Average Risk Officer Salary in United Arab Emirates for 2024

In this article, we will look at the average Risk Officer salary for 2024 in United Arab Emirates 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 United Arab Emirates dirham. To keep things simple, we are using the AED currency code instead of the currency symbol د.إ.

How Much Does a Risk Officer Make in United Arab Emirates?

A Risk Officer working in United Arab Emirates will typically earn around 275,800 AED per year, and this can range from the lowest average salary of about 125,700 AED to the highest average salary of 436,200 AED.

Average Annual Salary
275,800 AED
Average Monthly Salary
22,983 AED

Lowest Annual Salary
125,700 AED
Lowest Monthly Salary
10,475 AED

Highest Annual Salary
436,200 AED
Highest Monthly Salary
36,350 AED

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

Risk 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 Risk Officer Salaries in United Arab Emirates

So we've looked at the average salaries a Risk Officer will earn in United Arab Emirates. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Officer can earn between 125,700 AED and 436,200 AED on average in United Arab Emirates. 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 Risk Officer in United Arab Emirates is 299,500 AED. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 299,500 AED, and 50% of the population earn more than 299,500 AED.

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 Risk Officer salary in United Arab Emirates, 25% of the population are earning less than 192,000 AED while 75% of the population earn more than 192,000 AED.

75% of the population earn less than 396,300 AED, and 25% of the population earn more than 396,300 AED.

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.

Risk Officer Salary by Experience Level in United Arab Emirates

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 risk 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 Risk Officer in United Arab Emirates that has less than two years of experience can expect to earn somewhere in the region of 142,300 AED.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Officer salary would increase to 192,600 AED.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Officer, the average salary would be 282,500 AED.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 345,700 AED.
  • 15 - 20 Years Experience. A Risk Officer with 15 to 20 years of experience can earn an average of 378,300 AED.
  • 20+ Years Experience. For a Risk Officer with more than 20 years, the expected average salary increases to 409,000 AED.

Average Salary by Experience Chart

0-2 Years
142,300 AED
2-5 Years +34%
192,600 AED
5-10 Years +48%
282,500 AED
10-15 Years +22%
345,700 AED
15-20 Years +9%
378,300 AED
20+ Years +8%
409,000 AED

Risk Officer Salary by Education Level in United Arab Emirates

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 Risk Officer in United Arab Emirates 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 Risk Officer in United Arab Emirates with a high school education can earn an average salary of 176,800 AED.

  • Certificate or Diploma. A Risk Officer in United Arab Emirates with a certificate or diploma education can earn an average salary of 207,700 AED.

  • Bachelor's Degree. A Risk Officer in United Arab Emirates with a bachelor's degree education can earn an average salary of 301,300 AED.

  • Master's Degree. A Risk Officer in United Arab Emirates with a master's degree education can earn an average salary of 394,300 AED.

Average Salary by Education Chart

High School
176,800 AED
Certificate or Diploma +18%
207,700 AED
Bachelor's Degree +45%
301,300 AED
Master's Degree +31%
394,300 AED

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 United Arab Emirates is around 97,900 to 294,000 AED 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.

Risk 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 United Arab Emirates, a male risk officer will earn an average of 286,400 AED, while a female risk officer will earn around 263,900 AED.

This means that a male risk officer earns approximately 9% more than a female risk officer for performing the same job.

Average Salary by Gender Chart in United Arab Emirates

Male
286,400 AED
Female -9%
263,900 AED

Risk Officer Average Pay Raise in United Arab Emirates

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 Risk Officer in United Arab Emirates is around 12% every 16 months.

The national average pay raise across all professions and industries in United Arab Emirates 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 ÷ 16 ) × 12  = 9%

What this means is that a Risk Officer in United Arab Emirates can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in United Arab Emirates for 2024

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

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%

Risk Officer Bonus and Incentive Rates in United Arab Emirates

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 Risk Officer is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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 0% to 4%.

Received Bonus
35%
No Bonus
65%

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 United Arab Emirates earn approximately 5% more than private sector employees in the same role.

Public Sector
239,300 AED
Private Sector -5%
228,500 AED

Salaries for Jobs Similar to a Risk Officer

In the table below, we have salary information for jobs that are similar to a Risk Officer in United Arab Emirates.

Job Title Category Salary
Account Coordinator Executive and Management 210,500 AED
Account Director Executive and Management 266,000 AED
Account Executive Executive and Management 263,900 AED
Account Manager Executive and Management 253,400 AED
Administration Manager Executive and Management 273,000 AED
Administration Officer Executive and Management 148,300 AED
Administration Supervisor Executive and Management 216,800 AED
Administrative Clerk Executive and Management 106,360 AED
Administrative Officer Executive and Management 101,860 AED
Area Director Executive and Management 239,000 AED
Area Manager Executive and Management 239,000 AED
Asset Protection Associate Executive and Management 308,900 AED
Assistant Director Executive and Management 272,800 AED
Assistant General Manager Executive and Management 301,300 AED
Assistant Manager Executive and Management 301,300 AED
Assistant Managing Director Executive and Management 325,800 AED
Assistant Operations Manager Executive and Management 319,600 AED
Assistant Project Manager Executive and Management 275,500 AED
Assistant Section Head Executive and Management 239,300 AED
Assistant to CEO Executive and Management 271,300 AED
Assistant Vice President Executive and Management 314,500 AED
Associate Account Director Executive and Management 283,700 AED
Associate Director Executive and Management 275,800 AED
Bid Manager Executive and Management 322,600 AED
Branch Manager Executive and Management 297,000 AED
Business Development Manager Executive and Management 354,000 AED
Business Operations Associate Executive and Management 292,000 AED
Business Operations Lead Executive and Management 281,500 AED
Campaign Manager Executive and Management 301,700 AED
Catering Coordinator Executive and Management 172,200 AED
Catering Manager Executive and Management 279,400 AED
CEO Executive and Management 528,600 AED
Chairman of The Board Executive and Management 524,400 AED
Chairman Office Manager Executive and Management 352,000 AED
Chief Commercial Officer Executive and Management 392,300 AED
Chief Corporate Officer Executive and Management 417,100 AED
Chief Executive Officer Executive and Management 543,200 AED
Chief Financial Officer Executive and Management 485,300 AED
Chief Investment Officer Executive and Management 397,900 AED
Chief of Staff Executive and Management 239,300 AED
Chief Operating Officer Executive and Management 419,400 AED
Chief Risk Officer Executive and Management 344,600 AED
Client Account Manager Executive and Management 325,900 AED
Client Accounts Officer Executive and Management 281,500 AED
Client Services Manager Executive and Management 341,900 AED
Commercial Director Executive and Management 377,200 AED
Commercial Manager Executive and Management 318,800 AED
Commercial Project Manager Executive and Management 308,900 AED
Commodity Broker Executive and Management 218,900 AED
COO Executive and Management 404,600 AED
Corporate Affairs Executive Executive and Management 314,500 AED
Corporate Compliance Director Executive and Management 369,900 AED
Corporate Director Executive and Management 361,500 AED
Corporate Officer Executive and Management 245,300 AED
Corporate Partnerships Officer Executive and Management 261,300 AED
Country Manager Executive and Management 417,200 AED
Department Head Executive and Management 325,600 AED
Department Manager Executive and Management 335,100 AED
Department Supervisor Executive and Management 294,700 AED
Deputy Director Executive and Management 384,500 AED
Deputy Manager Executive and Management 396,300 AED
Director Executive and Management 413,900 AED
Director of Accreditation Executive and Management 369,900 AED
Director of Catering Services Executive and Management 309,800 AED
Director of Client Services Executive and Management 361,500 AED
Director of Facilities Management Executive and Management 290,800 AED
Director of Operations Executive and Management 351,900 AED
Director of Process Simplification Executive and Management 290,800 AED
Director of Product Management Executive and Management 344,600 AED
Director of Project Management Executive and Management 365,400 AED
Director of Revenue Management Executive and Management 335,100 AED
Director of Training and Development Executive and Management 361,600 AED
Distribution Manager Executive and Management 357,700 AED
Division Manager Executive and Management 308,300 AED
Duty Manager Executive and Management 296,000 AED
Engagement Manager Executive and Management 363,000 AED
Executive Director Executive and Management 533,000 AED
Executive Manager Executive and Management 433,400 AED
Franchise Manager Executive and Management 476,600 AED
General Manager Executive and Management 430,500 AED
Global Master Data Manager Executive and Management 390,000 AED
Global Technical Lead Executive and Management 253,400 AED
Head of Investment Executive and Management 354,000 AED
Head of Middle Office Executive and Management 330,900 AED
Head of Projects Executive and Management 348,300 AED
Head of Strategy Executive and Management 415,900 AED
Head of Supply Chain Executive and Management 344,600 AED
Head of Sustainability Executive and Management 294,700 AED
Housing Manager Executive and Management 290,800 AED
HSE Manager Executive and Management 294,300 AED
Key Account Manager Executive and Management 297,000 AED
Knowledge Manager Executive and Management 359,900 AED
Location Manager Executive and Management 332,100 AED
Logistics Executive Executive and Management 275,500 AED
Logistics Manager Executive and Management 283,400 AED
Management Consultant Executive and Management 299,500 AED
Management Executive Executive and Management 399,900 AED
Manager Executive and Management 378,300 AED
Managing Director Executive and Management 424,900 AED
MIS Executive Executive and Management 381,800 AED
Ocean Services Manager Executive and Management 392,300 AED
Operational Manager Executive and Management 369,900 AED
Operations Analyst Executive and Management 325,800 AED
Operations Assistant Executive and Management 254,700 AED
Operations Director Executive and Management 392,300 AED
Operations Executive Executive and Management 394,500 AED
Operations Manager Executive and Management 394,800 AED
Operations Supervisor Executive and Management 341,900 AED
Planning Director Executive and Management 382,600 AED
PMO Manager Executive and Management 351,900 AED
Policy Administration Executive Executive and Management 305,600 AED
Private Sector Executive Executive and Management 322,600 AED
Product Development Manager Executive and Management 363,000 AED
Product Executive Executive and Management 307,400 AED
Production Executive Executive and Management 375,200 AED
Production Manager Executive and Management 381,800 AED
Production Supervisor Executive and Management 314,500 AED
Program Director Executive and Management 369,300 AED
Program Manager Executive and Management 376,800 AED
Programme Coordinator Executive and Management 267,100 AED
Project Control Manager Executive and Management 363,000 AED
Project Coordinator Executive and Management 231,000 AED
Project Management Officer Executive and Management 257,700 AED
Project Manager Executive and Management 258,400 AED
Project Portfolio Manager Executive and Management 301,800 AED
Quality Manager Executive and Management 283,700 AED
R/D Director Executive and Management 317,700 AED
Regional Director Executive and Management 504,300 AED
Regional Manager Executive and Management 377,200 AED
Relationship Manager Executive and Management 371,100 AED
Retail District Manager Executive and Management 240,500 AED
Revenue Manager Executive and Management 297,000 AED
Risk and Capital Manager Executive and Management 404,600 AED
Safety Manager Executive and Management 263,100 AED
Section Head Executive and Management 288,100 AED
Service Manager Executive and Management 282,300 AED
Shift Supervisor Executive and Management 218,900 AED
Solutions Manager Executive and Management 263,100 AED
Supervisor Executive and Management 209,500 AED
Supply Chain Manager Executive and Management 369,300 AED
Surveyor Executive and Management 259,100 AED
Technical Director Executive and Management 351,200 AED
Technical Manager Executive and Management 353,600 AED
Territory Manager Executive and Management 367,200 AED
Validation Manager Executive and Management 297,000 AED
Vice President Executive and Management 433,400 AED
Zone Manager Executive and Management 382,600 AED

Salary Comparison by City

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

City Average Salary
Abu Dhabi 294,700 AED
Ajman 263,100 AED
Al Ain 263,100 AED
Dubai 288,700 AED
Fujairah 251,500 AED
Ras Al Khaimah 249,600 AED
Sharjah 294,700 AED
Um Al Quiwain 251,500 AED

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