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Morgan McKinley Banking and Financial Services Salary Survey Guide - UAE 2014
Morgan McKinley Banking and Financial Services Salary Survey Guide - UAE 2014
CONTENTS
MANAGING DIRECTORS LETTER
ASSET MANAGEMENT
10
11
TALK TO US
12
MANAGING
DIRECTORS
LETTER.
Welcome to Morgan
McKinleys UAE Salary
Guide 2014.
Dubai, with the other Emirates, is the employment hub for the
region, with rising levels of demand for consumer goods driving
demand for more Sales & Marketing and Supply Chain
professionals across the Gulf region. Rising levels of demand
within both the green and traditional energy sectors also mean
a growth in opportunities for Power Generation professionals.
Inward and local investment in sectors such as FMCG,
packaging and chemicals is creating demand for Manufacturing
professionals, especially those with knowledge of techniques
such as Six Sigma, as well as Accountants.
With many new projects announced recently, there is a
significant demand for professionals in the Construction and Oil
& Gas industries, with Iraq particularly short of oil industry
specialists.
With the three main credit ratings agencies improving their
ratings, the high level of business activity and improvements in
balance sheets and liquidity, confidence is high in the Banking
& Financial Services sector.
In 2014 we expect to see an increase of 8% to 10% in the
number of job opportunities across all industry sectors and
salaries rising in the range 6% to 8%. Less easy to predict is
the change in the cost of living over the coming years, although
it is safe to say that in many countries the only way is up,
putting pressure on employers and presenting candidates with
some tough choices. However, Morgan McKinley will as ever
be well placed to advise on important issues such as local
accommodation and schooling.
We hope you find the insights presented in this report
interesting and useful, and welcome any feedback.
Trefor Murphy
Managing Director | UAE
tmurphy@morganmckinley.ae
HIRING TRENDS
THE MARKET
3-5 years
experience
5-8 years
experience
8+ years
Analyst
18,000 - 25,000
25,000 - 35,000
Associate
35,000 - 50,000
45,000 - 55,000
55,000 - 65,000
65,000 - 75,000
75,000 +
65,000 - 75,000
75,000 - 85,000
85,000 - 95,000
95,000 - 110,000
85,000 - 95,000
95,000 - 110,000
110,000 - 130,000
130,000 - 150,000
75,000 - 85,000
85,000 - 95,000
95,000 - 110,000
110,000 - 130,000
85,000 - 95,000
95,000 - 110,000
110,000 - 130,000
130,000 - 150,000
75,000 - 85,000
85,000 - 95,000
95,000 - 110,000
110,000 - 130,000
85,000 - 95,000
95,000 - 110,000
110,000 - 130,000
130,000 - 150,000
85,000 - 95,000
95,000 - 110,000
110,000 - 130,000
130,000 - 150,000
Role:
3-5 years
experience
5-8 years
experience
8+ years
Fund Manager
40,000 - 50,000
50,000 - 60,000
60,000 - 75,000
70,000 +
40,000 - 50,000
50,000 - 60,000
60,000 - 75,000
70,000 +
20,000 - 25,000
25,000 - 30,000
30,000 - 35,000
35,000 - 40,000 +
Performance Analyst
20,000 - 25,000
25,000 - 30,000
30,000 - 35,000
35,000 - 40,000 +
Trade Support
10,000 - 15,000
15,000 - 20,000
20,000 - 25,000
25,000 +
Derivatives Analyst
15,000 - 20,000
20,000 - 25,000
25,000 - 30,000
35,000 +
15,000 - 20,000
20,000 - 25,000
25,000 - 30,000
35,000 +
10,000 - 15,000
15,000 - 20,000
20,000 - 25,000
25,000 +
Role:
3-5 years
experience
5-8 years
experience
8+ years
Relationship Manager
20,000 - 25,000
25,000 - 30,000
30,000 +
Relationship Director
35,000 - 40,000
45,000 - 50,000
60,000 +
65,000 - 75,000
75,000 - 85,000
85,000 - 95,000
95,000 +
80,000 - 90,000
90,000 110,000
110,000 - 140,000
140, 000 +
65,000 - 75,000
75,000 - 85,000
85,000 - 90,000
90,000 +
50,000 - 55,000
65,000 - 70,000
70,000 +
Head of GTB
60,000 - 70,000
70,000 - 80,000
80,000 - 90,000
90,000 +
Product Management
40,000 - 50,000
50,000 - 60,000
60,000 - 65,000
65,000 +
75,000 - 85,000
85,000 - 95,000
95,000 - 110,000
110,000 +
Head of Branches
45,000 - 55,000
55,000 - 65,000
65,000 - 75,000
75,000 +
45,000 - 55,000
55,000 - 65,000
65,000 - 75,000
75,000 +
50,000 - 60,000
60,000 - 70,000
70,000 - 80,000
80,000 +
50,000 - 60,000
60,000 - 70,000
70,000 - 80,000
80,000 +
50,000 - 60,000
60,000 - 70,000
70,000 - 80,000
80,000 +
Role:
3-5 years
experience
5-8 years
experience
8+ years
Head of Compliance
60,000 - 80,000
70,000 - 90,000
75,000 - 95,000
80,000 - 140,000
Compliance Manager
28,000 - 36,000
36,000 - 45,000
38,000 - 48,000
48,000 - 65,000
Compliance Officer
14,000 - 20,000
18,000 - 28,000
28,000 - 35,000
35,000 - 50,000
55,000 - 70,000
60,000 - 70,000
70,000 - 80,000
80,000 - 90,000
30,000 - 40,000
40,000 - 48,000
48,000 - 55,000
55,000 - 65,000
14,000 - 19,000
20 ,000- 28,000
28,000 - 34,000
35,000- 45,000
55,000 - 70,000
65 ,000- 75,000
75,000 - 85,000
85,000 - 120,000
35,000 - 48,000
48,000 - 55,000
55,000 - 65,000
65,000- 70,000
14,000 - 20,000
20,000 - 25,000
26,000 - 30,000
30,000 - 38,000
50,000 - 60,000
60,000 - 65,000
65,000 - 70,000
70,000 - 90,000
30,000 - 38,000
38,000 - 45,000
45,000 - 50,000
50,000 - 60,000
Quantitative Officer
14,000 - 18,000
18,000 - 22,000
22,000 - 26,000
26,000- 30,000
45,000 - 50,000
50,000 - 55,000
60,000 - 65,000
65,000 - 75,000
22,000 - 28,000
28,000 - 32,000
32,000 - 35,000
35,000 - 45,000
12,000 - 15,000
15,000 - 18,000
18,000 - 22,000
22,000 - 25,000
40,000 - 50,000
50,000 - 60,000
60 ,000- 70,000
70,000 - 95,000
22,000 - 25,000
25,000 - 30,000
30,000 - 35,000
35,000 - 40,000
12,000 - 15,000
15,000 - 17,000
17,000 - 20,000
20,000 - 22,000
Role:
3-5 years
experience
5-8 years
experience
8+ years
75,000 - 85,000
85,000 - 95,000
95,000 - 110,000
110,000 +
95,000 - 100,000
100,000 - 110,000
110,000 - 130,000
130,000 +
Head of Finance
65,000 - 75,000
75,000 - 85,000
85,000 - 95,000
95,000 +
45,000 - 55,000
55,000 - 65,000
65,000 - 75,000
75,000 +
Management Accountant
10,000 - 15,000
15,000 - 20,000
20,000 - 25,000
25,000 - 35,000
Regulatory Reporting
10,000 - 15,000
15,000 - 20,000
20,000 - 25,000
25,000 - 35,000
Financial Accountant
10,000 - 15,000
15,000 - 20,000
20,000 - 25,000
25,000 - 35,000
15,000 - 20,000
20,000 - 25,000
25,000 - 30,000
30,000 - 35,000
Product Controller
20,000 - 25,000
25,000 - 30,000
30,000 - 35,000
35,000 - 45,000
55,000 - 65,000
65,000 - 75,000
75,000 - 85,000
85,000 +
20,000 - 25,000
25,000 - 30,000
30,000 - 35,000
35,000 - 45,000
55,000 - 65,000
65,000 - 75,000
75,000 - 85,000
85,000 +
Head of Custody
55,000 - 65,000
65,000 - 75,000
75,000 - 85,000
85,000 +
55,000 - 65,000
65,000 - 75,000
75,000 - 85,000
85,000 +
20,000 - 25,000
25,000 - 35,000
35,000 - 45,000
45,000 - 55,000
Role:
Chief Operating Officer (COO) of Finance & Operations
Chief Finance Officer (CFO) of Finance & Operations
3-5 years
experience
5-8 years
experience
8+ years
85,000 - 95,000
95,000 - 110,000
110,000 - 120,000
120,000 +
Chief Dealer
65,000 - 75,000
75,000 - 85,000
85,000 - 95,000
95,000 +
Senior Dealer
35,000 - 45,000
45,000 - 55,000
55,000 - 65,000
65,000 +
Junior Dealer
15,000 - 20,000
20,000 - 25,000
25,000 - 30,000
30,000 - 35,000
Head of FX / Equity / FI / IR
65,000 - 75,000
75,000 - 85,000
85,000 - 95,000
95,000 +
FX Sales
15,000 - 20,000
20,000 - 30,000
30,000 - 40,000
40,000 - 50,000 +
Equity Sales
15,000 - 20,000
20,000 - 30,000
30,000 - 40,000
40,000 - 50,000 +
15,000 - 20,000
20,000 - 30,000
30,000 - 40,000
Structurer/ Derivatives
15,000 - 20,000
20,000 - 30,000
30,000 - 40,000
40,000 - 55,000
Research Analyst
15,000 - 20,000
20,000 - 30,000
20,000 - 40,000
40,000 - 55,000
Head of Research
55,000 - 65,000
65,000 - 75,000
75,000 - 85,000
85,000 +
Role:
10
METHODOLOGY:
The salary information provided in this guide has
been compiled by dedicated researchers across
Morgan McKinleys banking & financial services
division. Our researchers are in regular contact
with both employers and candidates across these
sectors in the UAE.
SALARY DATA:
2014 Morgan McKinley Group Ltd all rights reserved. Copy or reproduction
of this material is strictly prohibited.
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