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Accounting and Finance Average Salaries in Qatar 2020

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


Average Monthly Salary
15,300 QAR
( 184,000 QAR yearly)

LOW
7,000
QAR
AVERAGE
15,300
QAR
HIGH
32,500
QAR

A person working in Accounting and Finance in Qatar typically earns around 15,300 QAR per month. Salaries range from 7,000 QAR (lowest average) to 32,500 QAR (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 Examiner9,120 QAR
Account Executive15,000 QAR
Accountant10,200 QAR
Accounting Assistant9,600 QAR
Accounting Associate10,500 QAR
Accounting Clerk7,560 QAR
Accounting Coordinator8,190 QAR
Accounting Manager20,400 QAR
Accounting Supervisor13,900 QAR
Accounting Technician9,710 QAR
Accounts Executive13,000 QAR
Accounts Payable and Receivable Specialist11,600 QAR
Accounts Payable Clerk7,790 QAR
Accounts Payable Manager15,400 QAR
Accounts Receivable Clerk7,950 QAR
Accounts Receivable Manager17,200 QAR
Assistant Accounting Manager13,400 QAR
Assistant Auditor10,700 QAR
Audit Supervisor20,100 QAR
Auditing Clerk10,100 QAR
Auditing Manager21,100 QAR
Billing Coordinator12,700 QAR
Billing Specialist11,300 QAR
Billing Supervisor15,000 QAR
Bookkeeper8,100 QAR
Bookkeeping Specialist11,100 QAR
Budget Analyst12,200 QAR
Budget Manager17,500 QAR
Business Support Analyst13,100 QAR
Capital Markets Associate15,100 QAR
Cash Flow Analyst15,900 QAR
Cash Management Officer14,200 QAR
Cashbook Clerk9,340 QAR
Chartered Accountant12,700 QAR
Collections Clerk8,100 QAR
Collections Specialist9,580 QAR
Corporate Treasurer25,300 QAR
Cost Accountant12,200 QAR
Cost Accounting Manager16,600 QAR
Cost Analyst15,300 QAR
Credit and Collection Manager16,900 QAR
Credit and Collection Staff8,130 QAR
Credit and Loans Officer8,370 QAR
Credit Controller14,900 QAR
Debt Adviser18,700 QAR
Debt Collector12,800 QAR
Debtors Clerk11,400 QAR
Deputy CFO26,700 QAR
Derivative Trader20,600 QAR
Escrow Assistant12,500 QAR
External Auditor15,200 QAR
Finance Associate11,300 QAR
Finance Executive24,400 QAR
Finance Licensing Clerk9,870 QAR
Finance Licensing Manager15,400 QAR
Finance Licensing Specialist11,900 QAR
Finance Officer17,400 QAR
Finance President30,300 QAR
Finance Relationship Manager21,000 QAR
Finance Release Analyst14,300 QAR
Finance Team Leader 15,800 QAR
Financial Actuary15,200 QAR
Financial Administrator13,500 QAR
Financial Analyst16,300 QAR
Financial Applications Specialist10,600 QAR
Financial Assistant9,380 QAR
Financial Associate11,400 QAR
Financial Claims Analyst13,500 QAR
Financial Claims Manager16,500 QAR
Financial Commercial Analyst13,000 QAR
Financial Compliance Analyst15,500 QAR
Financial Consultant13,800 QAR
Financial Controller14,000 QAR
Financial Coordinator13,200 QAR
Financial Customer Service Manager18,600 QAR
Financial Dealer and Broker12,900 QAR
Financial Encoder8,170 QAR
Financial Manager29,800 QAR
Financial Manager29,200 QAR
Financial Operations Manager22,000 QAR
Financial Policy Analyst14,600 QAR
Financial Project Manager14,800 QAR
Financial Quantitative Analyst16,500 QAR
Financial Reporting Consultant14,500 QAR
Financial Reporting Manager17,700 QAR
Financial Services Sales Agent13,000 QAR
Fixed Assets Administrator12,300 QAR
Forensic Accountant11,800 QAR
Fraud Detection Supervisor14,200 QAR
Fraud Prevention Manager21,100 QAR
Fund Accountant10,600 QAR
Grants Coordinator9,920 QAR
Internal Auditor15,000 QAR
Internal Control Adviser15,900 QAR
Internal Control Officer13,100 QAR
Inventory Accountant24,100 QAR
Investment Analyst19,600 QAR
Investment Fund Manager20,100 QAR
Investment Underwriter8,790 QAR
Investor13,800 QAR
Investor Relations Manager18,000 QAR
KYC Team Leader17,500 QAR
Management Economist16,000 QAR
Paymaster11,300 QAR
Payroll Clerk9,320 QAR
Payroll Manager15,500 QAR
Pensions Administrator11,200 QAR
Pricing Analyst16,800 QAR
Private Equity Analyst17,000 QAR
Proposal Development Coordinator11,000 QAR
Receivables Accountant10,500 QAR
Regulatory Accountant12,200 QAR
Retirement Plan Analyst15,500 QAR
Revenue Management Specialist12,700 QAR
Revenue Recognition Analyst18,500 QAR
Risk Management Director23,700 QAR
Risk Management Supervisor17,800 QAR
Tax Accountant11,300 QAR
Tax Advisor14,400 QAR
Tax Associate11,800 QAR
Tax Manager20,800 QAR
Teller6,860 QAR
Treasury Accountant11,500 QAR
Treasury Analyst16,400 QAR
Underwriter9,170 QAR
Underwriting Assistant8,200 QAR
Vice President of Finance21,800 QAR

Accounting and Finance Jobs Salary Distribution in Qatar

Median and salary distribution monthly Qatar Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Qatar range from 7,000 QAR per month (minimum average salary) to 32,500 QAR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 14,400 QAR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 14,400 QAR while the other half are earning more than 14,400 QAR. 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 9,620 QAR while 75% of them are earning more than 9,620 QAR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 22,000 QAR while 25% are earning more than 22,000 QAR.


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
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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 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
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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 Qatar costs anywhere from 79,000 Qatari Rial(s) to 237,000 Qatari Rial(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 Qatar Accounting and Finance
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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? Male employees earn 14% more than their female counterparts.

Female
14,100 QAR
Male+14%
16,000 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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Accounting and Finance Average Annual Salary Increment Percentage in Qatar

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

Accounting and Finance

Accounting and Finance professionals in Qatar are likely to observe a salary increase of approximately 11% every 14 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Qatar 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.

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 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 Qatar is 7%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Qatar 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

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Accounting and Finance Bonus and Incentive Rates in Qatar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Qatar Accounting and Finance
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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.

25% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
75%
No Bonus
25%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Qatar
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Where can you get paid more, working for a private company or for the government? Public sector employees in Qatar earn 5% more than their private sector counterparts.

Private Sector
15,400 QAR
Public Sector+5%
16,200 QAR
Percentage increase and decrease are relative to the previous value

Accounting and Finance Salary Forecast and Trend in Qatar

How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Qatar Accounting and Finance
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Average Salary 2016
13,800 QAR
Average Salary 2017+4%
14,300 QAR
Average Salary 2018+2%
14,600 QAR
Average Salary 2019+2%
14,900 QAR
Percentage increase and decrease are relative to the previous value

Accounting and Finance salaries in Qatar are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Accounting and Finance Hourly Average Wage in Qatar


88 QAR per hour

The average hourly wage (pay per hour) in Qatar is 88 QAR. This means that the average person in Qatar earns approximately 88 QAR 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 Qatar
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The average salary for Accounting and Finance is 3% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Doha16,000 QAR
11913 - 148

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