2014 Middle East Salary Guide - Optimal HR Group

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Arab World Careers Exclusive 2014 Middle East Salary Guide

2014 Middle East Salary Guide

Arab World Careers Exclusive

The most preferred Job Portal in Middle East

Content

1) Introduction 2) Methodology 3) Middle East Economic & Hiring Outlook 2014 4) 2014 Middle East Salary Guide 5) ? Your partner in finding Talent & Jobs in Middle East

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Introduction

Middle East continues to attract talent from world over and 2014 would inherit the same trend. Increasing demand and high standards of living is attracting skilled and unskilled talent to Middle East. To attract superior talent, retain the best ones and cope up with higher cost of living, Middle East salaries has been projected to be up to 8% higher than 2013. Jobs in Dubai , Jobs in Middle East , Middle East Jobs, Gulf Jobs & Jobs in Gulf continues to be among top 100 searched phrases in the internet.

Construction, Engineering, Architecture & Design, Banking and Financial jobs are the highest gainers with pay hike or a new job promising up to 8% increase. Tourism, Leisure, Hospitality, Accounting, Sales, Human Resources and Legal roles show signs of up to 5% increase. Niche roles like Aviation, specific IT skills and high profile Sales roles would continue to be dominated by the demand-and-supply model.

Arab World Careers 2014 Middle East salary guide is the most respectable, authoritative, comprehensive and in-depth salary guide in the Middle East Region. Being a premium job portal, we have access to employers and jobs seekers alike. We study their behavioral pattern and projects salary level in conjunction with market conditions.

Top reasons why 2014 would see flocking employees, in the order of highest to lowest.

Lack of adequate pay Layoff fears High stress level Poor work-life balance Monotonous role Lack of growth Disagreement with manager

Methodology

In order to provide the most accurate salary guide as possible, Arab world careers took a dive into 360 degree approach in formulating the 2014 Middle East salary guide. We just did not go by few indicative factors but consulted employers, search firms, their 2014 recruitment targets, regional stability, world markets' impact on middle east economies, candidate appetite to still look for a job in Middle East, the region's potential to create real jobs and the actual capacity to pay them based on real returns.

We used world renowned algorithms to mine data from last five years, trends that defined pay hike and the real value forecast for the next two years. We did our primary and secondary

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research with current employers and potential job seekers from 12 key nations who contribute to the manpower needs of Middle East economies predominantly GCC nations.

Over 800 employers and 2200 current employees participated in our salary survey. Our analysts performed a thorough, rigorous and analytically complex numbers exercise to bring you the most accurate salary guide in the Middle East. Our salary guide is used by approximately 40,000 plus known companies in revising their compensation bands. Our salary guide for each position is not determined by job titles but by responsibilities and required at least 80% match.

The information you are about to access is interpretive and indicative, it's not conclusive. Kindly use this information only as a guide.

Middle East Economic & Hiring Outlook 2014

Middle East economies, predominantly GCC grew at an average 4% in 2013. The worldwide turn around in the last quarter of 2014, signs of revival, rising industrial outputs, record number of jobs created in the United States, cooled down Eurozone crisis, averted Syrian conflict, peace talks with Iran, Dubai winning Expo2020, stable oil price forecast are all signaling better than expected economic growth in the Middle East region. All these factors have boosted investor confidence all around the world and Middle East would witness much larger pie of Foreign Investments. As per revised economic outlook report from IMF, Middle East would grow at a rate of 5.5% - 6% in 2014. This means more number of jobs would be created.

Arab World Careers predicts that Construction & Engineering, Oil & Energy, Tourism and Aviation sectors would drive growth in the GCC markets. 2014 would continue to see nationalization efforts by these economies. We suspect Kuwait to implement a similar law in 2014 as Saudi Arabia's Nitaqat Law. The number of new jobs created in GCC economies would be between 470,000 ? 500,000 and the number of positions to be filled would be upwards 4,000,000. The hiring sources percentage is as below:

2014 Hiring Channels

Referrals Job Portals Outdoor Ads Search Firms

27%

25%

17% 31%

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Arab World Careers Exclusive 2014 Middle East Salary Guide

Middle East Salary Ranges 2014 in USD

`

Low

Medium

High

INVESTMENT BANKING / PRIVATE EQUITY ROLES

Monthly salary excluding annual/performance bonus. All figures in USD.

Analyst

4,590

Associate

7,290

Vice President

9,990

Director

18,090

Managing Director

20,790

Head

23,490

INVESTMENT BANKING / PRIVATE EQUITY - SALES ROLES

5,940 9,990 15,390 19,440 26,190 30,240

9,990 17,550 24,840 32,940 36,990 41,040

Analyst Associate Vice President Director Managing Director Head ASSET MANAGEMENT ROLES

4,590 7,290 9,990 15,390 20,790 22,140

5,940 9,990 12,690 18,090 24,840 27,540

9,990 16,740 23,490 30,240 32,940 38,340

Analyst Associate Vice President Director Managing Director Head MIDDLE / BACK OFFICE OPERATION ROLES

4,590 7,290 9,990 15,390 20,790 22,140

5,940 9,450 12,690 18,090 24,840 27,540

7,290 12,690 15,390 20,790 30,240 32,940

Analyst Associate Vice President Director Managing Director Head

4,050 5,400 7,290 9,990 12,690 14,040

4,590 7,020 8,640 11,340 14,040 15,390

5,400 8,640 11,340 12,690 15,390 18,090

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Assistant Branch Manager Branch Manager Business Development Manager Business Intelligence Analyst Chief Risk Officer Collections Manager COO Country Head Head of Acquiring Head of Call Centre Head of Premier Banking Head of Retail Operations Head of Collections Head of Credit Analytics

Low

Medium

High

Monthly salary excluding annual/performance

bonus. All figures in USD.

4,050

5,400

6,750

7,290

9,180

10,260

5,940

8,640

9,990

4,590

6,480

7,560

16,740

22,140

27,540

5,400

7,290

9,180

15,390

20,115

24,840

35,640

41,040

46,440

8,640

11,340

15,390

8,640

11,340

14,040

9,990

14,715

19,440

8,640

12,690

15,390

9,990

12,690

15,390

5,940

10,665

12,690

Head of Credit Policy Head of Issuing Head of Loyalty Head of Merchant Services Head of Partnerships Head of Product Development - Retail Products Head of Retail Head of Retail Credit Head of Risk National Sales Manager - Mortgages Portfolio Manager - Cards POS Specialist Product Manager - Retail Products Product Officer Relationship Manager

9,990 8,640 8,640 8,640 8,640 8,640 14,040 11,340 11,340 7,290 5,940 7,020 5,940 3,240 4,050

12,015 11,340 11,340 11,340 11,340 11,340 19,440 14,040 16,065 8,640 7,560 8,370 8,640 4,590 5,940

14,580 15,390 15,660 15,390 15,660 15,390 24,840 16,740 20,790 9,990 9,990 10,260 9,990 5,940 7,290

CORPORATE BANKING Head of Corporate Banking Head of Corporate Credit Head of Financial Institution Head of Trade Finance Unit Head Senior Relationship Manager Relationship Manager

Low

Medium

High

Monthly salary excluding annual/performance bonus. All figures in USD.

14,040 11,340 12,690 11,340 9,180 7,290 5,400

16,740 12,690 14,040 14,040 11,340 8,640 7,020

19,440 14,040 19,440 19,440 13,500 9,990 7,830

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Credit Analyst Credit Admin Clerk Trade Finance Clerk PRIVATE BANKING HO Private Banking Private Banker (Associate Director) Private Banker (Director) Private Banker (Relationship Manager) Product and Investment Specialist (Associate) WEALTH MANAGEMENT Head of Wealth Unit Head Senior Relationship Manager Relationship Manager Product Manager INSURANCE Director of Underwriting Manager of Underwriting Department Senior Underwriter Director Business Development Manager Junior Underwriter

Acquisitions Manager / Land Surveyor Assistant Development Manager Assistant Project Manager Associate Associate Director (PQS) CEO Civil / Structural Engineer Commercial Director Commercial Manager Construction Manager Contracts Manager Cost Manager (PQS) Design Manager Development Director Development Manager Director (PQS) Facilities Coordinator Facilities Manager General Manager / VP Head of Planning Department Head of Corporate Real Estate

3,240 2,700 3,240

4,320 3,780 4,320

5,940 4,320 5,400

16,740 9,990 11,340 8,640 7,290

19,440 11,340 12,690 9,990 8,640

24,840 14,040 14,040 11,340 9,990

12,690 8,640 7,290 5,400 5,940

15,390 9,990 7,830 6,210 7,290

18,090 11,340 9,180 7,290 8,640

14,040 9,990 5,940 14,040 6,480 2,700

16,740 11,340 8,640 18,090 8,640 3,240

18,090 12,690 9,990 22,140 9,990 4,590

Low

Medium

High

Monthly salary excluding annual/performance

bonus. All figures in USD.

7,290

8,640

9,990

5,130

6,480

8,640

4,590

5,940

8,100

8,640

12,690

18,090

14,040

16,200

17,820

16,740

27,540

41,040

4,590

7,290

9,990

14,040

15,390

18,090

9,990

12,690

16,200

5,940

8,640

10,260

8,640

11,880

16,740

7,290

8,640

12,690

5,940

9,990

11,340

14,040

16,740

22,140

9,990

12,690

15,390

14,040

16,740

22,140

4,590

5,940

7,290

8,640

11,340

14,040

15,390

20,790

27,540

12,690

14,040

16,740

12,690

16,740

19,440

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HSE Director HSE Manager HSE Officer Interior Designer Infrastructure Manager Junior Architect

Junior Quantity Surveyor Landscape Architect Leasing Executive Leasing Manager MEP Manager MEP Coordinator MEP Design Manager MEP Project Manager Operations Manager Partner Planning Engineer Planning Manager Principal Project Director

Property Manager QA / QC Engineer Quantity Surveyor Resident Engineer: Entry Level Senior Architect Senior Civil / Structural Engineer Senior Development Manager Senior Interior Designer Senior Project Manager Senior Quantity Surveyor Senior Resident Engineer Site Manager Town Planner Transport Manager Urban Designer

Administrator / Coordinator Engineer Supervisor Assistant Manager FM Manager Area Manager / Senior FM

12,690 9,990 3,240 3,240 12,690 3,240

15,390 11,340 4,590 5,940 15,390 4,590

19,440 14,040 5,940 8,640 18,090 5,940

3,240 4,590 4,590 8,640 8,640 4,050 7,290 8,100 9,990 18,090 5,400 7,290 11,340 15,390

4,320 7,290 5,940 10,800 9,990 5,940 9,990 11,340 12,690 20,250 7,560 10,800 16,740 18,090

4,590 9,990 9,990 12,690 12,690 7,290 11,340 14,040 15,390 24,840 9,990 14,040 22,140 23,490

9,990 3,240 5,940 3,780 7,290 5,940 14,040 5,940 11,880 8,640 5,940 4,590 5,940 12,690 5,400

11,340 4,320 7,290 5,400 8,640 9,990 16,740 8,640 15,390 11,880 8,640 5,940 7,290 15,390 7,830

14,040 5,400 9,180 8,640 11,340 12,690 20,790 11,340 18,090 13,500 12,690 7,290 8,640 18,090 9,990

Low

Medium

High

Monthly salary excluding annual/performance

bonus. All figures in USD.

2,700

3,240

3,780

3,240

4,320

5,400

4,320

5,400

7,020

5,400

7,020

8,640

6,480

8,370

11,340

8,640

10,530

12,690

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Operations / Mobilization Manager FM Director / Head of FM Corporate Real Estate Manager Chief Engineer Technical Services Director FM - Infrastructure

Business / Financial Controller Business Analyst Chief Financial Officer Regional Finance Director Finance Director Finance Manager Financial Accountant Financial Analyst Financial Planning and Analysis Manager Internal Auditor (3 - 4 years post qualified experience) Management Accountant Newly Qualified (1 - 2 years post qualified experience) Newly Qualified (2 - 4 years post qualified experience)

AUDIT VP Audit (Regional based role) Head of Audit Audit Manager Senior Auditor (4 - 5 years post qualified) Auditor (Newly qualified) Junior Auditor (Pre-qualified) COMPLIANCE Global Head of Compliance Divisional Head of Compliance Senior Compliance Manager Compliance Manager Senior Compliance Officer Compliance Officer

HR Director HR Manager

9,990 12,690 9,990 8,640 12,690 8,640

12,690 16,740 12,690 11,340 15,390 9,990

15,390 20,790 15,390 14,040 18,090 11,340

Low

Medium

High

Monthly salary excluding annual/performance

bonus. All figures in USD.

8,640

7,290

9,990

4,590

5,940

7,290

14,040

16,740

24,840

12,690

15,390

18,090

11,340

14,040

16,740

5,940

7,290

8,640

4,590

5,400

5,940

4,860

5,400

6,480

7,290

8,640

9,990

5,940

7,290

8,640

5,400 3,780

5,940 4,590

7,020 5,400

5,400

5,940

7,290

Low

Medium

High

Monthly salary excluding annual/performance bonus. All figures in USD.

19,440 11,340 8,640 5,940 4,590 3,240

16,740 14,040 9,990 7,290 5,940 3,780

22,140 16,740 11,340 8,640 7,290 4,590

16,740 14,040 9,990 7,290 5,940 4,050

19,440 15,390 11,340 8,640 7,290 5,940

22,140 18,090 12,690 9,990 8,640 7,830

Low

Medium

High

Monthly salary excluding annual/performance

bonus. All figures in USD.

10,800

14,580

20,790

6,480

8,100

9,990

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