Average Financial Dealer and Broker Salary in Kuwait for 2024

In this article, we will look at the average Financial Dealer and Broker salary for 2024 in Kuwait 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 Kuwaiti dinar. To keep things simple, we are using the KWD currency code instead of the currency symbol ุฏ.ูƒ.

How Much Does a Financial Dealer and Broker Make in Kuwait?

A Financial Dealer and Broker working in Kuwait will typically earn around 11,040 KWD per year, and this can range from the lowest average salary of about 5,200 KWD to the highest average salary of 20,300 KWD.

Average Annual Salary
11,040 KWD
Average Monthly Salary
920 KWD

Lowest Annual Salary
5,200 KWD
Lowest Monthly Salary
433 KWD

Highest Annual Salary
20,300 KWD
Highest Monthly Salary
1,691 KWD

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

Financial Dealer and Broker 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 Dealer and Broker Salaries in Kuwait

So we've looked at the average salaries a Financial Dealer and Broker will earn in Kuwait. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Financial Dealer and Broker can earn between 5,200 KWD and 20,300 KWD on average in Kuwait. 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 Dealer and Broker in Kuwait is 10,080 KWD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 10,080 KWD, and 50% of the population earn more than 10,080 KWD.

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 Dealer and Broker salary in Kuwait, 25% of the population are earning less than 6,440 KWD while 75% of the population earn more than 6,440 KWD.

75% of the population earn less than 11,880 KWD, and 25% of the population earn more than 11,880 KWD.

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 Dealer and Broker Salary by Experience Level in Kuwait

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 dealer and broker 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 Dealer and Broker in Kuwait that has less than two years of experience can expect to earn somewhere in the region of 6,280 KWD.
  • 2 - 5 Years Experience. With two to five years of experience the average Financial Dealer and Broker salary would increase to 7,820 KWD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Financial Dealer and Broker, the average salary would be 13,540 KWD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 17,020 KWD.
  • 15 - 20 Years Experience. A Financial Dealer and Broker with 15 to 20 years of experience can earn an average of 15,380 KWD.
  • 20+ Years Experience. For a Financial Dealer and Broker with more than 20 years, the expected average salary increases to 17,860 KWD.

Average Salary by Experience Chart

0-2 Years
6,280 KWD
2-5 Years +26%
7,820 KWD
5-10 Years +32%
13,540 KWD
10-15 Years +18%
17,020 KWD
15-20 Years +11%
15,380 KWD
20+ Years +6%
17,860 KWD

Financial Dealer and Broker Salary by Education Level in Kuwait

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 Dealer and Broker in Kuwait 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 Financial Dealer and Broker in Kuwait with a high school education can earn an average salary of 8,560 KWD.

  • Certificate or Diploma. A Financial Dealer and Broker in Kuwait with a certificate or diploma education can earn an average salary of 9,960 KWD.

  • Bachelor's Degree. A Financial Dealer and Broker in Kuwait with a bachelor's degree education can earn an average salary of 12,620 KWD.

  • Master's Degree. A Financial Dealer and Broker in Kuwait with a master's degree education can earn an average salary of 18,780 KWD.

Average Salary by Education Chart

High School
8,560 KWD
Certificate or Diploma +13%
9,960 KWD
Bachelor's Degree +32%
12,620 KWD
Master's Degree +24%
18,780 KWD

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 Kuwait is around 6,320 to 19,000 KWD 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 Dealer and Broker 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 Kuwait, a male financial dealer and broker will earn an average of 12,120 KWD, while a female financial dealer and broker will earn around 13,660 KWD.

This means that a male financial dealer and broker earns approximately 11% less than a female financial dealer and broker for performing the same job.

Average Salary by Gender Chart in Kuwait

Male
12,120 KWD
Female +11%
13,660 KWD

Financial Dealer and Broker Average Pay Raise in Kuwait

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 Dealer and Broker in Kuwait is around 7% every 28 months.

The national average pay raise across all professions and industries in Kuwait 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Financial Dealer and Broker in Kuwait can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Kuwait for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Financial Dealer and Broker Bonus and Incentive Rates in Kuwait

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 Dealer and Broker is a low bonus based job, with 33% of employees reporting at least one bonus in the last 12 months.

67% 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
33%
No Bonus
67%

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 Kuwait earn approximately 12% more than private sector employees in the same role.

Public Sector
16,400 KWD
Private Sector -12%
14,660 KWD

Salaries for Jobs Similar to a Financial Dealer and Broker

In the table below, we have salary information for jobs that are similar to a Financial Dealer and Broker in Kuwait.

Job Title Category Salary
Account Examiner Accounting and Finance 10,100 KWD
Account Executive Accounting and Finance 14,540 KWD
Accountant Accounting and Finance 10,220 KWD
Accounting Analyst Accounting and Finance 11,360 KWD
Accounting Assistant Accounting and Finance 9,360 KWD
Accounting Associate Accounting and Finance 8,780 KWD
Accounting Clerk Accounting and Finance 5,520 KWD
Accounting Coordinator Accounting and Finance 9,980 KWD
Accounting Head Accounting and Finance 21,640 KWD
Accounting Manager Accounting and Finance 20,760 KWD
Accounting Officer Accounting and Finance 8,420 KWD
Accounting Specialist Accounting and Finance 14,660 KWD
Accounting Supervisor Accounting and Finance 14,660 KWD
Accounting Technician Accounting and Finance 6,440 KWD
Accounting Unit Controller Accounting and Finance 18,780 KWD
Accounts Executive Accounting and Finance 12,580 KWD
Accounts Officer Accounting and Finance 7,240 KWD
Accounts Payable and Receivable Specialist Accounting and Finance 10,080 KWD
Accounts Payable Assistant Accounting and Finance 7,080 KWD
Accounts Payable Associate Accounting and Finance 8,100 KWD
Accounts Payable Clerk Accounting and Finance 6,440 KWD
Accounts Payable Manager Accounting and Finance 20,000 KWD
Accounts Receivable Administrator Accounting and Finance 15,380 KWD
Accounts Receivable Clerk Accounting and Finance 8,780 KWD
Accounts Receivable Financial Analyst Accounting and Finance 17,260 KWD
Accounts Receivable Manager Accounting and Finance 20,460 KWD
Accounts Receivable Team Leader Accounting and Finance 15,580 KWD
Assistant Accountant Accounting and Finance 9,360 KWD
Assistant Accounting Manager Accounting and Finance 19,160 KWD
Assistant Auditor Accounting and Finance 12,760 KWD
Assistant Corporate Controller Accounting and Finance 15,580 KWD
Assistant Finance Manager Accounting and Finance 21,300 KWD
Assistant Financial Controller Accounting and Finance 14,540 KWD
Audit Director Accounting and Finance 25,160 KWD
Audit Supervisor Accounting and Finance 19,160 KWD
Auditing Clerk Accounting and Finance 7,240 KWD
Auditing Manager Accounting and Finance 20,460 KWD
Billing Clerk Accounting and Finance 9,360 KWD
Billing Coordinator Accounting and Finance 8,100 KWD
Billing Specialist Accounting and Finance 13,660 KWD
Billing Supervisor Accounting and Finance 16,720 KWD
Bookkeeper Accounting and Finance 7,040 KWD
Bookkeeping Specialist Accounting and Finance 10,220 KWD
Budget Analyst Accounting and Finance 19,860 KWD
Budget Manager Accounting and Finance 20,000 KWD
Business Support Analyst Accounting and Finance 13,700 KWD
Capital Markets Associate Accounting and Finance 17,620 KWD
Cash Flow Analyst Accounting and Finance 16,880 KWD
Cash Management Manager Accounting and Finance 21,560 KWD
Cash Management Officer Accounting and Finance 13,700 KWD
Cashbook Clerk Accounting and Finance 7,040 KWD
Chartered Accountant Accounting and Finance 13,560 KWD
Chief Accountant Accounting and Finance 14,820 KWD
Collections Clerk Accounting and Finance 6,760 KWD
Collections Representative Accounting and Finance 8,100 KWD
Collections Specialist Accounting and Finance 12,840 KWD
Corporate Controller Accounting and Finance 17,560 KWD
Corporate Treasurer Accounting and Finance 19,060 KWD
Cost Accountant Accounting and Finance 9,960 KWD
Cost Accounting Manager Accounting and Finance 19,940 KWD
Cost Accounting Supervisor Accounting and Finance 18,780 KWD
Cost Analyst Accounting and Finance 17,860 KWD
Credit and Collection Manager Accounting and Finance 21,380 KWD
Credit and Collection Staff Accounting and Finance 9,020 KWD
Credit and Loans Officer Accounting and Finance 8,960 KWD
Credit Controller Accounting and Finance 17,020 KWD
Credit Manager Accounting and Finance 22,400 KWD
Debt Adviser Accounting and Finance 19,360 KWD
Debt Collector Accounting and Finance 9,020 KWD
Debtors Clerk Accounting and Finance 8,420 KWD
Debtors Controller Accounting and Finance 8,420 KWD
Deputy CFO Accounting and Finance 29,320 KWD
Deputy Head of Finance Accounting and Finance 31,080 KWD
Derivative Trader Accounting and Finance 17,760 KWD
Director of Finance Accounting and Finance 35,560 KWD
Economist Accounting and Finance 25,160 KWD
Equity Analyst Accounting and Finance 19,020 KWD
Escrow Assistant Accounting and Finance 10,380 KWD
Executive Accountant Accounting and Finance 12,120 KWD
External Auditor Accounting and Finance 13,100 KWD
Finance Administrator Accounting and Finance 12,120 KWD
Finance Analyst Accounting and Finance 21,100 KWD
Finance Associate Accounting and Finance 8,100 KWD
Finance Director Accounting and Finance 31,520 KWD
Finance Executive Accounting and Finance 21,300 KWD
Finance Licensing Clerk Accounting and Finance 7,300 KWD
Finance Licensing Manager Accounting and Finance 21,400 KWD
Finance Licensing Specialist Accounting and Finance 12,200 KWD
Finance Manager Accounting and Finance 33,120 KWD
Finance Officer Accounting and Finance 9,740 KWD
Finance President Accounting and Finance 35,560 KWD
Finance Relationship Manager Accounting and Finance 24,800 KWD
Finance Release Analyst Accounting and Finance 13,540 KWD
Finance Specialist Accounting and Finance 18,780 KWD
Finance Team Leader Accounting and Finance 27,020 KWD
Financial Accountant Accounting and Finance 8,880 KWD
Financial Actuary Accounting and Finance 16,340 KWD
Financial Administrator Accounting and Finance 16,980 KWD
Financial Advisor Accounting and Finance 19,020 KWD
Financial Analyst Accounting and Finance 19,060 KWD
Financial Applications Specialist Accounting and Finance 13,960 KWD
Financial Assistant Accounting and Finance 7,080 KWD
Financial Associate Accounting and Finance 9,020 KWD
Financial Associate Accounting and Finance 12,020 KWD
Financial Claims Analyst Accounting and Finance 14,540 KWD
Financial Claims Manager Accounting and Finance 21,100 KWD
Financial Claims Supervisor Accounting and Finance 15,700 KWD
Financial Clerk Accounting and Finance 6,440 KWD
Financial Commercial Analyst Accounting and Finance 16,400 KWD
Financial Compliance Analyst Accounting and Finance 17,860 KWD
Financial Consultant Accounting and Finance 15,880 KWD
Financial Controller Accounting and Finance 17,860 KWD
Financial Controller Accounting and Finance 19,220 KWD
Financial Coordinator Accounting and Finance 11,300 KWD
Financial Customer Service Manager Accounting and Finance 19,020 KWD
Financial Director Accounting and Finance 31,520 KWD
Financial Encoder Accounting and Finance 10,320 KWD
Financial Manager Accounting and Finance 27,480 KWD
Financial Manager Accounting and Finance 29,320 KWD
Financial Operations Manager Accounting and Finance 29,040 KWD
Financial Policy Analyst Accounting and Finance 15,300 KWD
Financial Project Manager Accounting and Finance 21,980 KWD
Financial Quantitative Analyst Accounting and Finance 17,760 KWD
Financial Reporting Consultant Accounting and Finance 16,400 KWD
Financial Reporting Manager Accounting and Finance 19,060 KWD
Financial Section Head Accounting and Finance 21,640 KWD
Financial Services Manager Accounting and Finance 29,040 KWD
Financial Services Sales Agent Accounting and Finance 12,620 KWD
Fixed Assets Administrator Accounting and Finance 12,760 KWD
Forensic Accountant Accounting and Finance 13,060 KWD
Fraud Detection Supervisor Accounting and Finance 13,900 KWD
Fraud Prevention Manager Accounting and Finance 23,400 KWD
Fund Accountant Accounting and Finance 9,960 KWD
Grants Coordinator Accounting and Finance 9,020 KWD
Group Financial Manager Accounting and Finance 32,900 KWD
Internal Auditor Accounting and Finance 14,840 KWD
Internal Control Adviser Accounting and Finance 16,720 KWD
Internal Control Officer Accounting and Finance 10,380 KWD
International Tax Director Accounting and Finance 27,020 KWD
Inventory Accountant Accounting and Finance 10,000 KWD
Investment Advisor Accounting and Finance 30,700 KWD
Investment Analyst Accounting and Finance 20,760 KWD
Investment Associate Accounting and Finance 20,120 KWD
Investment Broker Accounting and Finance 15,920 KWD
Investment Fund Manager Accounting and Finance 23,700 KWD
Investment Operations Manager Accounting and Finance 22,340 KWD
Investment Underwriter Accounting and Finance 7,820 KWD
Investor Accounting and Finance 12,240 KWD
Investor Relations Manager Accounting and Finance 23,400 KWD
KYC Team Leader Accounting and Finance 23,380 KWD
Loan Processor Accounting and Finance 7,240 KWD
Management Accountant Accounting and Finance 12,180 KWD
Management Economist Accounting and Finance 27,380 KWD
Paymaster Accounting and Finance 10,320 KWD
Payroll Administrator Accounting and Finance 15,880 KWD
Payroll Benefits Coordinator Accounting and Finance 13,660 KWD
Payroll Billing Manager Accounting and Finance 19,480 KWD
Payroll Clerk Accounting and Finance 9,460 KWD
Payroll Manager Accounting and Finance 18,900 KWD
Payroll Officer Accounting and Finance 8,100 KWD
Payroll Specialist Accounting and Finance 12,520 KWD
Payroll Supervisor Accounting and Finance 13,960 KWD
Pensions Administrator Accounting and Finance 9,940 KWD
Personal Financial Advisor Accounting and Finance 16,880 KWD
Pricing Analyst Accounting and Finance 15,700 KWD
Private Equity Analyst Accounting and Finance 21,100 KWD
Project Accountant Accounting and Finance 12,620 KWD
Proposal Development Coordinator Accounting and Finance 9,140 KWD
Receivables Accountant Accounting and Finance 9,460 KWD
Regulatory Accountant Accounting and Finance 13,700 KWD
Retirement Plan Analyst Accounting and Finance 17,560 KWD
Revenue Management Specialist Accounting and Finance 19,220 KWD
Revenue Recognition Analyst Accounting and Finance 19,380 KWD
Risk Management Director Accounting and Finance 29,040 KWD
Risk Management Supervisor Accounting and Finance 21,980 KWD
Staff Accountant Accounting and Finance 8,880 KWD
Tax Accountant Accounting and Finance 9,740 KWD
Tax Administrator Accounting and Finance 12,180 KWD
Tax Advisor Accounting and Finance 16,340 KWD
Tax Analyst Accounting and Finance 18,780 KWD
Tax Associate Accounting and Finance 8,100 KWD
Tax Consultant Accounting and Finance 19,640 KWD
Tax Director Accounting and Finance 23,260 KWD
Tax Examiner Accounting and Finance 12,520 KWD
Tax Manager Accounting and Finance 20,000 KWD
Tax Research Manager Accounting and Finance 19,940 KWD
Teller Accounting and Finance 6,080 KWD
Treasury Accountant Accounting and Finance 12,520 KWD
Treasury Analyst Accounting and Finance 20,120 KWD
Underwriter Accounting and Finance 6,280 KWD
Underwriting Assistant Accounting and Finance 7,620 KWD
Vice President of Finance Accounting and Finance 30,800 KWD

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