Average Bank Collector Salary in Mecca, Saudi Arabia for 2024

In this article, we will look at the average Bank Collector salary for 2024 in Mecca and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Saudi riyal. To keep things simple, we are using the SAR currency code instead of the currency symbol ر.س.

How Much Does a Bank Collector Make in Mecca?

A Bank Collector working in Mecca will typically earn around 70,880 SAR per year, and this can range from the lowest average salary of about 36,800 SAR to the highest average salary of 111,240 SAR.

These are average salaries for a Bank Collector in Mecca and include benefits such as housing and transport. It's also possible for a Bank Collector to earn more or less than the average salaries shown above.

Bank Collector salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Bank Collector Salaries in Mecca

So we've looked at the average salaries a Bank Collector will earn in Mecca. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Collector can earn between 36,800 SAR and 111,240 SAR on average in Mecca. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Bank Collector in Mecca is 69,040 SAR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 69,040 SAR, and 50% of the population earn more than 69,040 SAR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Bank Collector salary in Mecca, 25% of the population are earning less than 48,740 SAR while 75% of the population earn more than 48,740 SAR.

75% of the population earn less than 88,600 SAR, and 25% of the population earn more than 88,600 SAR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Bank Collector Salary by Experience Level in Mecca

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average bank collector salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Bank Collector in Mecca that has less than two years of experience can expect to earn somewhere in the region of 40,040 SAR.
• 2 - 5 Years Experience. With two to five years of experience the average Bank Collector salary would increase to 54,140 SAR.
• 5 - 10 Years Experience. From five to ten years of experience as a Bank Collector, the average salary would be 75,220 SAR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 89,460 SAR.
• 15 - 20 Years Experience. A Bank Collector with 15 to 20 years of experience can earn an average of 97,840 SAR.
• 20+ Years Experience. For a Bank Collector with more than 20 years, the expected average salary increases to 104,140 SAR.

Average Salary by Experience Chart

Bank Collector Salary by Education Level in Mecca

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Bank Collector in Mecca based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Bank Collector in Mecca with a high school education can earn an average salary of 48,140 SAR.

• Certificate or Diploma. A Bank Collector in Mecca with a certificate or diploma education can earn an average salary of 70,940 SAR.

• Bachelor's Degree. A Bank Collector in Mecca with a bachelor's degree education can earn an average salary of 106,500 SAR.

Average Salary by Education Chart

Bank Collector Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Mecca, a male bank collector will earn an average of 73,020 SAR, while a female bank collector will earn around 67,560 SAR.

This means that a male bank collector earns approximately 8% more than a female bank collector for performing the same job.

Average Salary by Gender Chart in Mecca

Bank Collector Average Pay Raise in Mecca

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Bank Collector in Mecca is around 11% every 15 months.

The national average pay raise across all professions and industries in Saudi Arabia is around 8% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 15 ) × 12  = 9%

What this means is that a Bank Collector in Mecca can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Mecca for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Saudi Arabia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Bank Collector Bonus and Incentive Rates in Mecca

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Bank Collector is a low bonus based job, with 31% of employees reporting at least one bonus in the last 12 months.

69% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Saudi Arabia earn approximately 8% more than private sector employees in the same role.

Salaries for Jobs Similar to a Bank Collector

In the table below, we have salary information for jobs that are similar to a Bank Collector in Mecca.

Salary Comparison by City

If you want to compare salaries with different cities in Saudi Arabia, you can use the links below to explore the data for each specific city we have researched.

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