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Chartered Accountant Average Salary in Saudi Arabia 2019

How much money does a Chartered Accountant make in Saudi Arabia?

14,195 SAR per month
Average Monthly Salary
A person working as a Chartered Accountant in Saudi Arabia typically earns around 14,195 SAR per month.
This is the average monthly salary including housing, transport, and other benefits. Chartered Accountant salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Chartered Accountant Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Chartered Accountant

Abount These Figures: Salary Range, Median and Percentiles

Chartered Accountant salaries in Saudi Arabia range between 6,388 SAR per month (minimum salary) to 21,293 SAR per month (maximum salary).

The median salary is 14,195 SAR per month, which means that half (50%) of people working as Chartered Accountant are earning less than 14,195 SAR while the other half are earning more than 14,195 SAR. 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 as Chartered Accountant are earning less than 9,262 SAR while 75% of them are earning more than 9,262 SAR. Also from the diagram, 75% of people working as Chartered Accountant are earning less than 17,744 SAR while 25% are earning more than 17,744 SAR.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Chartered Accountant Salary Comparison by Years of Experience

0 - 2 Years    =  
7,804 SAR
2 - 5 Years    +35%  
10,561 SAR
5 - 10 Years    +20%  
12,648 SAR
10 - 15 Years    +17%  
14,735 SAR
15 - 20 Years    +14%  
16,822 SAR
20+ Years    +19%  
20,101 SAR
Percentage increase and decrease are relative to the previous value

Experience level is the most important factor in determining your salary. Naturally the more years of experience the higher your wage. We broke down Chartered Accountant salaries by experience level. A Chartered Accountant with less than two years of experience makes approximatly 7,804 SAR per month. While someone with experience level between two and five years is expected to earn 10,561 SAR per month, 35% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 12,648 SAR per month, 20% more than a person with two to five years of experience. Additionally, Chartered Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,735 SAR per month, 17% more than a person with five to ten years of experience. If the experience level is between fifteen and twenty years, then the expected wage is 16,822 SAR per month, 14% more than a person with ten to fifteen years of experience. Lastly, employees with more than twenty years of professional experience get a salary of 20,101 SAR per month, 19% more than people with fifteen to twenty years of experience.

Salary comparison by years of experience monthly Saudi Arabia Chartered Accountant

Chartered Accountant Salary Comparison By Education

Certificate or Diploma    =  
10,636 SAR
Bachelor's Degree    +37%  
14,586 SAR
Master's Degree    +28%  
18,685 SAR
Percentage increase and decrease are relative to the previous value

We all know that higher education equals a bigger salary, but how much more money can a degree add into your income? We broke down Chartered Accountant salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of a Chartered Accountant is 10,636 SAR per month. While someone with a Bachelor's Degree gets a salary of 14,586 SAR per month, 37% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 18,685 SAR per month, 28% more than someone with Bachelor's Degree.

Salary comparison by education level monthly Saudi Arabia Chartered Accountant

Chartered Accountant Salary Comparison By Gender

Female    =  
13,343 SAR
Male    +12%  
14,976 SAR
Percentage increase and decrease are relative to the previous value
Though gender should not have an effect on pay, in reality it does. So who gets paid more: men or women? Male Chartered Accountant employees in Saudi Arabia earn 12% more than their female counterparts.

Salary comparison by gender monthly Saudi Arabia Chartered Accountant

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
12,634 SAR
Public Sector    +24%  
15,686 SAR
Percentage increase and decrease are relative to the previous value
Where can you get paid more, working for a private company or for the goverment? Public sector Chartered Accountant employees in Saudi Arabia earn 24% more than their private sector counterparts.

Public vs private sector salaries monthly Saudi Arabia Chartered Accountant

Chartered Accountant Salary Trend and Forecast in Saudi Arabia

How are Chartered Accountant salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Saudi Arabia Chartered Accountant
Average Salary 2016    =  
13,183 SAR
Average Salary 2017    +4%  
13,671 SAR
Average Salary 2018    +3%  
14,013 SAR
Average Salary 2019    +1%  
14,195 SAR
Percentage increase and decrease are relative to the previous value
Chartered Accountant salaries in Saudi Arabia are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Chartered Accountant Average Hourly Wage in Saudi Arabia

82 SAR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Saudi Arabia for Chartered Accountant is 82 SAR. This means that the average Chartered Accountant in Saudi Arabia earns approximatly 82 SAR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Chartered Accountant VS Other Jobs

Salary Comparison Between Chartered Accountant and Accounting and Finance monthly Saudi ArabiaWe compared Saudi Arabia salaries for Chartered Accountant, Accounting and Finance, and All Jobs and we found that Chartered Accountant salaries are 13% less than those of Accounting and Finance. We also found out that Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner9,378 SAR-34%
Account Executive15,831 SAR+12%
Accountant10,400 SAR-27%
Accounting Assistant9,921 SAR-30%
Accounting Associate10,916 SAR-23%
Accounting Clerk7,939 SAR-44%
Accounting Coordinator8,422 SAR-41%
Accounting Manager21,747 SAR+53%
Accounting Supervisor14,892 SAR+5%
Accounting Technician10,099 SAR-29%
Accounts Executive13,138 SAR-7%
Accounts Payable and Receivable Specialist12,785 SAR-10%
Accounts Payable Clerk8,419 SAR-41%
Accounts Payable Manager16,894 SAR+19%
Accounts Receivable Clerk8,878 SAR-37%
Accounts Receivable Manager17,595 SAR+24%
Assistant Accounting Manager13,151 SAR-7%
Assistant Auditor12,068 SAR-15%
Audit Supervisor20,055 SAR+41%
Auditing Clerk10,124 SAR-29%
Auditing Manager22,412 SAR+58%
Billing Coordinator13,321 SAR-6%
Billing Specialist12,546 SAR-12%
Billing Supervisor15,075 SAR+6%
Bookkeeper8,256 SAR-42%
Bookkeeping Specialist11,544 SAR-19%
Budget Analyst12,662 SAR-11%
Budget Manager18,335 SAR+29%
Business Support Analyst14,726 SAR+4%
Capital Markets Associate16,382 SAR+15%
Cash Flow Analyst15,297 SAR+8%
Cash Management Officer15,564 SAR+10%
Cashbook Clerk10,207 SAR-28%
Chartered Accountant14,195 SAR=
Collections Clerk8,338 SAR-41%
Collections Specialist10,430 SAR-27%
Corporate Treasurer27,549 SAR+94%
Cost Accountant12,804 SAR-10%
Cost Accounting Manager16,573 SAR+17%
Cost Analyst15,456 SAR+9%
Credit and Collection Manager17,756 SAR+25%
Credit and Collection Staff9,079 SAR-36%
Credit and Loans Officer8,613 SAR-39%
Credit Controller14,863 SAR+5%
Debt Adviser19,421 SAR+37%
Debt Collector13,550 SAR-5%
Debtors Clerk11,758 SAR-17%
Deputy CFO26,139 SAR+84%
Derivative Trader22,040 SAR+55%
Escrow Assistant13,293 SAR-6%
External Auditor16,358 SAR+15%
Finance Associate12,585 SAR-11%
Finance Executive26,252 SAR+85%
Finance Licensing Clerk9,670 SAR-32%
Finance Licensing Manager15,329 SAR+8%
Finance Licensing Specialist11,958 SAR-16%
Finance Officer17,244 SAR+21%
Finance President31,610 SAR+123%
Finance Relationship Manager22,346 SAR+57%
Finance Release Analyst14,547 SAR+2%
Finance Team Leader 16,268 SAR+15%
Financial Actuary15,308 SAR+8%
Financial Administrator13,679 SAR-4%
Financial Analyst17,059 SAR+20%
Financial Applications Specialist10,411 SAR-27%
Financial Assistant9,358 SAR-34%
Financial Associate12,056 SAR-15%
Financial Claims Analyst15,295 SAR+8%
Financial Claims Manager17,181 SAR+21%
Financial Commercial Analyst13,289 SAR-6%
Financial Compliance Analyst15,471 SAR+9%
Financial Consultant15,429 SAR+9%
Financial Controller14,191 SAR-0%
Financial Coordinator13,408 SAR-6%
Financial Customer Service Manager19,734 SAR+39%
Financial Dealer and Broker14,720 SAR+4%
Financial Encoder8,756 SAR-38%
Financial Manager31,419 SAR+121%
Financial Operations Manager23,543 SAR+66%
Financial Policy Analyst15,859 SAR+12%
Financial Project Manager14,818 SAR+4%
Financial Quantitative Analyst17,621 SAR+24%
Financial Reporting Consultant16,264 SAR+15%
Financial Reporting Manager19,272 SAR+36%
Financial Services Sales Agent14,325 SAR+1%
Fixed Assets Administrator13,217 SAR-7%
Forensic Accountant12,595 SAR-11%
Fraud Detection Supervisor15,239 SAR+7%
Fraud Prevention Manager23,068 SAR+63%
Fund Accountant11,735 SAR-17%
Grants Coordinator10,309 SAR-27%
Internal Auditor16,412 SAR+16%
Internal Control Adviser17,093 SAR+20%
Internal Control Officer14,289 SAR+1%
Inventory Accountant23,951 SAR+69%
Investment Analyst20,274 SAR+43%
Investment Fund Manager20,544 SAR+45%
Investment Underwriter9,130 SAR-36%
Investor15,056 SAR+6%
Investor Relations Manager19,895 SAR+40%
KYC Team Leader18,127 SAR+28%
Management Economist17,708 SAR+25%
Paymaster11,556 SAR-19%
Payroll Clerk9,689 SAR-32%
Payroll Manager16,347 SAR+15%
Pensions Administrator12,336 SAR-13%
Pricing Analyst17,777 SAR+25%
Private Equity Analyst17,735 SAR+25%
Proposal Development Coordinator12,136 SAR-15%
Receivables Accountant10,250 SAR-28%
Regulatory Accountant12,743 SAR-10%
Retirement Plan Analyst16,680 SAR+18%
Revenue Management Specialist13,882 SAR-2%
Revenue Recognition Analyst20,355 SAR+43%
Risk Management Director24,423 SAR+72%
Risk Management Supervisor18,585 SAR+31%
Tax Accountant11,307 SAR-20%
Tax Advisor16,047 SAR+13%
Tax Associate11,990 SAR-16%
Tax Manager22,056 SAR+55%
Teller7,492 SAR-47%
Treasury Accountant12,096 SAR-15%
Treasury Analyst16,796 SAR+18%
Underwriter9,165 SAR-35%
Underwriting Assistant8,306 SAR-41%
Vice President of Finance23,475 SAR+65%

Salary Comparison By City

CityAverage Salary
Abha14,019 SAR
Dammam14,647 SAR
Jeddah14,441 SAR
Khubar13,591 SAR
Mecca14,523 SAR
Medina14,592 SAR
Riyadh14,346 SAR
Tabuk13,137 SAR
Taif12,784 SAR
18753 - 9
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