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
Accounting and Finance | |
Account Examiner | 880 OMR |
Account Executive | 1,510 OMR |
Accountant | 1,220 OMR |
Accounting Analyst | 1,490 OMR |
|
Accounting Assistant | 920 OMR |
Accounting Associate | 870 OMR |
Accounting Clerk | 740 OMR |
Accounting Coordinator | 1,050 OMR |
Accounting Head | 2,400 OMR |
Accounting Manager | 2,630 OMR |
Accounting Officer | 870 OMR |
Accounting Specialist | 1,690 OMR |
Accounting Supervisor | 1,710 OMR |
Accounting Technician | 900 OMR |
Accounting Unit Controller | 1,960 OMR |
Accounts Executive | 1,560 OMR |
Accounts Officer | 940 OMR |
Accounts Payable and Receivable Specialist | 1,200 OMR |
Accounts Payable Assistant | 1,010 OMR |
Accounts Payable Associate | 1,060 OMR |
Accounts Payable Clerk | 890 OMR |
Accounts Payable Manager | 2,510 OMR |
Accounts Receivable Administrator | 1,840 OMR |
Accounts Receivable Clerk | 910 OMR |
Accounts Receivable Financial Analyst | 1,780 OMR |
Accounts Receivable Manager | 2,300 OMR |
Accounts Receivable Team Leader | 1,710 OMR |
Algorithmic Trading Specialist | 2,070 OMR |
Assistant Accountant | 930 OMR |
Assistant Accounting Manager | 2,280 OMR |
Assistant Auditor | 1,230 OMR |
Assistant Corporate Controller | 1,740 OMR |
Assistant Finance Manager | 2,540 OMR |
Assistant Financial Controller | 1,640 OMR |
Audit Director | 2,710 OMR |
Audit Supervisor | 2,190 OMR |
Auditing Clerk | 940 OMR |
Auditing Manager | 2,630 OMR |
Billing Clerk | 960 OMR |
Billing Coordinator | 1,110 OMR |
Billing Specialist | 1,280 OMR |
Billing Supervisor | 1,910 OMR |
Bookkeeper | 790 OMR |
Bookkeeping Specialist | 1,230 OMR |
Budget Analyst | 2,200 OMR |
Budget Manager | 2,550 OMR |
Business Support Analyst | 1,380 OMR |
Capital Markets Associate | 1,760 OMR |
Cash Flow Analyst | 1,800 OMR |
Cash Management Manager | 2,500 OMR |
Cash Management Officer | 1,400 OMR |
Cashbook Clerk | 850 OMR |
Chartered Accountant | 1,500 OMR |
Chief Accountant | 1,880 OMR |
Chief Financial Technology Officer | 2,600 OMR |
Collections Clerk | 790 OMR |
Collections Representative | 1,090 OMR |
Collections Specialist | 1,220 OMR |
Corporate Controller | 1,860 OMR |
Corporate Treasurer | 2,290 OMR |
Cost Accountant | 1,200 OMR |
Cost Accounting Manager | 2,530 OMR |
Cost Accounting Supervisor | 2,010 OMR |
Cost Analyst | 1,960 OMR |
Credit and Collection Manager | 2,470 OMR |
Credit and Collection Staff | 940 OMR |
Credit and Loans Officer | 850 OMR |
Credit Controller | 1,720 OMR |
Credit Manager | 2,620 OMR |
Debt Adviser | 2,080 OMR |
Debt Collector | 980 OMR |
Debtors Clerk | 820 OMR |
Debtors Controller | 870 OMR |
Deputy CFO | 3,470 OMR |
Deputy Head of Finance | 3,230 OMR |
Derivative Trader | 2,130 OMR |
Director of Finance | 3,570 OMR |
E-commerce Accountant | 1,290 OMR |
Economist | 2,980 OMR |
Equity Analyst | 2,080 OMR |
Escrow Assistant | 1,080 OMR |
Executive Accountant | 1,410 OMR |
External Auditor | 1,710 OMR |
Finance Administrator | 1,400 OMR |
Finance Analyst | 2,310 OMR |
Finance Associate | 1,110 OMR |
Finance Data Analyst | 1,880 OMR |
Finance Director | 3,630 OMR |
Finance Executive | 2,590 OMR |
Finance Licensing Clerk | 880 OMR |
Finance Licensing Manager | 2,240 OMR |
Finance Licensing Specialist | 1,350 OMR |
Finance Manager | 3,320 OMR |
Finance Officer | 1,120 OMR |
Finance President | 3,790 OMR |
Finance Relationship Manager | 2,700 OMR |
Finance Release Analyst | 1,380 OMR |
Finance Specialist | 2,090 OMR |
Finance Team Leader | 2,640 OMR |
Financial Accountant | 1,170 OMR |
Financial Actuary | 1,840 OMR |
Financial Administrator | 2,070 OMR |
Financial Advisor | 2,210 OMR |
Financial Analyst | 2,140 OMR |
Financial Applications Specialist | 1,560 OMR |
Financial Assistant | 970 OMR |
Financial Associate | 1,000 OMR |
Financial Associate | 1,120 OMR |
Financial Claims Analyst | 1,690 OMR |
Financial Claims Manager | 2,160 OMR |
Financial Claims Supervisor | 1,930 OMR |
Financial Clerk | 950 OMR |
Financial Commercial Analyst | 1,810 OMR |
Financial Compliance Analyst | 1,940 OMR |
Financial Compliance Officer | 1,970 OMR |
Financial Consultant | 1,580 OMR |
Financial Controller | 2,030 OMR |
Financial Controller | 1,920 OMR |
Financial Coordinator | 1,080 OMR |
Financial Customer Service Manager | 2,220 OMR |
Financial Data Scientist | 2,220 OMR |
Financial Dealer and Broker | 1,330 OMR |
Financial Director | 3,470 OMR |
Financial Encoder | 990 OMR |
Financial Manager | 3,400 OMR |
Financial Manager | 3,260 OMR |
Financial Modelling Analyst | 2,290 OMR |
Financial Operations Manager | 3,220 OMR |
Financial Policy Analyst | 1,970 OMR |
Financial Project Manager | 2,620 OMR |
Financial Quantitative Analyst | 2,050 OMR |
Financial Reporting Consultant | 1,700 OMR |
Financial Reporting Manager | 2,430 OMR |
Financial Section Head | 2,300 OMR |
Financial Services Manager | 2,980 OMR |
Financial Services Sales Agent | 1,350 OMR |
Financial Technology Consultant | 1,930 OMR |
Financial Wellness Coach | 2,430 OMR |
FinTech Analyst | 2,170 OMR |
Fixed Assets Administrator | 1,320 OMR |
Forensic Accountant | 1,360 OMR |
Fraud Detection Supervisor | 1,440 OMR |
Fraud Prevention Manager | 2,540 OMR |
Fund Accountant | 1,150 OMR |
Grants Coordinator | 900 OMR |
Green Finance Analyst | 1,940 OMR |
Group Financial Manager | 3,610 OMR |
Internal Auditor | 1,570 OMR |
Internal Control Adviser | 1,840 OMR |
Internal Control Officer | 1,090 OMR |
International Tax Director | 2,870 OMR |
Inventory Accountant | 1,220 OMR |
Investment Advisor | 3,420 OMR |
Investment Analyst | 2,430 OMR |
Investment Associate | 2,020 OMR |
Investment Broker | 1,990 OMR |
Investment Fund Manager | 2,850 OMR |
Investment Operations Manager | 2,820 OMR |
Investment Underwriter | 1,050 OMR |
Investor | 1,640 OMR |
Investor Relations Manager | 2,470 OMR |
KYC Team Leader | 2,330 OMR |
Loan Processor | 1,000 OMR |
Management Accountant | 1,330 OMR |
Management Economist | 2,860 OMR |
Paymaster | 1,010 OMR |
Payroll Administrator | 1,590 OMR |
Payroll Benefits Coordinator | 1,370 OMR |
Payroll Billing Manager | 2,180 OMR |
Payroll Clerk | 1,120 OMR |
Payroll Manager | 2,260 OMR |
Payroll Officer | 1,110 OMR |
Payroll Specialist | 1,280 OMR |
Payroll Supervisor | 1,520 OMR |
Pensions Administrator | 1,300 OMR |
Personal Financial Advisor | 1,850 OMR |
Pricing Analyst | 2,050 OMR |
Private Equity Analyst | 2,190 OMR |
Project Accountant | 1,280 OMR |
Proposal Development Coordinator | 1,090 OMR |
Quantitative Trader | 1,760 OMR |
Receivables Accountant | 1,130 OMR |
Regulatory Accountant | 1,300 OMR |
Retirement Plan Analyst | 1,860 OMR |
Revenue Management Specialist | 2,060 OMR |
Revenue Recognition Analyst | 2,210 OMR |
Risk Management Director | 3,010 OMR |
Risk Management Supervisor | 2,390 OMR |
Staff Accountant | 1,150 OMR |
Tax Accountant | 1,180 OMR |
Tax Administrator | 1,320 OMR |
Tax Advisor | 1,800 OMR |
Tax Analyst | 1,920 OMR |
Tax Associate | 1,020 OMR |
Tax Consultant | 1,930 OMR |
Tax Director | 2,690 OMR |
Tax Examiner | 1,300 OMR |
Tax Manager | 2,380 OMR |
Tax Research Manager | 2,530 OMR |
Teller | 710 OMR |
Treasury Accountant | 1,280 OMR |
Treasury Analyst | 1,960 OMR |
Underwriter | 890 OMR |
Underwriting Assistant | 810 OMR |
Vice President of Finance | 3,200 OMR |
Accounting and Finance Jobs Pay Scale and Salaries in Oman
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/oman/accounting-and-finance/median-and-salary-distribution-monthly-oman-accounting-and-finance.jpg 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?
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 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. ”
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 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/oman/accounting-and-finance/salary-comparison-by-gender-monthly-oman-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 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/oman/salary-comparison-by-gender-monthly-oman.jpg
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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/oman/accounting-and-finance/annual-salary-increment-rate-oman-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.
Oman / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/oman/annual-salary-increment-rate-oman.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 Oman is 4%.”
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 / Oman
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/oman/accounting-and-finance/annual-salary-bonus-rate-oman-accounting-and-finance.jpg
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 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 / 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
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