2024 KSA Salary Guide

SALARY GUIDE
Kingdom Of Saudi
Arabia 2024
Contents
CONTENTS .............................................................................................................................................. 2
INTRODUCTION ...................................................................................................................................... 3
OVERVIEW ............................................................................................................................................... 5
BONUS OUTLOOK................................................................................................................................... 6
TALENT OUTLOOK .................................................................................................................................. 7
ADVISORY ................................................................................................................................................ 8
BANKING ................................................................................................................................................. 9
HUMAN RESOURCES ............................................................................................................................ 11
INVESTMENT MANAGEMENT ................................................................................................................ 12
LEGAL .................................................................................................................................................... 13
MANUFACTURING ................................................................................................................................. 14
PUBLIC SECTOR .................................................................................................................................... 15
REAL ESTATE ......................................................................................................................................... 16
SALES & MARKETING ............................................................................................................................ 18
SENIOR FINANCE .................................................................................................................................. 20
STRATEGY ............................................................................................................................................. 22
SUPPLY CHAIN ...................................................................................................................................... 23
TAX ........................................................................................................................................................ 24
TECHNOLOGY ....................................................................................................................................... 25
TELECOMMUNICATIONS....................................................................................................................... 28
RESEARCH METHODOLOGY ................................................................................................................. 29
2 of 30 Cooper Fitch 2024

INTRODUCTION
INTRODUCTION
Welcome to the 2024 edition of the Cooper Fitch Salary Guide for Saudi Arabia.
It has been a milestone year for the Kingdom of Saudi Arabia (KSA), as it passed the halfway line
between the 2016 launch of Vision 2030 and the programme’s endpoint. While KSA’s decision to
reduce oil production to its lowest level in two years resulted in lower year-on-year revenues, the
International Monetary Fund (IMF) expects that non-oil growth will remain close to 5% in 2023.
Development remains a major focus for the Kingdom, with significant progress made across the
nation’s portfolio of gigaprojects. Red Sea Global, for example, announced its intention to open three
hotels – St. Regis Red Sea Resort, Nujuma Ritz Carlton Reserve and Six Senses Southern Dunes – by
2024. The total value of KSA’s announced real estate and infrastructure projects has passed the $1.25
trillion mark according to Knight Frank, and CBRE estimates that the nation accounts for a staggering
64.5% of all projects currently planned or underway in the GCC.
Saudi Arabia’s burgeoning sports and esports sectors have enjoyed a strong year too. The Saudi Pro
League welcomed a selection of world football’s biggest stars in 2023, in line with government targets
to quadruple the league’s revenues to $480 million by 2030. Building on last year’s $1.5 billion
acquisition of ESL Gaming and FACEIT by KSA-based Savvy Games Group, the Kingdom has also
unveiled plans to develop a $500 million ‘esports city’ in Riyadh.
Against this backdrop, Saudi Arabia’s recruitment market has witnessed robust levels of activity.
Unemployment fell to 5.1% in Q1 2023, and the Kingdom appears to be experiencing an extra boost
from increasing numbers of women entering the workforce – a factor that is expected to bolster the
nation’s economy to the tune of $39 billion by 2032 according to S&P Global Ratings.
OIL REVENUES GIGA PROJECTS TALENT
The decision of OPEC+ to limit KSA’s Public Investment Fund From entertainment and sports
oil production until at least (PIF) has unveiled a slew of to infrastructure and real
2024, coupled with voluntary projects in recent years, all of estate, achieving the goals set
cuts from KSA, resulted in a which are designed to unlock out in Vision 2030 will
year-on-year reduction in oil- new sectors as the Kingdom necessitate sustained
related revenues in 2023. This diversifies its economy. With investment, cutting-edge
situation will need to be work on these developments innovation and access to top
handled carefully in 2024, as the now well underway, it is vital talent, both domestically and
Kingdom looks to maintain the that Saudi Arabia continues to globally. KSA must therefore
levels of income and recruitment hit related milestones in 2024. find ways to outmanoeuvre its
necessary to fund the raft of These projects will prove crucial competitors and attract the
development activities taking to the success of Vision 2030. most qualified candidates if it is
place as part of Vision 2030. to continue to deliver on its
promises in 2024.

INTRODUCTION
Despite macroeconomic headwinds on the global
stage, Saudi Arabia’s economy has demonstrated
impressive resilience during the past 12 months.
Encouragingly, the Kingdom’s PIF-backed
gigaprojects have transitioned from their design
and construction phase to near handover. These
developments already appear to be serving their
purpose, stimulating economic diversification
while creating new business ecosystems that are
likely to make significant contributions to the
national coffers in years to come.
In its latest report, the IMF revised its KSA

growth forecast for 2023, lowering it to 0.8%.
However, the international body expects non-oil
In line with the realisation of Vision 2030, Saudi
growth of approximately 5% this year, and Arabia’s portfolio of gigaprojects and the
believes that the nation’s gross domestic product development of new industries such as electric
(GDP) will increase by 4% in 2024. vehicles have positively impacted recruitment and
remuneration over the past year. Industries across
In line with these economic forecasts, the Kingdom are expanding, along with major
recruitment trends we have witnessed in the cities such as Jeddah and Dammam. Vilius
market, and the responses used to compile this Dobilaitis, Managing Partner – Finance, Sales
and Marketing, Cooper Fitch
guide, Cooper Fitch expects salaries in Saudi
Arabia to increase around 6% in 2024.
HEADCOUNT IN KSA
H E A D C O U N T 2 0 2 3 H E A D C O U N T 2 0 2 4
Did your organisation make changes to Does your organisation plan to make
headcount in 2023? changes to headcount in 2024?
Nearly one-third (30%) of KSA-based organisations surveyed made headcount reductions in 2023,
while just over half (52%) increased their numbers. These figures compare unfavourably with those
3
recorded last year, when 21% of respondents reduced their headcount and 57% grew their teams.
Looking ahead, 57% of respondents expect to increase their headcount in 2024, while 29% are
preparing to reduce the size of their workforces.

OVERVIEW
Cooper Fitch estimates that salaries will Nearly half of organisations (46%) reported
6% increase by more than 6% in KSA next 46% increasing salaries in 2023. Approximately 9%
year. Due to the unprecedented of those surveyed delivered rises in excess of
developments underway as part of Vision 10%, demonstrating the need to attract and
2030, we believe remuneration will need retain the best employees as competition for
to rise significantly to attract the calibre of qualified candidates continues to grow
candidates required to achieve the
Kingdom’s ambitious goals.
More than a fifth of respondents (22%) plan
Most of this year’s respondents (80%) to reduce salaries during the coming 12
80% either increased or made no changes to 22% months, which is unexpected given 2024 is
salaries in 2023, reflecting high demand to likely to see such high levels of demand for
retain talent. talent.
Unsurprisingly, more than half of those

When asked about their salary-related surveyed (52%) intend to increase salaries in
26% plans for 2024, more than a quarter of 52% 2024. This is likely a reflection of the
respondents (26%) said they did not widespread need to attract and retain
intend to make changes during the coming employees capable of delivering on the
12 months. nation’s ambitious economic targets.
S A L A R I E S 2 0 2 3 S A L A R I E S 2 0 2 4
Did your organisation revise salaries in Does your organisation plan to revise
2023? salaries in 2024?

BONUS OUTLOOK
P R O J E C T E D A N T I C I P A T E D
B O N U S E S 2 0 2 3 P A Y O U T S 2 0 2 3
Does your organisation plan to pay Does your organisation plan to pay annual bonuses
annual bonuses based on this year's based on this year's financial performance, and by
financial performance? what amount?
More than three-quarters of this year’s respondents

(78%) reported their intention to issue annual bonuses
based on their organisations’ financial performance in As a testament to their dedication to
2023, compared to 22% that had no such plans. The Saudi Arabia and a strategic effort to
reduce travel expenses, consulting firms
largest share of this year’s respondents that intend to
are reserving limited space in their Dubai
issue bonuses (24%) expect to pay one month’s basic
offices for recruitment, placing a strong
salary. More than a fifth (21%) plan to pay two months’ emphasis on bolstering their presence in
salary, 18% said three months, 7% said four months, the Kingdom. This commitment is
and 3% said five months. reflected in a slight premium in salaries
of around 10% when compared to their
Employees working for 5% of this year’s respondents – counterparts in the UAE. Michael
spanning the fields of consulting, financial services, Stubbs, Managing Partner – Strategy,
Technology and Management
investment management, real estate and
Consulting, Cooper Fitch
telecommunications – will receive annual bonuses
amounting to a generous six months’ basic salary.
Of the 22% of companies that do not intend to pay bonuses, the highest proportions operate in the
fields of construction and consulting. This is unexpected given the unprecedented levels of
development currently taking place in Saudi Arabia, as the nation pushes ahead with a slew of large-
scale projects related to Vision 2030. Equally concerning is the fact that fewer than half of these
construction and consulting firms intend to raise salaries in 2024. Organisations that find themselves in
this position are likely to struggle to attract and retain the best talent in such a competitive recruitment
market – especially among Saudi Arabian nationals.
To ensure the highest possible accuracy of this year’s bonus-related information, Cooper Fitch
surveyed senior-level representatives from businesses across multiple sectors. Managers (28%),
directors (18%) and HR professionals (15%) represented the largest proportions of respondents,
meaning they are ideally placed to comment on their organisations’ anticipated bonus payouts.

TALENT OUTLOOK
Talent acquisition is likely to represent a key challenge in 2024. When asked whether or not there is
available talent in Saudi Arabia to meet their hiring requirements during the coming year, more than a
quarter of respondents (26%) said there was not. ‘Management’ and ‘leadership’ represented the most
significant talent gaps among those questioned this year, accounting for 20% and 16% of responses,
respectively. ‘Analytical skills’ was the third-highest deficit identified at 11%.
Encouragingly, KSA has taken several measures to

sure up its recruitment sector during the past 12
months, with a focus on quality over quantity. In July
2023, the Ministry of Human Resources and Social
Development (HRSD) announced the expansion of its
Skill Verification Program (SVP). In August, it
introduced new rules to improve standards among
recruitment agencies operating in the Kingdom.
Only time will tell if these measures are sufficient to

alleviate the perceived skills shortage, and whether
they will target the most appropriate sectors.
TALENT REQUIREMENTS
S E C T O R A L G A P S 2 0 2 4 S K I L L S E T S 2 0 2 4
What do you see as the biggest skill shortage Do you believe there is available talent in the
needed by your organisation for 2024? country to meet your hiring requirements for
next year?
TOP 10 SECTORAL GAPS
1. Management
2. Leadership
3. Analytical Skills
4. Project Management
5. Emotional Intelligence
6. Engineering
7. Software Development
8. Sales
9. Finance
10. Data Science
The fact that 24% of respondents expect a shortfall in available talent in 2024 will no doubt be a
3
concern for employers, as it indicates that demand for suitable candidates is likely to outstrip supply.
Interestingly, ‘management’ and ‘leadership’ occupied the top spots on both this survey and Cooper
Fitch’s Salary Guide UAE 2024, suggesting that the Kingdom and the Emirates will need to compete
with one another to attract candidates with senior-level experience.

KSA SALARY GUIDE 2024
ADVISORY
ROLES TITLE MIN MAX

AUDIT Partner (5+ years) 95,000 134,000
Partner (1-4 years) 67,000 89,000
Director 45,000 56,000
Senior Manager 35,000 40,000
Manager 24,000 33,000
Assistant Manager 20,000 24,000
Senior Associate 15,000 19,000
Associate 8,000 13,000
RISK CONSULTING Partner (5+ years) 112,000 168,000
Partner (1-4 years) 84,000 112,000
Director 56,000 73,000
Manager 31,000 38,000
Associate 13,000 17,000
DEAL ADVISORY & Partner (5+ years) 122,000 185,000
TRANSACTION Partner (1-4 years) 89,000 112,000
SERVICES Director 62,000 79,000
Manager 31,000 38,000
Associate 14,000 18,000
The salaries in the above tables are all in SAR and represent total monthly gross salary only. 8 of 30 Cooper Fitch 2024
BANKING
ROLES TITLE MIN MAX

PRIVATE Head of Private Banking / Wealth Management (16+ years) 151,000 190,000
BANKING AND Market Head / Managing Director (15 years) 129,000 157,000
WEALTH Executive Director / Unit Head (10 - 12 years) 86,000 112,000
MANAGEMENT Associate Director (5 - 8 years) 70,000 89,000
Senior Wealth Manager 72,000 88,000
Wealth Manager 52,000 70,000
Relationship Manager - Key Clients (5 - 7 years) 51,000 62,000
Wealth Management Specialist 37,000 51,000
Assistant Relationship Manager - Support (5 - 7 years) 33,000 45,000
CORPORATE Head of Corporate Banking 102,000 154,000
BANKING Head of SME Banking 75,000 113,000
Team Leader - Corporate Banking 86,000 102,000
Senior Director – Relationship Management 70,000 86,000
Director - Relationship Management 52,000 70,000
Relationship Manager 32,000 45,000
BANKING
ROLES TITLE MIN MAX

COMPLIANCE & Chief Compliance Officer (CCO) 95,000 133,000
REGULATION Head of Compliance 70,000 91,000
Compliance Licensed MLRO 50,000 65,000
Head of Fraud 50,000 61,000
Assistant Relationship Manager 45,000 56,000
Inspection, Authorization Officer 38,000 51,000
Fraud Manager 37,000 44,000
Compliance Manager 30,000 40,000
Sanctions and AML Manager 35,000 38,000
Compliance Officer-Private Banking, Wealth, Invest. products 19,000 25,000
Compliance Officer (KYC, On boarding, CDD) 16,000 19,000
Compliance Analysts (Graduate) 12,000 17,000
RISK Chief Risk Officer 85,000 127,000+
Head of Credit Risk 57,000 78,000
Credit Risk Policies Head 54,000 64,000
Operational Risk Head 54,000 64,000
Head of Collections and Recovery 55,000 62,000
Market Risk Head 53,000 61,000
Head of Risk Analytics 51,000 58,000
Credit Risk Policies VP 51,000 55,000
Operational Risk Manager 36,000 54,000
Credit Risk Manager 32,000 54,000
Risk Analytics Manager 31,000 42,000
Market Risk Manager 35,000 40,000
Enterprise Risk Manager 28,000 36,000
Market Risk Analyst 20,000 25,000
Risk Analytics Officer 17,000 24,000
Credit Risk Portfolio Analyst 18,000 21,000
Operational Risk Analyst 19,000 21,000
Credit Risk Analyst 16,000 20,000
HUMAN RESOURCES
ROLES MIN MAX

Chief Shared Services Officer (CSSO) 107,000 172,000
Chief Human Resources Officer (CHRO) 97,000 151,000
Vice President Human Resources 97,000 118,000
Executive Director Support Services 80,000 122,000
Executive Director Human Resources 74,000 107,000
Director Support Services 76,000 106,000
HR Director 70,000 96,000
Director / Head of Talent Acquisition 42,000 65,000
Director / Head of Talent Mgt 42,000 65,000
Head of / Director Organisational Development 42,000 65,000
Director / Head of Learning & Development 42,000 54,000
Human Resources Business Partner 32,000 49,000
Organisational Development Manager 32,000 49,000
HR Manager 37,000 49,000
Learning & Development Manager 32,000 42,000
Talent Acquisition Manager 27,000 38,000
Compensation & Benefits Manager 27,000 37,000
Training Manager 21,000 37,000
Recruitment Manager 23,000 32,000
Employee Relations Manager 22,000 29,000
Organisational Development Specialist 18,000 27,000
HR Generalist 16,000 23,000
Talent Acquisition Specialist 16,000 21,000
Learning & Development Specialist 16,000 21,000
INVESTMENT MANAGEMENT
ROLES TITLE MIN MAX

PRIVATE Chief Investment Officer 89,000 170,000+
SECTOR Head of Investments / Investment Director 84,000 127,000+
Vice President 67,000 86,000
Investment Manager 49,000 64,000
Investment Senior Associate 42,000 56,000
Investment Associate 28,000 38,000
Investment Analyst 11,000 24,000
PUBLIC Chief Investment Officer 139,000 223,000+
SECTOR Head of Investments / Investment Director 89,000 157,000+
Investment Manager 59,000 91,000
Investment Senior Associate 42,000 65,000
ASSET Head of Equities 84,000 122,000
MANAGEMENT Head of Fixed Income 84,000 122,000
Head of Business Development 79,000 106,000
Head of Real Estate 67,000 101,000
Senior Fund/Portfolio Manager 54,000 75,000
Business Development Senior Manager 51,000 73,000
Fund/Portfolio Manager 35,000 56,000
Business Development Manager 36,000 53,000
INVESTMENT Managing Director 112,000 170,000+
BANKING Senior Director 96,000 127,000+
Director 72,000 101,000
Associate 29,000 45,000
Analyst 17,000 30,000
LEGAL
ROLES TITLE MIN MAX

PRIVATE PRACTICE Partner 5+ 112,000 246,000
REGIONAL FIRMS Partner 1-4 84,000 112,000
Counsel 62,000 95,000
Associate 28,000 45,000
Newly Qualified 22,000 38,000
Paralegal 16,000 28,000
Legal Secretary 14,000 22,000
PRIVATE PRACTICE Partner 5+ 134,000 279,000
US & UK FIRMS Partner 1-4 89,000 134,000
Counsel 79,000 112,000
Associate 45,000 67,000
Newly Qualified 28,000 45,000
Paralegal 18,000 31,000
Legal Secretary 16,000 28,000
IN HOUSE Chief Legal Officer 101,000 145,000
Director/Head 79,000 101,000
General Counsel 79,000 101,000
Senior Legal Counsel 51,000 67,000
Legal Counsel 38,000 51,000
Junior Legal Counsel 28,000 38,000
MANUFACTURING
ROLES MIN MAX

Managing Director 102,000 139,000
Operations Director 84,000 120,000
Chief Production Officer 71,000 88,000
General Manager 59,000 86,000
Head of R&D 37,000 51,000
Operations Manager 29,000 45,000
Plant / Factory Manager 29,000 41,000
Process Development Manager 25,000 37,000
Production Manager 28,000 35,000
HSE Manager 24,000 35,000
Quality Manager Assurance and Control 27,000 34,000
Master Black Belt 19,000 32,000
Maintenance Manager 21,000 30,000
Lean Six Sigma Black Belt 17,000 24,000
Process Innovation Manager 19,000 24,000
Continuous Improvement Manager 17,000 22,000
HSE Engineer 14,000 18,000
Production Supervisor 11,000 17,000
Quality Engineer Assurance and Control 14,000 17,000
Civil Engineer 10,000 17,000
Design Engineer 10,000 17,000
Process Engineer 13,000 16,000
Manufacturing Engineer 13,000 16,000
Maintenance Engineer 11,000 15,000
Electrical Engineer 11,000 15,000
Mechanical Engineer 11,000 14,000
PUBLIC SECTOR
ROLES MIN MAX

Secretariat General 221,000+ -
Governor 168,000 252,000
Deputy Minister 139,000 195,000
Vice Governor 112,000 168,000
Chief Economist 101,000 145,000
Chief of Staff 101,000 145,000
Chief Human Resources Officer 101,000 145,000
Chief Shared Services Officer 101,000 145,000
Director General 107,000 129,000
International Subject Matter Expert/Advisor 89,000 122,000
Assistant Deputy Minister 89,000 122,000
Chief Communications Officer 89,000 122,000
Public Policy Director 79,000 112,000
Director of Human Resources 79,000 101,000
Director of Shared Services 79,000 101,000
Senior Economist 51,000 73,000
Policy Specialist 38,000 62,000
Economist 28,000 45,000
Policy Analyst 22,000 33,000
REAL ESTATE
ROLES TITLE MIN MAX
DEVELOPMENT Chief Development Officer 145,000 290,000
& DESIGN Executive Director of Development 89,000 191,000
Executive Director of Design 86,000 161,000
Director of Development 67,000 131,000
Director of Design 67,000 119,000
Director of Urban Planning 66,000 112,000
GIS Director 69,000 96,000
Associate Director of Development 58,000 90,000
Senior Development Manager 49,000 81,000
Senior Design Manager 46,000 76,000
Senior Urban Planning Manager 46,000 74,000
GIS Senior Manager 53,000 70,000
Development Manager 32,000 64,000
Design Manager 32,000 58,000
Urban Planning Manager 29,000 52,000
SALES & POST Executive Director of Asset Management 86,000 161,000
CONSTRUCTION Executive Director Facilities Management 81,000 142,000
Executive Director of Sales 81,000 139,000
Director of Asset Management 72,000 101,000
Director of Sales 64,000 97,000
Director of Leasing 58,000 86,000
Senior Asset Manager 56,000 81,000
Director of Facilities 48,000 70,000
Asset Manager 30,000 53,000
Property Manager 27,000 49,000
Facilities Manager 27,000 49,000
Leasing Manager 30,000 48,000
Sales Manager 30,000 48,000
Commercial Manager 21,000 40,000
Project Controls Manager 21,000 40,000
REAL ESTATE
ROLES TITLE MIN MAX
ENVIRONMENTAL Head of Sustainability 86,000 129,000
SOCIAL CORPORATE Head of Innovation 86,000 129,000
GOVERNANCE Heritage Director 64,000 123,000
Senior Environmental Manager 59,000 86,000
Smart Cities Director 62,000 85,000
Environmental Manager 40,000 58,000
CONSTRUCTION & Chief Projects Officer 118,000 269,000
PROJECT Executive Director of Project Delivery 95,000 178,000
MANAGEMENT Programme Director 85,000 149,000
Project Director 67,000 127,000
Director of Infrastructure 75,000 107,000
Procurement Director 58,000 101,000
Director of Project Controls 67,000 101,000
Commercial Director 65,000 99,000
Project Risk Director 65,000 91,000
MEP Director 48,000 78,000
Bid Director 61,000 74,000
Senior Project Manager 45,000 67,000
Senior Commercial Manager 42,000 67,000
Senior Contracts Manager 41,000 66,000
Senior Manager of Project Controls 42,000 65,000
Senior Claims Manager 41,000 64,000
Senior Bid Manager 36,000 61,000
Senior Procurement Manager 39,000 58,000
Project Risk Manager 27,000 56,000
Senior MEP Manager 33,000 48,000
Project Manager 24,000 44,000
Construction Manager 24,000 44,000
Contracts Manager 21,000 40,000
Claims Manager 21,000 40,000
Procurement Manager 27,000 39,000
Bid Manager 21,000 35,000
MEP Manager 19,000 32,000
SALES & MARKETING
ROLES TITLE MIN MAX

CONSUMER Chief Sales Officer / Chief Revenue Officer 90,000 117,000
(B2C) General Manager 56,000 81,000
SALES Commercial Director 59,000 76,000
VP of Sales 55,000 72,000
Sales Director 48,000 62,000
Country Sales Manager 40,000 53,000
E-commerce Manager 27,000 38,000
Sales Manager 23,000 30,000
Key Account Manager 17,000 25,000
Key Account Executive 8,000 16,000
CONSUMER Chief Marketing Officer 70,000 99,000
(B2C) Marketing Director 59,000 73,000
MARKETING Marketing Manager 37,000 49,000
Digital Marketing Manager 30,000 45,000
Communications Manager 33,000 44,000
CRM / Marketing Automation Manager 30,000 37,000
Brand Manager 21,000 34,000
Consumer Insight Manager 23,000 34,000
PR Manager 22,000 31,000
Trade Marketing Manager 21,000 30,000
SALES & MARKETING
ROLES TITLE MIN MAX

INDUSTRIAL Chief Sales Officer 90,000 117,000
(B2B) General Manager 61,000 85,000
SALES Regional Sales Director 56,000 71,000
Country Sales Manager 42,000 52,000
Regional Sales Manager 37,000 49,000
Project Sales Manager 27,000 34,000
Key Account Manager / Area Sales Manager 19,000 27,000
Pre Sales Manager 17,000 24,000
Account Manager 16,000 23,000
Sales Engineer / Specification Specialist 13,000 21,000
Business Development Executive 11,000 17,000
INDUSTRIAL Chief Marketing Officer 70,000 99,000
(B2B) Regional Head of Product 45,000 56,000
MARKETING Marketing Manager / Group Product Manager 37,000 52,000
Regional Communications Manager 30,000 40,000
CRM / Marketing Automation Manager 30,000 37,000
Marketing Research Manager 27,000 33,000
Manager - Sales Analytics 27,000 32,000
Category Manager 23,000 31,000
Regional PR 21,000 30,000
SENIOR FINANCE
ROLES MIN MAX

Group Chief Financial Officer Large Local groups/ MNCs 139,000 215,000
Chief Financial Officer Large Local groups/ MNCs 107,000 151,000
Chief Financial Officer Small to Medium Enterprises 80,000 118,000
Financial Director Large Local groups/ MNCs 67,000 86,000
Financial Director Small to Medium Enterprises 56,000 73,000
Treasury Director Large Local groups/ MNCs 70,000 86,000
Treasury Director Small to Medium Enterprises 59,000 75,000
Financial Controller Large Local groups/ MNCs 45,000 59,000
Financial Controller Small to Medium Enterprises 37,000 54,000
Financial Planning Analysis Director Large Local groups/ MNCs 59,000 78,000
Financial Planning Analysis Director Small to Medium Enterprises 49,000 67,000
Financial Planning Analysis Manager Large Local groups/ MNCs 34,000 49,000
Financial Planning Analysis Manager Small to Medium Enterprises 27,000 37,000
Treasury Manager Large Local groups/ MNCs 33,000 49,000
Treasury Manager Small to Medium Enterprises 27,000 38,000
Finance Manager Large Local groups/ MNCs 37,000 49,000
Finance Manager Small to Medium Enterprises 30,000 38,000
Chief Internal Auditor Large Local groups/ MNCs 98,000 151,000
Director - Internal Audit Large Local groups/ MNCs 75,000 97,000

Director - Internal Audit Small to Medium Enterprises 54,000 70,000
Manager - Internal Audit Large Local groups/ MNCs 37,000 54,000
Manager - Internal Audit Small to Medium Enterprises 32,000 49,000
Reporting Manager Large Local groups/ MNCs 37,000 49,000
Reporting Manager Small to Medium Enterprises 27,000 34,000
Budgeting Manager Large Local groups/ MNCs 32,000 42,000
Budgeting Manager Small to Medium Enterprises 28,000 36,000
Chief Accountant Large Local groups/ MNCs 19,000 28,000
Chief Accountant Small to Medium Enterprises 13,000 19,000
Finance / Business Analyst Large Local groups/ MNCs 13,000 23,000
Finance / Business Analyst Small to Medium Enterprises 11,000 17,000
Credit Manager Large Local groups/ MNCs 16,000 27,000
Credit Manager Small to Medium Enterprises 13,000 19,000
Internal Auditor Large Local groups/ MNCs 13,000 19,000
Internal Auditor Small to Medium Enterprises 8,000 14,000
SENIOR FINANCE
ROLES MIN MAX
Financial Accountant Large Local groups/ MNCs 12,000 17,000

Financial Accountant Small to Medium Enterprises 8,000 14,000
Management Accountant Large Local groups/ MNCs 11,000 19,000
Management Accountant Small to Medium Enterprises 6,000 13,000
AP/AR Accountant Large Local groups/ MNCs 4,000 11,000
AP/AR Accountant Small to Medium Enterprises 4,000 11,000
STRATEGY
ROLES TITLE MIN MAX

TIER 1 & 2 Partner 139,000+ -
FIRMS Principal 90,000 109,000
Engagement Manager 63,000 86,000
Associate 47,000 62,000
Senior Analyst 33,000 42,000
Business Analyst 20,000 32,000
MANAGEMENT Partner (5+ years) 168,000+ -
CONSULTING Partner (1-5 years) 99,000 122,000
Director 61,000 82,000
Manager 31,000 42,000
Senior Consultant 20,000 31,000
Consultant 16,000 19,000
PUBLIC SECTOR Chief Strategy Officer 145,000 193,000
Executive Director Strategy 97,000 134,000
Strategy Director 67,000 91,000
Strategy Manager 38,000 63,000
Strategy Analyst 22,000 32,000
PUBLIC SECTOR Head of PMO 75,000+ -
PMO/VRO Portfolio Manager 62,000 70,000
OFFICE Program Manager 51,000 58,000
Project Manager 31,000 44,000
Project Coordinator 20,000 24,000
SUPPLY CHAIN
ROLES MIN MAX

General Manager 65,000 97,000
Procurement Director 52,000 74,000
Supply Chain Director 50,000 72,000
Project Procurement Manager 32,000 42,000
Corporate Procurement Manager 32,000 42,000
Supply Chain Manager 25,000 40,000
Trade Compliance Manager 20,000 39,000
Operations Manager 21,000 38,000
Contracts Manager 27,000 32,000
Demand/Supply Planning Manager 22,000 28,000
Logistics Manager 17,000 28,000
Bid Manager 19,000 28,000
Materials Manager 17,000 27,000
Category Manager 21,000 27,000
Senior Contracts Engineer 16,000 24,000
Warehouse Manager 16,000 21,000
Demand/Supply Planner 12,000 17,000
Buyer 13,000 16,000
Materials Engineer 11,000 15,000
Warehouse Supervisor 10,000 14,000
TAX
ROLES TITLE MIN MAX

BIG 4 Partner (5+ years) 86,000 123,000
Partner (1-4 years) 58,000 81,000
Director 49,000 62,000
Manager 25,000 41,000
Associate / Senior Associate 16,000 20,000
INDUSTRY & Head of Tax (5+ years) 71,000 106,000
PUBLIC SECTOR Director (1-4 years) 49,000 74,000
Manager 27,000 40,000
Supervisor 22,000 31,000
Analyst / Senior Analyst 15,000 22,000
TECHNOLOGY
ROLES TITLE MIN MAX

INDUSTRY Chief Information & Technology Officer 101,000 134,000
Chief Digital Officer 101,000 134,000
Chief Information Security Officer (CISO) 101,000 122,000
Chief Product Officer 89,000 112,000
VP of Digital Transformation 84,000 112,000
Head of Digital Factory 91,000 107,000
Product Director 86,000 97,000
Data Governance Director 81,000 91,000
Head of Data Science 67,000 84,000
Program Director 70,000 81,000
IT Director 67,000 79,000
Head of Cloud Business Unit 62,000 79,000
Director of Analytics 62,000 79,000
Lead Enterprise Architect 62,000 79,000
Digital Transformation Manager 65,000 75,000
Cyber Security Manager 65,000 75,000
Head of Digital 57,000 74,000
Program Manager 54,000 65,000
Data Architect 54,000 65,000
Enterprise Architect 37,000 59,000
IT Project Manager 38,000 56,000
Data Scientist 45,000 56,000
Product Manager 33,000 54,000
Data Engineer 34,000 52,000
Cloud Security Architect 40,000 52,000
Head of IT / IT Manager 38,000 51,000
Cyber Security Architect 38,000 51,000
IT Infrastructure Manager 38,000 51,000
Cloud Architect 35,000 51,000
Cloud Product Manager 38,000 51,000
AI/ ML Engineer 33,000 51,000
DevOps Manager 38,000 50,000
SOC Manager 39,000 50,000
Service Delivery Manager 32,000 45,000
Data Analyst 28,000 45,000
TECHNOLOGY
ROLES TITLE MIN MAX

INDUSTRY DevOps Engineer 27,000 37,000
CX (UX,XD,SX) Consultant 24,000 35,000
UX / UI Designer 22,000 34,000
Cloud Engineer 24,000 30,000
Network Manager 22,000 28,000
Business Continuity & DR Engineer 20,000 24,000
Network Engineer 17,000 22,000
VENDORS VP of Sales 84,000 112,000
Country Manager / Regional Sales Director 67,000 79,000
Pre-Sales Director 49,000 56,000
Professional Services Director 46,000 54,000
Sales Manager / RSM 38,000 53,000
Territory / Regional Sales Manager (Individual Contributor) 32,000 41,000
Pre-Sales Manager 34,000 41,000
Customer Success Manager / TAM 28,000 38,000
Pre-Sales Engineer 27,000 31,000
Inside Sales Manager 25,000 30,000
Inside Sales Representative 16,000 23,000
TECHNOLOGY
ROLES TITLE MIN MAX

CONSULTING Partner 91,000 117,000+
CLOUD Director 52,000 79,000
ENGINEERING & Senior Manager 39,000 52,000
ADVISORY Manager 33,000 39,000
DIGITAL Partner 91,000 117,000+
DATA ANALYTICS Director 61,000 79,000
Manager 33,000 39,000
CYBER SECURITY Partner 91,000 117,000+
IT AUDIT & Director 58,000 80,000
RISK ADVISORY Senior Manager 49,000 58,000
Manager 34,000 42,000
TELECOMMUNICATIONS
ROLES MIN MAX

Chief Commercial Officer / VP of Sales 100,000 121,000
CTO / CIO 78,000 100,000
Country Head / General Manager / Sales Director 67,000 88,000
VP of Customer Experience 67,000 78,000
Head of Digital Development 44,000 67,000
Regional Sales Manager / Account Director 41,000 56,000
Solutions Architect 35,000 50,000
Enterprise Sales / Territory Sales Manager / Account Manager 31,000 41,000
Pre-Sales Manager 29,000 38,000
Customer Project Manager 31,000 37,000
Pre-Sales Engineer 29,000 35,000
RF / IBS Engineer 21,000 30,000
RESEARCH METHODOLOGY
This year, Cooper Fitch surveyed business O R G A N I S A T I O N S I Z E
leaders responsible for key decision-making at Breakdown of the organisation size by
more than 1,000 organisations across the Gulf number of employees.
region. Our survey posed a selection of 11
confidential questions, which were focused on
recruitment activity, organisational headcounts
and salary trends across 2023 and into 2024.
The data included in our salary guide is based

on the answers we received from our
respondents and professional network, and are
representative of these responses exclusively.
ABOUT COOPER FITCH

Established in 1997, Cooper Fitch provides SERVICES
recruitment, executive search, HR advisory and
RPO services across the GCC. Our team Recruitment
supports clients in the Gulf with all talent- Executive Search
related matters. We are also a proud member of
HR Advisory
the Talent Club group of companies, with 37
Recruitment Process Outsourcing
offices across three continents.
Cooper Fitch also offers comprehensive Trefor Murphy

compensation and benefits analysis, which is
designed to enhance your organisation’s Founder, CEO
competitive edge. Please contact me directly if [email protected]
you would like to learn more. +971 55 555 7283

+971 4 352 2506
[email protected]
cooperfitch.ae
JBC 1, 6th floor, Jumeirah Lakes

Towers, PO Box 118468,
Dubai, United Arab Emirates
22 Northumberland Road
Ballsbridge Dublin 4

2024 KSA Salary Guide

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2024 KSA Salary Guide

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SALARY GUIDE

2 of 30 Cooper Fitch 2024

OIL REVENUES GIGA PROJECTS TALENT

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In its latest report, the IMF revised its KSA

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Unsurprisingly, more than half of those

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More than three-quarters of this year’s respondents

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Encouragingly, KSA has taken several measures to

Only time will tell if these measures are sufficient to

TOP 10 SECTORAL GAPS

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Director - Internal Audit Large Local groups/ MNCs 75,000 97,000

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Financial Accountant Large Local groups/ MNCs 12,000 17,000

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The data included in our salary guide is based

ABOUT COOPER FITCH

Cooper Fitch also offers comprehensive Trefor Murphy

29 of 30 Cooper Fitch 2024

JBC 1, 6th floor, Jumeirah Lakes

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