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Accounting and Finance Average Salaries in Bahrain 2024

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


Average Monthly Salary
1,530 BHD
( 18,400 BHD yearly)

LOW
620
BHD
AVERAGE
1,530
BHD
HIGH
3,060
BHD
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 Bahrain typically earns around 1,530 BHD. Salaries range from 620 BHD (lowest average) to 3,060 BHD (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 Bahrain 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 Examiner790 BHD
Account Executive1,350 BHD
Accountant1,060 BHD
Accounting Analyst1,280 BHD
Accounting Assistant850 BHD
Accounting Associate770 BHD
Accounting Clerk650 BHD
Accounting Coordinator950 BHD
Accounting Head2,140 BHD
Accounting Manager2,200 BHD
Accounting Officer790 BHD
Accounting Specialist1,460 BHD
Accounting Supervisor1,520 BHD
Accounting Technician770 BHD
Accounting Unit Controller1,770 BHD
Accounts Executive1,330 BHD
Accounts Officer860 BHD
Accounts Payable and Receivable Specialist1,140 BHD
Accounts Payable Assistant850 BHD
Accounts Payable Associate990 BHD
Accounts Payable Clerk780 BHD
Accounts Payable Manager2,120 BHD
Accounts Receivable Administrator1,560 BHD
Accounts Receivable Clerk810 BHD
Accounts Receivable Financial Analyst1,500 BHD
Accounts Receivable Manager2,150 BHD
Accounts Receivable Team Leader1,520 BHD
Algorithmic Trading Specialist1,960 BHD
Assistant Accountant780 BHD
Assistant Accounting Manager1,930 BHD
Assistant Auditor1,110 BHD
Assistant Corporate Controller1,420 BHD
Assistant Finance Manager2,320 BHD
Assistant Financial Controller1,390 BHD
Audit Director2,340 BHD
Audit Supervisor2,000 BHD
Auditing Clerk860 BHD
Auditing Manager2,200 BHD
Billing Clerk810 BHD
Billing Coordinator990 BHD
Billing Specialist1,110 BHD
Billing Supervisor1,700 BHD
Bookkeeper670 BHD
Bookkeeping Specialist1,060 BHD
Budget Analyst1,790 BHD
Budget Manager2,180 BHD
Business Support Analyst1,250 BHD
Capital Markets Associate1,620 BHD
Cash Flow Analyst1,630 BHD
Cash Management Manager2,170 BHD
Cash Management Officer1,280 BHD
Cashbook Clerk700 BHD
Chartered Accountant1,310 BHD
Chief Accountant1,570 BHD
Chief Financial Technology Officer2,180 BHD
Collections Clerk670 BHD
Collections Representative970 BHD
Collections Specialist1,140 BHD
Corporate Controller1,780 BHD
Corporate Treasurer2,130 BHD
Cost Accountant1,110 BHD
Cost Accounting Manager2,040 BHD
Cost Accounting Supervisor1,700 BHD
Cost Analyst1,670 BHD
Credit and Collection Manager2,120 BHD
Credit and Collection Staff830 BHD
Credit and Loans Officer770 BHD
Credit Controller1,510 BHD
Credit Manager2,250 BHD
Debt Adviser1,690 BHD
Debt Collector840 BHD
Debtors Clerk700 BHD
Debtors Controller790 BHD
Deputy CFO3,000 BHD
Deputy Head of Finance2,810 BHD
Derivative Trader1,890 BHD
Director of Finance3,010 BHD
E-commerce Accountant1,120 BHD
Economist2,590 BHD
Equity Analyst1,940 BHD
Escrow Assistant980 BHD
Executive Accountant1,250 BHD
External Auditor1,510 BHD
Finance Administrator1,250 BHD
Finance Analyst1,850 BHD
Finance Associate950 BHD
Finance Data Analyst1,670 BHD
Finance Director3,270 BHD
Finance Executive2,290 BHD
Finance Licensing Clerk750 BHD
Finance Licensing Manager2,010 BHD
Finance Licensing Specialist1,160 BHD
Finance Manager2,860 BHD
Finance Officer1,000 BHD
Finance President3,130 BHD
Finance Relationship Manager2,550 BHD
Finance Release Analyst1,170 BHD
Finance Specialist1,720 BHD
Finance Team Leader 2,370 BHD
Financial Accountant1,050 BHD
Financial Actuary1,700 BHD
Financial Administrator1,700 BHD
Financial Advisor1,920 BHD
Financial Analyst1,880 BHD
Financial Applications Specialist1,350 BHD
Financial Assistant880 BHD
Financial Associate910 BHD
Financial Associate1,030 BHD
Financial Claims Analyst1,410 BHD
Financial Claims Manager1,900 BHD
Financial Claims Supervisor1,790 BHD
Financial Clerk860 BHD
Financial Commercial Analyst1,570 BHD
Financial Compliance Analyst1,760 BHD
Financial Compliance Officer1,670 BHD
Financial Consultant1,370 BHD
Financial Controller1,760 BHD
Financial Controller1,770 BHD
Financial Coordinator1,000 BHD
Financial Customer Service Manager2,010 BHD
Financial Data Scientist1,990 BHD
Financial Dealer and Broker1,110 BHD
Financial Director3,290 BHD
Financial Encoder900 BHD
Financial Manager2,910 BHD
Financial Manager2,850 BHD
Financial Modelling Analyst1,960 BHD
Financial Operations Manager2,750 BHD
Financial Policy Analyst1,630 BHD
Financial Project Manager2,120 BHD
Financial Quantitative Analyst1,780 BHD
Financial Reporting Consultant1,510 BHD
Financial Reporting Manager2,010 BHD
Financial Section Head2,120 BHD
Financial Services Manager2,690 BHD
Financial Services Sales Agent1,180 BHD
Financial Technology Consultant1,740 BHD
Financial Wellness Coach2,090 BHD
FinTech Analyst1,790 BHD
Fixed Assets Administrator1,120 BHD
Forensic Accountant1,280 BHD
Fraud Detection Supervisor1,380 BHD
Fraud Prevention Manager2,100 BHD
Fund Accountant1,000 BHD
Grants Coordinator790 BHD
Green Finance Analyst1,690 BHD
Group Financial Manager3,100 BHD
Internal Auditor1,460 BHD
Internal Control Adviser1,760 BHD
Internal Control Officer900 BHD
International Tax Director2,670 BHD
Inventory Accountant1,090 BHD
Investment Advisor2,850 BHD
Investment Analyst2,140 BHD
Investment Associate1,870 BHD
Investment Broker1,850 BHD
Investment Fund Manager2,280 BHD
Investment Operations Manager2,500 BHD
Investment Underwriter880 BHD
Investor1,360 BHD
Investor Relations Manager2,160 BHD
KYC Team Leader2,140 BHD
Loan Processor900 BHD
Management Accountant1,150 BHD
Management Economist2,500 BHD
Paymaster880 BHD
Payroll Administrator1,430 BHD
Payroll Benefits Coordinator1,140 BHD
Payroll Billing Manager1,920 BHD
Payroll Clerk960 BHD
Payroll Manager2,050 BHD
Payroll Officer930 BHD
Payroll Specialist1,130 BHD
Payroll Supervisor1,320 BHD
Pensions Administrator1,140 BHD
Personal Financial Advisor1,660 BHD
Pricing Analyst1,860 BHD
Private Equity Analyst1,960 BHD
Project Accountant1,170 BHD
Proposal Development Coordinator960 BHD
Quantitative Trader1,560 BHD
Receivables Accountant950 BHD
Regulatory Accountant1,140 BHD
Retirement Plan Analyst1,780 BHD
Revenue Management Specialist1,710 BHD
Revenue Recognition Analyst1,900 BHD
Risk Management Director2,660 BHD
Risk Management Supervisor2,010 BHD
Staff Accountant1,060 BHD
Tax Accountant1,050 BHD
Tax Administrator1,210 BHD
Tax Advisor1,570 BHD
Tax Analyst1,600 BHD
Tax Associate870 BHD
Tax Consultant1,690 BHD
Tax Director2,500 BHD
Tax Examiner1,120 BHD
Tax Manager2,110 BHD
Tax Research Manager2,150 BHD
Teller640 BHD
Treasury Accountant1,120 BHD
Treasury Analyst1,840 BHD
Underwriter720 BHD
Underwriting Assistant690 BHD
Vice President of Finance3,070 BHD


Accounting and Finance Jobs Pay Scale and Salaries in Bahrain

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

5% of people earn
1,590 BHD or more
10% of people earn
1,350 to 1,590 BHD
20% of people earn
810 BHD or less
65% of people earn
810 to 1,350 BHD
Minimum Salary
620 BHD
Median
1,400 BHD
Maximum
3,060 BHD




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 Bahrain range from 620 BHD (starting average salary) to 3,060 BHD (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 1,400 BHD, implying that half of the workforce in Bahrain 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 Bahrain earn less than 1,090 BHD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 1,690 BHD, 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 Bahrain. The analysis revealed that roughly 65% of all reported salaries fell within the range of 810 BHD to 1,350 BHD. Approximately 20% of salaries were below the 810 BHD mark, while 10% ranged from 1,350 BHD to 1,590 BHD. Only 5% of individuals earned a gross salary of 1,590 BHD 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 Bahrain 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 Bahrain, 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 Bahrain costs anywhere from 7,420 BHD to 22,200 BHD 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 / Bahrain

Salary comparison by gender Bahrain 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 Bahrain, the average difference between the salary of male and female employees is 6%.

Male
1,570 BHD
Female-5%
1,490 BHD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bahrain for all Careers

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

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

Professionals working in Accounting and Finance in Bahrain are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Bahrain 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.

Bahrain / All Professions

Annual Salary Increment Rate Bahrain
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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 Bahrain is 2%.

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 / Bahrain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahrain Accounting and Finance
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40% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
60%
No Bonus
40%

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 / Bahrain


9 BHD per hour

The average hourly wage (pay per hour) in Accounting and Finance in Bahrain is 9 BHD.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 Bahrain is 4 BHD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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 Bahrain is 17% on average across all career fields.

Private Sector
1,380 BHD
Public Sector+17%
1,620 BHD
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 Bahrain?

A good and competitive compensation would range anywhere between 1,400 BHD and 1,690 BHD. 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 Bahrain ranges from 620 BHD to 1,090 BHD. 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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