A person working as a Chief Financial Officer in Oman typically earns around 3,510 OMR per month. Salaries range from 1,890 OMR (lowest) to 5,300 OMR (highest).
This is the average monthly salary including housing, transport, and other benefits. Chief Financial Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Financial Officer salaries in Oman range from 1,890 OMR per month (minimum salary) to 5,300 OMR per month (maximum salary).
The median salary is 3,230 OMR per month, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 3,230 OMR while the other half are earning more than 3,230 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Chief Financial Officer(s) are earning less than 2,300 OMR while 75% of them are earning more than 2,300 OMR. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 3,920 OMR while 25% are earning more than 3,920 OMR.
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
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 Chief Financial Officer salaries by experience level and this is what we found.
A Chief Financial Officer with less than two years of experience makes approximately 2,200 OMR per month.
While someone with an experience level between two and five years is expected to earn 2,780 OMR per month, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,660 OMR per month, 32% more than someone with two to five years of experience.
Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,310 OMR per month, 18% 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 4,770 OMR per month, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,080 OMR per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+26%|
|5 - 10 Years||+32%|
|10 - 15 Years||+18%|
|15 - 20 Years||+11%|
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 Chief Financial Officer salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Chief Financial Officer is 2,680 OMR per month.
While someone with a Certificate or Diploma gets a salary of 3,020 OMR per month, 13% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 3,970 OMR per month, 32% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 4,920 OMR per month, 24% more than someone with Bachelor's Degree.
|Certificate or Diploma||+13%|
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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chief Financial Officer employees in Oman earn 9% more than their female counterparts on average.
Chief Financial Officer(s) in Oman are likely to observe a salary increase of approximately 13% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.
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.
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
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.
A Chief Financial Officer 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.
25% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.
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.
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.
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.
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.
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.
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.
The average salary for Chief Financial Officer is 46% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.
|Job Title||Average Salary|
|Account Coordinator||1,550 OMR||-56%|
|Administration Manager||2,040 OMR||-42%|
|Area Manager||1,810 OMR||-48%|
|Asset Protection Associate||2,130 OMR||-39%|
|Assistant Director||1,920 OMR||-45%|
|Assistant Manager||2,060 OMR||-41%|
|Assistant Operations Manager||2,340 OMR||-33%|
|Assistant Project Manager||2,030 OMR||-42%|
|Assistant Section Head||1,730 OMR||-51%|
|Assistant to CEO||1,870 OMR||-47%|
|Assistant Vice President||2,090 OMR||-40%|
|Associate Director||1,960 OMR||-44%|
|Bid Manager||2,410 OMR||-31%|
|Branch Manager||2,130 OMR||-39%|
|Business Development Manager||2,380 OMR||-32%|
|Business Operations Associate||2,070 OMR||-41%|
|Business Operations Lead||2,050 OMR||-42%|
|Campaign Manager||2,250 OMR||-36%|
|Chairman of The Board||3,750 OMR||+7%|
|Chairman Office Manager||2,370 OMR||-32%|
|Chief Corporate Officer||3,200 OMR||-9%|
|Chief Executive Officer||3,960 OMR||+13%|
|Chief Financial Officer||3,510 OMR||+0%|
|Chief of Staff||1,900 OMR||-46%|
|Chief Operating Officer||2,870 OMR||-18%|
|Chief Risk Officer||2,600 OMR||-26%|
|Client Services Manager||2,480 OMR||-29%|
|Commercial Project Manager||2,120 OMR||-40%|
|Commodity Broker||1,580 OMR||-55%|
|Corporate Affairs Executive||2,400 OMR||-32%|
|Corporate Compliance Director||2,640 OMR||-25%|
|Corporate Director||2,680 OMR||-24%|
|Corporate Officer||1,830 OMR||-48%|
|Corporate Partnerships Officer||1,880 OMR||-46%|
|Country Manager||3,000 OMR||-14%|
|Deputy Director||2,660 OMR||-24%|
|Director of Accreditation||2,660 OMR||-24%|
|Director of Catering Services||2,310 OMR||-34%|
|Director of Client Services||2,580 OMR||-26%|
|Director of Facilities Management||2,030 OMR||-42%|
|Director of Operations||2,530 OMR||-28%|
|Director of Process Simplification||1,960 OMR||-44%|
|Director of Project Management||2,650 OMR||-24%|
|Director of Revenue Management||2,270 OMR||-35%|
|Director of Training and Development||2,450 OMR||-30%|
|Distribution Manager||2,790 OMR||-20%|
|Division Manager||2,230 OMR||-36%|
|Duty Manager||2,150 OMR||-39%|
|Engagement Manager||2,820 OMR||-20%|
|Executive Director||3,870 OMR||+10%|
|Executive Manager||3,010 OMR||-14%|
|Franchise Manager||3,220 OMR||-8%|
|General Manager||2,950 OMR||-16%|
|Global Master Data Manager||2,660 OMR||-24%|
|Head of Middle Office||2,520 OMR||-28%|
|Head of Projects||2,540 OMR||-28%|
|Head of Sustainability||2,250 OMR||-36%|
|Housing Manager||2,160 OMR||-38%|
|HSE Manager||2,080 OMR||-41%|
|Key Account Manager||2,140 OMR||-39%|
|Knowledge Manager||2,530 OMR||-28%|
|Location Manager||2,430 OMR||-31%|
|Logistics Manager||2,010 OMR||-43%|
|Management Consultant||2,130 OMR||-39%|
|Management Executive||2,690 OMR||-23%|
|Managing Director||3,120 OMR||-11%|
|MIS Executive||2,550 OMR||-27%|
|Ocean Services Manager||2,770 OMR||-21%|
|Operations Assistant||1,850 OMR||-47%|
|Operations Director||2,770 OMR||-21%|
|Operations Executive||2,940 OMR||-16%|
|Operations Manager||2,990 OMR||-15%|
|Operations Supervisor||2,390 OMR||-32%|
|Policy Administration Executive||2,110 OMR||-40%|
|Private Sector Executive||2,360 OMR||-33%|
|Product Development Manager||2,720 OMR||-22%|
|Product Executive||2,330 OMR||-34%|
|Production Executive||2,690 OMR||-23%|
|Production Manager||2,600 OMR||-26%|
|Production Supervisor||2,320 OMR||-34%|
|Program Manager||2,750 OMR||-22%|
|Programme Coordinator||1,860 OMR||-47%|
|Project Control Manager||2,670 OMR||-24%|
|Project Coordinator||1,670 OMR||-52%|
|Project Management Officer||1,780 OMR||-49%|
|Project Manager||1,930 OMR||-45%|
|Project Portfolio Manager||2,140 OMR||-39%|
|Quality Manager||2,000 OMR||-43%|
|R/D Director||2,270 OMR||-35%|
|Regional Director||3,620 OMR||+3%|
|Regional Manager||2,620 OMR||-25%|
|Relationship Manager||2,520 OMR||-28%|
|Retail District Manager||1,760 OMR||-50%|
|Revenue Manager||2,020 OMR||-42%|
|Risk and Capital Manager||2,930 OMR||-16%|
|Risk Officer||1,890 OMR||-46%|
|Safety Manager||2,020 OMR||-42%|
|Section Head||1,970 OMR||-44%|
|Service Manager||1,990 OMR||-43%|
|Shift Supervisor||1,560 OMR||-56%|
|Solutions Manager||1,870 OMR||-47%|
|Supply Chain Manager||2,620 OMR||-25%|
|Technical Manager||2,520 OMR||-28%|
|Territory Manager||2,640 OMR||-25%|
|Validation Manager||2,140 OMR||-39%|
|Vice President||3,150 OMR||-10%|
|Zone Manager||2,610 OMR||-26%|
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.