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Insurance Project Manager Average Salary in Oman 2021

How much money does an Insurance Project Manager make in Oman?

Average Monthly Salary
2,100 OMR
( 25,200 OMR yearly)


A person working as an Insurance Project Manager in Oman typically earns around 2,100 OMR per month. Salaries range from 1,130 OMR (lowest) to 3,170 OMR (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Project Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Project Manager Salary Distribution in Oman

Median and salary distribution monthly Oman Insurance Project Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Project Manager salaries in Oman range from 1,130 OMR per month (minimum salary) to 3,170 OMR per month (maximum salary).

  • Median Salary

    The median salary is 1,930 OMR per month, which means that half (50%) of people working as Insurance Project Manager(s) are earning less than 1,930 OMR while the other half are earning more than 1,930 OMR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Project Manager(s) are earning less than 1,380 OMR while 75% of them are earning more than 1,380 OMR. Also from the diagram, 75% of Insurance Project Manager(s) are earning less than 2,350 OMR while 25% are earning more than 2,350 OMR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Insurance Project Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Oman Insurance Project 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 your wage. We broke down Insurance Project Manager salaries by experience level and this is what we found.

An Insurance Project Manager with less than two years of experience makes approximately 1,320 OMR per month.

While someone with an experience level between two and five years is expected to earn 1,660 OMR per month, 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 2,190 OMR per month, 32% more than someone with two to five 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.

Additionally, Insurance Project Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,580 OMR per month, 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 2,860 OMR per month, 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 3,040 OMR per month, 6% more than people with fifteen to twenty years of experience.

Insurance Project Manager average salary change by experience in Oman

0 - 2 Years
1,320 OMR
2 - 5 Years+26%
1,660 OMR
5 - 10 Years+32%
2,190 OMR
10 - 15 Years+18%
2,580 OMR
15 - 20 Years+11%
2,860 OMR
20+ Years+6%
3,040 OMR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Project Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Project Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Oman Insurance Project 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 Insurance Project Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Insurance Project Manager is 1,710 OMR per month.

While someone with a Master's Degree gets a salary of 2,600 OMR per month, 53% more than someone having a Bachelor's Degree degree.

Insurance Project Manager average salary difference by education level in Oman

Bachelor's Degree
1,710 OMR
Master's Degree+53%
2,600 OMR
Percentage increase and decrease are relative to the previous value

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 Oman costs anywhere from 8,850 Rial Omani(s) to 26,500 Rial Omani(s) 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 into a higher paying job. The numbers seem to support the thoery. 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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Insurance Project Manager Salary Comparison By Gender

Salary comparison by gender monthly Oman Insurance Project Manager
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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? Male Insurance Project Manager employees in Oman earn 9% more than their female counterparts on average.

2,170 OMR
2,000 OMR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Oman for all Careers

Salary comparison by gender monthly Oman
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Insurance Project Manager Average Annual Salary Increment Percentage in Oman

How much are annual salary increments in Oman for Insurance Project Manager(s)? How often do employees get salary raises?

Insurance Project Manager

Insurance Project Manager(s) in Oman are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Oman Insurance Project 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.

Oman / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Oman is 4%.

Annual Increment Rate By Industry 2020

Information Technology

Listed above are the average annual increase rates for each industry in Oman for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Insurance Project Manager Bonus and Incentive Rates in Oman

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Oman Insurance Project Manager
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An Insurance Project Manager is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

51% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 49% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% 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.

Insurance Project Manager Average Hourly Wage in Oman

12 OMR per hour

The average hourly wage (pay per hour) in Oman is 12 OMR. This means that the average Insurance Project Manager in Oman earns approximately 12 OMR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 fix 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.

Insurance Project Manager VS Other Jobs

Salary Comparison Between Insurance Project Manager and Insurance monthly Oman
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The average salary for Insurance Project Manager is 18% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst2,320 OMR+10%
Actuarial Assistant1,570 OMR-25%
Actuary2,370 OMR+13%
Adjustment Insurance Clerk670 OMR-68%
Assistant Broker1,140 OMR-46%
Assistant Claims Manager1,800 OMR-14%
Associate Insurance Representative910 OMR-57%
Auditing Insurance Manager2,580 OMR+23%
Broker1,720 OMR-18%
Claim Advocacy Professional1,720 OMR-18%
Claims Adjuster620 OMR-70%
Claims Analyst930 OMR-56%
Claims Examiner890 OMR-58%
Claims Manager2,580 OMR+23%
Claims Processor650 OMR-69%
Claims Representative790 OMR-62%
Claims Resolution Specialist1,970 OMR-6%
Claims Supervisor1,680 OMR-20%
Complaints Specialist1,590 OMR-24%
Compliance Officer1,360 OMR-35%
Consultant1,650 OMR-21%
Eligibility Specialist1,810 OMR-14%
Insurance Account Manager2,230 OMR+6%
Insurance Accounts Executive1,900 OMR-10%
Insurance Agent1,000 OMR-52%
Insurance Analyst1,710 OMR-19%
Insurance Appraiser1,820 OMR-13%
Insurance Claims Clerk650 OMR-69%
Insurance Examiner1,540 OMR-27%
Insurance Investigator1,690 OMR-20%
Insurance Manager2,960 OMR+41%
Insurance Operations Manager3,100 OMR+48%
Insurance Policy Processing Clerk640 OMR-70%
Insurance Pricing Assistant1,440 OMR-31%
Insurance Program Manager2,310 OMR+10%
Insurance Project Manager2,100 OMR-0%
Insurance Quality Assurance Agent1,580 OMR-25%
Insurance Sales Agent990 OMR-53%
Insurance Sales Director2,730 OMR+30%
Insurance Team Leader1,920 OMR-9%
Insurance Underwriter1,280 OMR-39%
Loss Control Specialist1,730 OMR-18%
Loss Prevention Investigator1,800 OMR-14%
Loss Prevention Manager2,420 OMR+15%
Loss Prevention Specialist1,890 OMR-10%
Marine Underwriter1,260 OMR-40%
Medical Auditor1,750 OMR-17%
Monitoring and Performance Officer1,270 OMR-40%
Payment Services Specialist1,730 OMR-18%
Policy Change Director2,620 OMR+25%
Policy Change Supervisor1,930 OMR-8%
Policy Change Technician830 OMR-60%
Risk Analyst1,970 OMR-6%
Risk Management Director3,290 OMR+57%
Risk Management Supervisor2,270 OMR+8%
Risk Manager3,250 OMR+55%
Risk Modeling Manager3,130 OMR+49%
Title Insurance Typist1,500 OMR-29%
Training Manager1,990 OMR-5%

Salary Comparison By City

CityAverage Salary
Muscat2,490 OMR
Salalah2,210 OMR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Oman earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
1,700 OMR
Public Sector+7%
1,820 OMR
Percentage increase and decrease are relative to the previous value

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