
15 - 20 Years+6%
4,100 OMR
20+ Years+9%
4,470 OMR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Bank Branch Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Bank Branch Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Oman Bank Branch Manager
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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 Bank Branch Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 2,240 OMR per month.

While someone with a Master's Degree gets a salary of 4,100 OMR per month, 83% more than someone having a Bachelor's Degree degree.


Bank Branch Manager average salary difference by education level in Oman

Bachelor's Degree
2,240 OMR
Master's Degree+83%
4,100 OMR
Percentage increase and decrease are relative to the previous value

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 8,850 Rial Omani(s) to 26,500 Rial Omani(s) 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 into a higher paying job. The numbers seem to support the thoery. 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 Comparison By Education Level
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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Oman Bank Branch Manager
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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? Male Bank Branch Manager employees in Oman earn 14% more than their female counterparts on average.

Male
3,210 OMR
Female-12%
2,820 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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Bank Branch Manager Average Annual Salary Increment Percentage in Oman

How much are annual salary increments in Oman for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

Bank Branch Manager(s) in Oman are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Oman Bank Branch Manager
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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

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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%.

Annual Increment Rate By Industry 2020

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in Oman for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Bank Branch Manager Bonus and Incentive Rates in Oman

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Oman Bank Branch Manager
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A Bank Branch Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% 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
82%
No Bonus
18%

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.

Bank Branch Manager Average Hourly Wage in Oman


17 OMR per hour

The average hourly wage (pay per hour) in Oman is 17 OMR. This means that the average Bank Branch Manager in Oman earns approximately 17 OMR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 fix 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.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Oman
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The average salary for Bank Branch Manager is 56% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst2,630 OMR-12%
Assistant Bank Branch Manager2,340 OMR-22%
Assistant Bank Manager3,150 OMR+5%
ATM Manager2,570 OMR-14%
ATM Service Technician680 OMR-77%
Bank Accounts Analyst1,030 OMR-66%
Bank Accounts Controller1,240 OMR-59%
Bank Accounts Executive1,970 OMR-34%
Bank Accounts Manager2,200 OMR-27%
Bank Auditing Manager2,340 OMR-22%
Bank Branch Manager3,000 OMR+0%
Bank Clerk600 OMR-80%
Bank Compliance Specialist1,580 OMR-47%
Bank Manager3,630 OMR+21%
Bank Operational Risk Manager3,590 OMR+20%
Bank Operations Head3,610 OMR+20%
Bank Operations Officer1,400 OMR-53%
Bank Operations Specialist2,180 OMR-27%
Bank Process Manager2,080 OMR-31%
Bank Product Manager 2,450 OMR-18%
Bank Programme Manager2,550 OMR-15%
Bank Project Manager3,010 OMR+0%
Bank Propositions Manager2,740 OMR-9%
Bank Quantitative Analyst1,890 OMR-37%
Bank Regional Manager3,650 OMR+22%
Bank Regional Risk Officer1,980 OMR-34%
Bank Relationship Manager2,850 OMR-5%
Bank Relationship Officer1,270 OMR-58%
Banker1,360 OMR-55%
Banking Business Analyst1,930 OMR-36%
Banking Business Development Officer1,210 OMR-60%
Banking Business Planning Executive2,670 OMR-11%
Banking Product Manager2,350 OMR-22%
Banking Reference Data Manager2,100 OMR-30%
Banking Risk Analyst1,960 OMR-35%
Banking Technical Analyst1,010 OMR-66%
Bankruptcy Coordinator1,380 OMR-54%
Budget Analyst1,860 OMR-38%
Cards Marketing Manager2,420 OMR-19%
Cash Management Manager3,260 OMR+9%
Check Processing Manager2,570 OMR-14%
Commercial Vault Associate1,810 OMR-40%
Corporate Dealer1,910 OMR-36%
Credit Analyst1,520 OMR-49%
Credit and Collections Manager2,550 OMR-15%
Credit Card Fraud Investigator1,880 OMR-37%
Credit Portfolio Manager3,500 OMR+17%
Credit Risk Analyst2,080 OMR-31%
Credit Risk Associate1,990 OMR-34%
Direct Bank Sales Representative1,370 OMR-54%
Financial Bank Planning Consultant2,510 OMR-16%
Financial Banking Analysis Manager2,930 OMR-2%
Financial Banking Assistant910 OMR-70%
Financial Banking Systems Manager2,520 OMR-16%
Foreign Exchange Manager2,870 OMR-4%
Fraud Analyst2,120 OMR-29%
Fraud Detection Associate1,370 OMR-54%
Fraud Detection Manager2,920 OMR-3%
Fraud Detection Supervisor1,590 OMR-47%
Internal Bank Audit Manager3,410 OMR+14%
Internal Bank Auditor1,930 OMR-36%
International Banking Manager3,940 OMR+31%
Loan Analyst1,890 OMR-37%
Loan Area Manager2,410 OMR-20%
Loan Audit Team Leader2,250 OMR-25%
Loan Branch Manager2,150 OMR-28%
Loan Business Development Officer1,120 OMR-63%
Loan Clerk700 OMR-77%
Loan Collection Manager2,270 OMR-24%
Loan Collector640 OMR-79%
Loan Examiner820 OMR-73%
Loan Processing Manager2,150 OMR-28%
Loan Processor860 OMR-71%
Loan Quality Assurance Auditor1,870 OMR-38%
Loan Quality Assurance Manager2,220 OMR-26%
Loan Quality Assurance Representative1,420 OMR-53%
Loan Review Manager2,070 OMR-31%
Loan Team Leader1,970 OMR-34%
Mortgage Advisor1,310 OMR-56%
Mortgage Collection Manager2,340 OMR-22%
Mortgage Collector630 OMR-79%
Mortgage Credit Analyst990 OMR-67%
Mortgage Credit Manager2,210 OMR-26%
Mortgage Development Manager2,450 OMR-18%
Mortgage Document Reviewer800 OMR-73%
Mortgage Funding Manager2,540 OMR-15%
Mortgage Operations Manager3,440 OMR+15%
Mortgage Payment Processing Clerk730 OMR-76%
Mortgage Processing Manager2,160 OMR-28%
Mortgage Processor820 OMR-73%
Mortgage Quality Assurance Auditor1,820 OMR-39%
Mortgage Quality Assurance Manager2,220 OMR-26%
Mortgage Servicing Clerk670 OMR-78%
Mortgage Servicing Manager2,060 OMR-31%
Mortgage Underwriter800 OMR-73%
Online Banking Manager3,220 OMR+7%
Payment Processing Clerk700 OMR-77%
Personal Banker1,330 OMR-56%
Personal Banking Advisor 1,430 OMR-52%
Phone Banker900 OMR-70%
Private Banker1,380 OMR-54%
Reconciliation and Investigation Specialist1,550 OMR-48%
Teller640 OMR-79%
Trade Officer780 OMR-74%
Trade Product Manager2,160 OMR-28%
Trader960 OMR-68%
Treasury Operations Officer1,710 OMR-43%

Salary Comparison By City

CityAverage Salary
Muscat3,340 OMR
Salalah3,180 OMR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Oman earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
1,700 OMR
Public Sector+7%
1,820 OMR
Percentage increase and decrease are relative to the previous value

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