A person working as a Bank Branch Manager in United Arab Emirates typically earns around 21,600 AED per month. Salaries range from 10,400 AED (lowest) to 33,900 AED (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 salaries in United Arab Emirates range from 10,400 AED per month (minimum salary) to 33,900 AED per month (maximum salary).
The median salary is 22,500 AED per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 22,500 AED while the other half are earning more than 22,500 AED. 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 Bank Branch Manager(s) are earning less than 14,800 AED while 75% of them are earning more than 14,800 AED. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 29,300 AED while 25% are earning more than 29,300 AED.
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
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 12,100 AED per month.
While someone with an experience level between two and five years is expected to earn 17,200 AED 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 22,600 AED per month, 31% more than someone with two to five years of experience.
Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 27,800 AED 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 29,600 AED 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 32,400 AED per month, 10% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
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 19,100 AED per month.
While someone with a Master's Degree gets a salary of 27,300 AED per month, 43% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in United Arab Emirates costs anywhere from 76,300 UAE Dirham(s) to 229,000 UAE Dirham(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.
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 United Arab Emirates earn 7% more than their female counterparts.
Bank Branch Manager(s) in United Arab Emirates are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
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.
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
Listed above are the average annual increase rates for each industry in United Arab Emirates for the year 2019. 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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Bank Branch Manager employees in United Arab Emirates earn 6% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+2%|
Bank Branch Manager salaries in United Arab Emirates are on the rise in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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.
The average salary for Bank Branch Manager is 25% more than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||21,300 AED||-1%|
|Assistant Bank Branch Manager||19,300 AED||-11%|
|Assistant Bank Manager||22,900 AED||+6%|
|ATM Manager||19,900 AED||-8%|
|ATM Service Technician||10,800 AED||-50%|
|Bank Accounts Analyst||14,500 AED||-33%|
|Bank Accounts Controller||15,000 AED||-31%|
|Bank Accounts Executive||16,800 AED||-22%|
|Bank Accounts Manager||18,400 AED||-15%|
|Bank Auditing Manager||18,900 AED||-13%|
|Bank Branch Manager||21,600 AED||-0%|
|Bank Clerk||10,500 AED||-51%|
|Bank Compliance Specialist||15,300 AED||-29%|
|Bank Manager||33,100 AED||+53%|
|Bank Operational Risk Manager||24,000 AED||+11%|
|Bank Operations Head||25,100 AED||+16%|
|Bank Operations Officer||14,300 AED||-34%|
|Bank Operations Specialist||21,000 AED||-3%|
|Bank Process Manager||16,900 AED||-22%|
|Bank Product Manager||16,900 AED||-22%|
|Bank Programme Manager||20,500 AED||-5%|
|Bank Project Manager||21,500 AED||-0%|
|Bank Propositions Manager||20,400 AED||-6%|
|Bank Quantitative Analyst||16,100 AED||-25%|
|Bank Regional Manager||23,800 AED||+10%|
|Bank Regional Risk Officer||15,900 AED||-26%|
|Bank Relationship Manager||20,100 AED||-7%|
|Bank Relationship Officer||14,700 AED||-32%|
|Banking Business Analyst||17,200 AED||-20%|
|Banking Business Development Officer||14,300 AED||-34%|
|Banking Business Planning Executive||22,000 AED||+2%|
|Banking Product Manager||20,300 AED||-6%|
|Banking Reference Data Manager||17,700 AED||-18%|
|Banking Risk Analyst||16,500 AED||-24%|
|Banking Technical Analyst||14,200 AED||-34%|
|Bankruptcy Coordinator||17,500 AED||-19%|
|Budget Analyst||17,100 AED||-21%|
|Cards Marketing Manager||20,700 AED||-4%|
|Cash Management Manager||23,000 AED||+6%|
|Check Processing Manager||22,400 AED||+4%|
|Commercial Vault Associate||16,800 AED||-22%|
|Corporate Dealer||17,500 AED||-19%|
|Credit Analyst||19,400 AED||-10%|
|Credit and Collections Manager||21,400 AED||-1%|
|Credit Card Fraud Investigator||16,900 AED||-22%|
|Credit Portfolio Manager||24,400 AED||+13%|
|Credit Risk Analyst||21,500 AED||-0%|
|Credit Risk Associate||17,400 AED||-19%|
|Direct Bank Sales Representative||15,600 AED||-28%|
|Financial Bank Planning Consultant||19,100 AED||-12%|
|Financial Banking Analysis Manager||21,900 AED||+1%|
|Financial Banking Assistant||13,900 AED||-36%|
|Financial Banking Systems Manager||20,200 AED||-6%|
|Foreign Exchange Manager||21,500 AED||-0%|
|Fraud Analyst||17,600 AED||-19%|
|Fraud Detection Associate||16,500 AED||-24%|
|Fraud Detection Manager||21,800 AED||+1%|
|Fraud Detection Supervisor||17,200 AED||-20%|
|Internal Bank Audit Manager||23,100 AED||+7%|
|Internal Bank Auditor||15,700 AED||-27%|
|International Banking Manager||27,600 AED||+28%|
|Loan Analyst||17,000 AED||-21%|
|Loan Area Manager||18,600 AED||-14%|
|Loan Audit Team Leader||19,000 AED||-12%|
|Loan Branch Manager||19,300 AED||-11%|
|Loan Business Development Officer||16,800 AED||-22%|
|Loan Clerk||11,700 AED||-46%|
|Loan Collection Manager||18,800 AED||-13%|
|Loan Collector||9,870 AED||-54%|
|Loan Examiner||12,800 AED||-41%|
|Loan Processing Manager||16,200 AED||-25%|
|Loan Processor||15,500 AED||-28%|
|Loan Quality Assurance Auditor||16,400 AED||-24%|
|Loan Quality Assurance Manager||18,800 AED||-13%|
|Loan Quality Assurance Representative||15,400 AED||-29%|
|Loan Review Manager||17,800 AED||-18%|
|Loan Team Leader||16,500 AED||-24%|
|Mortgage Advisor||16,200 AED||-25%|
|Mortgage Collection Manager||18,600 AED||-14%|
|Mortgage Collector||13,100 AED||-39%|
|Mortgage Credit Analyst||14,100 AED||-35%|
|Mortgage Credit Manager||16,400 AED||-24%|
|Mortgage Development Manager||20,800 AED||-4%|
|Mortgage Document Reviewer||12,300 AED||-43%|
|Mortgage Funding Manager||20,200 AED||-6%|
|Mortgage Operations Manager||22,900 AED||+6%|
|Mortgage Payment Processing Clerk||12,300 AED||-43%|
|Mortgage Processing Manager||18,800 AED||-13%|
|Mortgage Processor||13,800 AED||-36%|
|Mortgage Quality Assurance Auditor||16,300 AED||-25%|
|Mortgage Quality Assurance Manager||17,500 AED||-19%|
|Mortgage Servicing Clerk||10,000 AED||-54%|
|Mortgage Servicing Manager||17,900 AED||-17%|
|Mortgage Underwriter||12,400 AED||-43%|
|Online Banking Manager||23,600 AED||+9%|
|Payment Processing Clerk||11,800 AED||-45%|
|Personal Banker||16,800 AED||-22%|
|Personal Banking Advisor||16,800 AED||-22%|
|Phone Banker||14,700 AED||-32%|
|Private Banker||17,500 AED||-19%|
|Reconciliation and Investigation Specialist||16,000 AED||-26%|
|Trade Officer||12,700 AED||-41%|
|Trade Product Manager||17,400 AED||-19%|
|Treasury Operations Officer||15,600 AED||-28%|
|Abu Dhabi||23,100 AED|
|Al Ain||21,800 AED|
|Ras Al Khaimah||20,100 AED|
|Um Al Quiwain||18,900 AED|