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.
|Job Title||Average Salary|
|Account Examiner||9,120 QAR|
|Account Executive||15,000 QAR|
|Accounting Assistant||9,600 QAR|
|Accounting Associate||10,500 QAR|
|Accounting Clerk||7,560 QAR|
|Accounting Coordinator||8,190 QAR|
|Accounting Manager||20,400 QAR|
|Accounting Supervisor||13,900 QAR|
|Accounting Technician||9,710 QAR|
|Accounts Executive||13,000 QAR|
|Accounts Payable and Receivable Specialist||11,600 QAR|
|Accounts Payable Clerk||7,790 QAR|
|Accounts Payable Manager||15,400 QAR|
|Accounts Receivable Clerk||7,950 QAR|
|Accounts Receivable Manager||17,200 QAR|
|Assistant Accounting Manager||13,400 QAR|
|Assistant Auditor||10,700 QAR|
|Audit Supervisor||20,100 QAR|
|Auditing Clerk||10,100 QAR|
|Auditing Manager||21,100 QAR|
|Billing Coordinator||12,700 QAR|
|Billing Specialist||11,300 QAR|
|Billing Supervisor||15,000 QAR|
|Bookkeeping Specialist||11,100 QAR|
|Budget Analyst||12,200 QAR|
|Budget Manager||17,500 QAR|
|Business Support Analyst||13,100 QAR|
|Capital Markets Associate||15,100 QAR|
|Cash Flow Analyst||15,900 QAR|
|Cash Management Officer||14,200 QAR|
|Cashbook Clerk||9,340 QAR|
|Chartered Accountant||12,700 QAR|
|Collections Clerk||8,100 QAR|
|Collections Specialist||9,580 QAR|
|Corporate Treasurer||25,300 QAR|
|Cost Accountant||12,200 QAR|
|Cost Accounting Manager||16,600 QAR|
|Cost Analyst||15,300 QAR|
|Credit and Collection Manager||16,900 QAR|
|Credit and Collection Staff||8,130 QAR|
|Credit and Loans Officer||8,370 QAR|
|Credit Controller||14,900 QAR|
|Debt Adviser||18,700 QAR|
|Debt Collector||12,800 QAR|
|Debtors Clerk||11,400 QAR|
|Deputy CFO||26,700 QAR|
|Derivative Trader||20,600 QAR|
|Escrow Assistant||12,500 QAR|
|External Auditor||15,200 QAR|
|Finance Associate||11,300 QAR|
|Finance Executive||24,400 QAR|
|Finance Licensing Clerk||9,870 QAR|
|Finance Licensing Manager||15,400 QAR|
|Finance Licensing Specialist||11,900 QAR|
|Finance Officer||17,400 QAR|
|Finance President||30,300 QAR|
|Finance Relationship Manager||21,000 QAR|
|Finance Release Analyst||14,300 QAR|
|Finance Team Leader||15,800 QAR|
|Financial Actuary||15,200 QAR|
|Financial Administrator||13,500 QAR|
|Financial Analyst||16,300 QAR|
|Financial Applications Specialist||10,600 QAR|
|Financial Assistant||9,380 QAR|
|Financial Associate||11,400 QAR|
|Financial Claims Analyst||13,500 QAR|
|Financial Claims Manager||16,500 QAR|
|Financial Commercial Analyst||13,000 QAR|
|Financial Compliance Analyst||15,500 QAR|
|Financial Consultant||13,800 QAR|
|Financial Controller||14,000 QAR|
|Financial Coordinator||13,200 QAR|
|Financial Customer Service Manager||18,600 QAR|
|Financial Dealer and Broker||12,900 QAR|
|Financial Encoder||8,170 QAR|
|Financial Manager||29,800 QAR|
|Financial Manager||29,200 QAR|
|Financial Operations Manager||22,000 QAR|
|Financial Policy Analyst||14,600 QAR|
|Financial Project Manager||14,800 QAR|
|Financial Quantitative Analyst||16,500 QAR|
|Financial Reporting Consultant||14,500 QAR|
|Financial Reporting Manager||17,700 QAR|
|Financial Services Sales Agent||13,000 QAR|
|Fixed Assets Administrator||12,300 QAR|
|Forensic Accountant||11,800 QAR|
|Fraud Detection Supervisor||14,200 QAR|
|Fraud Prevention Manager||21,100 QAR|
|Fund Accountant||10,600 QAR|
|Grants Coordinator||9,920 QAR|
|Internal Auditor||15,000 QAR|
|Internal Control Adviser||15,900 QAR|
|Internal Control Officer||13,100 QAR|
|Inventory Accountant||24,100 QAR|
|Investment Analyst||19,600 QAR|
|Investment Fund Manager||20,100 QAR|
|Investment Underwriter||8,790 QAR|
|Investor Relations Manager||18,000 QAR|
|KYC Team Leader||17,500 QAR|
|Management Economist||16,000 QAR|
|Payroll Clerk||9,320 QAR|
|Payroll Manager||15,500 QAR|
|Pensions Administrator||11,200 QAR|
|Pricing Analyst||16,800 QAR|
|Private Equity Analyst||17,000 QAR|
|Proposal Development Coordinator||11,000 QAR|
|Receivables Accountant||10,500 QAR|
|Regulatory Accountant||12,200 QAR|
|Retirement Plan Analyst||15,500 QAR|
|Revenue Management Specialist||12,700 QAR|
|Revenue Recognition Analyst||18,500 QAR|
|Risk Management Director||23,700 QAR|
|Risk Management Supervisor||17,800 QAR|
|Tax Accountant||11,300 QAR|
|Tax Advisor||14,400 QAR|
|Tax Associate||11,800 QAR|
|Tax Manager||20,800 QAR|
|Treasury Accountant||11,500 QAR|
|Treasury Analyst||16,400 QAR|
|Underwriting Assistant||8,200 QAR|
|Vice President of Finance||21,800 QAR|
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+2%|
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.
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.
The average salary for Accounting and Finance is 3% less than that of All Jobs.