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Banking Average Salaries in Jeddah 2019

How much money does a person working in Banking make in Jeddah?

19,775 SAR per month
Average Monthly Salary
A person working in Banking in Jeddah typically earns around 19,775 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 Analyst23,425 SAR
Assistant Bank Branch Manager22,745 SAR
Assistant Bank Manager25,748 SAR
ATM Manager23,044 SAR
ATM Service Technician12,787 SAR
Bank Accounts Analyst15,761 SAR
Bank Accounts Controller17,425 SAR
Bank Accounts Executive19,890 SAR
Bank Accounts Manager20,230 SAR
Bank Auditing Manager20,738 SAR
Bank Branch Manager24,852 SAR
Bank Clerk11,685 SAR
Bank Compliance Specialist17,492 SAR
Bank Manager35,398 SAR
Bank Operational Risk Manager25,813 SAR
Bank Operations Head28,258 SAR
Bank Operations Officer17,230 SAR
Bank Operations Specialist23,013 SAR
Bank Process Manager17,442 SAR
Bank Product Manager 19,469 SAR
Bank Programme Manager24,096 SAR
Bank Project Manager24,006 SAR
Bank Propositions Manager23,140 SAR
Bank Quantitative Analyst17,880 SAR
Bank Regional Manager25,951 SAR
Bank Regional Risk Officer16,844 SAR
Bank Relationship Manager22,465 SAR
Bank Relationship Officer16,607 SAR
Banker15,758 SAR
Banking Business Analyst19,188 SAR
Banking Business Development Officer16,346 SAR
Banking Business Planning Executive23,103 SAR
Banking Product Manager21,888 SAR
Banking Reference Data Manager20,484 SAR
Banking Risk Analyst17,890 SAR
Banking Technical Analyst15,987 SAR
Bankruptcy Coordinator19,612 SAR
Budget Analyst18,676 SAR
Cards Marketing Manager22,487 SAR
Cash Management Manager24,344 SAR
Check Processing Manager24,355 SAR
Commercial Vault Associate18,868 SAR
Corporate Dealer19,807 SAR
Credit Analyst20,541 SAR
Credit and Collections Manager23,154 SAR
Credit Card Fraud Investigator18,732 SAR
Credit Portfolio Manager28,324 SAR
Credit Risk Analyst22,947 SAR
Credit Risk Associate20,319 SAR
Direct Bank Sales Representative17,778 SAR
Financial Bank Planning Consultant20,132 SAR
Financial Banking Analysis Manager23,678 SAR
Financial Banking Assistant15,298 SAR
Financial Banking Systems Manager22,855 SAR
Foreign Exchange Manager22,578 SAR
Fraud Analyst18,869 SAR
Fraud Detection Associate19,629 SAR
Fraud Detection Manager25,035 SAR
Fraud Detection Supervisor18,888 SAR
Internal Bank Audit Manager24,129 SAR
Internal Bank Auditor18,611 SAR
International Banking Manager30,222 SAR
Loan Analyst18,844 SAR
Loan Area Manager20,153 SAR
Loan Audit Team Leader20,563 SAR
Loan Branch Manager21,443 SAR
Loan Business Development Officer17,310 SAR
Loan Clerk13,673 SAR
Loan Collection Manager20,238 SAR
Loan Collector11,174 SAR
Loan Examiner14,817 SAR
Loan Processing Manager17,418 SAR
Loan Processor17,029 SAR
Loan Quality Assurance Auditor18,494 SAR
Loan Quality Assurance Manager21,656 SAR
Loan Quality Assurance Representative16,448 SAR
Loan Review Manager19,507 SAR
Loan Team Leader18,570 SAR
Mortgage Advisor18,666 SAR
Mortgage Collection Manager19,863 SAR
Mortgage Collector14,303 SAR
Mortgage Credit Analyst15,713 SAR
Mortgage Credit Manager18,739 SAR
Mortgage Development Manager22,043 SAR
Mortgage Document Reviewer14,799 SAR
Mortgage Funding Manager22,510 SAR
Mortgage Operations Manager25,995 SAR
Mortgage Payment Processing Clerk12,910 SAR
Mortgage Processing Manager21,468 SAR
Mortgage Processor14,545 SAR
Mortgage Quality Assurance Auditor19,367 SAR
Mortgage Quality Assurance Manager19,299 SAR
Mortgage Servicing Clerk11,975 SAR
Mortgage Servicing Manager19,854 SAR
Mortgage Underwriter14,052 SAR
Online Banking Manager26,545 SAR
Payment Processing Clerk12,324 SAR
Personal Banker18,148 SAR
Personal Banking Advisor 19,079 SAR
Phone Banker15,393 SAR
Private Banker20,662 SAR
Reconciliation and Investigation Specialist18,066 SAR
Teller11,325 SAR
Trade Officer13,334 SAR
Trade Product Manager20,703 SAR
Trader15,695 SAR
Treasury Operations Officer17,854 SAR

Banking Jobs Salary Distribution in Jeddah

Median and salary distribution monthly Jeddah Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Jeddah range between 11,184 SAR per month (minimum salary) to 36,567 SAR per month (maximum salary).

The median salary is 20,566 SAR per month, which means that half (50%) of people working in Banking are earning less than 20,566 SAR while the other half are earning more than 20,566 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 14,287 SAR while 75% of them are earning more than 14,287 SAR. Also from the diagram, 75% of people working in Banking are earning less than 30,852 SAR while 25% are earning more than 30,852 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 Jeddah

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 Jeddah Banking
Average Salary 2016    =  
17,733 SAR
Average Salary 2017    +4%  
18,389 SAR
Average Salary 2018    +4%  
19,069 SAR
Average Salary 2019    +4%  
19,775 SAR
Percentage increase and decrease are relative to the previous value
Banking salaries in Jeddah are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Jeddah

114 SAR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Jeddah for Banking is 114 SAR. This means that the average person in Jeddah earns approximatly 114 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 JeddahWe compared Jeddah salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Jeddah VS Saudi Arabia

Salary Comparison Between Jeddah and Saudi Arabia monthly BankingWe compared Banking salaries in Jeddah and Saudi Arabia and we found that Jeddah salaries are 4% more than those of Saudi Arabia.

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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