Average Financial Banking Analysis Manager Salary in Bahrain for 2024

In this article, we will look at the average Financial Banking Analysis Manager salary for 2024 in Bahrain 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 Bahraini dinar. To keep things simple, we are using the BHD currency code instead of the currency symbol .د.ب.

How Much Does a Financial Banking Analysis Manager Make in Bahrain?

A Financial Banking Analysis Manager working in Bahrain will typically earn around 31,400 BHD per year, and this can range from the lowest average salary of about 14,540 BHD to the highest average salary of 45,600 BHD.

Average Annual Salary
31,400 BHD
Average Monthly Salary
2,616 BHD

Lowest Annual Salary
14,540 BHD
Lowest Monthly Salary
1,211 BHD

Highest Annual Salary
45,600 BHD
Highest Monthly Salary
3,800 BHD

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

Financial Banking Analysis Manager 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 Financial Banking Analysis Manager Salaries in Bahrain

So we've looked at the average salaries a Financial Banking Analysis Manager will earn in Bahrain. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Banking Analysis Manager can earn between 14,540 BHD and 45,600 BHD on average in Bahrain. 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 Financial Banking Analysis Manager in Bahrain is 31,400 BHD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 31,400 BHD, and 50% of the population earn more than 31,400 BHD.

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 Financial Banking Analysis Manager salary in Bahrain, 25% of the population are earning less than 20,940 BHD while 75% of the population earn more than 20,940 BHD.

75% of the population earn less than 39,800 BHD, and 25% of the population earn more than 39,800 BHD.

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.

Financial Banking Analysis Manager Salary by Experience Level in Bahrain

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 financial banking analysis manager 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 Financial Banking Analysis Manager in Bahrain that has less than two years of experience can expect to earn somewhere in the region of 17,760 BHD.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Banking Analysis Manager salary would increase to 23,140 BHD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Banking Analysis Manager, the average salary would be 30,700 BHD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 39,960 BHD.
  • 15 - 20 Years Experience. A Financial Banking Analysis Manager with 15 to 20 years of experience can earn an average of 41,560 BHD.
  • 20+ Years Experience. For a Financial Banking Analysis Manager with more than 20 years, the expected average salary increases to 42,960 BHD.

Average Salary by Experience Chart

0-2 Years
17,760 BHD
2-5 Years +32%
23,140 BHD
5-10 Years +34%
30,700 BHD
10-15 Years +19%
39,960 BHD
15-20 Years +8%
41,560 BHD
20+ Years +7%
42,960 BHD

Financial Banking Analysis Manager Salary by Education Level in Bahrain

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 Financial Banking Analysis Manager in Bahrain based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Financial Banking Analysis Manager in Bahrain with a bachelor's degree education can earn an average salary of 25,160 BHD.

  • Master's Degree. A Financial Banking Analysis Manager in Bahrain with a master's degree education can earn an average salary of 41,180 BHD.

Average Salary by Education Chart

Bachelor's Degree
25,160 BHD
Master's Degree +58%
41,180 BHD

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 Bahrain is around 7,390 to 22,200 BHD 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.

Financial Banking Analysis Manager 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 Bahrain, a male financial banking analysis manager will earn an average of 32,620 BHD, while a female financial banking analysis manager will earn around 31,540 BHD.

This means that a male financial banking analysis manager earns approximately 3% more than a female financial banking analysis manager for performing the same job.

Average Salary by Gender Chart in Bahrain

Male
32,620 BHD
Female -3%
31,540 BHD

Financial Banking Analysis Manager Average Pay Raise in Bahrain

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 Financial Banking Analysis Manager in Bahrain is around 9% every 29 months.

The national average pay raise across all professions and industries in Bahrain is around 4% every 29 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 ÷ 29 ) × 12  = 4%

What this means is that a Financial Banking Analysis Manager in Bahrain can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Bahrain for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Financial Banking Analysis Manager Bonus and Incentive Rates in Bahrain

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 Financial Banking Analysis Manager is a moderate bonus based job, with 64% of employees reporting at least one bonus in the last 12 months.

36% 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
64%
No Bonus
36%

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 Bahrain earn approximately 8% more than private sector employees in the same role.

Public Sector
19,020 BHD
Private Sector -8%
17,540 BHD

Salaries for Jobs Similar to a Financial Banking Analysis Manager

In the table below, we have salary information for jobs that are similar to a Financial Banking Analysis Manager in Bahrain.

Job Title Category Salary
AML Analyst Banking 26,280 BHD
Assistant Bank Branch Manager Banking 23,260 BHD
Assistant Bank Manager Banking 33,440 BHD
ATM Manager Banking 26,100 BHD
ATM Service Technician Banking 6,280 BHD
Bank Accounts Analyst Banking 10,220 BHD
Bank Accounts Collector Banking 6,960 BHD
Bank Accounts Controller Banking 13,780 BHD
Bank Accounts Executive Banking 20,500 BHD
Bank Accounts Manager Banking 23,500 BHD
Bank Auditing Manager Banking 22,420 BHD
Bank Branch Manager Banking 33,960 BHD
Bank Branch Operations Coordinator Banking 13,560 BHD
Bank Clerk Banking 6,960 BHD
Bank Client Service Associate Banking 9,360 BHD
Bank Collector Banking 5,520 BHD
Bank Compliance Specialist Banking 17,860 BHD
Bank Manager Banking 40,420 BHD
Bank Operational Risk Manager Banking 37,740 BHD
Bank Operations Head Banking 40,140 BHD
Bank Operations Officer Banking 15,880 BHD
Bank Operations Specialist Banking 25,940 BHD
Bank Process Manager Banking 21,640 BHD
Bank Product Manager Banking 23,360 BHD
Bank Programme Manager Banking 25,440 BHD
Bank Project Manager Banking 32,020 BHD
Bank Propositions Manager Banking 28,180 BHD
Bank Quantitative Analyst Banking 18,900 BHD
Bank Regional Manager Banking 38,060 BHD
Bank Regional Risk Officer Banking 18,900 BHD
Bank Relationship Manager Banking 29,840 BHD
Bank Relationship Officer Banking 13,960 BHD
Bank Teller Banking 5,520 BHD
Banker Banking 13,780 BHD
Banking Business Analyst Banking 19,380 BHD
Banking Business Development Officer Banking 12,620 BHD
Banking Business Planning Executive Banking 27,480 BHD
Banking Product Manager Banking 23,080 BHD
Banking Reference Data Manager Banking 20,760 BHD
Banking Risk Analyst Banking 19,160 BHD
Banking Technical Analyst Banking 11,300 BHD
Bankruptcy Coordinator Banking 13,960 BHD
Bill and Account Collector Banking 8,440 BHD
Budget Analyst Banking 21,100 BHD
Capital Risk Manager Banking 38,260 BHD
Cards Marketing Manager Banking 24,200 BHD
Cash Management Manager Banking 34,960 BHD
Check Processing Manager Banking 24,720 BHD
Commercial Vault Associate Banking 19,480 BHD
Corporate Banker Banking 12,580 BHD
Corporate Dealer Banking 19,160 BHD
Credit Analyst Banking 14,660 BHD
Credit and Collections Manager Banking 25,160 BHD
Credit Card Fraud Investigator Banking 21,100 BHD
Credit Portfolio Manager Banking 39,960 BHD
Credit Risk Analyst Banking 20,000 BHD
Credit Risk Associate Banking 21,560 BHD
Direct Bank Sales Representative Banking 12,580 BHD
Exchange Control Consultant Banking 20,000 BHD
Executive Account Analyst Banking 20,520 BHD
Financial Bank Planning Consultant Banking 23,260 BHD
Financial Banking Assistant Banking 10,320 BHD
Financial Banking Systems Manager Banking 25,720 BHD
Foreign Exchange Manager Banking 28,900 BHD
Fraud Analyst Banking 19,380 BHD
Fraud Detection Associate Banking 14,920 BHD
Fraud Detection Manager Banking 29,640 BHD
Fraud Detection Supervisor Banking 18,780 BHD
Internal Bank Audit Manager Banking 35,300 BHD
Internal Bank Auditor Banking 17,740 BHD
Internal Private Banker Banking 13,560 BHD
International Banking Manager Banking 41,660 BHD
Investment Banking Analyst Banking 30,840 BHD
Loan Analyst Banking 21,020 BHD
Loan Area Manager Banking 26,020 BHD
Loan Audit Team Leader Banking 22,660 BHD
Loan Branch Manager Banking 24,280 BHD
Loan Business Development Officer Banking 12,520 BHD
Loan Clerk Banking 8,440 BHD
Loan Collection and Recovery Manager Banking 25,220 BHD
Loan Collection Manager Banking 22,340 BHD
Loan Collector Banking 5,520 BHD
Loan Examiner Banking 10,320 BHD
Loan Officer Banking 7,300 BHD
Loan Processing Manager Banking 20,940 BHD
Loan Processor Banking 9,360 BHD
Loan Quality Assurance Auditor Banking 21,540 BHD
Loan Quality Assurance Manager Banking 21,980 BHD
Loan Quality Assurance Representative Banking 17,260 BHD
Loan Review Manager Banking 24,820 BHD
Loan Team Leader Banking 19,020 BHD
Loans Manager Banking 28,180 BHD
Mortgage Advisor Banking 13,960 BHD
Mortgage Collection Manager Banking 24,280 BHD
Mortgage Collector Banking 5,200 BHD
Mortgage Credit Analyst Banking 10,220 BHD
Mortgage Credit Manager Banking 24,280 BHD
Mortgage Development Manager Banking 24,800 BHD
Mortgage Document Reviewer Banking 9,020 BHD
Mortgage Funding Manager Banking 24,200 BHD
Mortgage Operations Manager Banking 34,540 BHD
Mortgage Payment Processing Clerk Banking 5,960 BHD
Mortgage Processing Manager Banking 22,660 BHD
Mortgage Processor Banking 9,440 BHD
Mortgage Quality Assurance Auditor Banking 21,540 BHD
Mortgage Quality Assurance Manager Banking 24,280 BHD
Mortgage Servicing Clerk Banking 7,620 BHD
Mortgage Servicing Manager Banking 21,640 BHD
Mortgage Underwriter Banking 7,080 BHD
Online Banking Manager Banking 36,940 BHD
Payment Processing Clerk Banking 7,620 BHD
Personal Banker Banking 14,200 BHD
Personal Banking Advisor Banking 14,660 BHD
Phone Banker Banking 9,440 BHD
Private Banker Banking 13,100 BHD
Reconciliation and Investigation Specialist Banking 17,560 BHD
Tax Officer Banking 13,060 BHD
Teller Banking 5,520 BHD
Trade Officer Banking 8,960 BHD
Trade Product Manager Banking 23,660 BHD
Trader Banking 9,980 BHD
Treasury Operations Officer Banking 17,560 BHD

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