HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Accounting and Finance Average Salaries in Ras Al Khaimah 2024

How much money does a person working in Accounting and Finance make in Ras Al Khaimah?


Average Monthly Salary
14,200 AED
( 171,000 AED yearly)

LOW
4,930
AED
AVERAGE
14,200
AED
HIGH
29,600
AED
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in Ras Al Khaimah typically earns around 14,200 AED. Salaries range from 4,930 AED (lowest average) to 29,600 AED (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Ras Al Khaimah exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner6,640 AED
Account Executive11,800 AED
Accountant8,940 AED
Accounting Analyst11,600 AED
Accounting Assistant6,940 AED
Accounting Associate6,430 AED
Accounting Clerk5,200 AED
Accounting Coordinator8,230 AED
Accounting Head19,400 AED
Accounting Manager20,900 AED
Accounting Officer6,690 AED
Accounting Specialist13,800 AED
Accounting Supervisor13,000 AED
Accounting Technician5,950 AED
Accounting Unit Controller16,800 AED
Accounts Executive11,900 AED
Accounts Officer6,910 AED
Accounts Payable and Receivable Specialist9,160 AED
Accounts Payable Assistant7,430 AED
Accounts Payable Associate8,750 AED
Accounts Payable Clerk6,710 AED
Accounts Payable Manager20,700 AED
Accounts Receivable Administrator13,700 AED
Accounts Receivable Clerk6,480 AED
Accounts Receivable Financial Analyst14,300 AED
Accounts Receivable Manager19,700 AED
Accounts Receivable Team Leader14,700 AED
Algorithmic Trading Specialist16,800 AED
Assistant Accountant6,820 AED
Assistant Accounting Manager19,300 AED
Assistant Auditor8,980 AED
Assistant Corporate Controller12,900 AED
Assistant Finance Manager21,000 AED
Assistant Financial Controller13,700 AED
Audit Director23,000 AED
Audit Supervisor17,800 AED
Auditing Clerk6,910 AED
Auditing Manager21,100 AED
Billing Clerk6,530 AED
Billing Coordinator8,330 AED
Billing Specialist9,700 AED
Billing Supervisor15,100 AED
Bookkeeper5,950 AED
Bookkeeping Specialist8,580 AED
Budget Analyst16,600 AED
Budget Manager20,800 AED
Business Support Analyst10,300 AED
Capital Markets Associate14,700 AED
Cash Flow Analyst15,400 AED
Cash Management Manager19,200 AED
Cash Management Officer11,000 AED
Cashbook Clerk6,150 AED
Chartered Accountant12,800 AED
Chief Accountant14,700 AED
Chief Financial Technology Officer21,300 AED
Collections Clerk5,170 AED
Collections Representative8,050 AED
Collections Specialist9,610 AED
Corporate Controller15,700 AED
Corporate Treasurer19,200 AED
Cost Accountant9,140 AED
Cost Accounting Manager20,600 AED
Cost Accounting Supervisor15,300 AED
Cost Analyst15,200 AED
Credit and Collection Manager20,100 AED
Credit and Collection Staff6,700 AED
Credit and Loans Officer6,410 AED
Credit Controller13,800 AED
Credit Manager21,700 AED
Debt Adviser17,100 AED
Debt Collector7,140 AED
Debtors Clerk6,020 AED
Debtors Controller6,690 AED
Deputy CFO27,200 AED
Deputy Head of Finance29,000 AED
Derivative Trader16,600 AED
Director of Finance30,100 AED
E-commerce Accountant9,690 AED
Economist23,900 AED
Equity Analyst17,200 AED
Escrow Assistant7,950 AED
Executive Accountant10,300 AED
External Auditor14,200 AED
Finance Administrator11,100 AED
Finance Analyst17,800 AED
Finance Associate8,200 AED
Finance Data Analyst16,400 AED
Finance Director29,000 AED
Finance Executive22,300 AED
Finance Licensing Clerk6,600 AED
Finance Licensing Manager18,400 AED
Finance Licensing Specialist10,200 AED
Finance Manager28,400 AED
Finance Officer8,590 AED
Finance President28,900 AED
Finance Relationship Manager23,900 AED
Finance Release Analyst11,400 AED
Finance Specialist16,800 AED
Finance Team Leader 22,600 AED
Financial Accountant9,440 AED
Financial Actuary14,400 AED
Financial Administrator16,200 AED
Financial Advisor17,300 AED
Financial Analyst17,500 AED
Financial Applications Specialist12,600 AED
Financial Assistant7,130 AED
Financial Associate7,290 AED
Financial Associate8,830 AED
Financial Claims Analyst12,700 AED
Financial Claims Manager17,800 AED
Financial Claims Supervisor17,000 AED
Financial Clerk6,830 AED
Financial Commercial Analyst13,800 AED
Financial Compliance Analyst15,600 AED
Financial Compliance Officer15,000 AED
Financial Consultant13,500 AED
Financial Controller15,800 AED
Financial Controller15,900 AED
Financial Coordinator8,730 AED
Financial Customer Service Manager17,600 AED
Financial Data Scientist18,400 AED
Financial Dealer and Broker10,700 AED
Financial Director28,900 AED
Financial Encoder7,840 AED
Financial Manager27,100 AED
Financial Manager28,000 AED
Financial Modelling Analyst18,300 AED
Financial Operations Manager25,700 AED
Financial Policy Analyst14,700 AED
Financial Project Manager21,400 AED
Financial Quantitative Analyst17,600 AED
Financial Reporting Consultant14,400 AED
Financial Reporting Manager18,400 AED
Financial Section Head18,300 AED
Financial Services Manager26,200 AED
Financial Services Sales Agent10,400 AED
Financial Technology Consultant14,900 AED
Financial Wellness Coach20,400 AED
FinTech Analyst17,500 AED
Fixed Assets Administrator9,710 AED
Forensic Accountant11,400 AED
Fraud Detection Supervisor11,900 AED
Fraud Prevention Manager21,200 AED
Fund Accountant8,600 AED
Grants Coordinator6,650 AED
Green Finance Analyst15,000 AED
Group Financial Manager30,300 AED
Internal Auditor12,600 AED
Internal Control Adviser15,500 AED
Internal Control Officer8,260 AED
International Tax Director23,700 AED
Inventory Accountant9,460 AED
Investment Advisor27,300 AED
Investment Analyst20,400 AED
Investment Associate15,900 AED
Investment Broker16,100 AED
Investment Fund Manager22,300 AED
Investment Operations Manager22,500 AED
Investment Underwriter7,950 AED
Investor12,100 AED
Investor Relations Manager20,200 AED
KYC Team Leader19,600 AED
Loan Processor7,430 AED
Management Accountant10,900 AED
Management Economist23,600 AED
Paymaster7,160 AED
Payroll Administrator13,100 AED
Payroll Benefits Coordinator10,300 AED
Payroll Billing Manager18,400 AED
Payroll Clerk7,700 AED
Payroll Manager18,100 AED
Payroll Officer8,350 AED
Payroll Specialist9,590 AED
Payroll Supervisor12,700 AED
Pensions Administrator9,990 AED
Personal Financial Advisor13,900 AED
Pricing Analyst16,300 AED
Private Equity Analyst17,900 AED
Project Accountant10,200 AED
Proposal Development Coordinator8,180 AED
Quantitative Trader13,700 AED
Receivables Accountant8,830 AED
Regulatory Accountant10,100 AED
Retirement Plan Analyst15,700 AED
Revenue Management Specialist16,900 AED
Revenue Recognition Analyst18,200 AED
Risk Management Director23,400 AED
Risk Management Supervisor19,700 AED
Staff Accountant8,520 AED
Tax Accountant8,840 AED
Tax Administrator10,300 AED
Tax Advisor15,600 AED
Tax Analyst14,600 AED
Tax Associate8,070 AED
Tax Consultant15,800 AED
Tax Director24,300 AED
Tax Examiner10,200 AED
Tax Manager21,000 AED
Tax Research Manager19,700 AED
Teller5,010 AED
Treasury Accountant9,870 AED
Treasury Analyst16,600 AED
Underwriter6,400 AED
Underwriting Assistant5,540 AED
Vice President of Finance28,000 AED


Accounting and Finance Jobs Pay Scale and Salaries in Ras Al Khaimah

Median and salary distribution Ras Al Khaimah Accounting and Finance monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/ras-al-khaimah/accounting-and-finance/median-and-salary-distribution-monthly-ras-al-khaimah-accounting-and-finance.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
14,500 AED or more
10% of people earn
12,100 to 14,500 AED
20% of people earn
6,770 AED or less
65% of people earn
6,770 to 12,100 AED
Minimum Salary
4,930 AED
Median
12,600 AED
Maximum
29,600 AED




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Ras Al Khaimah range from 4,930 AED (starting average salary) to 29,600 AED (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 12,600 AED, implying that half of the workforce in Ras Al Khaimah earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Ras Al Khaimah earn less than 9,560 AED, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 15,400 AED, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Ras Al Khaimah. The analysis revealed that roughly 65% of all reported salaries fell within the range of 6,770 AED to 12,100 AED. Approximately 20% of salaries were below the 6,770 AED mark, while 10% ranged from 12,100 AED to 14,500 AED. Only 5% of individuals earned a gross salary of 14,500 AED or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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 in Accounting and Finance in Ras Al Khaimah 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.

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.


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.
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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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.

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 degree levels across many jobs in Accounting and Finance in Ras Al Khaimah, below are our findings.

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 certificate 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 71,700 AED to 215,000 AED and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Ras Al Khaimah

Salary comparison by gender United Arab Emirates Accounting and Finance monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/accounting-and-finance/salary-comparison-by-gender-monthly-united-arab-emirates-accounting-and-finance.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in United Arab Emirates, the average difference between the salary of male and female employees is 7%.

Male
15,400 AED
Female-7%
14,400 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/salary-comparison-by-gender-monthly-united-arab-emirates.jpg

Average Annual Salary Increment Percentage / Accounting and Finance / Ras Al Khaimah

How much are annual salary increments in Ras Al Khaimah for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in United Arab Emirates are likely to observe a salary increase of approximately % every 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/accounting-and-finance/annual-salary-increment-rate-united-arab-emirates-accounting-and-finance.jpg


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

Annual Salary Increment Rate United Arab Emirates
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/annual-salary-increment-rate-united-arab-emirates.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / United Arab Emirates

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Arab Emirates Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-arab-emirates/accounting-and-finance/annual-salary-bonus-rate-united-arab-emirates-accounting-and-finance.jpg

100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

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.

Hourly Average Wage / Accounting and Finance / Ras Al Khaimah


82 AED per hour

The average hourly wage (pay per hour) in Accounting and Finance in Ras Al Khaimah is 82 AED.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in Ras Al Khaimah is 28 AED. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Abu Dhabi15,900 AED
Ajman14,600 AED
Al Ain15,000 AED
Dubai16,300 AED
Fujairah13,700 AED
Ras Al Khaimah14,200 AED
Sharjah15,500 AED
Um Al Quiwain13,300 AED

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Arab Emirates is 6% on average across all career fields.

Private Sector
13,800 AED
Public Sector+6%
14,700 AED
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Ras Al Khaimah?

A good and competitive compensation would range anywhere between 12,600 AED and 15,400 AED. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in Ras Al Khaimah ranges from 4,930 AED to 9,560 AED. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024