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Chief Financial Officer Average Salary in Oman 2022

How much money does a Chief Financial Officer make in Oman?

Average Monthly Salary
3,510 OMR
( 42,100 OMR yearly)


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 Salary Distribution in Oman

Median and salary distribution monthly Oman Chief Financial Officer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Financial Officer salaries in Oman range from 1,890 OMR per month (minimum salary) to 5,300 OMR per month (maximum salary).

  • Median 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.

  • Percentiles

    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.

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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Oman Chief Financial Officer
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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 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.

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, 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.

Chief Financial Officer average salary change by experience in Oman

0 - 2 Years
2,200 OMR
2 - 5 Years+26%
2,780 OMR
5 - 10 Years+32%
3,660 OMR
10 - 15 Years+18%
4,310 OMR
15 - 20 Years+11%
4,770 OMR
20+ Years+6%
5,080 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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Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Chief Financial Officer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Oman Chief Financial Officer
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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 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.

Chief Financial Officer average salary difference by education level in Oman

High School
2,680 OMR
Certificate or Diploma+13%
3,020 OMR
Bachelor's Degree+32%
3,970 OMR
Master's Degree+24%
4,920 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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Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender monthly Oman Chief Financial Officer
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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 Chief Financial Officer employees in Oman earn 9% more than their female counterparts on average.

3,630 OMR
3,330 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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Chief Financial Officer Average Annual Salary Increment Percentage in Oman

How much are annual salary increments in Oman for Chief Financial Officer(s)? How often do employees get salary raises?

Chief Financial Officer

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.

Annual Salary Increment Rate Oman Chief Financial Officer
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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 2021

Information Technology

Listed above are the average annual increase rates for each industry in Oman for the year 2021. 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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Chief Financial Officer Bonus and Incentive Rates in Oman

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Oman Chief Financial Officer
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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.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Chief Financial Officer Average Hourly Wage in Oman

20 OMR per hour

The average hourly wage (pay per hour) in Oman is 20 OMR. This means that the average Chief Financial Officer in Oman earns approximately 20 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly Oman
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator1,550 OMR-56%
Administration Manager2,040 OMR-42%
Area Manager1,810 OMR-48%
Asset Protection Associate2,130 OMR-39%
Assistant Director1,920 OMR-45%
Assistant Manager2,060 OMR-41%
Assistant Operations Manager2,340 OMR-33%
Assistant Project Manager2,030 OMR-42%
Assistant Section Head1,730 OMR-51%
Assistant to CEO1,870 OMR-47%
Assistant Vice President2,090 OMR-40%
Associate Director1,960 OMR-44%
Bid Manager2,410 OMR-31%
Branch Manager2,130 OMR-39%
Business Development Manager2,380 OMR-32%
Business Operations Associate2,070 OMR-41%
Business Operations Lead2,050 OMR-42%
Campaign Manager2,250 OMR-36%
Chairman of The Board3,750 OMR+7%
Chairman Office Manager2,370 OMR-32%
Chief Corporate Officer3,200 OMR-9%
Chief Executive Officer3,960 OMR+13%
Chief Financial Officer3,510 OMR+0%
Chief of Staff1,900 OMR-46%
Chief Operating Officer2,870 OMR-18%
Chief Risk Officer2,600 OMR-26%
Client Services Manager2,480 OMR-29%
Commercial Project Manager2,120 OMR-40%
Commodity Broker1,580 OMR-55%
Corporate Affairs Executive2,400 OMR-32%
Corporate Compliance Director2,640 OMR-25%
Corporate Director2,680 OMR-24%
Corporate Officer1,830 OMR-48%
Corporate Partnerships Officer1,880 OMR-46%
Country Manager3,000 OMR-14%
Deputy Director2,660 OMR-24%
Director2,960 OMR-16%
Director of Accreditation2,660 OMR-24%
Director of Catering Services2,310 OMR-34%
Director of Client Services2,580 OMR-26%
Director of Facilities Management2,030 OMR-42%
Director of Operations2,530 OMR-28%
Director of Process Simplification1,960 OMR-44%
Director of Project Management2,650 OMR-24%
Director of Revenue Management2,270 OMR-35%
Director of Training and Development2,450 OMR-30%
Distribution Manager2,790 OMR-20%
Division Manager2,230 OMR-36%
Duty Manager2,150 OMR-39%
Engagement Manager2,820 OMR-20%
Executive Director3,870 OMR+10%
Executive Manager3,010 OMR-14%
Franchise Manager3,220 OMR-8%
General Manager2,950 OMR-16%
Global Master Data Manager2,660 OMR-24%
Head of Middle Office2,520 OMR-28%
Head of Projects2,540 OMR-28%
Head of Sustainability2,250 OMR-36%
Housing Manager2,160 OMR-38%
HSE Manager2,080 OMR-41%
Key Account Manager2,140 OMR-39%
Knowledge Manager2,530 OMR-28%
Location Manager2,430 OMR-31%
Logistics Manager2,010 OMR-43%
Management Consultant2,130 OMR-39%
Management Executive2,690 OMR-23%
Manager2,510 OMR-28%
Managing Director3,120 OMR-11%
MIS Executive2,550 OMR-27%
Ocean Services Manager2,770 OMR-21%
Operations Assistant1,850 OMR-47%
Operations Director2,770 OMR-21%
Operations Executive2,940 OMR-16%
Operations Manager2,990 OMR-15%
Operations Supervisor2,390 OMR-32%
Policy Administration Executive2,110 OMR-40%
Private Sector Executive2,360 OMR-33%
Product Development Manager2,720 OMR-22%
Product Executive2,330 OMR-34%
Production Executive2,690 OMR-23%
Production Manager2,600 OMR-26%
Production Supervisor2,320 OMR-34%
Program Manager2,750 OMR-22%
Programme Coordinator1,860 OMR-47%
Project Control Manager2,670 OMR-24%
Project Coordinator1,670 OMR-52%
Project Management Officer1,780 OMR-49%
Project Manager1,930 OMR-45%
Project Portfolio Manager2,140 OMR-39%
Quality Manager2,000 OMR-43%
R/D Director2,270 OMR-35%
Regional Director3,620 OMR+3%
Regional Manager2,620 OMR-25%
Relationship Manager2,520 OMR-28%
Retail District Manager1,760 OMR-50%
Revenue Manager2,020 OMR-42%
Risk and Capital Manager2,930 OMR-16%
Risk Officer1,890 OMR-46%
Safety Manager2,020 OMR-42%
Section Head1,970 OMR-44%
Service Manager1,990 OMR-43%
Shift Supervisor1,560 OMR-56%
Solutions Manager1,870 OMR-47%
Supervisor1,670 OMR-52%
Supply Chain Manager2,620 OMR-25%
Surveyor1,900 OMR-46%
Technical Manager2,520 OMR-28%
Territory Manager2,640 OMR-25%
Validation Manager2,140 OMR-39%
Vice President3,150 OMR-10%
Zone Manager2,610 OMR-26%

Salary Comparison By City

CityAverage Salary
Muscat3,750 OMR
Salalah3,790 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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