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Chief Financial Officer Average Salary in Saudi Arabia 2019

How much money does a Chief Financial Officer make in Saudi Arabia?

34,339 SAR per month
Average Monthly Salary
A person working as a Chief Financial Officer in Saudi Arabia typically earns around 34,339 SAR per month.
This is the average monthly salary including housing, transport, and other benefits. Chief Financial Officer salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Chief Financial Officer Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Chief Financial Officer

Abount These Figures: Salary Range, Median and Percentiles

Chief Financial Officer salaries in Saudi Arabia range between 16,483 SAR per month (minimum salary) to 50,478 SAR per month (maximum salary).

The median salary is 33,308 SAR per month, which means that half (50%) of people working as Chief Financial Officer are earning less than 33,308 SAR while the other half are earning more than 33,308 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 Chief Financial Officer are earning less than 22,406 SAR while 75% of them are earning more than 22,406 SAR. Also from the diagram, 75% of people working as Chief Financial Officer are earning less than 39,379 SAR while 25% are earning more than 39,379 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

Chief Financial Officer Salary Comparison by Years of Experience

0 - 2 Years    =  
19,203 SAR
2 - 5 Years    +25%  
23,962 SAR
5 - 10 Years    +28%  
30,761 SAR
10 - 15 Years    +12%  
34,500 SAR
15 - 20 Years    +20%  
41,299 SAR
20+ Years    +16%  
47,758 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 Chief Financial Officer salaries by experience level. A Chief Financial Officer with less than two years of experience makes approximatly 19,203 SAR per month. While someone with experience level between two and five years is expected to earn 23,962 SAR per month, 25% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 30,761 SAR per month, 28% more than a person with two to five years of experience. Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 34,500 SAR per month, 12% 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 41,299 SAR per month, 20% 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 47,758 SAR per month, 16% more than people with fifteen to twenty years of experience.

Salary comparison by years of experience monthly Saudi Arabia Chief Financial Officer

Chief Financial Officer Salary Comparison By Education

Certificate or Diploma    =  
24,642 SAR
Bachelor's Degree    +22%  
30,081 SAR
Master's Degree    +48%  
44,529 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 Chief Financial Officer salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of a Chief Financial Officer is 24,642 SAR per month. While someone with a Bachelor's Degree gets a salary of 30,081 SAR per month, 22% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 44,529 SAR per month, 48% more than someone with Bachelor's Degree.

Salary comparison by education level monthly Saudi Arabia Chief Financial Officer

Chief Financial Officer Salary Comparison By Gender

Female    =  
31,248 SAR
Male    +18%  
36,742 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 Chief Financial Officer employees in Saudi Arabia earn 18% more than their female counterparts.

Salary comparison by gender monthly Saudi Arabia Chief Financial Officer

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
29,531 SAR
Public Sector    +30%  
38,459 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 Chief Financial Officer employees in Saudi Arabia earn 30% more than their private sector counterparts.

Public vs private sector salaries monthly Saudi Arabia Chief Financial Officer

Chief Financial Officer Salary Trend and Forecast in Saudi Arabia

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

Salary trends and forecast monthly Saudi Arabia Chief Financial Officer
Average Salary 2016    =  
31,890 SAR
Average Salary 2017    +4%  
33,070 SAR
Average Salary 2018    +2%  
33,599 SAR
Average Salary 2019    +2%  
34,339 SAR
Percentage increase and decrease are relative to the previous value
Chief Financial Officer 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 2% 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.

Chief Financial Officer Average Hourly Wage in Saudi Arabia

198 SAR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Saudi Arabia for Chief Financial Officer is 198 SAR. This means that the average Chief Financial Officer in Saudi Arabia earns approximatly 198 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly Saudi ArabiaWe compared Saudi Arabia salaries for Chief Financial Officer, Executive and Management, and All Jobs and we found that Chief Financial Officer salaries are 50% more than those of Executive and Management. We also found out that Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator15,653 SAR-54%
Administration Manager17,781 SAR-48%
Area Manager16,963 SAR-51%
Asset Protection Associate19,206 SAR-44%
Assistant Director18,397 SAR-46%
Assistant Manager18,968 SAR-45%
Assistant Operations Manager20,807 SAR-39%
Assistant Project Manager18,178 SAR-47%
Assistant Section Head14,805 SAR-57%
Assistant to CEO17,085 SAR-50%
Assistant Vice President20,273 SAR-41%
Associate Director18,486 SAR-46%
Bid Manager20,566 SAR-40%
Branch Manager20,041 SAR-42%
Business Development Manager22,697 SAR-34%
Business Operations Associate17,860 SAR-48%
Business Operations Lead20,186 SAR-41%
Campaign Manager21,582 SAR-37%
Chairman of The Board33,877 SAR-1%
Chairman Office Manager22,056 SAR-36%
Chief Corporate Officer28,358 SAR-17%
Chief Executive Officer34,703 SAR+1%
Chief Financial Officer34,339 SAR=
Chief of Staff16,362 SAR-52%
Chief Operating Officer24,257 SAR-29%
Chief Risk Officer23,957 SAR-30%
Client Services Manager22,457 SAR-35%
Commercial Project Manager19,226 SAR-44%
Commodity Broker14,982 SAR-56%
Corporate Affairs Executive21,481 SAR-37%
Corporate Compliance Director22,138 SAR-36%
Corporate Director25,500 SAR-26%
Corporate Officer17,415 SAR-49%
Corporate Partnerships Officer17,310 SAR-50%
Country Manager27,103 SAR-21%
Deputy Director26,101 SAR-24%
Director27,159 SAR-21%
Director of Accreditation24,245 SAR-29%
Director of Catering Services21,609 SAR-37%
Director of Client Services21,781 SAR-37%
Director of Facilities Management19,616 SAR-43%
Director of Operations23,061 SAR-33%
Director of Process Simplification18,533 SAR-46%
Director of Project Management26,015 SAR-24%
Director of Revenue Management21,099 SAR-39%
Director of Training and Development22,605 SAR-34%
Distribution Manager23,958 SAR-30%
Division Manager20,348 SAR-41%
Duty Manager21,476 SAR-37%
Engagement Manager24,593 SAR-28%
Executive Director34,160 SAR-1%
Executive Manager29,252 SAR-15%
Franchise Manager29,910 SAR-13%
General Manager26,769 SAR-22%
Global Master Data Manager24,572 SAR-28%
Head of Middle Office22,708 SAR-34%
Head of Projects24,974 SAR-27%
Head of Sustainability20,297 SAR-41%
Housing Manager18,451 SAR-46%
HSE Manager19,776 SAR-42%
Key Account Manager19,935 SAR-42%
Knowledge Manager21,850 SAR-36%
Location Manager21,637 SAR-37%
Logistics Manager19,040 SAR-45%
Management Consultant17,995 SAR-48%
Management Executive25,435 SAR-26%
Manager24,329 SAR-29%
Managing Director29,882 SAR-13%
MIS Executive24,281 SAR-29%
Ocean Services Manager23,727 SAR-31%
Operations Assistant16,860 SAR-51%
Operations Director26,075 SAR-24%
Operations Executive24,959 SAR-27%
Operations Manager26,928 SAR-22%
Operations Supervisor21,157 SAR-38%
Policy Administration Executive21,004 SAR-39%
Private Sector Executive21,005 SAR-39%
Product Development Manager23,040 SAR-33%
Product Executive21,121 SAR-38%
Production Executive24,675 SAR-28%
Production Manager23,760 SAR-31%
Production Supervisor20,152 SAR-41%
Program Manager24,100 SAR-30%
Programme Coordinator16,872 SAR-51%
Project Control Manager25,990 SAR-24%
Project Coordinator14,002 SAR-59%
Project Management Officer16,268 SAR-53%
Project Manager18,193 SAR-47%
Project Portfolio Manager18,203 SAR-47%
Quality Manager19,433 SAR-43%
R/D Director21,353 SAR-38%
Regional Director32,763 SAR-5%
Regional Manager25,460 SAR-26%
Relationship Manager23,417 SAR-32%
Retail District Manager17,739 SAR-48%
Revenue Manager19,223 SAR-44%
Risk and Capital Manager26,300 SAR-23%
Risk Officer17,435 SAR-49%
Safety Manager18,068 SAR-47%
Section Head18,067 SAR-47%
Service Manager19,215 SAR-44%
Shift Supervisor15,195 SAR-56%
Solutions Manager16,150 SAR-53%
Supervisor14,429 SAR-58%
Supply Chain Manager24,711 SAR-28%
Surveyor17,080 SAR-50%
Technical Manager23,497 SAR-32%
Territory Manager24,269 SAR-29%
Validation Manager19,807 SAR-42%
Vice President28,012 SAR-18%
Zone Manager23,926 SAR-30%

Salary Comparison By City

CityAverage Salary
Abha32,108 SAR
Dammam32,614 SAR
Jeddah35,667 SAR
Khubar33,157 SAR
Mecca33,476 SAR
Medina34,756 SAR
Riyadh34,306 SAR
Tabuk32,155 SAR
Taif32,461 SAR
47445 - 8
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