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Banking Average Salaries in Doha 2024

How much money does a person working in Banking make in Doha?


Average Monthly Salary
17,900 QAR
( 215,000 QAR yearly)

LOW
5,600
QAR
AVERAGE
17,900
QAR
HIGH
36,500
QAR
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 Banking in Doha typically earns around 17,900 QAR. Salaries range from 5,600 QAR (lowest average) to 36,500 QAR (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 Banking domain in Doha 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
Banking
AML Analyst26,600 QAR
Assistant Bank Branch Manager22,100 QAR
Assistant Bank Manager27,800 QAR
ATM Manager24,100 QAR
ATM Service Technician6,790 QAR
Bank Accounts Analyst9,970 QAR
Bank Accounts Collector5,700 QAR
Bank Accounts Controller12,300 QAR
Bank Accounts Executive18,700 QAR
Bank Accounts Manager22,200 QAR
Bank Auditing Manager22,400 QAR
Bank Branch Manager29,400 QAR
Bank Branch Operations Coordinator13,400 QAR
Bank Clerk6,020 QAR
Bank Client Service Associate8,500 QAR
Bank Collector5,900 QAR
Bank Compliance Specialist15,300 QAR
Bank Manager35,200 QAR
Bank Operational Risk Manager35,300 QAR
Bank Operations Head34,300 QAR
Bank Operations Officer14,300 QAR
Bank Operations Specialist22,500 QAR
Bank Process Manager19,200 QAR
Bank Product Manager 22,400 QAR
Bank Programme Manager24,100 QAR
Bank Project Manager26,900 QAR
Bank Propositions Manager24,300 QAR
Bank Quantitative Analyst18,500 QAR
Bank Regional Manager37,500 QAR
Bank Regional Risk Officer18,400 QAR
Bank Relationship Manager25,400 QAR
Bank Relationship Officer11,500 QAR
Bank Sustainability Analyst20,800 QAR
Bank Teller6,240 QAR
Banker12,600 QAR
Banking Business Analyst18,600 QAR
Banking Business Development Officer11,200 QAR
Banking Business Planning Executive26,000 QAR
Banking Data Analyst21,900 QAR
Banking Product Manager23,100 QAR
Banking Reference Data Manager19,700 QAR
Banking Regulatory Compliance Officer20,800 QAR
Banking Risk Analyst18,500 QAR
Banking Technical Analyst9,350 QAR
Bankruptcy Coordinator12,400 QAR
Bill and Account Collector6,310 QAR
Blockchain Analyst16,300 QAR
Blockchain Architect17,600 QAR
Blockchain Auditor16,000 QAR
Blockchain Compliance Analyst16,900 QAR
Blockchain Consultant18,100 QAR
Blockchain Trade Facilitator14,500 QAR
Budget Analyst18,600 QAR
Capital Risk Manager33,000 QAR
Cards Marketing Manager23,500 QAR
Cash Management Manager32,100 QAR
Check Processing Manager24,300 QAR
Chief Blockchain Officer19,600 QAR
Commercial Vault Associate17,100 QAR
Corporate Banker13,200 QAR
Corporate Dealer18,300 QAR
Credit Analyst14,200 QAR
Credit and Collections Manager25,200 QAR
Credit Card Fraud Investigator19,800 QAR
Credit Portfolio Manager33,800 QAR
Credit Risk Analyst20,600 QAR
Credit Risk Associate19,500 QAR
Cryptocurrency Accountant12,000 QAR
Cryptocurrency Adviser21,600 QAR
Cryptocurrency Analyst16,600 QAR
Cryptocurrency Compliance Manager21,100 QAR
Cryptocurrency Trader19,400 QAR
Digital Banking Manager25,700 QAR
Digital Currency Analyst17,300 QAR
Direct Bank Sales Representative12,600 QAR
Exchange Control Consultant19,000 QAR
Executive Account Analyst18,800 QAR
Financial Bank Planning Consultant23,400 QAR
Financial Banking Analysis Manager27,400 QAR
Financial Banking Assistant9,090 QAR
Financial Banking Systems Manager24,100 QAR
Foreign Exchange Manager26,400 QAR
Fraud Analyst19,700 QAR
Fraud Detection Associate13,400 QAR
Fraud Detection Manager27,900 QAR
Fraud Detection Supervisor16,600 QAR
Internal Bank Audit Manager32,800 QAR
Internal Bank Auditor17,900 QAR
Internal Private Banker13,800 QAR
International Banking Manager38,600 QAR
Investment Banking Analyst25,600 QAR
Loan Analyst18,900 QAR
Loan Area Manager22,700 QAR
Loan Audit Team Leader21,200 QAR
Loan Branch Manager21,500 QAR
Loan Business Development Officer10,800 QAR
Loan Clerk6,440 QAR
Loan Collection and Recovery Manager22,800 QAR
Loan Collection Manager22,300 QAR
Loan Collector5,780 QAR
Loan Examiner7,890 QAR
Loan Officer6,850 QAR
Loan Processing Manager20,000 QAR
Loan Processor8,540 QAR
Loan Quality Assurance Auditor17,800 QAR
Loan Quality Assurance Manager20,300 QAR
Loan Quality Assurance Representative13,800 QAR
Loan Review Manager21,400 QAR
Loan Team Leader17,700 QAR
Loans Manager25,100 QAR
Mortgage Advisor12,500 QAR
Mortgage Collection Manager21,600 QAR
Mortgage Collector6,160 QAR
Mortgage Credit Analyst9,270 QAR
Mortgage Credit Manager20,000 QAR
Mortgage Development Manager23,500 QAR
Mortgage Document Reviewer8,180 QAR
Mortgage Funding Manager24,900 QAR
Mortgage Operations Manager30,700 QAR
Mortgage Payment Processing Clerk6,930 QAR
Mortgage Processing Manager20,400 QAR
Mortgage Processor8,200 QAR
Mortgage Quality Assurance Auditor18,400 QAR
Mortgage Quality Assurance Manager21,500 QAR
Mortgage Servicing Clerk6,490 QAR
Mortgage Servicing Manager21,100 QAR
Mortgage Underwriter7,460 QAR
Online Banking Manager30,400 QAR
Open Banking Strategist18,200 QAR
Payment Processing Clerk6,360 QAR
Personal Banker13,500 QAR
Personal Banking Advisor 13,000 QAR
Phone Banker8,650 QAR
Private Banker13,300 QAR
Reconciliation and Investigation Specialist14,400 QAR
Tax Officer11,200 QAR
Teller6,090 QAR
Trade Officer7,430 QAR
Trade Product Manager21,800 QAR
Trader9,350 QAR
Treasury Operations Officer15,800 QAR
Wealth Management Advisor25,900 QAR


Banking Jobs Pay Scale and Salaries in Doha

Median and salary distribution Doha Banking monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
18,000 QAR or more
10% of people earn
14,900 to 18,000 QAR
20% of people earn
8,080 QAR or less
65% of people earn
8,080 to 14,900 QAR
Minimum Salary
5,600 QAR
Median
16,100 QAR
Maximum
36,500 QAR




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 Banking in Doha range from 5,600 QAR (starting average salary) to 36,500 QAR (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 Banking is 16,100 QAR, implying that half of the workforce in Doha 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 Banking in Doha earn less than 12,000 QAR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 19,800 QAR, 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 Banking in Doha. The analysis revealed that roughly 65% of all reported salaries fell within the range of 8,080 QAR to 14,900 QAR. Approximately 20% of salaries were below the 8,080 QAR mark, while 10% ranged from 14,900 QAR to 18,000 QAR. Only 5% of individuals earned a gross salary of 18,000 QAR or higher.

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 in Banking in Doha 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
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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 Banking in Doha, 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 Qatar costs anywhere from 78,700 QAR to 236,000 QAR 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 / Banking / Doha

Salary comparison by gender Qatar Banking monthly
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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? In the field of Banking in Qatar, the average difference between the salary of male and female employees is 10%.

Male
17,800 QAR
Female-9%
16,200 QAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Qatar for all Careers

Salary comparison by gender monthly Qatar
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Average Annual Salary Increment Percentage / Banking / Doha

How much are annual salary increments in Doha for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Qatar are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Qatar 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.

Qatar / All Professions

Annual Salary Increment Rate Qatar
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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 Qatar is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Banking / Qatar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Qatar Banking
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100% of surveyed staff in Banking 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 / Banking / Doha


100 QAR per hour

The average hourly wage (pay per hour) in Banking in Doha is 100 QAR.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 Banking in Doha is 32 QAR. 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
Doha17,900 QAR

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 Qatar is 5% on average across all career fields.

Private Sector
15,300 QAR
Public Sector+5%
16,100 QAR
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 Banking in Doha?

A good and competitive compensation would range anywhere between 16,100 QAR and 19,800 QAR. 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 Banking in Doha ranges from 5,600 QAR to 12,000 QAR. 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


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