Average Underwriting Assistant Salary in Bahrain for 2024

In this article, we will look at the average Underwriting Assistant 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 an Underwriting Assistant Make in Bahrain?

An Underwriting Assistant working in Bahrain will typically earn around 8,780 BHD per year, and this can range from the lowest average salary of about 2,420 BHD to the highest average salary of 13,700 BHD.

Average Annual Salary
8,780 BHD
Average Monthly Salary
731 BHD

Lowest Annual Salary
2,420 BHD
Lowest Monthly Salary
201 BHD

Highest Annual Salary
13,700 BHD
Highest Monthly Salary
1,141 BHD

These are average salaries for an Underwriting Assistant in Bahrain and include benefits such as housing and transport. It's also possible for an Underwriting Assistant to earn more or less than the average salaries shown above.

Underwriting Assistant 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 Underwriting Assistant Salaries in Bahrain

So we've looked at the average salaries an Underwriting Assistant will earn in Bahrain. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Underwriting Assistant can earn between 2,420 BHD and 13,700 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 an Underwriting Assistant in Bahrain is 8,420 BHD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 8,420 BHD, and 50% of the population earn more than 8,420 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 Underwriting Assistant salary in Bahrain, 25% of the population are earning less than 5,720 BHD while 75% of the population earn more than 5,720 BHD.

75% of the population earn less than 9,140 BHD, and 25% of the population earn more than 9,140 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.

Underwriting Assistant 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 underwriting assistant 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. An Underwriting Assistant in Bahrain that has less than two years of experience can expect to earn somewhere in the region of 4,320 BHD.
  • 2 - 5 Years Experience. With two to five years of experience the average Underwriting Assistant salary would increase to 5,200 BHD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Underwriting Assistant, the average salary would be 9,020 BHD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 12,020 BHD.
  • 15 - 20 Years Experience. An Underwriting Assistant with 15 to 20 years of experience can earn an average of 10,080 BHD.
  • 20+ Years Experience. For an Underwriting Assistant with more than 20 years, the expected average salary increases to 12,180 BHD.

Average Salary by Experience Chart

0-2 Years
4,320 BHD
2-5 Years +34%
5,200 BHD
5-10 Years +30%
9,020 BHD
10-15 Years +21%
12,020 BHD
15-20 Years +9%
10,080 BHD
20+ Years +5%
12,180 BHD

Underwriting Assistant 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 an Underwriting Assistant in Bahrain based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Underwriting Assistant in Bahrain with a high school education can earn an average salary of 5,160 BHD.

  • Certificate or Diploma. An Underwriting Assistant in Bahrain with a certificate or diploma education can earn an average salary of 8,780 BHD.

  • Bachelor's Degree. An Underwriting Assistant in Bahrain with a bachelor's degree education can earn an average salary of 12,520 BHD.

Average Salary by Education Chart

High School
5,160 BHD
Certificate or Diploma +43%
8,780 BHD
Bachelor's Degree +38%
12,520 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.

Underwriting Assistant 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 underwriting assistant will earn an average of 7,240 BHD, while a female underwriting assistant will earn around 6,440 BHD.

This means that a male underwriting assistant earns approximately 12% more than a female underwriting assistant for performing the same job.

Average Salary by Gender Chart in Bahrain

Male
7,240 BHD
Female -12%
6,440 BHD

Underwriting Assistant 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 an Underwriting Assistant in Bahrain is around 6% every 28 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that an Underwriting Assistant in Bahrain can expect to receive an average pay raise of around 3% 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%

Underwriting Assistant 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.

An Underwriting Assistant is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 3%.

Received Bonus
9%
No Bonus
91%

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 an Underwriting Assistant

In the table below, we have salary information for jobs that are similar to an Underwriting Assistant in Bahrain.

Job Title Category Salary
Account Examiner Accounting and Finance 10,380 BHD
Account Executive Accounting and Finance 16,400 BHD
Accountant Accounting and Finance 12,120 BHD
Accounting Analyst Accounting and Finance 17,260 BHD
Accounting Assistant Accounting and Finance 11,300 BHD
Accounting Associate Accounting and Finance 9,440 BHD
Accounting Clerk Accounting and Finance 7,300 BHD
Accounting Coordinator Accounting and Finance 10,000 BHD
Accounting Head Accounting and Finance 27,380 BHD
Accounting Manager Accounting and Finance 27,300 BHD
Accounting Officer Accounting and Finance 8,560 BHD
Accounting Specialist Accounting and Finance 15,920 BHD
Accounting Supervisor Accounting and Finance 19,640 BHD
Accounting Technician Accounting and Finance 9,440 BHD
Accounting Unit Controller Accounting and Finance 21,640 BHD
Accounts Executive Accounting and Finance 15,760 BHD
Accounts Officer Accounting and Finance 12,020 BHD
Accounts Payable and Receivable Specialist Accounting and Finance 11,880 BHD
Accounts Payable Assistant Accounting and Finance 11,300 BHD
Accounts Payable Associate Accounting and Finance 12,180 BHD
Accounts Payable Clerk Accounting and Finance 8,560 BHD
Accounts Payable Manager Accounting and Finance 25,940 BHD
Accounts Receivable Administrator Accounting and Finance 20,120 BHD
Accounts Receivable Clerk Accounting and Finance 7,820 BHD
Accounts Receivable Financial Analyst Accounting and Finance 19,200 BHD
Accounts Receivable Manager Accounting and Finance 24,200 BHD
Accounts Receivable Team Leader Accounting and Finance 19,640 BHD
Assistant Accountant Accounting and Finance 8,560 BHD
Assistant Accounting Manager Accounting and Finance 22,660 BHD
Assistant Auditor Accounting and Finance 14,620 BHD
Assistant Corporate Controller Accounting and Finance 16,340 BHD
Assistant Finance Manager Accounting and Finance 29,540 BHD
Assistant Financial Controller Accounting and Finance 15,380 BHD
Audit Director Accounting and Finance 26,280 BHD
Audit Supervisor Accounting and Finance 23,480 BHD
Auditing Clerk Accounting and Finance 12,020 BHD
Auditing Manager Accounting and Finance 27,300 BHD
Billing Clerk Accounting and Finance 7,820 BHD
Billing Coordinator Accounting and Finance 12,180 BHD
Billing Specialist Accounting and Finance 14,620 BHD
Billing Supervisor Accounting and Finance 21,100 BHD
Bookkeeper Accounting and Finance 6,440 BHD
Bookkeeping Specialist Accounting and Finance 12,120 BHD
Budget Analyst Accounting and Finance 19,980 BHD
Budget Manager Accounting and Finance 25,160 BHD
Business Support Analyst Accounting and Finance 13,100 BHD
Capital Markets Associate Accounting and Finance 18,940 BHD
Cash Flow Analyst Accounting and Finance 19,860 BHD
Cash Management Manager Accounting and Finance 27,040 BHD
Cash Management Officer Accounting and Finance 17,260 BHD
Cashbook Clerk Accounting and Finance 10,100 BHD
Chartered Accountant Accounting and Finance 14,820 BHD
Chief Accountant Accounting and Finance 17,740 BHD
Collections Clerk Accounting and Finance 6,440 BHD
Collections Representative Accounting and Finance 9,940 BHD
Collections Specialist Accounting and Finance 11,880 BHD
Corporate Controller Accounting and Finance 21,560 BHD
Corporate Treasurer Accounting and Finance 24,860 BHD
Cost Accountant Accounting and Finance 14,620 BHD
Cost Accounting Manager Accounting and Finance 23,080 BHD
Cost Accounting Supervisor Accounting and Finance 21,100 BHD
Cost Analyst Accounting and Finance 21,540 BHD
Credit and Collection Manager Accounting and Finance 25,940 BHD
Credit and Collection Staff Accounting and Finance 9,460 BHD
Credit and Loans Officer Accounting and Finance 9,440 BHD
Credit Controller Accounting and Finance 19,220 BHD
Credit Manager Accounting and Finance 26,500 BHD
Debt Adviser Accounting and Finance 19,380 BHD
Debt Collector Accounting and Finance 9,980 BHD
Debtors Clerk Accounting and Finance 10,100 BHD
Debtors Controller Accounting and Finance 8,560 BHD
Deputy CFO Accounting and Finance 35,000 BHD
Deputy Head of Finance Accounting and Finance 32,420 BHD
Derivative Trader Accounting and Finance 21,980 BHD
Director of Finance Accounting and Finance 37,620 BHD
Economist Accounting and Finance 31,380 BHD
Equity Analyst Accounting and Finance 24,280 BHD
Escrow Assistant Accounting and Finance 13,660 BHD
Executive Accountant Accounting and Finance 13,100 BHD
External Auditor Accounting and Finance 19,220 BHD
Finance Administrator Accounting and Finance 13,100 BHD
Finance Analyst Accounting and Finance 23,400 BHD
Finance Associate Accounting and Finance 10,000 BHD
Finance Director Accounting and Finance 40,240 BHD
Finance Executive Accounting and Finance 28,180 BHD
Finance Licensing Clerk Accounting and Finance 7,800 BHD
Finance Licensing Manager Accounting and Finance 25,220 BHD
Finance Licensing Specialist Accounting and Finance 12,620 BHD
Finance Manager Accounting and Finance 33,520 BHD
Finance Officer Accounting and Finance 12,200 BHD
Finance President Accounting and Finance 39,160 BHD
Finance Relationship Manager Accounting and Finance 31,400 BHD
Finance Release Analyst Accounting and Finance 12,240 BHD
Finance Specialist Accounting and Finance 20,940 BHD
Finance Team Leader Accounting and Finance 29,840 BHD
Financial Accountant Accounting and Finance 13,700 BHD
Financial Actuary Accounting and Finance 21,100 BHD
Financial Administrator Accounting and Finance 21,100 BHD
Financial Advisor Accounting and Finance 24,840 BHD
Financial Analyst Accounting and Finance 20,760 BHD
Financial Applications Specialist Accounting and Finance 16,400 BHD
Financial Assistant Accounting and Finance 9,960 BHD
Financial Associate Accounting and Finance 10,220 BHD
Financial Associate Accounting and Finance 13,060 BHD
Financial Claims Analyst Accounting and Finance 16,720 BHD
Financial Claims Manager Accounting and Finance 21,980 BHD
Financial Claims Supervisor Accounting and Finance 19,980 BHD
Financial Clerk Accounting and Finance 12,020 BHD
Financial Commercial Analyst Accounting and Finance 17,740 BHD
Financial Compliance Analyst Accounting and Finance 21,020 BHD
Financial Consultant Accounting and Finance 17,540 BHD
Financial Controller Accounting and Finance 21,020 BHD
Financial Controller Accounting and Finance 21,640 BHD
Financial Coordinator Accounting and Finance 12,200 BHD
Financial Customer Service Manager Accounting and Finance 25,220 BHD
Financial Dealer and Broker Accounting and Finance 14,620 BHD
Financial Director Accounting and Finance 37,880 BHD
Financial Encoder Accounting and Finance 12,300 BHD
Financial Manager Accounting and Finance 35,300 BHD
Financial Manager Accounting and Finance 35,520 BHD
Financial Operations Manager Accounting and Finance 31,980 BHD
Financial Policy Analyst Accounting and Finance 19,860 BHD
Financial Project Manager Accounting and Finance 25,940 BHD
Financial Quantitative Analyst Accounting and Finance 21,560 BHD
Financial Reporting Consultant Accounting and Finance 19,220 BHD
Financial Reporting Manager Accounting and Finance 25,220 BHD
Financial Section Head Accounting and Finance 25,940 BHD
Financial Services Manager Accounting and Finance 34,080 BHD
Financial Services Sales Agent Accounting and Finance 13,560 BHD
Fixed Assets Administrator Accounting and Finance 14,540 BHD
Forensic Accountant Accounting and Finance 17,260 BHD
Fraud Detection Supervisor Accounting and Finance 18,260 BHD
Fraud Prevention Manager Accounting and Finance 23,700 BHD
Fund Accountant Accounting and Finance 12,200 BHD
Grants Coordinator Accounting and Finance 10,380 BHD
Group Financial Manager Accounting and Finance 36,700 BHD
Internal Auditor Accounting and Finance 15,920 BHD
Internal Control Adviser Accounting and Finance 21,020 BHD
Internal Control Officer Accounting and Finance 12,300 BHD
International Tax Director Accounting and Finance 33,440 BHD
Inventory Accountant Accounting and Finance 13,780 BHD
Investment Advisor Accounting and Finance 35,300 BHD
Investment Analyst Accounting and Finance 27,380 BHD
Investment Associate Accounting and Finance 22,420 BHD
Investment Broker Accounting and Finance 23,400 BHD
Investment Fund Manager Accounting and Finance 26,660 BHD
Investment Operations Manager Accounting and Finance 30,700 BHD
Investment Underwriter Accounting and Finance 9,960 BHD
Investor Accounting and Finance 17,620 BHD
Investor Relations Manager Accounting and Finance 24,720 BHD
KYC Team Leader Accounting and Finance 27,380 BHD
Loan Processor Accounting and Finance 12,300 BHD
Management Accountant Accounting and Finance 12,000 BHD
Management Economist Accounting and Finance 30,700 BHD
Paymaster Accounting and Finance 9,960 BHD
Payroll Administrator Accounting and Finance 17,560 BHD
Payroll Benefits Coordinator Accounting and Finance 11,880 BHD
Payroll Billing Manager Accounting and Finance 24,840 BHD
Payroll Clerk Accounting and Finance 12,520 BHD
Payroll Manager Accounting and Finance 24,800 BHD
Payroll Officer Accounting and Finance 12,760 BHD
Payroll Specialist Accounting and Finance 13,960 BHD
Payroll Supervisor Accounting and Finance 14,140 BHD
Pensions Administrator Accounting and Finance 11,880 BHD
Personal Financial Advisor Accounting and Finance 20,520 BHD
Pricing Analyst Accounting and Finance 22,420 BHD
Private Equity Analyst Accounting and Finance 24,820 BHD
Project Accountant Accounting and Finance 12,240 BHD
Proposal Development Coordinator Accounting and Finance 12,520 BHD
Receivables Accountant Accounting and Finance 10,000 BHD
Regulatory Accountant Accounting and Finance 11,880 BHD
Retirement Plan Analyst Accounting and Finance 21,560 BHD
Revenue Management Specialist Accounting and Finance 21,020 BHD
Revenue Recognition Analyst Accounting and Finance 21,300 BHD
Risk Management Director Accounting and Finance 33,120 BHD
Risk Management Supervisor Accounting and Finance 25,220 BHD
Staff Accountant Accounting and Finance 12,120 BHD
Tax Accountant Accounting and Finance 13,700 BHD
Tax Administrator Accounting and Finance 14,920 BHD
Tax Advisor Accounting and Finance 17,740 BHD
Tax Analyst Accounting and Finance 18,900 BHD
Tax Associate Accounting and Finance 9,740 BHD
Tax Consultant Accounting and Finance 19,380 BHD
Tax Director Accounting and Finance 30,700 BHD
Tax Examiner Accounting and Finance 14,540 BHD
Tax Manager Accounting and Finance 27,020 BHD
Tax Research Manager Accounting and Finance 24,200 BHD
Teller Accounting and Finance 6,280 BHD
Treasury Accountant Accounting and Finance 14,540 BHD
Treasury Analyst Accounting and Finance 23,380 BHD
Underwriter Accounting and Finance 7,240 BHD
Vice President of Finance Accounting and Finance 38,140 BHD

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