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Bank Branch Manager Average Salary in Riyadh 2023

How much money does a person working as Bank Branch Manager make in Riyadh?

Average Monthly Salary
31,500 SAR
( 378,000 SAR yearly)

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 as Bank Branch Manager in Riyadh typically earns around 31,500 SAR. Salaries range from 17,000 SAR (lowest) to 47,600 SAR (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Bank Branch Manager salaries in Riyadh 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 Riyadh

Median and salary distribution Riyadh Bank Branch Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
28,100 SAR or more
10% of people earn
25,100 to 28,100 SAR
20% of people earn
18,700 SAR or less
65% of people earn
18,700 to 25,100 SAR
Minimum Salary
17,000 SAR
28,200 SAR
47,600 SAR

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 for the position Bank Branch Manager in Riyadh range from 17,000 SAR (starting salary) to 47,600 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 28,200 SAR, half of the professionals who work as Bank Branch Manager in Riyadh 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 Riyadh earn less than 23,600 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 31,800 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 Riyadh compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 18,700 SAR to 25,100 SAR. About 20% of salaries are below the 18,700 SAR mark, while 10% fall within the range of 25,100 SAR to 28,100 SAR. Only 5% of individuals have salaries exceeding 28,100 SAR.

Salary Comparison by Years of Experience / Bank Branch Manager / Riyadh

How do experience and age affect pay?

0 - 2 Years
19,800 SAR
2 - 5 Years+26%
25,000 SAR
5 - 10 Years+32%
32,900 SAR
10 - 15 Years+18%
38,700 SAR
15 - 20 Years+11%
42,900 SAR
20+ Years+6%
45,600 SAR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Riyadh Bank Branch Manager
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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. We broke down salaries by experience level for people working as Bank Branch Manager and this is what we found.

All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 19,800 SAR.

While someone with an experience level between two and five years is expected to earn 25,000 SAR, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 32,900 SAR, 32% 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 38,700 SAR, 18% 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 42,900 SAR, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 45,600 SAR, 6% more than people with fifteen to twenty years of experience.

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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Branch Manager / Riyadh

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
25,600 SAR
Master's Degree+53%
39,000 SAR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Riyadh Bank Branch Manager
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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 25,600 SAR.

Level 2: Master's Degree

At this level, the average salary becomes 39,000 SAR, 53% 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Branch Manager / Riyadh

Salary comparison by gender Saudi Arabia Bank Branch Manager 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? 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%.

29,600 SAR
27,200 SAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Saudi Arabia for all Careers

Salary comparison by gender monthly Saudi Arabia
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Average Annual Salary Increment Percentage / Bank Branch Manager / Riyadh

How much are annual salary increments in Riyadh 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.

Annual Salary Increment Rate Saudi Arabia Bank Branch Manager
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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.

Saudi Arabia / All Professions

Annual Salary Increment Rate Saudi Arabia
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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 Saudi Arabia is 6%.

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 / Bank Branch Manager / Saudi Arabia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saudi Arabia Bank Branch Manager
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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

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.

A graphics designer working for a graphics designing company.

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.

Average Hourly Wage / Bank Branch Manager / Riyadh

180 SAR per hour

The average hourly wage (pay per hour) for individuals working as Bank Branch Manager in Riyadh is 180 SAR.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 as Bank Branch Manager in Riyadh is 98 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 TitleAverage Salary
AML Analyst27,100 SAR-14%
Assistant Bank Branch Manager22,000 SAR-30%
Assistant Bank Manager28,900 SAR-8%
ATM Manager25,700 SAR-18%
ATM Service Technician6,740 SAR-79%
Bank Accounts Analyst9,730 SAR-69%
Bank Accounts Collector6,300 SAR-80%
Bank Accounts Controller13,100 SAR-58%
Bank Accounts Executive18,500 SAR-41%
Bank Accounts Manager22,600 SAR-28%
Bank Auditing Manager22,800 SAR-28%
Bank Branch Manager31,500 SAR-0%
Bank Branch Operations Coordinator13,200 SAR-58%
Bank Clerk5,740 SAR-82%
Bank Client Service Associate8,540 SAR-73%
Bank Collector6,300 SAR-80%
Bank Compliance Specialist16,500 SAR-48%
Bank Manager36,800 SAR+17%
Bank Operational Risk Manager36,500 SAR+16%
Bank Operations Head37,600 SAR+19%
Bank Operations Officer14,000 SAR-56%
Bank Operations Specialist21,800 SAR-31%
Bank Process Manager20,700 SAR-34%
Bank Product Manager 22,700 SAR-28%
Bank Programme Manager24,000 SAR-24%
Bank Project Manager29,700 SAR-6%
Bank Propositions Manager25,200 SAR-20%
Bank Quantitative Analyst18,600 SAR-41%
Bank Regional Manager36,400 SAR+16%
Bank Regional Risk Officer18,500 SAR-41%
Bank Relationship Manager28,100 SAR-11%
Bank Relationship Officer12,600 SAR-60%
Bank Sustainability Analyst21,600 SAR-31%
Bank Teller6,240 SAR-80%
Banker13,100 SAR-58%
Banking Business Analyst19,500 SAR-38%
Banking Business Development Officer12,100 SAR-62%
Banking Business Planning Executive26,200 SAR-17%
Banking Data Analyst21,100 SAR-33%
Banking Product Manager23,900 SAR-24%
Banking Reference Data Manager21,000 SAR-33%
Banking Regulatory Compliance Officer22,800 SAR-28%
Banking Risk Analyst19,000 SAR-40%
Banking Technical Analyst9,730 SAR-69%
Bankruptcy Coordinator13,700 SAR-57%
Bill and Account Collector6,490 SAR-79%
Blockchain Analyst16,500 SAR-48%
Blockchain Architect18,200 SAR-42%
Blockchain Auditor16,900 SAR-46%
Blockchain Compliance Analyst16,600 SAR-47%
Blockchain Consultant18,300 SAR-42%
Blockchain Trade Facilitator15,100 SAR-52%
Budget Analyst19,000 SAR-40%
Capital Risk Manager36,500 SAR+16%
Cards Marketing Manager23,000 SAR-27%
Cash Management Manager32,100 SAR+2%
Check Processing Manager25,000 SAR-21%
Chief Blockchain Officer21,600 SAR-31%
Commercial Vault Associate18,800 SAR-40%
Corporate Banker13,200 SAR-58%
Corporate Dealer20,000 SAR-37%
Credit Analyst14,200 SAR-55%
Credit and Collections Manager26,000 SAR-17%
Credit Card Fraud Investigator18,900 SAR-40%
Credit Portfolio Manager34,200 SAR+9%
Credit Risk Analyst20,500 SAR-35%
Credit Risk Associate19,500 SAR-38%
Cryptocurrency Accountant11,600 SAR-63%
Cryptocurrency Adviser23,800 SAR-24%
Cryptocurrency Analyst16,900 SAR-46%
Cryptocurrency Compliance Manager22,100 SAR-30%
Cryptocurrency Trader18,800 SAR-40%
Digital Banking Manager24,700 SAR-22%
Digital Currency Analyst19,000 SAR-40%
Direct Bank Sales Representative13,700 SAR-57%
Exchange Control Consultant19,300 SAR-39%
Executive Account Analyst18,900 SAR-40%
Financial Bank Planning Consultant23,500 SAR-25%
Financial Banking Analysis Manager28,400 SAR-10%
Financial Banking Assistant8,730 SAR-72%
Financial Banking Systems Manager26,300 SAR-17%
Foreign Exchange Manager26,700 SAR-15%
Fraud Analyst20,500 SAR-35%
Fraud Detection Associate13,900 SAR-56%
Fraud Detection Manager28,400 SAR-10%
Fraud Detection Supervisor16,000 SAR-49%
Internal Bank Audit Manager33,300 SAR+6%
Internal Bank Auditor18,600 SAR-41%
Internal Private Banker13,900 SAR-56%
International Banking Manager37,400 SAR+19%
Investment Banking Analyst27,800 SAR-12%
Loan Analyst18,100 SAR-43%
Loan Area Manager23,400 SAR-26%
Loan Audit Team Leader21,900 SAR-31%
Loan Branch Manager20,600 SAR-35%
Loan Business Development Officer11,700 SAR-63%
Loan Clerk6,490 SAR-79%
Loan Collection and Recovery Manager22,000 SAR-30%
Loan Collection Manager23,100 SAR-27%
Loan Collector6,300 SAR-80%
Loan Examiner7,980 SAR-75%
Loan Officer6,990 SAR-78%
Loan Processing Manager20,700 SAR-34%
Loan Processor8,230 SAR-74%
Loan Quality Assurance Auditor19,500 SAR-38%
Loan Quality Assurance Manager20,600 SAR-35%
Loan Quality Assurance Representative14,400 SAR-54%
Loan Review Manager20,700 SAR-34%
Loan Team Leader19,500 SAR-38%
Loans Manager24,500 SAR-22%
Mortgage Advisor12,700 SAR-60%
Mortgage Collection Manager22,600 SAR-28%
Mortgage Collector5,990 SAR-81%
Mortgage Credit Analyst10,200 SAR-68%
Mortgage Credit Manager20,500 SAR-35%
Mortgage Development Manager24,700 SAR-22%
Mortgage Document Reviewer7,980 SAR-75%
Mortgage Funding Manager25,000 SAR-21%
Mortgage Operations Manager31,700 SAR+1%
Mortgage Payment Processing Clerk7,350 SAR-77%
Mortgage Processing Manager21,000 SAR-33%
Mortgage Processor8,670 SAR-72%
Mortgage Quality Assurance Auditor18,100 SAR-43%
Mortgage Quality Assurance Manager21,800 SAR-31%
Mortgage Servicing Clerk6,360 SAR-80%
Mortgage Servicing Manager21,300 SAR-32%
Mortgage Underwriter7,730 SAR-75%
Online Banking Manager33,500 SAR+6%
Open Banking Strategist20,000 SAR-37%
Payment Processing Clerk6,490 SAR-79%
Personal Banker13,200 SAR-58%
Personal Banking Advisor 14,200 SAR-55%
Phone Banker8,780 SAR-72%
Private Banker13,900 SAR-56%
Reconciliation and Investigation Specialist15,000 SAR-52%
Tax Officer11,000 SAR-65%
Teller6,240 SAR-80%
Trade Officer7,880 SAR-75%
Trade Product Manager21,500 SAR-32%
Trader9,460 SAR-70%
Treasury Operations Officer17,100 SAR-46%
Wealth Management Advisor26,700 SAR-15%

Salary Comparison By City

CityAverage Salary
Jeddah30,900 SAR
Riyadh31,500 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
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 for the job title Bank Branch Manager in Riyadh?

A good and competitive compensation would range anywhere between 28,200 SAR and 31,800 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 Riyadh ranges from 17,000 SAR to 23,600 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

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