Average Chief Financial Officer Salary in Qatar for 2024

In this article, we will look at the average Chief Financial Officer salary for 2024 in Qatar 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 Qatari riyal. To keep things simple, we are using the QAR currency code instead of the currency symbol ุฑ.ู‚.

How Much Does a Chief Financial Officer Make in Qatar?

A Chief Financial Officer working in Qatar will typically earn around 378,800 QAR per year, and this can range from the lowest average salary of about 190,500 QAR to the highest average salary of 588,500 QAR.

Average Annual Salary
378,800 QAR
Average Monthly Salary
31,566 QAR

Lowest Annual Salary
190,500 QAR
Lowest Monthly Salary
15,875 QAR

Highest Annual Salary
588,500 QAR
Highest Monthly Salary
49,041 QAR

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

Chief Financial Officer 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 Chief Financial Officer Salaries in Qatar

So we've looked at the average salaries a Chief Financial Officer will earn in Qatar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Chief Financial Officer can earn between 190,500 QAR and 588,500 QAR on average in Qatar. 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 Chief Financial Officer in Qatar is 378,800 QAR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 378,800 QAR, and 50% of the population earn more than 378,800 QAR.

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 Chief Financial Officer salary in Qatar, 25% of the population are earning less than 254,800 QAR while 75% of the population earn more than 254,800 QAR.

75% of the population earn less than 483,400 QAR, and 25% of the population earn more than 483,400 QAR.

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.

Chief Financial Officer Salary by Experience Level in Qatar

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 chief financial officer 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 Chief Financial Officer in Qatar that has less than two years of experience can expect to earn somewhere in the region of 228,500 QAR.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Financial Officer salary would increase to 301,300 QAR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Financial Officer, the average salary would be 401,300 QAR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 480,600 QAR.
  • 15 - 20 Years Experience. A Chief Financial Officer with 15 to 20 years of experience can earn an average of 518,300 QAR.
  • 20+ Years Experience. For a Chief Financial Officer with more than 20 years, the expected average salary increases to 555,800 QAR.

Average Salary by Experience Chart

0-2 Years
228,500 QAR
2-5 Years +32%
301,300 QAR
5-10 Years +34%
401,300 QAR
10-15 Years +19%
480,600 QAR
15-20 Years +8%
518,300 QAR
20+ Years +7%
555,800 QAR

Chief Financial Officer Salary by Education Level in Qatar

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 Chief Financial Officer in Qatar 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 Chief Financial Officer in Qatar with a high school education can earn an average salary of 282,500 QAR.

  • Certificate or Diploma. A Chief Financial Officer in Qatar with a certificate or diploma education can earn an average salary of 325,600 QAR.

  • Bachelor's Degree. A Chief Financial Officer in Qatar with a bachelor's degree education can earn an average salary of 442,200 QAR.

  • Master's Degree. A Chief Financial Officer in Qatar with a master's degree education can earn an average salary of 555,800 QAR.

Average Salary by Education Chart

High School
282,500 QAR
Certificate or Diploma +14%
325,600 QAR
Bachelor's Degree +36%
442,200 QAR
Master's Degree +26%
555,800 QAR

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 Qatar is around 78,400 to 235,000 QAR 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.

Chief Financial Officer 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 Qatar, a male chief financial officer will earn an average of 386,400 QAR, while a female chief financial officer will earn around 367,200 QAR.

This means that a male chief financial officer earns approximately 5% more than a female chief financial officer for performing the same job.

Average Salary by Gender Chart in Qatar

Male
386,400 QAR
Female -5%
367,200 QAR

Chief Financial Officer Average Pay Raise in Qatar

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 Chief Financial Officer in Qatar is around 15% every 16 months.

The national average pay raise across all professions and industries in Qatar is around 9% every 16 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 = ( 15 ÷ 16 ) × 12  = 11%

What this means is that a Chief Financial Officer in Qatar can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Qatar for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Chief Financial Officer Bonus and Incentive Rates in Qatar

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 Chief Financial Officer is a high bonus based job, with 83% of employees reporting at least one bonus in the last 12 months.

17% 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 5% to 8%.

Received Bonus
83%
No Bonus
17%

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 Qatar earn approximately 5% more than private sector employees in the same role.

Public Sector
192,600 QAR
Private Sector -5%
183,700 QAR

Salaries for Jobs Similar to a Chief Financial Officer

In the table below, we have salary information for jobs that are similar to a Chief Financial Officer in Qatar.

Job Title Category Salary
Account Coordinator Executive and Management 172,400 QAR
Account Director Executive and Management 207,800 QAR
Account Executive Executive and Management 217,900 QAR
Account Manager Executive and Management 205,700 QAR
Administration Manager Executive and Management 205,700 QAR
Administration Officer Executive and Management 108,120 QAR
Administration Supervisor Executive and Management 161,300 QAR
Administrative Clerk Executive and Management 78,620 QAR
Administrative Officer Executive and Management 83,300 QAR
Area Director Executive and Management 183,600 QAR
Area Manager Executive and Management 190,500 QAR
Asset Protection Associate Executive and Management 225,300 QAR
Assistant Director Executive and Management 215,100 QAR
Assistant General Manager Executive and Management 209,500 QAR
Assistant Manager Executive and Management 228,000 QAR
Assistant Managing Director Executive and Management 259,100 QAR
Assistant Operations Manager Executive and Management 239,000 QAR
Assistant Project Manager Executive and Management 221,500 QAR
Assistant Section Head Executive and Management 176,800 QAR
Assistant to CEO Executive and Management 194,600 QAR
Assistant Vice President Executive and Management 233,900 QAR
Associate Account Director Executive and Management 204,000 QAR
Associate Director Executive and Management 207,800 QAR
Bid Manager Executive and Management 251,500 QAR
Branch Manager Executive and Management 225,700 QAR
Business Development Manager Executive and Management 253,400 QAR
Business Operations Associate Executive and Management 221,500 QAR
Business Operations Lead Executive and Management 222,300 QAR
Campaign Manager Executive and Management 237,400 QAR
Catering Coordinator Executive and Management 128,500 QAR
Catering Manager Executive and Management 216,800 QAR
CEO Executive and Management 396,300 QAR
Chairman of The Board Executive and Management 389,200 QAR
Chairman Office Manager Executive and Management 251,500 QAR
Chief Commercial Officer Executive and Management 292,000 QAR
Chief Corporate Officer Executive and Management 341,400 QAR
Chief Executive Officer Executive and Management 424,300 QAR
Chief Investment Officer Executive and Management 315,900 QAR
Chief of Staff Executive and Management 190,500 QAR
Chief Operating Officer Executive and Management 308,300 QAR
Chief Risk Officer Executive and Management 268,900 QAR
Client Account Manager Executive and Management 253,400 QAR
Client Accounts Officer Executive and Management 207,700 QAR
Client Services Manager Executive and Management 257,700 QAR
Commercial Director Executive and Management 271,300 QAR
Commercial Manager Executive and Management 239,000 QAR
Commercial Project Manager Executive and Management 232,400 QAR
Commodity Broker Executive and Management 169,000 QAR
COO Executive and Management 320,500 QAR
Corporate Affairs Executive Executive and Management 237,400 QAR
Corporate Compliance Director Executive and Management 263,100 QAR
Corporate Director Executive and Management 268,900 QAR
Corporate Officer Executive and Management 183,700 QAR
Corporate Partnerships Officer Executive and Management 189,300 QAR
Country Manager Executive and Management 312,400 QAR
Department Head Executive and Management 239,300 QAR
Department Manager Executive and Management 261,300 QAR
Department Supervisor Executive and Management 221,500 QAR
Deputy Director Executive and Management 301,800 QAR
Deputy Manager Executive and Management 275,800 QAR
Director Executive and Management 301,600 QAR
Director of Accreditation Executive and Management 273,000 QAR
Director of Catering Services Executive and Management 239,300 QAR
Director of Client Services Executive and Management 267,100 QAR
Director of Facilities Management Executive and Management 214,000 QAR
Director of Operations Executive and Management 273,000 QAR
Director of Process Simplification Executive and Management 221,500 QAR
Director of Product Management Executive and Management 273,300 QAR
Director of Project Management Executive and Management 283,700 QAR
Director of Revenue Management Executive and Management 238,900 QAR
Director of Training and Development Executive and Management 266,000 QAR
Distribution Manager Executive and Management 277,400 QAR
Division Manager Executive and Management 240,500 QAR
Duty Manager Executive and Management 228,000 QAR
Engagement Manager Executive and Management 275,500 QAR
Executive Director Executive and Management 388,100 QAR
Executive Manager Executive and Management 332,500 QAR
Franchise Manager Executive and Management 330,700 QAR
General Manager Executive and Management 332,500 QAR
Global Master Data Manager Executive and Management 290,800 QAR
Global Technical Lead Executive and Management 197,600 QAR
Head of Investment Executive and Management 275,500 QAR
Head of Middle Office Executive and Management 259,100 QAR
Head of Projects Executive and Management 273,000 QAR
Head of Strategy Executive and Management 294,300 QAR
Head of Supply Chain Executive and Management 259,100 QAR
Head of Sustainability Executive and Management 232,900 QAR
Housing Manager Executive and Management 225,700 QAR
HSE Manager Executive and Management 221,500 QAR
Key Account Manager Executive and Management 232,400 QAR
Knowledge Manager Executive and Management 268,900 QAR
Location Manager Executive and Management 254,800 QAR
Logistics Executive Executive and Management 212,500 QAR
Logistics Manager Executive and Management 209,700 QAR
Management Consultant Executive and Management 218,900 QAR
Management Executive Executive and Management 301,300 QAR
Manager Executive and Management 283,400 QAR
Managing Director Executive and Management 325,900 QAR
MIS Executive Executive and Management 263,100 QAR
Ocean Services Manager Executive and Management 283,400 QAR
Operational Manager Executive and Management 290,800 QAR
Operations Analyst Executive and Management 228,000 QAR
Operations Assistant Executive and Management 200,000 QAR
Operations Director Executive and Management 292,000 QAR
Operations Executive Executive and Management 294,700 QAR
Operations Manager Executive and Management 308,900 QAR
Operations Supervisor Executive and Management 263,200 QAR
Planning Director Executive and Management 281,500 QAR
PMO Manager Executive and Management 243,000 QAR
Policy Administration Executive Executive and Management 233,600 QAR
Private Sector Executive Executive and Management 240,500 QAR
Product Development Manager Executive and Management 271,300 QAR
Product Executive Executive and Management 251,500 QAR
Production Executive Executive and Management 263,200 QAR
Production Manager Executive and Management 271,300 QAR
Production Supervisor Executive and Management 232,900 QAR
Program Director Executive and Management 281,500 QAR
Program Manager Executive and Management 294,300 QAR
Programme Coordinator Executive and Management 205,700 QAR
Project Control Manager Executive and Management 275,800 QAR
Project Coordinator Executive and Management 164,200 QAR
Project Management Officer Executive and Management 190,500 QAR
Project Manager Executive and Management 209,700 QAR
Project Portfolio Manager Executive and Management 208,600 QAR
Quality Manager Executive and Management 218,900 QAR
R/D Director Executive and Management 232,400 QAR
Regional Director Executive and Management 367,900 QAR
Regional Manager Executive and Management 283,400 QAR
Relationship Manager Executive and Management 257,700 QAR
Retail District Manager Executive and Management 196,800 QAR
Revenue Manager Executive and Management 207,700 QAR
Risk and Capital Manager Executive and Management 322,600 QAR
Risk Officer Executive and Management 209,500 QAR
Safety Manager Executive and Management 197,600 QAR
Section Head Executive and Management 204,000 QAR
Service Manager Executive and Management 209,500 QAR
Shift Supervisor Executive and Management 169,000 QAR
Solutions Manager Executive and Management 197,600 QAR
Supervisor Executive and Management 172,400 QAR
Supply Chain Manager Executive and Management 275,500 QAR
Surveyor Executive and Management 197,600 QAR
Technical Director Executive and Management 271,300 QAR
Technical Manager Executive and Management 267,100 QAR
Territory Manager Executive and Management 258,400 QAR
Validation Manager Executive and Management 228,000 QAR
Vice President Executive and Management 330,900 QAR
Zone Manager Executive and Management 279,400 QAR

Salary Comparison by City

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

City Average Salary
Doha 412,000 QAR

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