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Banking Average Salaries in Saudi Arabia 2019

How much money does a person working in Banking make in Saudi Arabia?

19,042 SAR per month
Average Monthly Salary
A person working in Banking in Saudi Arabia typically earns around 19,042 SAR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Banking jobs. 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
AML Analyst22,565 SAR
Assistant Bank Branch Manager19,453 SAR
Assistant Bank Manager23,383 SAR
ATM Manager21,767 SAR
ATM Service Technician11,386 SAR
Bank Accounts Analyst14,892 SAR
Bank Accounts Controller17,113 SAR
Bank Accounts Executive18,417 SAR
Bank Accounts Manager19,488 SAR
Bank Auditing Manager19,202 SAR
Bank Branch Manager22,549 SAR
Bank Clerk11,500 SAR
Bank Compliance Specialist16,196 SAR
Bank Manager34,805 SAR
Bank Operational Risk Manager24,896 SAR
Bank Operations Head28,330 SAR
Bank Operations Officer16,264 SAR
Bank Operations Specialist21,309 SAR
Bank Process Manager16,150 SAR
Bank Product Manager 18,381 SAR
Bank Programme Manager20,608 SAR
Bank Project Manager22,228 SAR
Bank Propositions Manager21,859 SAR
Bank Quantitative Analyst17,570 SAR
Bank Regional Manager25,509 SAR
Bank Regional Risk Officer16,249 SAR
Bank Relationship Manager20,801 SAR
Bank Relationship Officer15,075 SAR
Banker14,591 SAR
Banking Business Analyst17,766 SAR
Banking Business Development Officer15,740 SAR
Banking Business Planning Executive21,391 SAR
Banking Product Manager21,110 SAR
Banking Reference Data Manager19,349 SAR
Banking Risk Analyst17,950 SAR
Banking Technical Analyst14,504 SAR
Bankruptcy Coordinator18,907 SAR
Budget Analyst16,600 SAR
Cards Marketing Manager21,247 SAR
Cash Management Manager24,435 SAR
Check Processing Manager23,000 SAR
Commercial Vault Associate16,444 SAR
Corporate Dealer18,702 SAR
Credit Analyst19,816 SAR
Credit and Collections Manager21,013 SAR
Credit Card Fraud Investigator17,706 SAR
Credit Portfolio Manager25,192 SAR
Credit Risk Analyst21,673 SAR
Credit Risk Associate19,562 SAR
Direct Bank Sales Representative15,808 SAR
Financial Bank Planning Consultant19,421 SAR
Financial Banking Analysis Manager20,623 SAR
Financial Banking Assistant15,342 SAR
Financial Banking Systems Manager21,580 SAR
Foreign Exchange Manager22,206 SAR
Fraud Analyst17,471 SAR
Fraud Detection Associate18,175 SAR
Fraud Detection Manager22,727 SAR
Fraud Detection Supervisor18,213 SAR
Internal Bank Audit Manager22,803 SAR
Internal Bank Auditor16,556 SAR
International Banking Manager27,983 SAR
Loan Analyst17,794 SAR
Loan Area Manager20,220 SAR
Loan Audit Team Leader20,631 SAR
Loan Branch Manager20,249 SAR
Loan Business Development Officer17,030 SAR
Loan Clerk12,660 SAR
Loan Collection Manager19,518 SAR
Loan Collector10,561 SAR
Loan Examiner13,178 SAR
Loan Processing Manager16,128 SAR
Loan Processor14,836 SAR
Loan Quality Assurance Auditor18,541 SAR
Loan Quality Assurance Manager20,446 SAR
Loan Quality Assurance Representative16,173 SAR
Loan Review Manager18,062 SAR
Loan Team Leader17,903 SAR
Mortgage Advisor16,945 SAR
Mortgage Collection Manager18,770 SAR
Mortgage Collector12,726 SAR
Mortgage Credit Analyst14,549 SAR
Mortgage Credit Manager16,336 SAR
Mortgage Development Manager19,993 SAR
Mortgage Document Reviewer13,969 SAR
Mortgage Funding Manager22,120 SAR
Mortgage Operations Manager23,139 SAR
Mortgage Payment Processing Clerk11,954 SAR
Mortgage Processing Manager19,877 SAR
Mortgage Processor14,017 SAR
Mortgage Quality Assurance Auditor16,894 SAR
Mortgage Quality Assurance Manager17,507 SAR
Mortgage Servicing Clerk10,873 SAR
Mortgage Servicing Manager18,758 SAR
Mortgage Underwriter12,008 SAR
Online Banking Manager23,135 SAR
Payment Processing Clerk11,176 SAR
Personal Banker16,461 SAR
Personal Banking Advisor 16,965 SAR
Phone Banker14,547 SAR
Private Banker19,506 SAR
Reconciliation and Investigation Specialist15,439 SAR
Teller10,916 SAR
Trade Officer12,346 SAR
Trade Product Manager18,059 SAR
Trader14,238 SAR
Treasury Operations Officer17,192 SAR

Banking Jobs Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Saudi Arabia range between 10,769 SAR per month (minimum salary) to 35,211 SAR per month (maximum salary).

The median salary is 19,613 SAR per month, which means that half (50%) of people working in Banking are earning less than 19,613 SAR while the other half are earning more than 19,613 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 in Banking are earning less than 13,672 SAR while 75% of them are earning more than 13,672 SAR. Also from the diagram, 75% of people working in Banking are earning less than 29,057 SAR while 25% are earning more than 29,057 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

Banking Salary Forecast and Trend in Saudi Arabia

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

Salary trends and forecast monthly Saudi Arabia Banking
Average Salary 2016    =  
17,225 SAR
Average Salary 2017    +4%  
17,862 SAR
Average Salary 2018    +3%  
18,469 SAR
Average Salary 2019    +3%  
19,042 SAR
Percentage increase and decrease are relative to the previous value
Banking salaries in Saudi Arabia are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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.

Banking Hourly Average Wage in Saudi Arabia

110 SAR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Saudi Arabia for Banking is 110 SAR. This means that the average person in Saudi Arabia earns approximatly 110 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Saudi ArabiaWe compared Saudi Arabia salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Abha18,070 SAR
Dammam18,732 SAR
Jeddah19,775 SAR
Khubar18,475 SAR
Mecca19,428 SAR
Medina19,081 SAR
Riyadh20,121 SAR
Tabuk17,315 SAR
Taif17,648 SAR
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