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
Accounting and Finance | |
Account Examiner | 790 BHD |
Account Executive | 1,350 BHD |
Accountant | 1,060 BHD |
Accounting Analyst | 1,280 BHD |
|
Accounting Assistant | 850 BHD |
Accounting Associate | 770 BHD |
Accounting Clerk | 650 BHD |
Accounting Coordinator | 950 BHD |
Accounting Head | 2,140 BHD |
Accounting Manager | 2,200 BHD |
Accounting Officer | 790 BHD |
Accounting Specialist | 1,460 BHD |
Accounting Supervisor | 1,520 BHD |
Accounting Technician | 770 BHD |
Accounting Unit Controller | 1,770 BHD |
Accounts Executive | 1,330 BHD |
Accounts Officer | 860 BHD |
Accounts Payable and Receivable Specialist | 1,140 BHD |
Accounts Payable Assistant | 850 BHD |
Accounts Payable Associate | 990 BHD |
Accounts Payable Clerk | 780 BHD |
Accounts Payable Manager | 2,120 BHD |
Accounts Receivable Administrator | 1,560 BHD |
Accounts Receivable Clerk | 810 BHD |
Accounts Receivable Financial Analyst | 1,500 BHD |
Accounts Receivable Manager | 2,150 BHD |
Accounts Receivable Team Leader | 1,520 BHD |
Algorithmic Trading Specialist | 1,960 BHD |
Assistant Accountant | 780 BHD |
Assistant Accounting Manager | 1,930 BHD |
Assistant Auditor | 1,110 BHD |
Assistant Corporate Controller | 1,420 BHD |
Assistant Finance Manager | 2,320 BHD |
Assistant Financial Controller | 1,390 BHD |
Audit Director | 2,340 BHD |
Audit Supervisor | 2,000 BHD |
Auditing Clerk | 860 BHD |
Auditing Manager | 2,200 BHD |
Billing Clerk | 810 BHD |
Billing Coordinator | 990 BHD |
Billing Specialist | 1,110 BHD |
Billing Supervisor | 1,700 BHD |
Bookkeeper | 670 BHD |
Bookkeeping Specialist | 1,060 BHD |
Budget Analyst | 1,790 BHD |
Budget Manager | 2,180 BHD |
Business Support Analyst | 1,250 BHD |
Capital Markets Associate | 1,620 BHD |
|
Cash Flow Analyst | 1,630 BHD |
Cash Management Manager | 2,170 BHD |
Cash Management Officer | 1,280 BHD |
Cashbook Clerk | 700 BHD |
Chartered Accountant | 1,310 BHD |
Chief Accountant | 1,570 BHD |
Chief Financial Technology Officer | 2,180 BHD |
Collections Clerk | 670 BHD |
Collections Representative | 970 BHD |
Collections Specialist | 1,140 BHD |
Corporate Controller | 1,780 BHD |
Corporate Treasurer | 2,130 BHD |
Cost Accountant | 1,110 BHD |
Cost Accounting Manager | 2,040 BHD |
Cost Accounting Supervisor | 1,700 BHD |
Cost Analyst | 1,670 BHD |
Credit and Collection Manager | 2,120 BHD |
Credit and Collection Staff | 830 BHD |
Credit and Loans Officer | 770 BHD |
Credit Controller | 1,510 BHD |
Credit Manager | 2,250 BHD |
Debt Adviser | 1,690 BHD |
Debt Collector | 840 BHD |
Debtors Clerk | 700 BHD |
Debtors Controller | 790 BHD |
Deputy CFO | 3,000 BHD |
Deputy Head of Finance | 2,810 BHD |
Derivative Trader | 1,890 BHD |
Director of Finance | 3,010 BHD |
E-commerce Accountant | 1,120 BHD |
Economist | 2,590 BHD |
Equity Analyst | 1,940 BHD |
Escrow Assistant | 980 BHD |
Executive Accountant | 1,250 BHD |
External Auditor | 1,510 BHD |
Finance Administrator | 1,250 BHD |
Finance Analyst | 1,850 BHD |
Finance Associate | 950 BHD |
Finance Data Analyst | 1,670 BHD |
Finance Director | 3,270 BHD |
Finance Executive | 2,290 BHD |
Finance Licensing Clerk | 750 BHD |
Finance Licensing Manager | 2,010 BHD |
Finance Licensing Specialist | 1,160 BHD |
Finance Manager | 2,860 BHD |
Finance Officer | 1,000 BHD |
Finance President | 3,130 BHD |
Finance Relationship Manager | 2,550 BHD |
Finance Release Analyst | 1,170 BHD |
|
Finance Specialist | 1,720 BHD |
Finance Team Leader | 2,370 BHD |
Financial Accountant | 1,050 BHD |
Financial Actuary | 1,700 BHD |
Financial Administrator | 1,700 BHD |
Financial Advisor | 1,920 BHD |
Financial Analyst | 1,880 BHD |
Financial Applications Specialist | 1,350 BHD |
Financial Assistant | 880 BHD |
Financial Associate | 910 BHD |
Financial Associate | 1,030 BHD |
Financial Claims Analyst | 1,410 BHD |
Financial Claims Manager | 1,900 BHD |
Financial Claims Supervisor | 1,790 BHD |
Financial Clerk | 860 BHD |
Financial Commercial Analyst | 1,570 BHD |
Financial Compliance Analyst | 1,760 BHD |
Financial Compliance Officer | 1,670 BHD |
Financial Consultant | 1,370 BHD |
Financial Controller | 1,760 BHD |
Financial Controller | 1,770 BHD |
Financial Coordinator | 1,000 BHD |
Financial Customer Service Manager | 2,010 BHD |
Financial Data Scientist | 1,990 BHD |
Financial Dealer and Broker | 1,110 BHD |
Financial Director | 3,290 BHD |
Financial Encoder | 900 BHD |
Financial Manager | 2,910 BHD |
Financial Manager | 2,850 BHD |
Financial Modelling Analyst | 1,960 BHD |
Financial Operations Manager | 2,750 BHD |
Financial Policy Analyst | 1,630 BHD |
Financial Project Manager | 2,120 BHD |
Financial Quantitative Analyst | 1,780 BHD |
Financial Reporting Consultant | 1,510 BHD |
Financial Reporting Manager | 2,010 BHD |
Financial Section Head | 2,120 BHD |
Financial Services Manager | 2,690 BHD |
Financial Services Sales Agent | 1,180 BHD |
Financial Technology Consultant | 1,740 BHD |
Financial Wellness Coach | 2,090 BHD |
FinTech Analyst | 1,790 BHD |
Fixed Assets Administrator | 1,120 BHD |
Forensic Accountant | 1,280 BHD |
Fraud Detection Supervisor | 1,380 BHD |
Fraud Prevention Manager | 2,100 BHD |
Fund Accountant | 1,000 BHD |
Grants Coordinator | 790 BHD |
Green Finance Analyst | 1,690 BHD |
Group Financial Manager | 3,100 BHD |
Internal Auditor | 1,460 BHD |
Internal Control Adviser | 1,760 BHD |
Internal Control Officer | 900 BHD |
International Tax Director | 2,670 BHD |
Inventory Accountant | 1,090 BHD |
Investment Advisor | 2,850 BHD |
Investment Analyst | 2,140 BHD |
Investment Associate | 1,870 BHD |
Investment Broker | 1,850 BHD |
Investment Fund Manager | 2,280 BHD |
Investment Operations Manager | 2,500 BHD |
Investment Underwriter | 880 BHD |
Investor | 1,360 BHD |
Investor Relations Manager | 2,160 BHD |
KYC Team Leader | 2,140 BHD |
Loan Processor | 900 BHD |
Management Accountant | 1,150 BHD |
Management Economist | 2,500 BHD |
Paymaster | 880 BHD |
Payroll Administrator | 1,430 BHD |
Payroll Benefits Coordinator | 1,140 BHD |
Payroll Billing Manager | 1,920 BHD |
Payroll Clerk | 960 BHD |
Payroll Manager | 2,050 BHD |
Payroll Officer | 930 BHD |
Payroll Specialist | 1,130 BHD |
Payroll Supervisor | 1,320 BHD |
Pensions Administrator | 1,140 BHD |
Personal Financial Advisor | 1,660 BHD |
Pricing Analyst | 1,860 BHD |
Private Equity Analyst | 1,960 BHD |
Project Accountant | 1,170 BHD |
Proposal Development Coordinator | 960 BHD |
Quantitative Trader | 1,560 BHD |
Receivables Accountant | 950 BHD |
Regulatory Accountant | 1,140 BHD |
Retirement Plan Analyst | 1,780 BHD |
Revenue Management Specialist | 1,710 BHD |
Revenue Recognition Analyst | 1,900 BHD |
Risk Management Director | 2,660 BHD |
Risk Management Supervisor | 2,010 BHD |
Staff Accountant | 1,060 BHD |
Tax Accountant | 1,050 BHD |
Tax Administrator | 1,210 BHD |
Tax Advisor | 1,570 BHD |
Tax Analyst | 1,600 BHD |
Tax Associate | 870 BHD |
Tax Consultant | 1,690 BHD |
Tax Director | 2,500 BHD |
Tax Examiner | 1,120 BHD |
Tax Manager | 2,110 BHD |
Tax Research Manager | 2,150 BHD |
Teller | 640 BHD |
Treasury Accountant | 1,120 BHD |
Treasury Analyst | 1,840 BHD |
Underwriter | 720 BHD |
Underwriting Assistant | 690 BHD |
Vice President of Finance | 3,070 BHD |
Accounting and Finance Jobs Pay Scale and Salaries in Bahrain
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/median-and-salary-distribution-monthly-bahrain-accounting-and-finance.jpg 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?
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 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. ”
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 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/salary-comparison-by-gender-monthly-bahrain-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 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/salary-comparison-by-gender-monthly-bahrain.jpg
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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/annual-salary-increment-rate-bahrain-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.
Bahrain / All Professions
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/annual-salary-increment-rate-bahrain.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 Bahrain is 2%.”
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 / Bahrain
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/annual-salary-bonus-rate-bahrain-accounting-and-finance.jpg
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 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 / 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