Average Asset Protection Specialist Salary in Saudi Arabia for 2024

In this article, we will look at the average Asset Protection Specialist salary for 2024 in Saudi Arabia 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 an Asset Protection Specialist Make in Saudi Arabia?

An Asset Protection Specialist working in Saudi Arabia will typically earn around 187,500 SAR per year, and this can range from the lowest average salary of about 100,280 SAR to the highest average salary of 283,400 SAR.

Average Annual Salary
187,500 SAR
Average Monthly Salary
15,625 SAR

Lowest Annual Salary
100,280 SAR
Lowest Monthly Salary
8,356 SAR

Highest Annual Salary
283,400 SAR
Highest Monthly Salary
23,616 SAR

These are average salaries for an Asset Protection Specialist in Saudi Arabia and include benefits such as housing and transport. It's also possible for an Asset Protection Specialist to earn more or less than the average salaries shown above.

Asset Protection Specialist 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 Asset Protection Specialist Salaries in Saudi Arabia

So we've looked at the average salaries an Asset Protection Specialist will earn in Saudi Arabia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Asset Protection Specialist can earn between 100,280 SAR and 283,400 SAR on average in Saudi Arabia. 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 an Asset Protection Specialist in Saudi Arabia is 172,200 SAR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 172,200 SAR, and 50% of the population earn more than 172,200 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 Asset Protection Specialist salary in Saudi Arabia, 25% of the population are earning less than 123,400 SAR while 75% of the population earn more than 123,400 SAR.

75% of the population earn less than 208,600 SAR, and 25% of the population earn more than 208,600 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.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Asset Protection Specialist Salary by Experience Level in Saudi Arabia

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 asset protection specialist 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. An Asset Protection Specialist in Saudi Arabia that has less than two years of experience can expect to earn somewhere in the region of 116,380 SAR.
  • 2 - 5 Years Experience. With two to five years of experience the average Asset Protection Specialist salary would increase to 148,300 SAR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Asset Protection Specialist, the average salary would be 194,600 SAR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 228,000 SAR.
  • 15 - 20 Years Experience. An Asset Protection Specialist with 15 to 20 years of experience can earn an average of 252,300 SAR.
  • 20+ Years Experience. For an Asset Protection Specialist with more than 20 years, the expected average salary increases to 271,300 SAR.

Average Salary by Experience Chart

0-2 Years
116,380 SAR
2-5 Years +26%
148,300 SAR
5-10 Years +32%
194,600 SAR
10-15 Years +18%
228,000 SAR
15-20 Years +11%
252,300 SAR
20+ Years +6%
271,300 SAR

Asset Protection Specialist Salary by Education Level in Saudi Arabia

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 an Asset Protection Specialist in Saudi Arabia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Asset Protection Specialist in Saudi Arabia with a high school education can earn an average salary of 143,200 SAR.

  • Certificate or Diploma. An Asset Protection Specialist in Saudi Arabia with a certificate or diploma education can earn an average salary of 159,500 SAR.

  • Bachelor's Degree. An Asset Protection Specialist in Saudi Arabia with a bachelor's degree education can earn an average salary of 209,500 SAR.

  • Master's Degree. An Asset Protection Specialist in Saudi Arabia with a master's degree education can earn an average salary of 263,200 SAR.

Average Salary by Education Chart

High School
143,200 SAR
Certificate or Diploma +13%
159,500 SAR
Bachelor's Degree +32%
209,500 SAR
Master's Degree +24%
263,200 SAR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Saudi Arabia is around 83,500 to 251,000 SAR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Asset Protection Specialist 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 Saudi Arabia, a male asset protection specialist will earn an average of 191,600 SAR, while a female asset protection specialist will earn around 175,900 SAR.

This means that a male asset protection specialist earns approximately 9% more than a female asset protection specialist for performing the same job.

Average Salary by Gender Chart in Saudi Arabia

Male
191,600 SAR
Female -9%
175,900 SAR

Asset Protection Specialist Average Pay Raise in Saudi Arabia

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 an Asset Protection Specialist in Saudi Arabia is around 9% every 19 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 = ( 9 ÷ 19 ) × 12  = 6%

What this means is that an Asset Protection Specialist in Saudi Arabia can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Saudi Arabia 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.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Asset Protection Specialist Bonus and Incentive Rates in Saudi Arabia

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.

An Asset Protection Specialist is a moderate bonus based job, with 50% of employees reporting at least one bonus in the last 12 months.

50% 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 4% to 5%.

Received Bonus
50%
No Bonus
50%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

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.

Public Sector
207,800 SAR
Private Sector -8%
192,600 SAR

Salaries for Jobs Similar to an Asset Protection Specialist

In the table below, we have salary information for jobs that are similar to an Asset Protection Specialist in Saudi Arabia.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 159,500 SAR
Asset Protection Associate Purchasing and Inventory 159,500 SAR
Assistant Buyer Purchasing and Inventory 148,300 SAR
Buyer Purchasing and Inventory 247,800 SAR
Capacity Planner Purchasing and Inventory 175,900 SAR
Category Leader Purchasing and Inventory 174,000 SAR
Category Management Specialist Purchasing and Inventory 180,300 SAR
Category Manager Purchasing and Inventory 204,000 SAR
Channel Services Representative Purchasing and Inventory 187,500 SAR
Contracts Manager Purchasing and Inventory 215,100 SAR
Contracts Specialist Purchasing and Inventory 180,500 SAR
Demand Planner Purchasing and Inventory 192,600 SAR
Demand Planning Manager Purchasing and Inventory 217,900 SAR
Distribution Assistant Purchasing and Inventory 152,300 SAR
Distribution Associate Purchasing and Inventory 154,700 SAR
Distribution Manager Purchasing and Inventory 340,400 SAR
Inventory Analyst Purchasing and Inventory 168,100 SAR
Inventory Control Clerk Purchasing and Inventory 93,340 SAR
Inventory Control Manager Purchasing and Inventory 232,400 SAR
Inventory Management Associate Purchasing and Inventory 172,200 SAR
Inventory Specialist Purchasing and Inventory 163,800 SAR
Logistics Engineer Purchasing and Inventory 152,100 SAR
Master Planner Purchasing and Inventory 163,800 SAR
Material Handler Purchasing and Inventory 102,240 SAR
Material Planning Specialist Purchasing and Inventory 142,300 SAR
Merchandise Manager Purchasing and Inventory 197,600 SAR
Procurement Administrator Purchasing and Inventory 197,600 SAR
Procurement Agent Purchasing and Inventory 128,500 SAR
Procurement Analyst Purchasing and Inventory 209,500 SAR
Procurement Assistant Purchasing and Inventory 136,200 SAR
Procurement Associate Purchasing and Inventory 174,000 SAR
Procurement Clerk Purchasing and Inventory 80,540 SAR
Procurement Engineer Purchasing and Inventory 172,200 SAR
Procurement Manager Purchasing and Inventory 345,700 SAR
Procurement Officer Purchasing and Inventory 80,520 SAR
Procurement Process Analyst Purchasing and Inventory 197,600 SAR
Procurement Specialist Purchasing and Inventory 159,400 SAR
Production Planner Purchasing and Inventory 189,300 SAR
Project Buyer Purchasing and Inventory 204,000 SAR
Purchaser Purchasing and Inventory 268,900 SAR
Purchasing Agent Purchasing and Inventory 139,100 SAR
Purchasing Assistant Purchasing and Inventory 89,960 SAR
Purchasing Manager Purchasing and Inventory 345,700 SAR
Purchasing Officer Purchasing and Inventory 152,000 SAR
Purchasing Supervisor Purchasing and Inventory 218,900 SAR
Shipping and Receiving Clerk Purchasing and Inventory 84,580 SAR
Shipping Coordinator Purchasing and Inventory 161,300 SAR
Stock Clerk Purchasing and Inventory 83,900 SAR
Stock Regulator Purchasing and Inventory 103,200 SAR
Storage Manager Purchasing and Inventory 209,700 SAR
Store Keeper Purchasing and Inventory 83,060 SAR
Stores and Logistics Coordinator Purchasing and Inventory 169,000 SAR
Supply Chain Analyst Purchasing and Inventory 240,500 SAR
Supply Chain Coordinator Purchasing and Inventory 175,900 SAR
Supply Chain Development Manager Purchasing and Inventory 317,700 SAR
Supply Chain Director Purchasing and Inventory 361,600 SAR
Supply Chain Manager Purchasing and Inventory 332,100 SAR
Supply Planner Purchasing and Inventory 159,100 SAR
Warehouse Assistant Purchasing and Inventory 64,920 SAR
Warehouse Clerk Purchasing and Inventory 71,020 SAR
Warehouse Executive Purchasing and Inventory 297,000 SAR
Warehouse Lead Purchasing and Inventory 192,000 SAR
Warehouse Manager Purchasing and Inventory 315,700 SAR
Warehouse Supervisor Purchasing and Inventory 200,000 SAR
Wholesale Buyer Purchasing and Inventory 258,400 SAR

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.

City Average Salary
Abha 176,800 SAR
Dammam 183,700 SAR
Jeddah 191,600 SAR
Khubar 181,600 SAR
Mecca 190,500 SAR
Medina 187,300 SAR
Riyadh 195,200 SAR
Tabuk 169,000 SAR
Taif 172,400 SAR

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