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Credit Analyst Average Salary in Qatar 2024

How much money does a person working as Credit Analyst make in Qatar?


Average Monthly Salary
13,000 QAR
( 156,000 QAR yearly)

LOW
6,650
QAR
AVERAGE
13,000
QAR
HIGH
20,100
QAR
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 Credit Analyst in Qatar typically earns around 13,000 QAR. Salaries range from 6,650 QAR (lowest) to 20,100 QAR (highest).


Salary Variance

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



Credit Analyst Pay Scale and Salaries in Qatar

Median and salary distribution Qatar Credit Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
11,900 QAR or more
10% of people earn
10,600 to 11,900 QAR
20% of people earn
7,650 QAR or less
65% of people earn
7,650 to 10,600 QAR
Minimum Salary
6,650 QAR
Median
12,000 QAR
Maximum
20,100 QAR




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 Credit Analyst in Qatar range from 6,650 QAR (starting salary) to 20,100 QAR (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 12,000 QAR, half of the professionals who work as Credit Analyst in Qatar 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 Credit Analyst in Qatar earn less than 9,870 QAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 13,600 QAR 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 Credit Analyst in Qatar compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 7,650 QAR to 10,600 QAR. About 20% of salaries are below the 7,650 QAR mark, while 10% fall within the range of 10,600 QAR to 11,900 QAR. Only 5% of individuals have salaries exceeding 11,900 QAR.

Salary Comparison by Years of Experience / Credit Analyst / Qatar

How do experience and age affect pay?

0 - 2 Years
7,460 QAR
2 - 5 Years+31%
9,740 QAR
5 - 10 Years+40%
13,600 QAR
10 - 15 Years+20%
16,400 QAR
15 - 20 Years+9%
17,800 QAR
20+ Years+8%
19,200 QAR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Qatar Credit Analyst
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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. We broke down salaries by experience level for people working as Credit Analyst 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 7,460 QAR.

While someone with an experience level between two and five years is expected to earn 9,740 QAR, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 13,600 QAR, 40% 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 16,400 QAR, 20% 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 17,800 QAR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 19,200 QAR, 8% 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
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Salary Comparison By Education / Credit Analyst / Qatar

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Credit Analyst.

Bachelor's Degree
9,200 QAR
Master's Degree+77%
16,300 QAR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Qatar Credit Analyst
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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 salaries by education level for the position Credit Analyst in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 9,200 QAR.


Level 2: Master's Degree

At this level, the average salary becomes 16,300 QAR, 77% 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 Qatar costs anywhere from 78,700 QAR to 236,000 QAR 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
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Salary and Compensation Comparison By Gender / Credit Analyst / Qatar

Salary comparison by gender Qatar Credit Analyst 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? For the people who work as Credit Analyst in Qatar, the average difference between the salary of male and female employees is 11%.

Male
13,800 QAR
Female-10%
12,400 QAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Qatar for all Careers

Salary comparison by gender monthly Qatar
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Average Annual Salary Increment Percentage / Credit Analyst / Qatar

How much are annual salary increments in Qatar for individuals working as Credit Analyst? How often do employees get salary raises?

Individuals working as Credit Analyst in Qatar are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Qatar Credit Analyst
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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.

Qatar / All Professions

Annual Salary Increment Rate Qatar
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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 Qatar is 7%.

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 / Credit Analyst / Qatar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Qatar Credit Analyst
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46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
54%
No Bonus
46%

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 / Credit Analyst / Qatar


75 QAR per hour

The average hourly wage (pay per hour) for individuals working as Credit Analyst in Qatar is 75 QAR.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 Credit Analyst in Qatar is 38 QAR. 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
Banking-100%
AML Analyst22,600 QAR+73%
Assistant Bank Branch Manager20,000 QAR+53%
Assistant Bank Manager27,500 QAR+110%
ATM Manager22,700 QAR+74%
ATM Service Technician6,100 QAR-53%
Bank Accounts Analyst8,670 QAR-34%
Bank Accounts Collector5,180 QAR-60%
Bank Accounts Controller11,500 QAR-12%
Bank Accounts Executive16,700 QAR+28%
Bank Accounts Manager18,900 QAR+45%
Bank Auditing Manager19,200 QAR+47%
Bank Branch Manager27,900 QAR+110%
Bank Branch Operations Coordinator11,900 QAR-9%
Bank Clerk4,990 QAR-62%
Bank Client Service Associate7,050 QAR-46%
Bank Collector5,560 QAR-57%
Bank Compliance Specialist14,800 QAR+14%
Bank Manager31,600 QAR+140%
Bank Operational Risk Manager31,200 QAR+140%
Bank Operations Head33,900 QAR+160%
Bank Operations Officer12,500 QAR-4%
Bank Operations Specialist19,300 QAR+48%
Bank Process Manager18,500 QAR+42%
Bank Product Manager 21,100 QAR+62%
Bank Programme Manager21,800 QAR+67%
Bank Project Manager24,400 QAR+87%
Bank Propositions Manager23,800 QAR+83%
Bank Quantitative Analyst15,400 QAR+18%
Bank Regional Manager32,300 QAR+150%
Bank Regional Risk Officer16,900 QAR+30%
Bank Relationship Manager23,100 QAR+77%
Bank Relationship Officer11,400 QAR-13%
Bank Sustainability Analyst18,500 QAR+42%
Bank Teller5,700 QAR-56%
Banker11,300 QAR-13%
Banking Business Analyst16,900 QAR+30%
Banking Business Development Officer10,700 QAR-18%
Banking Business Planning Executive24,100 QAR+85%
Banking Data Analyst18,600 QAR+43%
Banking Product Manager20,400 QAR+56%
Banking Reference Data Manager18,500 QAR+42%
Banking Regulatory Compliance Officer20,500 QAR+57%
Banking Risk Analyst16,200 QAR+24%
Banking Technical Analyst9,240 QAR-29%
Bankruptcy Coordinator12,400 QAR-5%
Bill and Account Collector6,090 QAR-53%
Blockchain Analyst13,700 QAR+5%
Blockchain Architect17,100 QAR+31%
Blockchain Auditor14,800 QAR+14%
Blockchain Compliance Analyst14,900 QAR+14%
Blockchain Consultant15,300 QAR+17%
Blockchain Trade Facilitator14,300 QAR+10%
Budget Analyst16,100 QAR+23%
Capital Risk Manager30,000 QAR+130%
Cards Marketing Manager20,500 QAR+57%
Cash Management Manager29,300 QAR+120%
Check Processing Manager21,100 QAR+62%
Chief Blockchain Officer17,800 QAR+37%
Commercial Vault Associate17,000 QAR+30%
Corporate Banker12,100 QAR-7%
Corporate Dealer17,900 QAR+37%
Credit Analyst13,000 QAR-0%
Credit and Collections Manager22,100 QAR+69%
Credit Card Fraud Investigator16,500 QAR+27%
Credit Portfolio Manager31,600 QAR+140%
Credit Risk Analyst18,600 QAR+43%
Credit Risk Associate17,900 QAR+37%
Cryptocurrency Accountant10,300 QAR-21%
Cryptocurrency Adviser21,500 QAR+65%
Cryptocurrency Analyst15,800 QAR+21%
Cryptocurrency Compliance Manager19,100 QAR+46%
Cryptocurrency Trader16,700 QAR+28%
Digital Banking Manager21,600 QAR+66%
Digital Currency Analyst17,100 QAR+31%
Direct Bank Sales Representative12,200 QAR-6%
Exchange Control Consultant18,000 QAR+38%
Executive Account Analyst15,700 QAR+20%
Financial Bank Planning Consultant21,500 QAR+65%
Financial Banking Analysis Manager24,200 QAR+86%
Financial Banking Assistant7,660 QAR-41%
Financial Banking Systems Manager23,600 QAR+81%
Foreign Exchange Manager24,700 QAR+89%
Fraud Analyst17,600 QAR+35%
Fraud Detection Associate11,900 QAR-9%
Fraud Detection Manager26,500 QAR+100%
Fraud Detection Supervisor14,100 QAR+8%
Internal Bank Audit Manager30,900 QAR+140%
Internal Bank Auditor16,000 QAR+23%
Internal Private Banker11,600 QAR-11%
International Banking Manager33,100 QAR+150%
Investment Banking Analyst24,900 QAR+91%
Loan Analyst15,800 QAR+21%
Loan Area Manager19,900 QAR+53%
Loan Audit Team Leader18,600 QAR+43%
Loan Branch Manager18,000 QAR+38%
Loan Business Development Officer10,500 QAR-19%
Loan Clerk5,970 QAR-54%
Loan Collection and Recovery Manager19,200 QAR+47%
Loan Collection Manager19,700 QAR+51%
Loan Collector5,670 QAR-57%
Loan Examiner7,380 QAR-43%
Loan Officer6,510 QAR-50%
Loan Processing Manager17,800 QAR+37%
Loan Processor7,250 QAR-44%
Loan Quality Assurance Auditor17,600 QAR+35%
Loan Quality Assurance Manager19,100 QAR+46%
Loan Quality Assurance Representative12,400 QAR-5%
Loan Review Manager18,300 QAR+40%
Loan Team Leader17,600 QAR+35%
Loans Manager21,800 QAR+67%
Mortgage Advisor11,900 QAR-9%
Mortgage Collection Manager19,500 QAR+50%
Mortgage Collector5,320 QAR-59%
Mortgage Credit Analyst8,430 QAR-35%
Mortgage Credit Manager19,100 QAR+46%
Mortgage Development Manager21,400 QAR+64%
Mortgage Document Reviewer7,120 QAR-45%
Mortgage Funding Manager20,600 QAR+58%
Mortgage Operations Manager29,900 QAR+130%
Mortgage Payment Processing Clerk6,430 QAR-51%
Mortgage Processing Manager19,700 QAR+51%
Mortgage Processor7,550 QAR-42%
Mortgage Quality Assurance Auditor16,300 QAR+25%
Mortgage Quality Assurance Manager18,200 QAR+40%
Mortgage Servicing Clerk5,690 QAR-56%
Mortgage Servicing Manager17,600 QAR+35%
Mortgage Underwriter7,320 QAR-44%
Online Banking Manager30,300 QAR+130%
Open Banking Strategist18,000 QAR+38%
Payment Processing Clerk6,040 QAR-54%
Personal Banker11,800 QAR-10%
Personal Banking Advisor 12,700 QAR-3%
Phone Banker8,150 QAR-37%
Private Banker12,000 QAR-8%
Reconciliation and Investigation Specialist14,200 QAR+9%
Tax Officer9,790 QAR-25%
Teller5,830 QAR-55%
Trade Officer6,890 QAR-47%
Trade Product Manager19,300 QAR+48%
Trader7,880 QAR-40%
Treasury Operations Officer15,200 QAR+17%
Wealth Management Advisor25,200 QAR+93%

Salary Comparison By City

CityAverage Salary
Doha14,200 QAR

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 Qatar is 5% on average across all career fields.

Private Sector
15,300 QAR
Public Sector+5%
16,100 QAR
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 Credit Analyst in Qatar?

A good and competitive compensation would range anywhere between 12,000 QAR and 13,600 QAR. 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 Credit Analyst in Qatar ranges from 6,650 QAR to 9,870 QAR. 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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