Risk Analyst Average Salary in Riyadh 2024
How much money does a person working as Risk Analyst make in Riyadh?
LOW
10,400
SAR AVERAGE
19,700
SAR HIGH
29,900
SAR
A person working as Risk Analyst in Riyadh typically earns around 19,700 SAR. Salaries range from 10,400 SAR (lowest) to 29,900 SAR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Risk Analyst salaries in Riyadh vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Risk Analyst Pay Scale and Salaries in Riyadh
Salary Structure and Pay Scale Comparison
17,700 SAR or more
15,800 to 17,700 SAR
11,600 SAR or less
11,600 to 15,800 SAR
 10,400 SAR |
17,800 SAR |
29,900 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 Risk Analyst in Riyadh range from 10,400 SAR (starting salary) to 29,900 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 17,800 SAR, half of the professionals who work as Risk Analyst 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 Risk Analyst in Riyadh earn less than 14,800 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 20,100 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 Risk Analyst in Riyadh compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 11,600 SAR to 15,800 SAR. About 20% of salaries are below the 11,600 SAR mark, while 10% fall within the range of 15,800 SAR to 17,700 SAR. Only 5% of individuals have salaries exceeding 17,700 SAR.
Salary Comparison by Years of Experience / Risk Analyst / Riyadh
How do experience and age affect pay?
| 0 - 2 Years | 12,000 SAR | |
| 2 - 5 Years | +23% | 14,700 SAR |
| 5 - 10 Years | +42% | 20,900 SAR |
| 10 - 15 Years | +17% | 24,400 SAR |
| 15 - 20 Years | +10% | 26,800 SAR |
| 20+ Years | +6% | 28,400 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 Risk Analyst and this is what we found.
Employees with less than two years of experience earn approximately 12,000 SAR.
While someone with an experience level between two and five years is expected to earn 14,700 SAR, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 20,900 SAR, 42% 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 24,400 SAR, 17% 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 26,800 SAR, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 28,400 SAR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Risk Analyst / Riyadh
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Risk Analyst.
| Bachelor's Degree | 13,600 SAR | |
| Master's Degree | +93% | 26,200 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 Risk Analyst in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 13,600 SAR.
Level 2: Master's Degree
At this level, the average salary becomes 26,200 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 / Risk Analyst / Riyadh
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 Risk Analyst in Saudi Arabia, the average difference between the salary of male and female employees is 6%.
| Male | 18,000 SAR | |
| Female | -6% | 17,000 SAR |
Salary Comparison By Gender in Saudi Arabia for all Careers
Average Annual Salary Increment Percentage / Risk Analyst / Riyadh
How much are annual salary increments in Riyadh for individuals working as Risk Analyst? How often do employees get salary raises?
Individuals working as Risk Analyst 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 / Risk Analyst / Saudi Arabia
How much and how often are bonuses being awarded?
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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 | 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 / Risk Analyst / Riyadh
110 SAR per hourThe average hourly wage (pay per hour) for individuals working as Risk Analyst in Riyadh is 110 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 Risk Analyst in Riyadh is 60 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 |
| Oil / Gas / Energy / Mining |  -100% | |
| Assistant Yard Manager | 14,700 SAR | -25% |
| Associate Analyst | 17,500 SAR | -11% |
| Associate Landman | 7,350 SAR | -63% |
| Auxiliary Equipment Operator | 6,570 SAR | -67% |
| Biomass Plant Technician | 7,490 SAR | -62% |
| Biomass Power Plant Manager | 22,600 SAR |  +15% |
| Carbon Capture and Storage Specialist | 16,500 SAR | -16% |
| Chemical Plant Operator | 12,500 SAR | -37% |
| Chief Contract Compliance Engineer | 16,000 SAR | -19% |
| Chief Renewable Energy Officer | 28,900 SAR | +47% |
| Chief Sustainability Officer | 26,200 SAR | +33% |
| Completions Engineer | 14,600 SAR | -26% |
| Cost Controller | 11,100 SAR | -44% |
| Cost Engineer | 15,800 SAR | -20% |
| Crude Oil Marketing Representative | 16,400 SAR | -17% |
| Deep-sea Mining Engineer | 18,000 SAR | -9% |
| Dispatcher | 6,830 SAR | -65% |
| Distribution Manager | 21,200 SAR | +8% |
| Dragline Operator | 7,240 SAR | -63% |
| Driller Offsider | 5,780 SAR | -71% |
| Dump Truck Driver | 5,990 SAR | -70% |
| Electric and Gas Operations Manager | 36,800 SAR | +87% |
| Energy Advisor | 24,700 SAR | +25% |
| Energy Analyst | 21,700 SAR | +10% |
| Energy Auditor | 20,100 SAR | +2% |
| Energy Dispatch Director | 26,300 SAR | +34% |
| Energy Efficiency Auditor | 16,800 SAR | -15% |
| Energy Efficiency Consultant | 18,700 SAR | -5% |
| Energy Modeler | 15,800 SAR | -20% |
| Energy Policy Analyst | 15,500 SAR | -21% |
| Energy Storage Engineer | 16,800 SAR | -15% |
| Energy Technical Assistant | 9,980 SAR | -49% |
| Energy Technical Manager | 18,700 SAR | -5% |
| Energy Technical Support Manager | 19,700 SAR | +0% |
| Energy Technical Trainer | 13,200 SAR | -33% |
| Engineering Geologist | 27,400 SAR | +39% |
| Exploration Manager | 28,100 SAR | +43% |
| Field Safety Auditor | 18,200 SAR | -8% |
| Fluids Engineer | 14,800 SAR | -25% |
| Fuel Cell Engineer | 16,200 SAR | -18% |
| Fuel Cell Technician | 8,140 SAR | -59% |
| Fuels Handler | 7,110 SAR | -64% |
| Gas Compressor Operator | 7,090 SAR | -64% |
| Gas Distribution Plant Operator | 12,500 SAR | -37% |
| Gas Supply Manager | 24,400 SAR | +24% |
| Geologist | 27,400 SAR | +39% |
| Geophysicist | 27,900 SAR | +42% |
| Geothermal Engineer | 18,100 SAR | -8% |
| Geothermal Production Manager | 26,200 SAR | +33% |
| Geothermal Technician | 11,300 SAR | -43% |
| HSE Engineer | 16,200 SAR | -18% |
| HSE Officer | 9,360 SAR | -52% |
| HSE Supervisor | 11,800 SAR | -40% |
| HSEQ Administrator | 10,900 SAR | -45% |
| Hydrogen Fuel Cell Engineer | 18,400 SAR | -7% |
| Inspector | 14,200 SAR | -28% |
| Instructor | 12,500 SAR | -37% |
| Instrument Designer | 12,600 SAR | -36% |
| Lead Technical Field Advisor | 20,000 SAR | +2% |
| Lithium Ion Battery Engineer | 15,000 SAR | -24% |
| Logistics and Tool Coordinator | 13,200 SAR | -33% |
| Maintenance Engineer | 16,400 SAR | -17% |
| Maintenance Superintendent | 13,700 SAR | -30% |
| Material Controller | 10,200 SAR | -48% |
| Methane Detection and Mitigation Specialist | 15,200 SAR | -23% |
| Mine Engineer | 15,500 SAR | -21% |
| Mine Surveyor | 16,800 SAR | -15% |
| Mining Project Administrator | 14,200 SAR | -28% |
| Mining Project Assistant | 10,700 SAR | -46% |
| Mining Project Controls Consultant | 17,900 SAR | -9% |
| Mining Project Coordinator | 14,200 SAR | -28% |
| Mining Project Engineer | 15,500 SAR | -21% |
| Mining Project Manager | 19,500 SAR | -1% |
| Mining Site Manager | 21,300 SAR | +8% |
| Mining Team Leader | 16,200 SAR | -18% |
| Natural Gas Engineer | 17,500 SAR | -11% |
| NDT Technician | 9,360 SAR | -52% |
| Net Zero Energy Consultant | 20,500 SAR | +4% |
| Oil Service Unit Operator | 8,400 SAR | -57% |
| Oil Trader | 20,800 SAR | +6% |
| Oilwell Pumper | 5,740 SAR | -71% |
| Petroleum Engineer | 18,100 SAR | -8% |
| Petroleum Geologist | 28,900 SAR | +47% |
| Petroleum Pump System Operator | 8,480 SAR | -57% |
| Petroleum Technician | 9,110 SAR | -54% |
| Photovoltaic Engineer | 17,000 SAR | -14% |
| Pipeline Technician | 5,860 SAR | -70% |
| Power Coordinator | 9,480 SAR | -52% |
| Power Plant Operations Manager | 31,500 SAR | +60% |
| Power Plant Operator | 13,100 SAR | -33% |
| Radio Operator | 7,090 SAR | -64% |
| Reliability Engineer | 15,800 SAR | -20% |
| Renewable Energy Consultant | 23,200 SAR | +18% |
| Renewable Energy Engineer | 18,400 SAR | -7% |
| Renewable Energy Policy Analyst | 18,000 SAR | -9% |
| Reservoir Engineer | 14,100 SAR | -28% |
| Risk Analyst | 19,700 SAR | +0% |
| Roughneck | 16,400 SAR | -17% |
| Scaffolder | 9,980 SAR | -49% |
| Shutdown Engineer | 12,700 SAR | -36% |
| Smart Grid Analyst | 16,700 SAR | -15% |
| Smart Grid Engineer | 17,900 SAR | -9% |
| Solar Energy Installation Manager | 23,600 SAR | +20% |
| Solar Energy Systems Engineer | 15,800 SAR | -20% |
| Solar Photovoltaic Installer | 10,500 SAR | -47% |
| Solar Thermal Technician | 9,480 SAR | -52% |
| Supply Operations Manager | 26,300 SAR | +34% |
| Sustainability Analyst | 20,500 SAR | +4% |
| Sustainability Architect | 20,700 SAR | +5% |
| Sustainability Specialist | 24,500 SAR | +24% |
| Sustainable Energy Consultant | 20,400 SAR | +4% |
| System Development Advisor | 18,400 SAR | -7% |
| Tanker Truck Driver | 6,300 SAR | -68% |
| Unconventional Oil and Gas Engineer | 16,200 SAR | -18% |
| Utility Operator | 8,230 SAR | -58% |
| Waste-to-Energy Specialist | 21,800 SAR | +11% |
| Wind Energy Project Manager | 21,200 SAR | +8% |
| Wind Farm Technician | 11,300 SAR | -43% |
| Wind Turbine Technician | 12,500 SAR | -37% |
Salary Comparison By City
| City | Average Salary |
| Jeddah | 20,100 SAR |
| Riyadh | 19,700 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 Risk Analyst in Riyadh?
A good and competitive compensation would range anywhere between 17,800 SAR and 20,100 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 Risk Analyst in Riyadh ranges from 10,400 SAR to 14,800 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
