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Banking Average Salaries in United Arab Emirates 2021

How much money does a person working in Banking make in United Arab Emirates?

Average Monthly Salary
21,400 AED
( 256,000 AED yearly)


A person working in Banking in United Arab Emirates typically earns around 21,400 AED per month. Salaries range from 6,190 AED (lowest average) to 44,700 AED (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. 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 Analyst31,400 AED
Assistant Bank Branch Manager26,400 AED
Assistant Bank Manager36,400 AED
ATM Manager28,400 AED
ATM Service Technician7,490 AED
Bank Accounts Analyst11,400 AED
Bank Accounts Controller14,000 AED
Bank Accounts Executive21,800 AED
Bank Accounts Manager26,100 AED
Bank Auditing Manager26,600 AED
Bank Branch Manager35,300 AED
Bank Clerk6,070 AED
Bank Compliance Specialist18,500 AED
Bank Manager43,200 AED
Bank Operational Risk Manager42,200 AED
Bank Operations Head41,800 AED
Bank Operations Officer15,800 AED
Bank Operations Specialist27,400 AED
Bank Process Manager24,500 AED
Bank Product Manager 27,000 AED
Bank Programme Manager28,900 AED
Bank Project Manager35,100 AED
Bank Propositions Manager29,800 AED
Bank Quantitative Analyst20,800 AED
Bank Regional Manager44,400 AED
Bank Regional Risk Officer22,400 AED
Bank Relationship Manager33,200 AED
Bank Relationship Officer14,200 AED
Banker14,800 AED
Banking Business Analyst22,300 AED
Banking Business Development Officer13,200 AED
Banking Business Planning Executive32,400 AED
Banking Product Manager27,300 AED
Banking Reference Data Manager23,100 AED
Banking Risk Analyst21,500 AED
Banking Technical Analyst11,100 AED
Bankruptcy Coordinator14,800 AED
Budget Analyst22,200 AED
Cards Marketing Manager27,900 AED
Cash Management Manager39,200 AED
Check Processing Manager29,600 AED
Commercial Vault Associate21,800 AED
Corporate Dealer22,800 AED
Credit Analyst17,100 AED
Credit and Collections Manager31,100 AED
Credit Card Fraud Investigator22,000 AED
Credit Portfolio Manager40,800 AED
Credit Risk Analyst25,800 AED
Credit Risk Associate22,600 AED
Direct Bank Sales Representative15,200 AED
Financial Bank Planning Consultant28,700 AED
Financial Banking Analysis Manager34,200 AED
Financial Banking Assistant9,800 AED
Financial Banking Systems Manager30,300 AED
Foreign Exchange Manager33,300 AED
Fraud Analyst23,500 AED
Fraud Detection Associate14,900 AED
Fraud Detection Manager34,400 AED
Fraud Detection Supervisor18,700 AED
Internal Bank Audit Manager42,100 AED
Internal Bank Auditor20,400 AED
International Banking Manager45,300 AED
Loan Analyst22,000 AED
Loan Area Manager26,500 AED
Loan Audit Team Leader24,800 AED
Loan Branch Manager25,200 AED
Loan Business Development Officer13,600 AED
Loan Clerk7,050 AED
Loan Collection Manager26,400 AED
Loan Collector6,320 AED
Loan Examiner8,930 AED
Loan Processing Manager23,800 AED
Loan Processor9,740 AED
Loan Quality Assurance Auditor21,300 AED
Loan Quality Assurance Manager24,400 AED
Loan Quality Assurance Representative16,500 AED
Loan Review Manager25,900 AED
Loan Team Leader21,500 AED
Mortgage Advisor14,900 AED
Mortgage Collection Manager26,400 AED
Mortgage Collector6,970 AED
Mortgage Credit Analyst11,000 AED
Mortgage Credit Manager24,700 AED
Mortgage Development Manager29,200 AED
Mortgage Document Reviewer8,730 AED
Mortgage Funding Manager28,200 AED
Mortgage Operations Manager39,300 AED
Mortgage Payment Processing Clerk8,240 AED
Mortgage Processing Manager25,500 AED
Mortgage Processor9,790 AED
Mortgage Quality Assurance Auditor21,100 AED
Mortgage Quality Assurance Manager24,900 AED
Mortgage Servicing Clerk6,860 AED
Mortgage Servicing Manager24,100 AED
Mortgage Underwriter9,050 AED
Online Banking Manager39,400 AED
Payment Processing Clerk7,590 AED
Personal Banker15,900 AED
Personal Banking Advisor 15,800 AED
Phone Banker10,500 AED
Private Banker15,200 AED
Reconciliation and Investigation Specialist18,300 AED
Teller6,620 AED
Trade Officer8,890 AED
Trade Product Manager25,200 AED
Trader10,400 AED
Treasury Operations Officer18,900 AED

Banking Jobs Salary Distribution in United Arab Emirates

Median and salary distribution monthly United Arab Emirates Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in United Arab Emirates range from 6,190 AED per month (minimum average salary) to 44,700 AED per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 22,600 AED per month, which means that half (50%) of people working in Banking are earning less than 22,600 AED while the other half are earning more than 22,600 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.

  • Percentiles

    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 13,000 AED while 75% of them are earning more than 13,000 AED. Also from the diagram, 75% of people working in Banking are earning less than 35,700 AED while 25% are earning more than 35,700 AED.

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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

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 United Arab Emirates costs anywhere from 97,900 UAE Dirham(s) to 294,000 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Banking Salary Comparison By Gender

Salary comparison by gender monthly United Arab Emirates Banking
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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 employees in United Arab Emirates who work in Banking earn 7% more than their female counterparts on average.

22,200 AED
20,700 AED
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United Arab Emirates for all Careers

Salary comparison by gender monthly United Arab Emirates
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Banking Average Annual Salary Increment Percentage in United Arab Emirates

How much are annual salary increments in United Arab Emirates for Banking professionals? How often do employees get salary raises?


Banking professionals in United Arab Emirates are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate United Arab Emirates Banking
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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.

United Arab Emirates / 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 United Arab Emirates is 6%.

Annual Increment Rate By Industry 2020

Information Technology

Listed above are the average annual increase rates for each industry in United Arab Emirates 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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Banking Bonus and Incentive Rates in United Arab Emirates

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Arab Emirates Banking
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Banking is considered to be a high bonus-based field 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.

19% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 81% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Banking Hourly Average Wage in United Arab Emirates

120 AED per hour

The average hourly wage (pay per hour) in United Arab Emirates is 120 AED. This means that the average person in United Arab Emirates earns approximately 120 AED 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly United Arab Emirates
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Abu Dhabi22,900 AED
Ajman21,000 AED
Al Ain21,600 AED
Dubai23,500 AED
Fujairah19,700 AED
Ras Al Khaimah20,400 AED
Sharjah22,300 AED
Um Al Quiwain19,100 AED

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 United Arab Emirates earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
18,900 AED
Public Sector+6%
20,100 AED
Percentage increase and decrease are relative to the previous value

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