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Arab World Careers Exclusive 2014 Middle East Salary Guide

2014 Middle East Salary Guide
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1) 2) 3) 4) 5) Introduction Methodology Middle East Economic & Hiring Outlook 2014 2014 Middle East Salary Guide www.arabworldcareers.com – Your partner in finding Talent & Jobs in Middle East

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Arab World Careers Exclusive 2014 Middle East Salary Guide Arab World Careers Exclusive 2014 Middle East Salary Guide

Introduction
Middle East continues to attract talent from world over and 2014 would inherit the same trend. Increasing demand and high standards of living is attracting skilled and unskilled talent to Middle East. To attract superior talent, retain the best ones and cope up with higher cost of living, Middle East salaries has been projected to be up to 8% higher than 2013. Jobs in Dubai , Jobs in Middle East , Middle East Jobs, Gulf Jobs & Jobs in Gulf continues to be among top 100 searched phrases in the internet. Construction, Engineering, Architecture & Design, Banking and Financial jobs are the highest gainers with pay hike or a new job promising up to 8% increase. Tourism, Leisure, Hospitality, Accounting, Sales, Human Resources and Legal roles show signs of up to 5% increase. Niche roles like Aviation, specific IT skills and high profile Sales roles would continue to be dominated by the demand-and-supply model. Arab World Careers 2014 Middle East salary guide is the most respectable, authoritative, comprehensive and in-depth salary guide in the Middle East Region. Being a premium job portal, we have access to employers and jobs seekers alike. We study their behavioral pattern and projects salary level in conjunction with market conditions. Top reasons why 2014 would see flocking employees, in the order of highest to lowest.

Lack of adequate pay Layoff fears High stress level Poor work-life balance Monotonous role Lack of growth Disagreement with manager

Methodology
In order to provide the most accurate salary guide as possible, Arab world careers took a dive into 360 degree approach in formulating the 2014 Middle East salary guide. We just did not go by few indicative factors but consulted employers, search firms, their 2014 recruitment targets, regional stability, world markets’ impact on middle east economies, candidate appetite to still look for a job in Middle East, the region’s potential to create real jobs and the actual capacity to pay them based on real returns. We used world renowned algorithms to mine data from last five years, trends that defined pay hike and the real value forecast for the next two years. We did our primary and secondary

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Arab World Careers Exclusive 2014 Middle East Salary Guide Arab World Careers Exclusive 2014 Middle East Salary Guide

research with current employers and potential job seekers from 12 key nations who contribute to the manpower needs of Middle East economies predominantly GCC nations. Over 800 employers and 2200 current employees participated in our salary survey. Our analysts performed a thorough, rigorous and analytically complex numbers exercise to bring you the most accurate salary guide in the Middle East. Our salary guide is used by approximately 40,000 plus known companies in revising their compensation bands. Our salary guide for each position is not determined by job titles but by responsibilities and required at least 80% match. The information you are about to access is interpretive and indicative, it’s not conclusive. Kindly use this information only as a guide.

Middle East Economic & Hiring Outlook 2014
Middle East economies, predominantly GCC grew at an average 4% in 2013. The worldwide turn around in the last quarter of 2014, signs of revival, rising industrial outputs, record number of jobs created in the United States, cooled down Eurozone crisis, averted Syrian conflict, peace talks with Iran, Dubai winning Expo2020, stable oil price forecast are all signaling better than expected economic growth in the Middle East region. All these factors have boosted investor confidence all around the world and Middle East would witness much larger pie of Foreign Investments. As per revised economic outlook report from IMF, Middle East would grow at a rate of 5.5% - 6% in 2014. This means more number of jobs would be created. Arab World Careers predicts that Construction & Engineering, Oil & Energy, Tourism and Aviation sectors would drive growth in the GCC markets. 2014 would continue to see nationalization efforts by these economies. We suspect Kuwait to implement a similar law in 2014 as Saudi Arabia’s Nitaqat Law. The number of new jobs created in GCC economies would be between 470,000 – 500,000 and the number of positions to be filled would be upwards 4,000,000. The hiring sources percentage is as below:

2014 Hiring Channels
Referrals Job Portals Outdoor Ads Search Firms

27%

25%

17% 31%

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Middle East
`

Salary Ranges 2014 in USD
Low Medium High Monthly salary excluding annual/performance bonus. All figures in USD.

INVESTMENT BANKING / PRIVATE EQUITY ROLES Analyst Associate Vice President Director Managing Director Head 4,590 7,290 9,990 18,090 20,790 23,490 5,940 9,990 15,390 19,440 26,190 30,240 9,990 17,550 24,840 32,940 36,990 41,040

INVESTMENT BANKING / PRIVATE EQUITY - SALES ROLES Analyst Associate Vice President Director Managing Director Head ASSET MANAGEMENT ROLES Analyst Associate Vice President Director Managing Director Head MIDDLE / BACK OFFICE OPERATION ROLES Analyst Associate Vice President Director Managing Director Head 4,050 5,400 7,290 9,990 12,690 14,040 4,590 7,020 8,640 11,340 14,040 15,390 5,400 8,640 11,340 12,690 15,390 18,090 4,590 7,290 9,990 15,390 20,790 22,140 5,940 9,450 12,690 18,090 24,840 27,540 7,290 12,690 15,390 20,790 30,240 32,940 4,590 7,290 9,990 15,390 20,790 22,140 5,940 9,990 12,690 18,090 24,840 27,540 9,990 16,740 23,490 30,240 32,940 38,340

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Low

Medium

High

Assistant Branch Manager Branch Manager Business Development Manager Business Intelligence Analyst Chief Risk Officer Collections Manager COO Country Head Head of Acquiring Head of Call Centre Head of Premier Banking Head of Retail Operations Head of Collections Head of Credit Analytics Head of Credit Policy Head of Issuing Head of Loyalty Head of Merchant Services Head of Partnerships Head of Product Development - Retail Products Head of Retail Head of Retail Credit Head of Risk National Sales Manager - Mortgages Portfolio Manager - Cards POS Specialist Product Manager - Retail Products Product Officer Relationship Manager

Monthly salary excluding annual/performance bonus. All figures in USD. 4,050 5,400 6,750 7,290 5,940 4,590 16,740 5,400 15,390 35,640 8,640 8,640 9,990 8,640 9,990 5,940 9,990 8,640 8,640 8,640 8,640 8,640 14,040 11,340 11,340 7,290 5,940 7,020 5,940 3,240 4,050 Low 9,180 8,640 6,480 22,140 7,290 20,115 41,040 11,340 11,340 14,715 12,690 12,690 10,665 12,015 11,340 11,340 11,340 11,340 11,340 19,440 14,040 16,065 8,640 7,560 8,370 8,640 4,590 5,940 Medium 10,260 9,990 7,560 27,540 9,180 24,840 46,440 15,390 14,040 19,440 15,390 15,390 12,690 14,580 15,390 15,660 15,390 15,660 15,390 24,840 16,740 20,790 9,990 9,990 10,260 9,990 5,940 7,290 High

Monthly salary excluding annual/performance bonus. All figures in USD. CORPORATE BANKING Head of Corporate Banking Head of Corporate Credit Head of Financial Institution Head of Trade Finance Unit Head Senior Relationship Manager Relationship Manager 14,040 11,340 12,690 11,340 9,180 7,290 5,400 16,740 12,690 14,040 14,040 11,340 8,640 7,020 19,440 14,040 19,440 19,440 13,500 9,990 7,830

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Credit Analyst Credit Admin Clerk Trade Finance Clerk PRIVATE BANKING HO Private Banking Private Banker (Associate Director) Private Banker (Director) Private Banker (Relationship Manager) Product and Investment Specialist (Associate) WEALTH MANAGEMENT Head of Wealth Unit Head Senior Relationship Manager Relationship Manager Product Manager INSURANCE Director of Underwriting Manager of Underwriting Department Senior Underwriter Director Business Development Manager Junior Underwriter

3,240 2,700 3,240 16,740 9,990 11,340 8,640 7,290 12,690 8,640 7,290 5,400 5,940 14,040 9,990 5,940 14,040 6,480 2,700 Low

4,320 3,780 4,320 19,440 11,340 12,690 9,990 8,640 15,390 9,990 7,830 6,210 7,290 16,740 11,340 8,640 18,090 8,640 3,240 Medium

5,940 4,320 5,400 24,840 14,040 14,040 11,340 9,990 18,090 11,340 9,180 7,290 8,640 18,090 12,690 9,990 22,140 9,990 4,590 High

Acquisitions Manager / Land Surveyor Assistant Development Manager Assistant Project Manager Associate Associate Director (PQS) CEO Civil / Structural Engineer Commercial Director Commercial Manager Construction Manager Contracts Manager Cost Manager (PQS) Design Manager Development Director Development Manager Director (PQS) Facilities Coordinator Facilities Manager General Manager / VP Head of Planning Department Head of Corporate Real Estate

Monthly salary excluding annual/performance bonus. All figures in USD. 7,290 8,640 9,990 5,130 4,590 8,640 14,040 16,740 4,590 14,040 9,990 5,940 8,640 7,290 5,940 14,040 9,990 14,040 4,590 8,640 15,390 12,690 12,690 6,480 5,940 12,690 16,200 27,540 7,290 15,390 12,690 8,640 11,880 8,640 9,990 16,740 12,690 16,740 5,940 11,340 20,790 14,040 16,740 8,640 8,100 18,090 17,820 41,040 9,990 18,090 16,200 10,260 16,740 12,690 11,340 22,140 15,390 22,140 7,290 14,040 27,540 16,740 19,440

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HSE Director HSE Manager HSE Officer Interior Designer Infrastructure Manager Junior Architect Junior Quantity Surveyor Landscape Architect Leasing Executive Leasing Manager MEP Manager MEP Coordinator MEP Design Manager MEP Project Manager Operations Manager Partner Planning Engineer Planning Manager Principal Project Director Property Manager QA / QC Engineer Quantity Surveyor Resident Engineer: Entry Level Senior Architect Senior Civil / Structural Engineer Senior Development Manager Senior Interior Designer Senior Project Manager Senior Quantity Surveyor Senior Resident Engineer Site Manager Town Planner Transport Manager Urban Designer

12,690 9,990 3,240 3,240 12,690 3,240 3,240 4,590 4,590 8,640 8,640 4,050 7,290 8,100 9,990 18,090 5,400 7,290 11,340 15,390 9,990 3,240 5,940 3,780 7,290 5,940 14,040 5,940 11,880 8,640 5,940 4,590 5,940 12,690 5,400 Low

15,390 11,340 4,590 5,940 15,390 4,590 4,320 7,290 5,940 10,800 9,990 5,940 9,990 11,340 12,690 20,250 7,560 10,800 16,740 18,090 11,340 4,320 7,290 5,400 8,640 9,990 16,740 8,640 15,390 11,880 8,640 5,940 7,290 15,390 7,830 Medium

19,440 14,040 5,940 8,640 18,090 5,940 4,590 9,990 9,990 12,690 12,690 7,290 11,340 14,040 15,390 24,840 9,990 14,040 22,140 23,490 14,040 5,400 9,180 8,640 11,340 12,690 20,790 11,340 18,090 13,500 12,690 7,290 8,640 18,090 9,990 High

Administrator / Coordinator Engineer Supervisor Assistant Manager FM Manager Area Manager / Senior FM

Monthly salary excluding annual/performance bonus. All figures in USD. 2,700 3,240 3,780 3,240 4,320 5,400 6,480 8,640 4,320 5,400 7,020 8,370 10,530 5,400 7,020 8,640 11,340 12,690

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Operations / Mobilization Manager FM Director / Head of FM Corporate Real Estate Manager Chief Engineer Technical Services Director FM - Infrastructure

9,990 12,690 9,990 8,640 12,690 8,640 Low

12,690 16,740 12,690 11,340 15,390 9,990 Medium

15,390 20,790 15,390 14,040 18,090 11,340 High

Business / Financial Controller Business Analyst Chief Financial Officer Regional Finance Director Finance Director Finance Manager Financial Accountant Financial Analyst Financial Planning and Analysis Manager Internal Auditor (3 - 4 years post qualified experience) Management Accountant Newly Qualified (1 - 2 years post qualified experience) Newly Qualified (2 - 4 years post qualified experience)

Monthly salary excluding annual/performance bonus. All figures in USD. 8,640 7,290 9,990 4,590 14,040 12,690 11,340 5,940 4,590 4,860 7,290 5,940 5,400 3,780 5,400 5,940 16,740 15,390 14,040 7,290 5,400 5,400 8,640 7,290 5,940 4,590 5,940 7,290 24,840 18,090 16,740 8,640 5,940 6,480 9,990 8,640 7,020 5,400 7,290

Low

Medium

High

Monthly salary excluding annual/performance bonus. All figures in USD. AUDIT VP Audit (Regional based role) Head of Audit Audit Manager Senior Auditor (4 - 5 years post qualified) Auditor (Newly qualified) Junior Auditor (Pre-qualified) COMPLIANCE Global Head of Compliance Divisional Head of Compliance Senior Compliance Manager Compliance Manager Senior Compliance Officer Compliance Officer 16,740 14,040 9,990 7,290 5,940 4,050 Low 19,440 15,390 11,340 8,640 7,290 5,940 Medium 22,140 18,090 12,690 9,990 8,640 7,830 High 19,440 11,340 8,640 5,940 4,590 3,240 16,740 14,040 9,990 7,290 5,940 3,780 22,140 16,740 11,340 8,640 7,290 4,590

HR Director HR Manager

Monthly salary excluding annual/performance bonus. All figures in USD. 10,800 14,580 20,790 6,480 8,100 9,990

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Assistant HR Manager HR Officer HR Executive / Administrator / Coordinator Emiratisation Manager Recruitment Manager Recruitment Specialist Compensation and Benefits Manager Compensation and Benefits Specialist Training and Development Manager Trainer

5,400 3,780 3,780 8,100 5,940 4,050 7,020 4,860 6,480 4,860 Low

6,480 4,725 4,320 10,800 8,100 5,130 9,180 5,400 8,100 5,400 Medium

7,290 5,535 4,860 15,390 9,990 5,940 11,340 6,480 10,260 6,480 High

Monthly salary excluding annual/performance bonus. All figures in USD. TECHNICAL Application Manager Business Analyst CIO / IT Director Data Centre Manager DBA Developer Enterprise Architect Head of IT Helpdesk IT Manager IT Security Analyst Project Manager Quality Analyst Solutions Architect Support Engineer Service Desk Manager SALES Regional Sales Manager Senior Sales Manager Account Executive Business Development Manager 8,640 6,480 5,400 5,670 Low 9,990 8,100 7,020 6,480 Medium 12,690 9,990 7,830 7,560 High 7,290 4,590 11,340 6,480 4,050 2,970 11,340 11,340 2,160 5,940 4,590 5,940 4,590 9,990 3,240 5,400 8,640 6,480 14,040 9,180 4,860 4,320 12,690 14,040 3,240 8,640 5,940 9,990 5,400 12,690 4,590 7,290 11,340 7,830 16,740 11,340 6,480 5,940 15,390 16,740 4,590 11,340 7,290 12,690 7,290 15,390 7,290 9,990

Air Freight Manager COO Logistics Customs Manager Distribution Manager Factory Manager General Manager - Logistics General Manager - Manufacturing

Monthly salary excluding annual/performance bonus. All figures in USD. 0 0 0 12,690 5,940 5,940 8,640 9,990 9,990 16,740 8,640 7,830 11,340 12,690 12,690 19,440 11,880 9,990 14,040 16,740 16,740

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Logistics Administrator Logistics Coordinator Logistics Demand Planner Logistics Manager Logistics Operations Executive Operations Manager - Logistics Third Party Logistics Coordinator Third Part Logistics Manager Transport Manager Warehouse Manager Warehouse Operations Manager Warehouse Operative Warehouse Supervisor

2,700 2,700 3,780 4,860 3,240 7,290 2,970 5,940 6,480 4,590 6,480 2,160 3,240 0 0 0

3,240 3,780 4,860 5,940 3,780 8,640 3,510 7,290 7,830 5,940 8,100 2,700 4,860 0 0 3,780 6,750 3,780 6,210 3,780 5,400 5,400 4,050 2,700 3,240 4,860 Low Medium

3,780 4,860 6,480 9,990 4,590 11,340 4,590 8,640 9,990 8,640 9,990 3,240 5,940 0 0 4,320 9,180 5,130 7,020 4,590 7,290 7,290 5,400 3,780 4,590 5,400 High

Administration Support Administration Manager Junior Executive Assistant Senior Executive Assistant Office Administration Office Manager Personal Assistant Project Administrator Junior Receptionist Senior Receptionist / Administrator Team Assistant

3,240 4,590 3,240 5,130 3,240 4,590 4,860 3,240 2,430 2,700 3,780

Design Manager - Rolling Stock Maintenance Engineer Signalling Design Engineer Construction and Installation Manager Signalling Test and Commissioning Structural Designer - Transport Infrastructure Project Engineer - Transport Infrastructure Bid / Proposals Manager Project Planner Project Controls Manager Systems Safety and Assurance Engineer Consultant - Rail Operations Asset Manager Business Development Manager

Monthly salary excluding annual/performance bonus. All figures in USD. 5,940 8,100 11,340 5,670 5,940 10,800 7,290 5,400 6,210 8,370 7,290 11,340 10,800 11,880 8,100 10,800 8,100 9,990 14,040 9,180 8,100 8,640 12,150 11,340 16,740 14,040 14,040 9,720 15,390 10,260 16,740 16,740 11,340 10,800 13,230 15,390 14,580 19,440 18,360 18,090 13,500 18,090

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Low

Medium

High

Account Management Key Account Manager Brand Manager Business Development Executive Business Development Manager Business Development Director Graphic Designer Marketing Director Marketing Executive Marketing Manager Media Planner PR / Events / Communications Executive PR / Events / Communications Manager PR / Events / Communications Director Sales Executive Sales Manager Sales Director Sales Vice President

Monthly salary excluding annual/performance bonus. All figures in USD. 3,780 4,590 5,940 4,590 3,780 3,240 4,590 7,290 3,240 9,990 3,240 5,400 5,400 3,240 4,590 9,990 3,240 4,590 7,290 11,340 Low 5,940 5,400 3,915 5,940 9,990 4,320 12,690 4,050 7,290 7,290 4,050 6,480 12,015 4,050 5,940 9,990 14,040 Medium 7,290 6,480 4,590 8,640 12,690 5,400 15,390 5,130 9,990 8,640 5,130 8,640 14,040 4,590 8,640 12,690 16,740 High

Retail Operations Manager Area / District Manager Head of Retail Operations General Manager Store Manager Assistant Store Manager Brand Manager Head of Buying Senior Buyer Buyer Assistant Buyer Head of Planning / Merchandise Planning Manager Assistant Planning Manager / Senior Merchandiser Merchandiser Visual Merchandise Manager Head of Visual Merchandising Visual Merchandiser

Monthly salary excluding annual/performance bonus. All figures in USD. 6,480 9,180 11,340 4,590 9,990 11,340 3,240 2,700 6,480 9,990 4,590 4,050 2,700 8,100 7,020 5,400 2,700 4,320 5,940 2,160 7,290 12,690 15,390 4,860 3,780 8,100 12,690 7,020 5,400 4,050 12,690 9,990 7,290 5,400 7,560 9,180 3,780 7,020 16,740 20,790 9,990 6,480 10,260 16,740 11,340 9,180 6,750 20,790 13,500 9,180 7,290 9,990 11,340 4,590

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Low

Medium

High

Buyer Contracts Manager Inventory Controller Inventory Manager Order Desk Supply Manager Process Engineer - Manufacturing Procurement Director Procurement Manager Purchasing Assistant Purchasing Manager Quality Assurance Manager Senior Buyer Senior Procurement Officer Senior Supply Planner (SAP) Service Engineer Strategic Buyer Strategic Sourcing Manager Supply Chain Coordinator Supply Chain Manager Supply Planner Supply Chain Director Technical Advisor Automotive Technical Engineer - Manufacturing Vendor Management - Quality Assurance Vice President - Procurement

Monthly salary excluding annual/performance bonus. All figures in USD. 3,240 4,590 5,940 6,480 2,700 3,780 2,700 3,780 11,340 4,590 2,700 4,590 4,590 3,780 3,780 4,590 3,240 3,510 7,290 3,240 5,940 3,240 12,690 2,700 3,240 5,940 14,040 8,640 3,240 4,860 4,320 4,590 14,040 7,290 3,780 7,290 5,400 4,590 4,590 5,400 4,050 4,320 8,640 3,780 8,640 3,780 15,390 3,780 3,780 6,210 18,090 11,340 3,780 5,400 5,400 5,400 16,740 9,990 4,590 8,640 7,020 5,940 5,940 7,290 5,400 4,860 12,690 4,590 11,340 4,590 19,440 4,590 5,940 7,020 23,490

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