Bank Branch Manager Average Salary in Jeddah 2024
How much money does a person working as Bank Branch Manager make in Jeddah?
LOW
14,200
SAR AVERAGE
30,900
SAR HIGH
49,100
SAR
A person working as Bank Branch Manager in Jeddah typically earns around 30,900 SAR. Salaries range from 14,200 SAR (lowest) to 49,100 SAR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Branch Manager salaries in Jeddah vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Branch Manager Pay Scale and Salaries in Jeddah
Salary Structure and Pay Scale Comparison
29,300 SAR or more
25,600 to 29,300 SAR
17,700 SAR or less
17,700 to 25,600 SAR
 14,200 SAR |
29,500 SAR |
49,100 SAR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Bank Branch Manager in Jeddah range from 14,200 SAR (starting salary) to 49,100 SAR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 29,500 SAR, half of the professionals who work as Bank Branch Manager in Jeddah earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bank Branch Manager in Jeddah earn less than 23,800 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 34,000 SAR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bank Branch Manager in Jeddah compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 17,700 SAR to 25,600 SAR. About 20% of salaries are below the 17,700 SAR mark, while 10% fall within the range of 25,600 SAR to 29,300 SAR. Only 5% of individuals have salaries exceeding 29,300 SAR.
Salary Comparison by Years of Experience / Bank Branch Manager / Jeddah
How do experience and age affect pay?
| 0 - 2 Years | 16,100 SAR | |
| 2 - 5 Years | +34% | 21,500 SAR |
| 5 - 10 Years | +48% | 31,800 SAR |
| 10 - 15 Years | +22% | 38,800 SAR |
| 15 - 20 Years | +9% | 42,300 SAR |
| 20+ Years | +8% | 45,700 SAR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bank Branch Manager and this is what we found.
Employees with less than two years of experience earn approximately 16,100 SAR.
While someone with an experience level between two and five years is expected to earn 21,500 SAR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 31,800 SAR, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 38,800 SAR, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 42,300 SAR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 45,700 SAR, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Branch Manager / Jeddah
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Branch Manager.
| Bachelor's Degree | 18,700 SAR | |
| Master's Degree | +93% | 36,200 SAR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bank Branch Manager in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 18,700 SAR.
Level 2: Master's Degree
At this level, the average salary becomes 36,200 SAR, 93% more than the previous level.
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 Saudi Arabia costs anywhere from 83,800 SAR to 251,000 SAR 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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Bank Branch Manager / Jeddah
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bank Branch Manager in Saudi Arabia, the average difference between the salary of male and female employees is 9%.
| Male | 29,600 SAR | |
| Female | -8% | 27,200 SAR |
Salary Comparison By Gender in Saudi Arabia for all Careers
Average Annual Salary Increment Percentage / Bank Branch Manager / Jeddah
How much are annual salary increments in Jeddah for individuals working as Bank Branch Manager? How often do employees get salary raises?
Individuals working as Bank Branch Manager in Saudi Arabia 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.
Saudi Arabia / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Bank Branch Manager / Saudi Arabia
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/banking/bank-branch-manager/annual-salary-bonus-rate-saudi-arabia-bank-branch-manager.jpg
100% of surveyed staff 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: | Example: |
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.
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.
Average Hourly Wage / Bank Branch Manager / Jeddah
180 SAR per hourThe average hourly wage (pay per hour) for individuals working as Bank Branch Manager in Jeddah is 180 SAR.This is the rate they get paid for every worked hour.
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 as Bank Branch Manager in Jeddah is 82 SAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 26,300 SAR | -15% |
| Assistant Bank Branch Manager | 23,800 SAR | -23% |
| Assistant Bank Manager | 31,200 SAR |  +1% |
| ATM Manager | 25,100 SAR | -19% |
| ATM Service Technician | 7,270 SAR | -76% |
| Bank Accounts Analyst | 9,840 SAR | -68% |
| Bank Accounts Collector | 6,340 SAR | -79% |
| Bank Accounts Controller | 12,800 SAR | -59% |
| Bank Accounts Executive | 19,900 SAR | -35% |
| Bank Accounts Manager | 22,000 SAR | -29% |
| Bank Auditing Manager | 22,300 SAR | -28% |
| Bank Branch Manager | 30,900 SAR | +0% |
| Bank Branch Operations Coordinator | 14,200 SAR | -54% |
| Bank Clerk | 5,660 SAR | -82% |
| Bank Client Service Associate | 8,200 SAR | -73% |
| Bank Collector | 6,150 SAR | -80% |
| Bank Compliance Specialist | 16,300 SAR | -47% |
| Bank Manager | 35,000 SAR | +13% |
| Bank Operational Risk Manager | 34,400 SAR | +12% |
| Bank Operations Head | 35,700 SAR | +16% |
| Bank Operations Officer | 14,800 SAR | -52% |
| Bank Operations Specialist | 23,000 SAR | -25% |
| Bank Process Manager | 19,500 SAR | -37% |
| Bank Product Manager | 23,900 SAR | -23% |
| Bank Programme Manager | 25,900 SAR | -16% |
| Bank Project Manager | 29,900 SAR | -3% |
| Bank Propositions Manager | 25,700 SAR | -17% |
| Bank Quantitative Analyst | 17,900 SAR | -42% |
| Bank Regional Manager | 36,700 SAR | +19% |
| Bank Regional Risk Officer | 18,200 SAR | -41% |
| Bank Relationship Manager | 28,300 SAR | -8% |
| Bank Relationship Officer | 12,600 SAR | -59% |
| Bank Sustainability Analyst | 21,500 SAR | -30% |
| Bank Teller | 6,140 SAR | -80% |
| Banker | 12,400 SAR | -60% |
| Banking Business Analyst | 19,200 SAR | -38% |
| Banking Business Development Officer | 11,900 SAR | -61% |
| Banking Business Planning Executive | 26,000 SAR | -16% |
| Banking Data Analyst | 21,000 SAR | -32% |
| Banking Product Manager | 22,500 SAR | -27% |
| Banking Reference Data Manager | 20,500 SAR | -34% |
| Banking Regulatory Compliance Officer | 22,700 SAR | -26% |
| Banking Risk Analyst | 17,900 SAR | -42% |
| Banking Technical Analyst | 9,980 SAR | -68% |
| Bankruptcy Coordinator | 13,000 SAR | -58% |
| Bill and Account Collector | 6,570 SAR | -79% |
| Blockchain Analyst | 16,700 SAR | -46% |
| Blockchain Architect | 18,500 SAR | -40% |
| Blockchain Auditor | 17,200 SAR | -44% |
| Blockchain Compliance Analyst | 16,900 SAR | -45% |
| Blockchain Consultant | 18,700 SAR | -39% |
| Blockchain Trade Facilitator | 15,500 SAR | -50% |
| Budget Analyst | 18,700 SAR | -39% |
| Capital Risk Manager | 36,700 SAR | +19% |
| Cards Marketing Manager | 23,200 SAR | -25% |
| Cash Management Manager | 31,500 SAR | +2% |
| Check Processing Manager | 24,600 SAR | -20% |
| Chief Blockchain Officer | 20,700 SAR | -33% |
| Commercial Vault Associate | 18,900 SAR | -39% |
| Corporate Banker | 13,000 SAR | -58% |
| Corporate Dealer | 19,900 SAR | -35% |
| Credit Analyst | 14,100 SAR | -54% |
| Credit and Collections Manager | 25,700 SAR | -17% |
| Credit Card Fraud Investigator | 18,700 SAR | -39% |
| Credit Portfolio Manager | 35,800 SAR | +16% |
| Credit Risk Analyst | 21,100 SAR | -32% |
| Credit Risk Associate | 20,300 SAR | -34% |
| Cryptocurrency Accountant | 12,300 SAR | -60% |
| Cryptocurrency Adviser | 22,700 SAR | -26% |
| Cryptocurrency Analyst | 17,900 SAR | -42% |
| Cryptocurrency Compliance Manager | 21,100 SAR | -32% |
| Cryptocurrency Trader | 19,900 SAR | -35% |
| Digital Banking Manager | 24,500 SAR | -21% |
| Digital Currency Analyst | 19,000 SAR | -38% |
| Direct Bank Sales Representative | 13,500 SAR | -56% |
| Exchange Control Consultant | 19,400 SAR | -37% |
| Executive Account Analyst | 19,200 SAR | -38% |
| Financial Bank Planning Consultant | 23,200 SAR | -25% |
| Financial Banking Analysis Manager | 28,200 SAR | -9% |
| Financial Banking Assistant | 8,680 SAR | -72% |
| Financial Banking Systems Manager | 26,100 SAR | -15% |
| Foreign Exchange Manager | 26,600 SAR | -14% |
| Fraud Analyst | 19,400 SAR | -37% |
| Fraud Detection Associate | 13,900 SAR | -55% |
| Fraud Detection Manager | 30,000 SAR | -3% |
| Fraud Detection Supervisor | 15,900 SAR | -48% |
| Internal Bank Audit Manager | 33,300 SAR | +8% |
| Internal Bank Auditor | 18,700 SAR | -39% |
| Internal Private Banker | 14,200 SAR | -54% |
| International Banking Manager | 37,500 SAR | +22% |
| Investment Banking Analyst | 27,600 SAR | -11% |
| Loan Analyst | 18,800 SAR | -39% |
| Loan Area Manager | 22,000 SAR | -29% |
| Loan Audit Team Leader | 20,600 SAR | -33% |
| Loan Branch Manager | 21,400 SAR | -31% |
| Loan Business Development Officer | 11,000 SAR | -64% |
| Loan Clerk | 6,770 SAR | -78% |
| Loan Collection and Recovery Manager | 23,000 SAR | -25% |
| Loan Collection Manager | 21,800 SAR | -29% |
| Loan Collector | 5,960 SAR | -81% |
| Loan Examiner | 8,370 SAR | -73% |
| Loan Officer | 7,020 SAR | -77% |
| Loan Processing Manager | 19,700 SAR | -36% |
| Loan Processor | 8,650 SAR | -72% |
| Loan Quality Assurance Auditor | 18,500 SAR | -40% |
| Loan Quality Assurance Manager | 21,700 SAR | -30% |
| Loan Quality Assurance Representative | 13,700 SAR | -56% |
| Loan Review Manager | 21,800 SAR | -29% |
| Loan Team Leader | 18,600 SAR | -40% |
| Loans Manager | 24,700 SAR | -20% |
| Mortgage Advisor | 13,400 SAR | -57% |
| Mortgage Collection Manager | 21,600 SAR | -30% |
| Mortgage Collector | 6,340 SAR | -79% |
| Mortgage Credit Analyst | 9,810 SAR | -68% |
| Mortgage Credit Manager | 21,700 SAR | -30% |
| Mortgage Development Manager | 23,700 SAR | -23% |
| Mortgage Document Reviewer | 8,480 SAR | -73% |
| Mortgage Funding Manager | 24,000 SAR | -22% |
| Mortgage Operations Manager | 33,900 SAR | +10% |
| Mortgage Payment Processing Clerk | 7,110 SAR | -77% |
| Mortgage Processing Manager | 22,300 SAR | -28% |
| Mortgage Processor | 8,350 SAR | -73% |
| Mortgage Quality Assurance Auditor | 19,400 SAR | -37% |
| Mortgage Quality Assurance Manager | 21,100 SAR | -32% |
| Mortgage Servicing Clerk | 6,790 SAR | -78% |
| Mortgage Servicing Manager | 20,500 SAR | -34% |
| Mortgage Underwriter | 8,300 SAR | -73% |
| Online Banking Manager | 33,600 SAR | +9% |
| Open Banking Strategist | 19,900 SAR | -35% |
| Payment Processing Clerk | 6,520 SAR | -79% |
| Personal Banker | 13,400 SAR | -57% |
| Personal Banking Advisor | 14,000 SAR | -55% |
| Phone Banker | 8,790 SAR | -72% |
| Private Banker | 14,000 SAR | -55% |
| Reconciliation and Investigation Specialist | 16,100 SAR | -48% |
| Tax Officer | 11,100 SAR | -64% |
| Teller | 6,290 SAR | -80% |
| Trade Officer | 7,620 SAR | -75% |
| Trade Product Manager | 23,000 SAR | -25% |
| Trader | 9,160 SAR | -70% |
| Treasury Operations Officer | 16,800 SAR | -46% |
| Wealth Management Advisor | 27,100 SAR | -12% |
Salary Comparison By City
| City | Average Salary |
| Jeddah | 30,900 SAR |
| Riyadh | 31,500 SAR |
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 Saudi Arabia is 7% on average across all career fields.
| Private Sector | 16,100 SAR | |
| Public Sector | +7% | 17,300 SAR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Branch Manager in Jeddah?
A good and competitive compensation would range anywhere between 29,500 SAR and 34,000 SAR. 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 a careers like Bank Branch Manager in Jeddah ranges from 14,200 SAR to 23,800 SAR. 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
