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Bank Branch Manager Average Salary in Saudi Arabia 2021

How much money does a Bank Branch Manager make in Saudi Arabia?


Average Monthly Salary
28,000 SAR
( 336,000 SAR yearly)

LOW
13,400
SAR
AVERAGE
28,000
SAR
HIGH
43,900
SAR

A person working as a Bank Branch Manager in Saudi Arabia typically earns around 28,000 SAR per month. Salaries range from 13,400 SAR (lowest) to 43,900 SAR (highest).

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

Bank Branch Manager Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Bank Branch Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Bank Branch Manager salaries in Saudi Arabia range from 13,400 SAR per month (minimum salary) to 43,900 SAR per month (maximum salary).

  • Median Salary

    The median salary is 29,100 SAR per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 29,100 SAR while the other half are earning more than 29,100 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bank Branch Manager(s) are earning less than 19,100 SAR while 75% of them are earning more than 19,100 SAR. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 38,000 SAR while 25% are earning more than 38,000 SAR.


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

Bank Branch Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Saudi Arabia Bank Branch Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bank Branch Manager salaries by experience level and this is what we found.

A Bank Branch Manager with less than two years of experience makes approximately 15,700 SAR per month.

While someone with an experience level between two and five years is expected to earn 22,300 SAR per month, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 29,300 SAR per month, 31% more than someone with two to five 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.

Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 36,000 SAR per month, 23% 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 38,300 SAR per month, 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 42,000 SAR per month, 10% more than people with fifteen to twenty years of experience.


Bank Branch Manager average salary change by experience in Saudi Arabia

0 - 2 Years
15,700 SAR
2 - 5 Years+42%
22,300 SAR
5 - 10 Years+31%
29,300 SAR
10 - 15 Years+23%
36,000 SAR
15 - 20 Years+6%
38,300 SAR
20+ Years+10%
42,000 SAR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Bank Branch Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Bank Branch Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Saudi Arabia Bank Branch Manager
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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 Bank Branch Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 24,700 SAR per month.

While someone with a Master's Degree gets a salary of 35,400 SAR per month, 43% more than someone having a Bachelor's Degree degree.


Bank Branch Manager average salary difference by education level in Saudi Arabia

Bachelor's Degree
24,700 SAR
Master's Degree+43%
35,400 SAR
Percentage increase and decrease are relative to the previous value

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 Saudi Arabia costs anywhere from 83,500 Saudi Riyal(s) to 251,000 Saudi Riyal(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 the thoery. 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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Bank Branch Manager Salary Comparison By Gender

Salary comparison by gender monthly Saudi Arabia Bank Branch Manager
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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 Bank Branch Manager employees in Saudi Arabia earn 9% more than their female counterparts on average.

Male
29,600 SAR
Female-8%
27,200 SAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Saudi Arabia for all Careers

Salary comparison by gender monthly Saudi Arabia
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Bank Branch Manager Average Annual Salary Increment Percentage in Saudi Arabia

How much are annual salary increments in Saudi Arabia for Bank Branch Manager(s)? How often do employees get salary raises?

Bank Branch Manager

Bank Branch Manager(s) in Saudi Arabia are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Saudi Arabia Bank Branch Manager
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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.

Saudi Arabia / All Professions

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 Saudi Arabia is 6%.

Annual Increment Rate By Industry 2020

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Saudi Arabia for the year 2020. 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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Bank Branch Manager Bonus and Incentive Rates in Saudi Arabia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saudi Arabia Bank Branch Manager
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A Bank Branch Manager is considered to be a high bonus-based job 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.

17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% 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
83%
No Bonus
17%

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.

Bank Branch Manager Average Hourly Wage in Saudi Arabia


160 SAR per hour

The average hourly wage (pay per hour) in Saudi Arabia is 160 SAR. This means that the average Bank Branch Manager in Saudi Arabia earns approximately 160 SAR 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.

Bank Branch Manager VS Other Jobs

Salary Comparison Between Bank Branch Manager and Banking monthly Saudi Arabia
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The average salary for Bank Branch Manager is 54% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst25,400 SAR-9%
Assistant Bank Branch Manager20,300 SAR-27%
Assistant Bank Manager28,300 SAR+1%
ATM Manager23,700 SAR-15%
ATM Service Technician6,470 SAR-77%
Bank Accounts Analyst9,290 SAR-67%
Bank Accounts Controller12,500 SAR-55%
Bank Accounts Executive18,400 SAR-34%
Bank Accounts Manager21,200 SAR-24%
Bank Auditing Manager20,700 SAR-26%
Bank Branch Manager28,000 SAR+0%
Bank Clerk5,570 SAR-80%
Bank Compliance Specialist15,100 SAR-46%
Bank Manager34,400 SAR+23%
Bank Operational Risk Manager33,200 SAR+19%
Bank Operations Head35,700 SAR+28%
Bank Operations Officer14,000 SAR-50%
Bank Operations Specialist21,300 SAR-24%
Bank Process Manager18,000 SAR-36%
Bank Product Manager 22,600 SAR-19%
Bank Programme Manager22,200 SAR-21%
Bank Project Manager27,700 SAR-1%
Bank Propositions Manager24,300 SAR-13%
Bank Quantitative Analyst17,600 SAR-37%
Bank Regional Manager36,000 SAR+29%
Bank Regional Risk Officer17,600 SAR-37%
Bank Relationship Manager26,200 SAR-6%
Bank Relationship Officer11,400 SAR-59%
Banker11,500 SAR-59%
Banking Business Analyst17,800 SAR-36%
Banking Business Development Officer11,400 SAR-59%
Banking Business Planning Executive24,100 SAR-14%
Banking Product Manager21,700 SAR-22%
Banking Reference Data Manager19,300 SAR-31%
Banking Risk Analyst18,000 SAR-36%
Banking Technical Analyst9,050 SAR-68%
Bankruptcy Coordinator12,600 SAR-55%
Budget Analyst16,600 SAR-41%
Cards Marketing Manager21,900 SAR-22%
Cash Management Manager31,700 SAR+13%
Check Processing Manager23,200 SAR-17%
Commercial Vault Associate16,400 SAR-41%
Corporate Dealer18,700 SAR-33%
Credit Analyst13,600 SAR-51%
Credit and Collections Manager23,300 SAR-17%
Credit Card Fraud Investigator17,700 SAR-37%
Credit Portfolio Manager31,900 SAR+14%
Credit Risk Analyst19,900 SAR-29%
Credit Risk Associate19,600 SAR-30%
Direct Bank Sales Representative12,000 SAR-57%
Financial Bank Planning Consultant22,400 SAR-20%
Financial Banking Analysis Manager24,500 SAR-12%
Financial Banking Assistant8,710 SAR-69%
Financial Banking Systems Manager24,700 SAR-12%
Foreign Exchange Manager26,200 SAR-6%
Fraud Analyst18,000 SAR-36%
Fraud Detection Associate12,800 SAR-54%
Fraud Detection Manager27,300 SAR-2%
Fraud Detection Supervisor15,400 SAR-45%
Internal Bank Audit Manager31,500 SAR+13%
Internal Bank Auditor16,600 SAR-41%
International Banking Manager34,700 SAR+24%
Loan Analyst17,800 SAR-36%
Loan Area Manager22,000 SAR-21%
Loan Audit Team Leader20,600 SAR-26%
Loan Branch Manager20,200 SAR-28%
Loan Business Development Officer10,800 SAR-61%
Loan Clerk6,270 SAR-78%
Loan Collection Manager21,000 SAR-25%
Loan Collector5,630 SAR-80%
Loan Examiner7,440 SAR-73%
Loan Processing Manager18,200 SAR-35%
Loan Processor7,530 SAR-73%
Loan Quality Assurance Auditor18,500 SAR-34%
Loan Quality Assurance Manager20,400 SAR-27%
Loan Quality Assurance Representative13,500 SAR-52%
Loan Review Manager20,200 SAR-28%
Loan Team Leader17,900 SAR-36%
Mortgage Advisor12,200 SAR-56%
Mortgage Collection Manager20,400 SAR-27%
Mortgage Collector5,640 SAR-80%
Mortgage Credit Analyst9,080 SAR-68%
Mortgage Credit Manager18,900 SAR-32%
Mortgage Development Manager21,500 SAR-23%
Mortgage Document Reviewer8,010 SAR-71%
Mortgage Funding Manager23,600 SAR-16%
Mortgage Operations Manager30,100 SAR+8%
Mortgage Payment Processing Clerk6,580 SAR-76%
Mortgage Processing Manager20,700 SAR-26%
Mortgage Processor8,040 SAR-71%
Mortgage Quality Assurance Auditor16,900 SAR-40%
Mortgage Quality Assurance Manager19,200 SAR-31%
Mortgage Servicing Clerk6,160 SAR-78%
Mortgage Servicing Manager19,400 SAR-31%
Mortgage Underwriter7,090 SAR-75%
Online Banking Manager29,300 SAR+5%
Payment Processing Clerk5,910 SAR-79%
Personal Banker12,200 SAR-56%
Personal Banking Advisor 12,500 SAR-55%
Phone Banker8,300 SAR-70%
Private Banker13,200 SAR-53%
Reconciliation and Investigation Specialist13,700 SAR-51%
Teller6,060 SAR-78%
Trade Officer7,060 SAR-75%
Trade Product Manager20,000 SAR-29%
Trader8,310 SAR-70%
Treasury Operations Officer16,200 SAR-42%

Salary Comparison By City

CityAverage Salary
Abha27,400 SAR
Dammam28,900 SAR
Jeddah30,800 SAR
Khubar27,800 SAR
Mecca30,200 SAR
Medina29,500 SAR
Riyadh31,500 SAR
Tabuk26,400 SAR
Taif27,100 SAR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Saudi Arabia earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
16,000 SAR
Public Sector+7%
17,200 SAR
Percentage increase and decrease are relative to the previous value

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