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Accounting and Finance Average Salaries in United Arab Emirates 2021

How much money does a person working in Accounting and Finance make in United Arab Emirates?


Average Monthly Salary
20,200 AED
( 242,000 AED yearly)

LOW
7,710
AED
AVERAGE
20,200
AED
HIGH
41,300
AED

A person working in Accounting and Finance in United Arab Emirates typically earns around 20,200 AED per month. Salaries range from 7,710 AED (lowest average) to 41,300 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 Accounting and Finance 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
Account Examiner10,200 AED
Account Executive17,100 AED
Accountant13,400 AED
Accounting Assistant10,600 AED
Accounting Associate9,280 AED
Accounting Clerk8,080 AED
Accounting Coordinator12,400 AED
Accounting Manager29,500 AED
Accounting Supervisor19,500 AED
Accounting Technician9,360 AED
Accounts Executive17,600 AED
Accounts Payable and Receivable Specialist14,700 AED
Accounts Payable Clerk10,100 AED
Accounts Payable Manager28,900 AED
Accounts Receivable Clerk9,640 AED
Accounts Receivable Manager27,200 AED
Assistant Accounting Manager26,100 AED
Assistant Auditor14,000 AED
Audit Supervisor26,400 AED
Auditing Clerk10,900 AED
Auditing Manager30,400 AED
Billing Coordinator12,700 AED
Billing Specialist15,400 AED
Billing Supervisor21,700 AED
Bookkeeper9,140 AED
Bookkeeping Specialist13,100 AED
Budget Analyst23,400 AED
Budget Manager29,000 AED
Business Support Analyst15,900 AED
Capital Markets Associate21,700 AED
Cash Flow Analyst21,600 AED
Cash Management Officer15,500 AED
Cashbook Clerk9,330 AED
Chartered Accountant17,800 AED
Collections Clerk8,480 AED
Collections Specialist14,600 AED
Corporate Treasurer28,000 AED
Cost Accountant14,400 AED
Cost Accounting Manager27,100 AED
Cost Analyst22,200 AED
Credit and Collection Manager28,100 AED
Credit and Collection Staff9,930 AED
Credit and Loans Officer9,890 AED
Credit Controller18,400 AED
Debt Adviser23,700 AED
Debt Collector11,400 AED
Debtors Clerk9,680 AED
Deputy CFO40,900 AED
Derivative Trader24,500 AED
Escrow Assistant11,800 AED
External Auditor18,800 AED
Finance Associate11,800 AED
Finance Executive28,900 AED
Finance Licensing Clerk9,590 AED
Finance Licensing Manager27,400 AED
Finance Licensing Specialist15,600 AED
Finance Officer13,300 AED
Finance President43,200 AED
Finance Relationship Manager34,200 AED
Finance Release Analyst16,500 AED
Finance Team Leader 32,200 AED
Financial Actuary21,100 AED
Financial Administrator22,600 AED
Financial Analyst25,600 AED
Financial Applications Specialist17,400 AED
Financial Assistant11,200 AED
Financial Associate11,200 AED
Financial Claims Analyst19,400 AED
Financial Claims Manager24,000 AED
Financial Commercial Analyst20,200 AED
Financial Compliance Analyst23,200 AED
Financial Consultant18,700 AED
Financial Controller23,500 AED
Financial Coordinator12,900 AED
Financial Customer Service Manager25,100 AED
Financial Dealer and Broker14,600 AED
Financial Encoder11,200 AED
Financial Manager41,700 AED
Financial Manager38,100 AED
Financial Operations Manager35,900 AED
Financial Policy Analyst21,300 AED
Financial Project Manager28,100 AED
Financial Quantitative Analyst25,400 AED
Financial Reporting Consultant19,400 AED
Financial Reporting Manager26,400 AED
Financial Services Sales Agent15,300 AED
Fixed Assets Administrator14,200 AED
Forensic Accountant16,900 AED
Fraud Detection Supervisor17,100 AED
Fraud Prevention Manager29,600 AED
Fund Accountant13,800 AED
Grants Coordinator9,580 AED
Internal Auditor18,400 AED
Internal Control Adviser22,000 AED
Internal Control Officer12,200 AED
Inventory Accountant14,600 AED
Investment Analyst28,100 AED
Investment Fund Manager31,900 AED
Investment Underwriter12,000 AED
Investor17,600 AED
Investor Relations Manager28,700 AED
KYC Team Leader28,100 AED
Management Economist33,300 AED
Paymaster10,900 AED
Payroll Clerk11,800 AED
Payroll Manager26,400 AED
Pensions Administrator14,700 AED
Pricing Analyst23,800 AED
Private Equity Analyst24,100 AED
Proposal Development Coordinator12,200 AED
Receivables Accountant12,500 AED
Regulatory Accountant15,200 AED
Retirement Plan Analyst22,400 AED
Revenue Management Specialist23,900 AED
Revenue Recognition Analyst26,000 AED
Risk Management Director32,700 AED
Risk Management Supervisor27,500 AED
Tax Accountant13,100 AED
Tax Advisor21,500 AED
Tax Associate12,000 AED
Tax Manager29,200 AED
Teller7,590 AED
Treasury Accountant14,500 AED
Treasury Analyst23,000 AED
Underwriter9,060 AED
Underwriting Assistant8,710 AED
Vice President of Finance39,000 AED

Accounting and Finance Jobs Salary Distribution in United Arab Emirates

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

  • Salary Range

    Accounting and Finance salaries in United Arab Emirates range from 7,710 AED per month (minimum average salary) to 41,300 AED per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 21,400 AED per month, which means that half (50%) of people working in Accounting and Finance are earning less than 21,400 AED while the other half are earning more than 21,400 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 Accounting and Finance are earning less than 13,100 AED while 75% of them are earning more than 13,100 AED. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 33,300 AED while 25% are earning more than 33,300 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.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly United Arab Emirates Accounting and Finance
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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 Accounting and Finance earn 7% more than their female counterparts on average.

Male
21,000 AED
Female-7%
19,500 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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Accounting and Finance Average Annual Salary Increment Percentage in United Arab Emirates

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

Accounting and Finance

Accounting and Finance 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 Accounting and Finance
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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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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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Accounting and Finance Bonus and Incentive Rates in United Arab Emirates

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Arab Emirates Accounting and Finance
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Accounting and Finance 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 Accounting and Finance 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
81%
No Bonus
19%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Accounting and Finance 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly United Arab Emirates
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Abu Dhabi21,600 AED
Ajman19,900 AED
Al Ain20,400 AED
Dubai22,200 AED
Fujairah18,600 AED
Ras Al Khaimah19,300 AED
Sharjah21,100 AED
Um Al Quiwain18,100 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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