What are the salary range for banking jobs in Dubai? This is a question many people are asking. Whether you’re working in banking or simply considering a career change, it’s important to know how much you can expect to earn. Below is a list of the top paying banks in Dubai, followed by a breakdown of the average salary for each job within the industry.
Salary for banking jobs in dubai
It is important to note that there are a number of factors that can affect your salary when you take on a banking job in Dubai. For example, the size of the company you work for will have an impact on your wages, as well as whether or not you are working for a multinational corporation or an independent company. It is also worth noting that some banks offer better benefits packages than others, so do some research before accepting a position with one particular company.
When it comes down to it, however, the most important factor when determining how much money you will earn from your banking job is your education level. The more qualifications you have under your belt, the more likely it is that you will start out with a higher salary than someone who has only completed secondary school education. In addition to this, it is important to remember that there are also many other factors which can affect your salary such as experience within this industry and overtime pay (if applicable).
Salary for banking jobs in dubai
A person working in Banking in Dubai typically earns around 23,500 AED per month. Salaries range from 6,800 AED (lowest average) to 49,100 AED (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| AML Analyst | 34,800 AED |
| Assistant Bank Branch Manager | 29,100 AED |
| Assistant Bank Manager | 40,300 AED |
| ATM Manager | 31,500 AED |
| ATM Service Technician | 8,290 AED |
The median, the maximum, the minimum, and the range
- Salary RangeBanking salaries in Dubai range from 6,800 AED per month (minimum average salary) to 49,100 AED per month (maximum average salary, actual maximum is higher).
- Median SalaryThe median salary is 22,100 AED per month, which means that half (50%) of people working in Banking are earning less than 22,100 AED while the other half are earning more than 22,100 AED. 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.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 13,000 AED while 75% of them are earning more than 13,000 AED. Also from the diagram, 75% of people working in Banking are earning less than 33,400 AED while 25% are earning more than 33,400 AED.
Salary Comparison by Years of Experience
How does a person’s salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor’s Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master’s Degree are awarded salaries that are 29% more than those with a Bachelor’s Degree.
Finally, PhD holders earn 23% more than Master’s Degree holders on average while doing the same job.
