HOME COMPARE YOUR SALARY BROWSE SALARIES
Home
Browse Salaries
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles

Accounting and Finance Average Salaries in Bahrain 2020

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


Average Monthly Salary
1,500 BHD
( 18,000 BHD yearly)

LOW
620
BHD
AVERAGE
1,500
BHD
HIGH
3,060
BHD

A person working in Accounting and Finance in Bahrain typically earns around 1,500 BHD per month. Salaries range from 620 BHD (lowest average) to 3,060 BHD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner790 BHD
Account Executive1,350 BHD
Accountant1,060 BHD
Accounting Assistant850 BHD
Accounting Associate770 BHD
Accounting Clerk650 BHD
Accounting Coordinator950 BHD
Accounting Manager2,200 BHD
Accounting Supervisor1,520 BHD
Accounting Technician770 BHD
Accounts Executive1,330 BHD
Accounts Payable and Receivable Specialist1,140 BHD
Accounts Payable Clerk780 BHD
Accounts Payable Manager2,120 BHD
Accounts Receivable Clerk810 BHD
Accounts Receivable Manager2,150 BHD
Assistant Accounting Manager1,930 BHD
Assistant Auditor1,110 BHD
Audit Supervisor1,990 BHD
Auditing Clerk860 BHD
Auditing Manager2,200 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 Officer1,280 BHD
Cashbook Clerk700 BHD
Chartered Accountant1,310 BHD
Collections Clerk670 BHD
Collections Specialist1,140 BHD
Corporate Treasurer2,130 BHD
Cost Accountant1,110 BHD
Cost Accounting Manager2,040 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
Debt Adviser1,690 BHD
Debt Collector840 BHD
Debtors Clerk700 BHD
Deputy CFO3,000 BHD
Derivative Trader1,890 BHD
Escrow Assistant980 BHD
External Auditor1,510 BHD
Finance Associate950 BHD
Finance Executive2,290 BHD
Finance Licensing Clerk750 BHD
Finance Licensing Manager2,010 BHD
Finance Licensing Specialist1,160 BHD
Finance Officer1,000 BHD
Finance President3,130 BHD
Finance Relationship Manager2,550 BHD
Finance Release Analyst1,170 BHD
Finance Team Leader 2,370 BHD
Financial Actuary1,700 BHD
Financial Administrator1,700 BHD
Financial Analyst1,880 BHD
Financial Applications Specialist1,350 BHD
Financial Assistant880 BHD
Financial Associate910 BHD
Financial Claims Analyst1,410 BHD
Financial Claims Manager1,890 BHD
Financial Commercial Analyst1,570 BHD
Financial Compliance Analyst1,760 BHD
Financial Consultant1,370 BHD
Financial Controller1,770 BHD
Financial Coordinator1,000 BHD
Financial Customer Service Manager2,010 BHD
Financial Dealer and Broker1,110 BHD
Financial Encoder900 BHD
Financial Manager2,850 BHD
Financial Manager2,910 BHD
Financial Operations Manager2,740 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 Services Sales Agent1,180 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
Internal Auditor1,460 BHD
Internal Control Adviser1,760 BHD
Internal Control Officer900 BHD
Inventory Accountant1,090 BHD
Investment Analyst2,140 BHD
Investment Fund Manager2,280 BHD
Investment Underwriter880 BHD
Investor1,360 BHD
Investor Relations Manager2,160 BHD
KYC Team Leader2,140 BHD
Management Economist2,500 BHD
Paymaster880 BHD
Payroll Clerk960 BHD
Payroll Manager2,050 BHD
Pensions Administrator1,140 BHD
Pricing Analyst1,860 BHD
Private Equity Analyst1,960 BHD
Proposal Development Coordinator960 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
Tax Accountant1,050 BHD
Tax Advisor1,570 BHD
Tax Associate870 BHD
Tax Manager2,110 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 Salary Distribution in Bahrain

Median and salary distribution monthly Bahrain Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/median-and-salary-distribution-monthly-bahrain-accounting-and-finance.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Bahrain range from 620 BHD per month (minimum average salary) to 3,060 BHD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,500 BHD per month, which means that half (50%) of people working in Accounting and Finance are earning less than 1,500 BHD while the other half are earning more than 1,500 BHD. 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 people working in Accounting and Finance are earning less than 950 BHD while 75% of them are earning more than 950 BHD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 2,280 BHD while 25% are earning more than 2,280 BHD.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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 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.


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.

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.

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 7,390 Bahraini Dinar(s) to 22,200 Bahraini Dinar(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Bahrain Accounting and Finance
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? Male employees in Bahrain who work in Accounting and Finance earn 6% more than their female counterparts on average.

Male
1,540 BHD
Female-5%
1,460 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/salary-comparison-by-gender-monthly-bahrain.jpg

Accounting and Finance Average Annual Salary Increment Percentage in Bahrain

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

Accounting and Finance

Accounting and Finance professionals 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
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

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 Bahrain is 2%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Bahrain for the year 2019. 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Accounting and Finance Bonus and Incentive Rates in Bahrain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahrain Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/annual-salary-bonus-rate-bahrain-accounting-and-finance.jpg

Accounting and Finance is considered to be a high bonus-based field 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.

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.

Accounting and Finance Hourly Average Wage in Bahrain


9 BHD per hour

The average hourly wage (pay per hour) in Bahrain is 9 BHD. This means that the average person in Bahrain earns approximately 9 BHD 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Bahrain
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/accounting-and-finance/salary-comparison-between-accounting-and-finance-and-accounting-and-finance-monthly-bahrain.jpg

The average salary for Accounting and Finance is 2% more than that of All Jobs.

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 Bahrain earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
1,370 BHD
Public Sector+17%
1,610 BHD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020