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
Accounting and Finance | |
Account Examiner | 6,640 AED |
Account Executive | 11,800 AED |
Accountant | 8,940 AED |
Accounting Analyst | 11,600 AED |
|
Accounting Assistant | 6,940 AED |
Accounting Associate | 6,430 AED |
Accounting Clerk | 5,200 AED |
Accounting Coordinator | 8,230 AED |
Accounting Head | 19,400 AED |
Accounting Manager | 20,900 AED |
Accounting Officer | 6,690 AED |
Accounting Specialist | 13,800 AED |
Accounting Supervisor | 13,000 AED |
Accounting Technician | 5,950 AED |
Accounting Unit Controller | 16,800 AED |
Accounts Executive | 11,900 AED |
Accounts Officer | 6,910 AED |
Accounts Payable and Receivable Specialist | 9,160 AED |
Accounts Payable Assistant | 7,430 AED |
Accounts Payable Associate | 8,750 AED |
Accounts Payable Clerk | 6,710 AED |
Accounts Payable Manager | 20,700 AED |
Accounts Receivable Administrator | 13,700 AED |
Accounts Receivable Clerk | 6,480 AED |
Accounts Receivable Financial Analyst | 14,300 AED |
Accounts Receivable Manager | 19,700 AED |
Accounts Receivable Team Leader | 14,700 AED |
Algorithmic Trading Specialist | 16,800 AED |
Assistant Accountant | 6,820 AED |
Assistant Accounting Manager | 19,300 AED |
Assistant Auditor | 8,980 AED |
Assistant Corporate Controller | 12,900 AED |
Assistant Finance Manager | 21,000 AED |
Assistant Financial Controller | 13,700 AED |
Audit Director | 23,000 AED |
Audit Supervisor | 17,800 AED |
Auditing Clerk | 6,910 AED |
Auditing Manager | 21,100 AED |
Billing Clerk | 6,530 AED |
Billing Coordinator | 8,330 AED |
Billing Specialist | 9,700 AED |
Billing Supervisor | 15,100 AED |
Bookkeeper | 5,950 AED |
Bookkeeping Specialist | 8,580 AED |
Budget Analyst | 16,600 AED |
Budget Manager | 20,800 AED |
Business Support Analyst | 10,300 AED |
Capital Markets Associate | 14,700 AED |
Cash Flow Analyst | 15,400 AED |
Cash Management Manager | 19,200 AED |
Cash Management Officer | 11,000 AED |
Cashbook Clerk | 6,150 AED |
Chartered Accountant | 12,800 AED |
Chief Accountant | 14,700 AED |
Chief Financial Technology Officer | 21,300 AED |
Collections Clerk | 5,170 AED |
Collections Representative | 8,050 AED |
Collections Specialist | 9,610 AED |
Corporate Controller | 15,700 AED |
Corporate Treasurer | 19,200 AED |
Cost Accountant | 9,140 AED |
Cost Accounting Manager | 20,600 AED |
Cost Accounting Supervisor | 15,300 AED |
Cost Analyst | 15,200 AED |
Credit and Collection Manager | 20,100 AED |
Credit and Collection Staff | 6,700 AED |
Credit and Loans Officer | 6,410 AED |
Credit Controller | 13,800 AED |
Credit Manager | 21,700 AED |
Debt Adviser | 17,100 AED |
Debt Collector | 7,140 AED |
Debtors Clerk | 6,020 AED |
Debtors Controller | 6,690 AED |
Deputy CFO | 27,200 AED |
Deputy Head of Finance | 29,000 AED |
Derivative Trader | 16,600 AED |
Director of Finance | 30,100 AED |
E-commerce Accountant | 9,690 AED |
Economist | 23,900 AED |
Equity Analyst | 17,200 AED |
Escrow Assistant | 7,950 AED |
Executive Accountant | 10,300 AED |
External Auditor | 14,200 AED |
Finance Administrator | 11,100 AED |
Finance Analyst | 17,800 AED |
Finance Associate | 8,200 AED |
Finance Data Analyst | 16,400 AED |
Finance Director | 29,000 AED |
Finance Executive | 22,300 AED |
Finance Licensing Clerk | 6,600 AED |
Finance Licensing Manager | 18,400 AED |
Finance Licensing Specialist | 10,200 AED |
Finance Manager | 28,400 AED |
Finance Officer | 8,590 AED |
Finance President | 28,900 AED |
Finance Relationship Manager | 23,900 AED |
Finance Release Analyst | 11,400 AED |
Finance Specialist | 16,800 AED |
Finance Team Leader | 22,600 AED |
Financial Accountant | 9,440 AED |
Financial Actuary | 14,400 AED |
Financial Administrator | 16,200 AED |
Financial Advisor | 17,300 AED |
Financial Analyst | 17,500 AED |
Financial Applications Specialist | 12,600 AED |
Financial Assistant | 7,130 AED |
Financial Associate | 7,290 AED |
Financial Associate | 8,830 AED |
Financial Claims Analyst | 12,700 AED |
Financial Claims Manager | 17,800 AED |
Financial Claims Supervisor | 17,000 AED |
Financial Clerk | 6,830 AED |
Financial Commercial Analyst | 13,800 AED |
Financial Compliance Analyst | 15,600 AED |
Financial Compliance Officer | 15,000 AED |
Financial Consultant | 13,500 AED |
Financial Controller | 15,800 AED |
Financial Controller | 15,900 AED |
Financial Coordinator | 8,730 AED |
Financial Customer Service Manager | 17,600 AED |
Financial Data Scientist | 18,400 AED |
Financial Dealer and Broker | 10,700 AED |
Financial Director | 28,900 AED |
Financial Encoder | 7,840 AED |
Financial Manager | 27,100 AED |
Financial Manager | 28,000 AED |
Financial Modelling Analyst | 18,300 AED |
Financial Operations Manager | 25,700 AED |
Financial Policy Analyst | 14,700 AED |
Financial Project Manager | 21,400 AED |
Financial Quantitative Analyst | 17,600 AED |
Financial Reporting Consultant | 14,400 AED |
Financial Reporting Manager | 18,400 AED |
Financial Section Head | 18,300 AED |
Financial Services Manager | 26,200 AED |
Financial Services Sales Agent | 10,400 AED |
Financial Technology Consultant | 14,900 AED |
Financial Wellness Coach | 20,400 AED |
FinTech Analyst | 17,500 AED |
Fixed Assets Administrator | 9,710 AED |
Forensic Accountant | 11,400 AED |
Fraud Detection Supervisor | 11,900 AED |
Fraud Prevention Manager | 21,200 AED |
Fund Accountant | 8,600 AED |
Grants Coordinator | 6,650 AED |
Green Finance Analyst | 15,000 AED |
Group Financial Manager | 30,300 AED |
Internal Auditor | 12,600 AED |
Internal Control Adviser | 15,500 AED |
Internal Control Officer | 8,260 AED |
International Tax Director | 23,700 AED |
Inventory Accountant | 9,460 AED |
Investment Advisor | 27,300 AED |
Investment Analyst | 20,400 AED |
Investment Associate | 15,900 AED |
Investment Broker | 16,100 AED |
Investment Fund Manager | 22,300 AED |
Investment Operations Manager | 22,500 AED |
Investment Underwriter | 7,950 AED |
Investor | 12,100 AED |
Investor Relations Manager | 20,200 AED |
KYC Team Leader | 19,600 AED |
Loan Processor | 7,430 AED |
Management Accountant | 10,900 AED |
Management Economist | 23,600 AED |
Paymaster | 7,160 AED |
Payroll Administrator | 13,100 AED |
Payroll Benefits Coordinator | 10,300 AED |
Payroll Billing Manager | 18,400 AED |
Payroll Clerk | 7,700 AED |
Payroll Manager | 18,100 AED |
Payroll Officer | 8,350 AED |
Payroll Specialist | 9,590 AED |
Payroll Supervisor | 12,700 AED |
Pensions Administrator | 9,990 AED |
Personal Financial Advisor | 13,900 AED |
Pricing Analyst | 16,300 AED |
Private Equity Analyst | 17,900 AED |
Project Accountant | 10,200 AED |
Proposal Development Coordinator | 8,180 AED |
Quantitative Trader | 13,700 AED |
Receivables Accountant | 8,830 AED |
Regulatory Accountant | 10,100 AED |
Retirement Plan Analyst | 15,700 AED |
Revenue Management Specialist | 16,900 AED |
Revenue Recognition Analyst | 18,200 AED |
Risk Management Director | 23,400 AED |
Risk Management Supervisor | 19,700 AED |
Staff Accountant | 8,520 AED |
Tax Accountant | 8,840 AED |
Tax Administrator | 10,300 AED |
Tax Advisor | 15,600 AED |
Tax Analyst | 14,600 AED |
Tax Associate | 8,070 AED |
Tax Consultant | 15,800 AED |
Tax Director | 24,300 AED |
Tax Examiner | 10,200 AED |
Tax Manager | 21,000 AED |
Tax Research Manager | 19,700 AED |
Teller | 5,010 AED |
Treasury Accountant | 9,870 AED |
Treasury Analyst | 16,600 AED |
Underwriter | 6,400 AED |
Underwriting Assistant | 5,540 AED |
Vice President of Finance | 28,000 AED |
Accounting and Finance Jobs Pay Scale and Salaries in Ras Al Khaimah
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?
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. ”
Salary Comparison By Education
How does the education level affect your salary?
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
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
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.
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
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
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?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 BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
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
Abu Dhabi | 15,900 AED |
Ajman | 14,600 AED |
Al Ain | 15,000 AED |
Dubai | 16,300 AED |
Fujairah | 13,700 AED |
Ras Al Khaimah | 14,200 AED |
Sharjah | 15,500 AED |
Um Al Quiwain | 13,300 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