Average Portfolio Manager Salary in Saudi Arabia for 2024

In this article, we will look at the average Portfolio Manager 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 a Portfolio Manager Make in Saudi Arabia?

A Portfolio Manager working in Saudi Arabia will typically earn around 378,800 SAR per year, and this can range from the lowest average salary of about 200,000 SAR to the highest average salary of 574,200 SAR.

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

Lowest Annual Salary
200,000 SAR
Lowest Monthly Salary
16,666 SAR

Highest Annual Salary
574,200 SAR
Highest Monthly Salary
47,850 SAR

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

Portfolio 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 Portfolio Manager Salaries in Saudi Arabia

So we've looked at the average salaries a Portfolio Manager will earn in Saudi Arabia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Portfolio Manager can earn between 200,000 SAR and 574,200 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 a Portfolio Manager in Saudi Arabia is 357,300 SAR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 357,300 SAR, and 50% of the population earn more than 357,300 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 Portfolio Manager salary in Saudi Arabia, 25% of the population are earning less than 249,600 SAR while 75% of the population earn more than 249,600 SAR.

75% of the population earn less than 436,200 SAR, and 25% of the population earn more than 436,200 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.

Portfolio Manager 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 portfolio 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 Portfolio Manager in Saudi Arabia that has less than two years of experience can expect to earn somewhere in the region of 231,000 SAR.
  • 2 - 5 Years Experience. With two to five years of experience the average Portfolio Manager salary would increase to 282,300 SAR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Portfolio Manager, the average salary would be 399,900 SAR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 467,700 SAR.
  • 15 - 20 Years Experience. A Portfolio Manager with 15 to 20 years of experience can earn an average of 514,800 SAR.
  • 20+ Years Experience. For a Portfolio Manager with more than 20 years, the expected average salary increases to 545,300 SAR.

Average Salary by Experience Chart

0-2 Years
231,000 SAR
2-5 Years +23%
282,300 SAR
5-10 Years +42%
399,900 SAR
10-15 Years +17%
467,700 SAR
15-20 Years +10%
514,800 SAR
20+ Years +6%
545,300 SAR

Portfolio Manager 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 a Portfolio Manager 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. A Portfolio Manager in Saudi Arabia with a high school education can earn an average salary of 279,400 SAR.

  • Certificate or Diploma. A Portfolio Manager in Saudi Arabia with a certificate or diploma education can earn an average salary of 315,900 SAR.

  • Bachelor's Degree. A Portfolio Manager in Saudi Arabia with a bachelor's degree education can earn an average salary of 413,900 SAR.

  • Master's Degree. A Portfolio Manager in Saudi Arabia with a master's degree education can earn an average salary of 545,300 SAR.

Average Salary by Education Chart

High School
279,400 SAR
Certificate or Diploma +13%
315,900 SAR
Bachelor's Degree +31%
413,900 SAR
Master's Degree +32%
545,300 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.

Portfolio 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 Saudi Arabia, a male portfolio manager will earn an average of 396,300 SAR, while a female portfolio manager will earn around 348,300 SAR.

This means that a male portfolio manager earns approximately 14% more than a female portfolio manager for performing the same job.

Average Salary by Gender Chart in Saudi Arabia

Male
396,300 SAR
Female -14%
348,300 SAR

Portfolio Manager 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 a Portfolio Manager in Saudi Arabia is around 12% 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 = ( 12 ÷ 19 ) × 12  = 8%

What this means is that a Portfolio Manager in Saudi Arabia can expect to receive an average pay raise of around 8% 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%

Portfolio Manager 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.

A Portfolio Manager is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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 6% to 8%.

Received Bonus
78%
No Bonus
22%

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 a Portfolio Manager

In the table below, we have salary information for jobs that are similar to a Portfolio Manager in Saudi Arabia.

Job Title Category Salary
Acquisition Associate Real Estate 152,300 SAR
Assistant Leasing Manager Real Estate 207,800 SAR
Assistant Property Manager Real Estate 201,100 SAR
Brokerage Real Estate 152,100 SAR
Brokerage Clerk Real Estate 82,200 SAR
Commercial Leasing Manager Real Estate 312,400 SAR
Commercial Real Estate Manager Real Estate 359,900 SAR
Community Development Manager Real Estate 311,700 SAR
Compliance Specialist Real Estate 159,100 SAR
Development Coordinator Real Estate 159,100 SAR
Director of Real Estate Real Estate 349,300 SAR
Lease Administrator Real Estate 196,800 SAR
Leasing Agent Real Estate 169,000 SAR
Leasing Consultant Real Estate 196,800 SAR
Leasing Manager Real Estate 225,700 SAR
Lettings Assistant Real Estate 84,040 SAR
Portfolio Analyst Real Estate 279,400 SAR
Property Acquisition Agent Real Estate 142,300 SAR
Property and Claims Specialist Real Estate 196,800 SAR
Property Manager Real Estate 245,300 SAR
Property Operations Manager Real Estate 325,600 SAR
Property Tax Assistant Real Estate 159,100 SAR
Real Estate Administrator Real Estate 172,400 SAR
Real Estate Agent Real Estate 164,200 SAR
Real Estate Analyst Real Estate 217,900 SAR
Real Estate Appraiser Real Estate 163,800 SAR
Real Estate Appraiser Real Estate 168,100 SAR
Real Estate Appraiser Real Estate 175,900 SAR
Real Estate Assistant Real Estate 159,100 SAR
Real Estate Association Manager Real Estate 209,500 SAR
Real Estate Broker Real Estate 154,700 SAR
Real Estate General Manager Real Estate 322,600 SAR
Real Estate Project Director Real Estate 315,900 SAR
Real Estate Project Manager Real Estate 275,500 SAR
Real Estate Sales Agent Real Estate 159,400 SAR
Real Estate Valuer Real Estate 169,000 SAR
Research Analyst Real Estate 154,700 SAR
Residential Advisor Real Estate 190,500 SAR
Residential Property Manager Real Estate 218,900 SAR
Shopping Center Manager Real Estate 327,800 SAR
Town Planner Real Estate 339,100 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 365,400 SAR
Dammam 398,300 SAR
Jeddah 419,400 SAR
Khubar 362,200 SAR
Mecca 382,600 SAR
Medina 390,000 SAR
Riyadh 409,000 SAR
Tabuk 335,800 SAR
Taif 351,900 SAR

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