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).
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.
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.
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.
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.
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.
|0 - 2 Years|
|2 - 5 Years||+26%|
|5 - 10 Years||+32%|
|10 - 15 Years||+18%|
|15 - 20 Years||+11%|
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 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.
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.
Employees at this education level have an average salary of 25,600 SAR.
At this level, the average salary becomes 39,000 SAR, 53% more than the previous level.
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.
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%.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
|Job Title||Average Salary|
|AML Analyst||27,100 SAR||-14%|
|Assistant Bank Branch Manager||22,000 SAR||-30%|
|Assistant Bank Manager||28,900 SAR||-8%|
|ATM Manager||25,700 SAR||-18%|
|ATM Service Technician||6,740 SAR||-79%|
|Bank Accounts Analyst||9,730 SAR||-69%|
|Bank Accounts Collector||6,300 SAR||-80%|
|Bank Accounts Controller||13,100 SAR||-58%|
|Bank Accounts Executive||18,500 SAR||-41%|
|Bank Accounts Manager||22,600 SAR||-28%|
|Bank Auditing Manager||22,800 SAR||-28%|
|Bank Branch Manager||31,500 SAR||-0%|
|Bank Branch Operations Coordinator||13,200 SAR||-58%|
|Bank Clerk||5,740 SAR||-82%|
|Bank Client Service Associate||8,540 SAR||-73%|
|Bank Collector||6,300 SAR||-80%|
|Bank Compliance Specialist||16,500 SAR||-48%|
|Bank Manager||36,800 SAR||+17%|
|Bank Operational Risk Manager||36,500 SAR||+16%|
|Bank Operations Head||37,600 SAR||+19%|
|Bank Operations Officer||14,000 SAR||-56%|
|Bank Operations Specialist||21,800 SAR||-31%|
|Bank Process Manager||20,700 SAR||-34%|
|Bank Product Manager||22,700 SAR||-28%|
|Bank Programme Manager||24,000 SAR||-24%|
|Bank Project Manager||29,700 SAR||-6%|
|Bank Propositions Manager||25,200 SAR||-20%|
|Bank Quantitative Analyst||18,600 SAR||-41%|
|Bank Regional Manager||36,400 SAR||+16%|
|Bank Regional Risk Officer||18,500 SAR||-41%|
|Bank Relationship Manager||28,100 SAR||-11%|
|Bank Relationship Officer||12,600 SAR||-60%|
|Bank Sustainability Analyst||21,600 SAR||-31%|
|Bank Teller||6,240 SAR||-80%|
|Banking Business Analyst||19,500 SAR||-38%|
|Banking Business Development Officer||12,100 SAR||-62%|
|Banking Business Planning Executive||26,200 SAR||-17%|
|Banking Data Analyst||21,100 SAR||-33%|
|Banking Product Manager||23,900 SAR||-24%|
|Banking Reference Data Manager||21,000 SAR||-33%|
|Banking Regulatory Compliance Officer||22,800 SAR||-28%|
|Banking Risk Analyst||19,000 SAR||-40%|
|Banking Technical Analyst||9,730 SAR||-69%|
|Bankruptcy Coordinator||13,700 SAR||-57%|
|Bill and Account Collector||6,490 SAR||-79%|
|Blockchain Analyst||16,500 SAR||-48%|
|Blockchain Architect||18,200 SAR||-42%|
|Blockchain Auditor||16,900 SAR||-46%|
|Blockchain Compliance Analyst||16,600 SAR||-47%|
|Blockchain Consultant||18,300 SAR||-42%|
|Blockchain Trade Facilitator||15,100 SAR||-52%|
|Budget Analyst||19,000 SAR||-40%|
|Capital Risk Manager||36,500 SAR||+16%|
|Cards Marketing Manager||23,000 SAR||-27%|
|Cash Management Manager||32,100 SAR||+2%|
|Check Processing Manager||25,000 SAR||-21%|
|Chief Blockchain Officer||21,600 SAR||-31%|
|Commercial Vault Associate||18,800 SAR||-40%|
|Corporate Banker||13,200 SAR||-58%|
|Corporate Dealer||20,000 SAR||-37%|
|Credit Analyst||14,200 SAR||-55%|
|Credit and Collections Manager||26,000 SAR||-17%|
|Credit Card Fraud Investigator||18,900 SAR||-40%|
|Credit Portfolio Manager||34,200 SAR||+9%|
|Credit Risk Analyst||20,500 SAR||-35%|
|Credit Risk Associate||19,500 SAR||-38%|
|Cryptocurrency Accountant||11,600 SAR||-63%|
|Cryptocurrency Adviser||23,800 SAR||-24%|
|Cryptocurrency Analyst||16,900 SAR||-46%|
|Cryptocurrency Compliance Manager||22,100 SAR||-30%|
|Cryptocurrency Trader||18,800 SAR||-40%|
|Digital Banking Manager||24,700 SAR||-22%|
|Digital Currency Analyst||19,000 SAR||-40%|
|Direct Bank Sales Representative||13,700 SAR||-57%|
|Exchange Control Consultant||19,300 SAR||-39%|
|Executive Account Analyst||18,900 SAR||-40%|
|Financial Bank Planning Consultant||23,500 SAR||-25%|
|Financial Banking Analysis Manager||28,400 SAR||-10%|
|Financial Banking Assistant||8,730 SAR||-72%|
|Financial Banking Systems Manager||26,300 SAR||-17%|
|Foreign Exchange Manager||26,700 SAR||-15%|
|Fraud Analyst||20,500 SAR||-35%|
|Fraud Detection Associate||13,900 SAR||-56%|
|Fraud Detection Manager||28,400 SAR||-10%|
|Fraud Detection Supervisor||16,000 SAR||-49%|
|Internal Bank Audit Manager||33,300 SAR||+6%|
|Internal Bank Auditor||18,600 SAR||-41%|
|Internal Private Banker||13,900 SAR||-56%|
|International Banking Manager||37,400 SAR||+19%|
|Investment Banking Analyst||27,800 SAR||-12%|
|Loan Analyst||18,100 SAR||-43%|
|Loan Area Manager||23,400 SAR||-26%|
|Loan Audit Team Leader||21,900 SAR||-31%|
|Loan Branch Manager||20,600 SAR||-35%|
|Loan Business Development Officer||11,700 SAR||-63%|
|Loan Clerk||6,490 SAR||-79%|
|Loan Collection and Recovery Manager||22,000 SAR||-30%|
|Loan Collection Manager||23,100 SAR||-27%|
|Loan Collector||6,300 SAR||-80%|
|Loan Examiner||7,980 SAR||-75%|
|Loan Officer||6,990 SAR||-78%|
|Loan Processing Manager||20,700 SAR||-34%|
|Loan Processor||8,230 SAR||-74%|
|Loan Quality Assurance Auditor||19,500 SAR||-38%|
|Loan Quality Assurance Manager||20,600 SAR||-35%|
|Loan Quality Assurance Representative||14,400 SAR||-54%|
|Loan Review Manager||20,700 SAR||-34%|
|Loan Team Leader||19,500 SAR||-38%|
|Loans Manager||24,500 SAR||-22%|
|Mortgage Advisor||12,700 SAR||-60%|
|Mortgage Collection Manager||22,600 SAR||-28%|
|Mortgage Collector||5,990 SAR||-81%|
|Mortgage Credit Analyst||10,200 SAR||-68%|
|Mortgage Credit Manager||20,500 SAR||-35%|
|Mortgage Development Manager||24,700 SAR||-22%|
|Mortgage Document Reviewer||7,980 SAR||-75%|
|Mortgage Funding Manager||25,000 SAR||-21%|
|Mortgage Operations Manager||31,700 SAR||+1%|
|Mortgage Payment Processing Clerk||7,350 SAR||-77%|
|Mortgage Processing Manager||21,000 SAR||-33%|
|Mortgage Processor||8,670 SAR||-72%|
|Mortgage Quality Assurance Auditor||18,100 SAR||-43%|
|Mortgage Quality Assurance Manager||21,800 SAR||-31%|
|Mortgage Servicing Clerk||6,360 SAR||-80%|
|Mortgage Servicing Manager||21,300 SAR||-32%|
|Mortgage Underwriter||7,730 SAR||-75%|
|Online Banking Manager||33,500 SAR||+6%|
|Open Banking Strategist||20,000 SAR||-37%|
|Payment Processing Clerk||6,490 SAR||-79%|
|Personal Banker||13,200 SAR||-58%|
|Personal Banking Advisor||14,200 SAR||-55%|
|Phone Banker||8,780 SAR||-72%|
|Private Banker||13,900 SAR||-56%|
|Reconciliation and Investigation Specialist||15,000 SAR||-52%|
|Tax Officer||11,000 SAR||-65%|
|Trade Officer||7,880 SAR||-75%|
|Trade Product Manager||21,500 SAR||-32%|
|Treasury Operations Officer||17,100 SAR||-46%|
|Wealth Management Advisor||26,700 SAR||-15%|
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.
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.
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.
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.
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