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Chief Financial Officer Average Salary in Oman 2024

How much money does a person working as Chief Financial Officer make in Oman?


Average Monthly Salary
3,510 OMR
( 42,100 OMR yearly)

LOW
1,890
OMR
AVERAGE
3,510
OMR
HIGH
5,300
OMR
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 Chief Financial Officer in Oman typically earns around 3,510 OMR. Salaries range from 1,890 OMR (lowest) to 5,300 OMR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Chief Financial Officer salaries in Oman vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Chief Financial Officer Pay Scale and Salaries in Oman

Median and salary distribution Oman Chief Financial Officer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,130 OMR or more
10% of people earn
2,800 to 3,130 OMR
20% of people earn
2,080 OMR or less
65% of people earn
2,080 to 2,800 OMR
Minimum Salary
1,890 OMR
Median
3,140 OMR
Maximum
5,300 OMR




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 Chief Financial Officer in Oman range from 1,890 OMR (starting salary) to 5,300 OMR (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 3,140 OMR, half of the professionals who work as Chief Financial Officer in Oman 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 Chief Financial Officer in Oman earn less than 2,620 OMR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,540 OMR 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 Chief Financial Officer in Oman compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,080 OMR to 2,800 OMR. About 20% of salaries are below the 2,080 OMR mark, while 10% fall within the range of 2,800 OMR to 3,130 OMR. Only 5% of individuals have salaries exceeding 3,130 OMR.

Salary Comparison by Years of Experience / Chief Financial Officer / Oman

How do experience and age affect pay?

0 - 2 Years
2,200 OMR
2 - 5 Years+26%
2,780 OMR
5 - 10 Years+32%
3,660 OMR
10 - 15 Years+18%
4,310 OMR
15 - 20 Years+11%
4,770 OMR
20+ Years+6%
5,080 OMR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Oman Chief Financial Officer
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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 Chief Financial Officer 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 2,200 OMR.

While someone with an experience level between two and five years is expected to earn 2,780 OMR, 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 3,660 OMR, 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 4,310 OMR, 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 4,770 OMR, 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 5,080 OMR, 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 / Chief Financial Officer / Oman

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Chief Financial Officer.

High School
2,680 OMR
Certificate or Diploma+13%
3,020 OMR
Bachelor's Degree+32%
3,970 OMR
Master's Degree+24%
4,920 OMR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Oman Chief Financial Officer
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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 Chief Financial Officer in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 2,680 OMR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 3,020 OMR, 13% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 3,970 OMR, 32% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 4,920 OMR, 24% 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 Oman costs anywhere from 8,880 OMR to 26,600 OMR 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 / Chief Financial Officer / Oman

Salary comparison by gender Oman Chief Financial Officer 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 Chief Financial Officer in Oman, the average difference between the salary of male and female employees is 9%.

Male
3,630 OMR
Female-8%
3,330 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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Average Annual Salary Increment Percentage / Chief Financial Officer / Oman

How much are annual salary increments in Oman for individuals working as Chief Financial Officer? How often do employees get salary raises?

Individuals working as Chief Financial Officer in Oman are likely to observe a salary increase of approximately 13% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Oman Chief Financial Officer
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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

Annual Salary Increment Rate Oman
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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 Oman is 4%.

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 / Chief Financial Officer / Oman

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Oman Chief Financial Officer
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25% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus
75%
No Bonus
25%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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 / Chief Financial Officer / Oman


20 OMR per hour

The average hourly wage (pay per hour) for individuals working as Chief Financial Officer in Oman is 20 OMR.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 Chief Financial Officer in Oman is 11 OMR. 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
Executive and Management-100%
Account Coordinator1,550 OMR-56%
Account Director1,960 OMR-44%
Account Executive1,940 OMR-45%
Account Manager1,870 OMR-47%
Administration Manager2,050 OMR-42%
Administration Officer1,050 OMR-70%
Administration Supervisor1,580 OMR-55%
Administrative Clerk770 OMR-78%
Administrative Officer810 OMR-77%
Area Director1,820 OMR-48%
Area Manager1,810 OMR-48%
Asset Protection Associate2,130 OMR-39%
Assistant Director1,920 OMR-45%
Assistant General Manager2,180 OMR-38%
Assistant Manager2,060 OMR-41%
Assistant Managing Director2,490 OMR-29%
Assistant Operations Manager2,340 OMR-33%
Assistant Project Manager2,030 OMR-42%
Assistant Section Head1,730 OMR-51%
Assistant to CEO1,870 OMR-47%
Assistant Vice President2,090 OMR-40%
Associate Account Director2,060 OMR-41%
Associate Director1,960 OMR-44%
Bid Manager2,410 OMR-31%
Branch Manager2,130 OMR-39%
Business Development Manager2,380 OMR-32%
Business Operations Associate2,070 OMR-41%
Business Operations Lead2,050 OMR-42%
Campaign Manager2,250 OMR-36%
Catering Coordinator1,210 OMR-65%
Catering Manager2,090 OMR-40%
CEO3,840 OMR+9%
Chairman of The Board3,750 OMR+7%
Chairman Office Manager2,370 OMR-32%
Chief Commercial Officer2,800 OMR-20%
Chief Corporate Officer3,200 OMR-9%
Chief Digital Officer2,740 OMR-22%
Chief Digital Strategy Officer2,690 OMR-23%
Chief Digital Transformation Officer2,680 OMR-24%
Chief Ethics Officer2,260 OMR-36%
Chief Executive Officer3,960 OMR+13%
Chief Financial Officer3,510 OMR+0%
Chief Investment Officer3,020 OMR-14%
Chief of Staff1,910 OMR-46%
Chief Operating Officer2,870 OMR-18%
Chief Privacy Officer2,370 OMR-32%
Chief Resilience Officer2,860 OMR-18%
Chief Risk Officer2,600 OMR-26%
Chief Strategy Officer3,170 OMR-10%
Chief Trust and Safety Officer2,480 OMR-29%
Client Account Manager2,430 OMR-31%
Client Accounts Officer1,970 OMR-44%
Client Services Manager2,480 OMR-29%
Commercial Director2,610 OMR-26%
Commercial Manager2,280 OMR-35%
Commercial Project Manager2,120 OMR-40%
Commodity Broker1,580 OMR-55%
COO3,060 OMR-13%
Corporate Affairs Executive2,400 OMR-32%
Corporate Compliance Director2,640 OMR-25%
Corporate Director2,680 OMR-24%
Corporate Officer1,830 OMR-48%
Corporate Partnerships Officer1,880 OMR-46%
Country Manager3,000 OMR-14%
Department Head2,280 OMR-35%
Department Manager2,430 OMR-31%
Department Supervisor2,020 OMR-42%
Deputy Director2,670 OMR-24%
Deputy Manager2,840 OMR-19%
Director2,960 OMR-16%
Director of Accreditation2,660 OMR-24%
Director of Catering Services2,310 OMR-34%
Director of Client Services2,580 OMR-26%
Director of Facilities Management2,030 OMR-42%
Director of Operations2,530 OMR-28%
Director of Process Simplification1,960 OMR-44%
Director of Product Management2,520 OMR-28%
Director of Project Management2,650 OMR-24%
Director of Revenue Management2,270 OMR-35%
Director of Training and Development2,450 OMR-30%
Distribution Manager2,790 OMR-20%
Division Manager2,230 OMR-36%
Duty Manager2,150 OMR-39%
Engagement Manager2,820 OMR-20%
Executive Director3,870 OMR+10%
Executive Manager3,010 OMR-14%
Franchise Manager3,220 OMR-8%
General Manager2,950 OMR-16%
Generational Consultant2,150 OMR-39%
Global Master Data Manager2,660 OMR-24%
Global Technical Lead1,750 OMR-50%
Head of Investment2,550 OMR-27%
Head of Middle Office2,520 OMR-28%
Head of Projects2,540 OMR-28%
Head of Strategy2,940 OMR-16%
Head of Supply Chain2,300 OMR-34%
Head of Sustainability2,250 OMR-36%
Housing Manager2,160 OMR-38%
HSE Manager2,080 OMR-41%
Innovation Manager2,240 OMR-36%
Key Account Manager2,140 OMR-39%
Knowledge Manager2,530 OMR-28%
Location Manager2,430 OMR-31%
Logistics Executive1,920 OMR-45%
Logistics Manager2,010 OMR-43%
Management Consultant2,130 OMR-39%
Management Executive2,690 OMR-23%
Manager2,510 OMR-28%
Managing Director3,120 OMR-11%
MIS Executive2,550 OMR-27%
Ocean Services Manager2,770 OMR-21%
Online Business Manager3,780 OMR+8%
Operational Manager2,810 OMR-20%
Operations Analyst2,170 OMR-38%
Operations Assistant1,850 OMR-47%
Operations Director2,770 OMR-21%
Operations Executive2,940 OMR-16%
Operations Manager2,990 OMR-15%
Operations Supervisor2,390 OMR-32%
Planning Director2,650 OMR-24%
PMO Manager2,500 OMR-29%
Policy Administration Executive2,110 OMR-40%
Private Sector Executive2,360 OMR-33%
Product Development Manager2,720 OMR-22%
Product Executive2,330 OMR-34%
Production Executive2,690 OMR-23%
Production Manager2,600 OMR-26%
Production Supervisor2,320 OMR-34%
Program Director2,760 OMR-21%
Program Manager2,750 OMR-22%
Programme Coordinator1,860 OMR-47%
Project Control Manager2,670 OMR-24%
Project Coordinator1,670 OMR-52%
Project Management Officer1,780 OMR-49%
Project Manager1,930 OMR-45%
Project Portfolio Manager2,140 OMR-39%
Quality Manager2,000 OMR-43%
R/D Director2,270 OMR-35%
Regional Director3,620 OMR+3%
Regional Manager2,620 OMR-25%
Relationship Manager2,520 OMR-28%
Retail District Manager1,760 OMR-50%
Revenue Manager2,020 OMR-42%
Risk and Capital Manager2,930 OMR-16%
Risk Officer1,890 OMR-46%
Safety Manager2,020 OMR-42%
Section Head1,970 OMR-44%
Service Manager1,990 OMR-43%
Shift Supervisor1,560 OMR-56%
Solutions Manager1,870 OMR-47%
Supervisor1,670 OMR-52%
Supply Chain Manager2,620 OMR-25%
Surveyor1,900 OMR-46%
Technical Director2,600 OMR-26%
Technical Manager2,520 OMR-28%
Territory Manager2,640 OMR-25%
Validation Manager2,140 OMR-39%
Vice President3,150 OMR-10%
Zone Manager2,620 OMR-25%

Salary Comparison By City

CityAverage Salary
Muscat3,750 OMR

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 Oman is 7% on average across all career fields.

Private Sector
1,700 OMR
Public Sector+7%
1,830 OMR
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 Chief Financial Officer in Oman?

A good and competitive compensation would range anywhere between 3,140 OMR and 3,540 OMR. 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 Chief Financial Officer in Oman ranges from 1,890 OMR to 2,620 OMR. 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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