HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Chief Financial Officer Average Salary in Bahrain 2024

How much money does a person working as Chief Financial Officer make in Bahrain?


Average Monthly Salary
3,140 BHD
( 37,700 BHD yearly)

LOW
1,480
BHD
AVERAGE
3,140
BHD
HIGH
4,970
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 as Chief Financial Officer in Bahrain typically earns around 3,140 BHD. Salaries range from 1,480 BHD (lowest) to 4,970 BHD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Chief Financial Officer salaries in Bahrain vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Chief Financial Officer Pay Scale and Salaries in Bahrain

Median and salary distribution Bahrain Chief Financial Officer monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/executive-and-management/chief-financial-officer/median-and-salary-distribution-monthly-bahrain-chief-financial-officer.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
2,960 BHD or more
10% of people earn
2,600 to 2,960 BHD
20% of people earn
1,810 BHD or less
65% of people earn
1,810 to 2,600 BHD
Minimum Salary
1,480 BHD
Median
2,980 BHD
Maximum
4,970 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 for the position Chief Financial Officer in Bahrain range from 1,480 BHD (starting salary) to 4,970 BHD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 2,980 BHD, half of the professionals who work as Chief Financial Officer in Bahrain earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Financial Officer in Bahrain earn less than 2,420 BHD, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,430 BHD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Financial Officer in Bahrain compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,810 BHD to 2,600 BHD. About 20% of salaries are below the 1,810 BHD mark, while 10% fall within the range of 2,600 BHD to 2,960 BHD. Only 5% of individuals have salaries exceeding 2,960 BHD.

Salary Comparison by Years of Experience / Chief Financial Officer / Bahrain

How do experience and age affect pay?

0 - 2 Years
1,710 BHD
2 - 5 Years+38%
2,350 BHD
5 - 10 Years+42%
3,350 BHD
10 - 15 Years+22%
4,080 BHD
15 - 20 Years+6%
4,310 BHD
20+ Years+9%
4,690 BHD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Bahrain Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/executive-and-management/chief-financial-officer/salary-comparison-by-years-of-experience-monthly-bahrain-chief-financial-officer.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Chief Financial Officer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,710 BHD.

While someone with an experience level between two and five years is expected to earn 2,350 BHD, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,350 BHD, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,080 BHD, 22% 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 4,310 BHD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,690 BHD, 9% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Chief Financial Officer / Bahrain

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Chief Financial Officer.

High School
2,110 BHD
Certificate or Diploma+17%
2,460 BHD
Bachelor's Degree+45%
3,570 BHD
Master's Degree+31%
4,690 BHD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Bahrain Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/executive-and-management/chief-financial-officer/salary-comparison-by-education-level-monthly-bahrain-chief-financial-officer.jpg

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 salaries by education level for the position Chief Financial Officer in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 2,110 BHD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 2,460 BHD, 17% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 3,570 BHD, 45% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 4,690 BHD, 31% more than the previous level.



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.

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 to a higher-paying job. The numbers seem to support the theory. 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Chief Financial Officer / Bahrain

Salary comparison by gender Bahrain Chief Financial Officer monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/executive-and-management/chief-financial-officer/salary-comparison-by-gender-monthly-bahrain-chief-financial-officer.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Chief Financial Officer in Bahrain, the average difference between the salary of male and female employees is 10%.

Male
3,320 BHD
Female-9%
3,000 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


Average Annual Salary Increment Percentage / Chief Financial Officer / Bahrain

How much are annual salary increments in Bahrain for individuals working as Chief Financial Officer? How often do employees get salary raises?

Individuals working as Chief Financial Officer in Bahrain are likely to observe a salary increase of approximately 10% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Bahrain Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/executive-and-management/chief-financial-officer/annual-salary-increment-rate-bahrain-chief-financial-officer.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

Annual Salary Increment Rate Bahrain
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

World Average Annual Salary Increment
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 / Chief Financial Officer / Bahrain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahrain Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahrain/executive-and-management/chief-financial-officer/annual-salary-bonus-rate-bahrain-chief-financial-officer.jpg

32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
68%
No Bonus
32%

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.

Average Hourly Wage / Chief Financial Officer / Bahrain


18 BHD per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Bahrain is 18 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 as Chief Financial Officer in Bahrain is 9 BHD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator1,370 BHD-56%
Account Director1,670 BHD-47%
Account Executive1,720 BHD-45%
Account Manager1,700 BHD-46%
Administration Manager1,690 BHD-46%
Administration Officer920 BHD-71%
Administration Supervisor1,460 BHD-54%
Administrative Clerk670 BHD-79%
Administrative Officer710 BHD-77%
Area Director1,620 BHD-48%
Area Manager1,600 BHD-49%
Asset Protection Associate1,850 BHD-41%
Assistant Director1,800 BHD-43%
Assistant General Manager1,810 BHD-42%
Assistant Manager1,840 BHD-41%
Assistant Managing Director2,080 BHD-34%
Assistant Operations Manager1,890 BHD-40%
Assistant Project Manager1,720 BHD-45%
Assistant Section Head1,480 BHD-53%
Assistant to CEO1,600 BHD-49%
Assistant Vice President1,810 BHD-42%
Associate Account Director1,800 BHD-43%
Associate Director1,780 BHD-43%
Bid Manager2,110 BHD-33%
Branch Manager1,920 BHD-39%
Business Development Manager2,190 BHD-30%
Business Operations Associate1,750 BHD-44%
Business Operations Lead1,840 BHD-41%
Campaign Manager2,050 BHD-35%
Catering Coordinator1,120 BHD-64%
Catering Manager1,840 BHD-41%
CEO3,460 BHD+10%
Chairman of The Board3,150 BHD+0%
Chairman Office Manager2,110 BHD-33%
Chief Commercial Officer2,430 BHD-23%
Chief Corporate Officer2,810 BHD-11%
Chief Digital Officer2,380 BHD-24%
Chief Digital Strategy Officer2,460 BHD-22%
Chief Digital Transformation Officer2,340 BHD-26%
Chief Ethics Officer1,990 BHD-37%
Chief Executive Officer3,420 BHD+9%
Chief Financial Officer3,140 BHD-0%
Chief Investment Officer2,600 BHD-17%
Chief of Staff1,550 BHD-51%
Chief Operating Officer2,610 BHD-17%
Chief Privacy Officer2,070 BHD-34%
Chief Resilience Officer2,550 BHD-19%
Chief Risk Officer2,210 BHD-30%
Chief Strategy Officer2,710 BHD-14%
Chief Trust and Safety Officer2,140 BHD-32%
Client Account Manager2,130 BHD-32%
Client Accounts Officer1,650 BHD-48%
Client Services Manager2,090 BHD-34%
Commercial Director2,390 BHD-24%
Commercial Manager2,000 BHD-36%
Commercial Project Manager1,820 BHD-42%
Commodity Broker1,490 BHD-53%
COO2,640 BHD-16%
Corporate Affairs Executive1,990 BHD-37%
Corporate Compliance Director2,300 BHD-27%
Corporate Director2,220 BHD-29%
Corporate Officer1,520 BHD-52%
Corporate Partnerships Officer1,650 BHD-48%
Country Manager2,520 BHD-20%
Department Head2,130 BHD-32%
Department Manager2,170 BHD-31%
Department Supervisor1,720 BHD-45%
Deputy Director2,340 BHD-26%
Deputy Manager2,370 BHD-25%
Director2,720 BHD-13%
Director of Accreditation2,230 BHD-29%
Director of Catering Services2,040 BHD-35%
Director of Client Services2,230 BHD-29%
Director of Facilities Management1,900 BHD-40%
Director of Operations2,340 BHD-26%
Director of Process Simplification1,810 BHD-42%
Director of Product Management2,260 BHD-28%
Director of Project Management2,370 BHD-25%
Director of Revenue Management2,020 BHD-36%
Director of Training and Development2,080 BHD-34%
Distribution Manager2,270 BHD-28%
Division Manager2,070 BHD-34%
Duty Manager1,910 BHD-39%
Engagement Manager2,500 BHD-20%
Executive Director3,320 BHD+6%
Executive Manager2,790 BHD-11%
Franchise Manager3,000 BHD-5%
General Manager2,670 BHD-15%
Generational Consultant1,760 BHD-44%
Global Master Data Manager2,260 BHD-28%
Global Technical Lead1,580 BHD-50%
Head of Investment2,360 BHD-25%
Head of Middle Office2,080 BHD-34%
Head of Projects2,280 BHD-27%
Head of Strategy2,650 BHD-16%
Head of Supply Chain1,990 BHD-37%
Head of Sustainability1,860 BHD-41%
Housing Manager1,900 BHD-40%
HSE Manager1,970 BHD-37%
Innovation Manager1,950 BHD-38%
Key Account Manager1,850 BHD-41%
Knowledge Manager2,150 BHD-32%
Location Manager2,070 BHD-34%
Logistics Executive1,840 BHD-41%
Logistics Manager1,800 BHD-43%
Management Consultant1,840 BHD-41%
Management Executive2,490 BHD-21%
Manager2,170 BHD-31%
Managing Director2,840 BHD-10%
MIS Executive2,230 BHD-29%
Ocean Services Manager2,360 BHD-25%
Online Business Manager3,190 BHD+1%
Operational Manager2,320 BHD-26%
Operations Analyst2,000 BHD-36%
Operations Assistant1,710 BHD-46%
Operations Director2,500 BHD-20%
Operations Executive2,350 BHD-25%
Operations Manager2,460 BHD-22%
Operations Supervisor2,200 BHD-30%
Planning Director2,310 BHD-27%
PMO Manager2,150 BHD-32%
Policy Administration Executive2,020 BHD-36%
Private Sector Executive1,910 BHD-39%
Product Development Manager2,170 BHD-31%
Product Executive1,900 BHD-40%
Production Executive2,240 BHD-29%
Production Manager2,220 BHD-29%
Production Supervisor1,920 BHD-39%
Program Director2,320 BHD-26%
Program Manager2,380 BHD-24%
Programme Coordinator1,600 BHD-49%
Project Control Manager2,400 BHD-24%
Project Coordinator1,450 BHD-54%
Project Management Officer1,600 BHD-49%
Project Manager1,690 BHD-46%
Project Portfolio Manager1,840 BHD-41%
Quality Manager1,850 BHD-41%
R/D Director1,950 BHD-38%
Regional Director3,210 BHD+2%
Regional Manager2,310 BHD-27%
Relationship Manager2,350 BHD-25%
Retail District Manager1,550 BHD-51%
Revenue Manager1,760 BHD-44%
Risk and Capital Manager2,480 BHD-21%
Risk Officer1,690 BHD-46%
Safety Manager1,680 BHD-47%
Section Head1,690 BHD-46%
Service Manager1,860 BHD-41%
Shift Supervisor1,380 BHD-56%
Solutions Manager1,590 BHD-49%
Supervisor1,350 BHD-57%
Supply Chain Manager2,370 BHD-25%
Surveyor1,610 BHD-49%
Technical Director2,130 BHD-32%
Technical Manager2,290 BHD-27%
Territory Manager2,200 BHD-30%
Validation Manager1,960 BHD-38%
Vice President2,680 BHD-15%
Zone Manager2,350 BHD-25%

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 for the job title Chief Financial Officer in Bahrain?

A good and competitive compensation would range anywhere between 2,980 BHD and 3,430 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 a careers like Chief Financial Officer in Bahrain ranges from 1,480 BHD to 2,420 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024