How much money does a Bank Relationship Manager make in Dubai?
Average Monthly Salary
35,600 AED
( 428,000 AED yearly)
LOW
16,400
AEDAVERAGE
35,600
AEDHIGH
56,700
AED
A person working as a Bank Relationship Manager in Dubai typically earns around 35,600 AED per month. Salaries range from 16,400 AED (lowest) to 56,700 AED (highest).
This is the average monthly salary including housing, transport, and other benefits. Bank Relationship Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Relationship Manager Salary Distribution in Dubai
The median, the maximum, the minimum, and the range
Salary Range
Bank Relationship Manager salaries in Dubai range from 16,400 AED per month (minimum salary) to 56,700 AED per month (maximum salary).
Median Salary
The median salary is 38,500 AED per month, which means that half (50%) of people working as Bank Relationship Manager(s) are earning less than 38,500 AED while the other half are earning more than 38,500 AED. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bank Relationship Manager(s) are earning less than 24,700 AED while 75% of them are earning more than 24,700 AED. Also from the diagram, 75% of Bank Relationship Manager(s) are earning less than 51,400 AED while 25% are earning more than 51,400 AED.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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Bank Relationship Manager Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bank Relationship Manager salaries by experience level and this is what we found.
A Bank Relationship Manager with less than two years of experience makes approximately 18,600 AED per month.
While someone with an experience level between two and five years is expected to earn 24,800 AED per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 36,700 AED per month, 48% more than someone with two to five years of experience.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
* Based on the average change in salary over time. Salary variations differ from person to person.
Additionally, Bank Relationship Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 44,800 AED per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 48,800 AED per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 52,800 AED per month, 8% more than people with fifteen to twenty years of experience.
Bank Relationship Manager average salary change by experience in Dubai
| 0 - 2 Years | 18,600 AED | |
| 2 - 5 Years | +34% | 24,800 AED |
| 5 - 10 Years | +48% | 36,700 AED |
| 10 - 15 Years | +22% | 44,800 AED |
| 15 - 20 Years | +9% | 48,800 AED |
| 20+ Years | +8% | 52,800 AED |
Percentage increase and decrease are relative to the previous value
Typical Salary Progress for Most Careers
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Bank Relationship Manager Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Bank Relationship Manager(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Bank Relationship Manager salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Bank Relationship Manager is 21,600 AED per month.
While someone with a Master's Degree gets a salary of 41,800 AED per month, 93% more than someone having a Bachelor's Degree degree.
Bank Relationship Manager average salary difference by education level in Dubai
| Bachelor's Degree | 21,600 AED | |
| Master's Degree | +93% | 41,800 AED |
Percentage increase and decrease are relative to the previous value
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in United Arab Emirates costs anywhere from 97,900 UAE Dirham(s) to 294,000 UAE Dirham(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Bank Relationship Manager Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Bank Relationship Manager employees in United Arab Emirates earn 9% more than their female counterparts on average.
| Male | 34,700 AED | |
| Female | -8% | 31,700 AED |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in United Arab Emirates for all Careers
Bank Relationship Manager Average Annual Salary Increment Percentage in United Arab Emirates
How much are annual salary increments in United Arab Emirates for Bank Relationship Manager(s)? How often do employees get salary raises?
Bank Relationship Manager
Bank Relationship Manager(s) in United Arab Emirates are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
United Arab Emirates / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
“The average salary increase in one year (12 months) in United Arab Emirates is 6%.”
Annual Increment Rate By Industry 2021
| Banking | 2% | |
| Energy | 4% | |
| Information Technology | 6% | |
| Healthcare | 8% | |
| Travel | 1% | |
| Construction | 3% | |
| Education | 5% |
Listed above are the average annual increase rates for each industry in United Arab Emirates for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Bank Relationship Manager Bonus and Incentive Rates in United Arab Emirates
How much and how often are bonuses being awarded?
A Bank Relationship Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 86% | |
| No Bonus | 14% |
Types of Bonuses Considered
Individual Performance-Based Bonuses
The most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based Bonuses
Granted upon achieving an important goal or milestone.
Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Bank Relationship Manager Average Hourly Wage in Dubai
210 AED per hour
The average hourly wage (pay per hour) in Dubai is 210 AED. This means that the average Bank Relationship Manager in Dubai earns approximately 210 AED for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Bank Relationship Manager VS Other Jobs
The average salary for Bank Relationship Manager is 52% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
Dubai VS United Arab Emirates
We compared Bank Relationship Manager salaries in Dubai and United Arab Emirates and we found that Dubai salaries are 7% more than those of United Arab Emirates.
Salary comparison with similar jobs
| Job Title | Average Salary |
| AML Analyst | 34,800 AED |  -2% |
| Assistant Bank Branch Manager | 29,100 AED | -18% |
| Assistant Bank Manager | 40,300 AED |  +13% |
| ATM Manager | 31,500 AED | -12% |
| ATM Service Technician | 8,290 AED | -77% |
| Bank Accounts Analyst | 12,200 AED | -66% |
| Bank Accounts Controller | 15,600 AED | -56% |
| Bank Accounts Executive | 24,200 AED | -32% |
| Bank Accounts Manager | 28,900 AED | -19% |
| Bank Auditing Manager | 29,400 AED | -17% |
| Bank Branch Manager | 38,900 AED | +9% |
| Bank Clerk | 6,650 AED | -81% |
| Bank Compliance Specialist | 20,200 AED | -43% |
| Bank Manager | 49,000 AED | +38% |
| Bank Operational Risk Manager | 48,200 AED | +35% |
| Bank Operations Head | 47,500 AED | +33% |
| Bank Operations Officer | 17,800 AED | -50% |
| Bank Operations Specialist | 28,100 AED | -21% |
| Bank Process Manager | 25,600 AED | -28% |
| Bank Product Manager | 30,700 AED | -14% |
| Bank Programme Manager | 31,800 AED | -11% |
| Bank Project Manager | 37,700 AED | +6% |
| Bank Propositions Manager | 34,900 AED | -2% |
| Bank Quantitative Analyst | 23,400 AED | -34% |
| Bank Regional Manager | 47,700 AED | +34% |
| Bank Regional Risk Officer | 24,500 AED | -31% |
| Bank Relationship Manager | 35,600 AED | -0% |
| Bank Relationship Officer | 15,400 AED | -57% |
| Banker | 16,800 AED | -53% |
| Banking Business Analyst | 24,600 AED | -31% |
| Banking Business Development Officer | 14,500 AED | -59% |
| Banking Business Planning Executive | 35,300 AED | -1% |
| Banking Product Manager | 31,300 AED | -12% |
| Banking Reference Data Manager | 25,600 AED | -28% |
| Banking Risk Analyst | 24,600 AED | -31% |
| Banking Technical Analyst | 13,000 AED | -64% |
| Bankruptcy Coordinator | 16,800 AED | -53% |
| Budget Analyst | 24,400 AED | -32% |
| Cards Marketing Manager | 29,800 AED | -16% |
| Cash Management Manager | 43,100 AED | +21% |
| Check Processing Manager | 32,400 AED | -9% |
| Commercial Vault Associate | 23,500 AED | -34% |
| Corporate Dealer | 24,800 AED | -30% |
| Credit Analyst | 18,700 AED | -48% |
| Credit and Collections Manager | 34,000 AED | -5% |
| Credit Card Fraud Investigator | 23,900 AED | -33% |
| Credit Portfolio Manager | 46,500 AED | +31% |
| Credit Risk Analyst | 27,000 AED | -24% |
| Credit Risk Associate | 26,000 AED | -27% |
| Direct Bank Sales Representative | 16,600 AED | -53% |
| Financial Bank Planning Consultant | 31,400 AED | -12% |
| Financial Banking Analysis Manager | 37,300 AED | +5% |
| Financial Banking Assistant | 10,600 AED | -70% |
| Financial Banking Systems Manager | 32,800 AED | -8% |
| Foreign Exchange Manager | 36,100 AED | +1% |
| Fraud Analyst | 26,800 AED | -25% |
| Fraud Detection Associate | 17,900 AED | -50% |
| Fraud Detection Manager | 38,900 AED | +9% |
| Fraud Detection Supervisor | 20,200 AED | -43% |
| Internal Bank Audit Manager | 45,500 AED | +28% |
| Internal Bank Auditor | 24,400 AED | -32% |
| International Banking Manager | 48,800 AED | +37% |
| Loan Analyst | 22,900 AED | -36% |
| Loan Area Manager | 30,400 AED | -15% |
| Loan Audit Team Leader | 28,400 AED | -20% |
| Loan Branch Manager | 26,100 AED | -27% |
| Loan Business Development Officer | 14,100 AED | -60% |
| Loan Clerk | 8,080 AED | -77% |
| Loan Collection Manager | 30,200 AED | -15% |
| Loan Collector | 7,230 AED | -80% |
| Loan Examiner | 10,200 AED | -71% |
| Loan Processing Manager | 27,100 AED | -24% |
| Loan Processor | 10,000 AED | -72% |
| Loan Quality Assurance Auditor | 24,200 AED | -32% |
| Loan Quality Assurance Manager | 27,800 AED | -22% |
| Loan Quality Assurance Representative | 18,700 AED | -48% |
| Loan Review Manager | 26,600 AED | -25% |
| Loan Team Leader | 24,300 AED | -32% |
| Mortgage Advisor | 16,900 AED | -53% |
| Mortgage Collection Manager | 29,800 AED | -16% |
| Mortgage Collector | 7,120 AED | -80% |
| Mortgage Credit Analyst | 12,400 AED | -65% |
| Mortgage Credit Manager | 27,800 AED | -22% |
| Mortgage Development Manager | 29,700 AED | -17% |
| Mortgage Document Reviewer | 9,820 AED | -72% |
| Mortgage Funding Manager | 31,700 AED | -11% |
| Mortgage Operations Manager | 43,900 AED | +23% |
| Mortgage Payment Processing Clerk | 8,330 AED | -77% |
| Mortgage Processing Manager | 28,600 AED | -20% |
| Mortgage Processor | 9,930 AED | -72% |
| Mortgage Quality Assurance Auditor | 23,500 AED | -34% |
| Mortgage Quality Assurance Manager | 27,800 AED | -22% |
| Mortgage Servicing Clerk | 7,680 AED | -78% |
| Mortgage Servicing Manager | 27,000 AED | -24% |
| Mortgage Underwriter | 10,100 AED | -72% |
| Online Banking Manager | 42,500 AED | +19% |
| Payment Processing Clerk | 8,170 AED | -77% |
| Personal Banker | 16,900 AED | -53% |
| Personal Banking Advisor | 17,300 AED | -51% |
| Phone Banker | 11,300 AED | -68% |
| Private Banker | 18,000 AED | -49% |
| Reconciliation and Investigation Specialist | 20,300 AED | -43% |
| Teller | 7,850 AED | -78% |
| Trade Officer | 8,990 AED | -75% |
| Trade Product Manager | 28,100 AED | -21% |
| Trader | 11,500 AED | -68% |
| Treasury Operations Officer | 20,800 AED | -42% |
Salary Comparison By City
| City | Average Salary |
| Abu Dhabi | 35,500 AED |
| Ajman | 32,500 AED |
| Al Ain | 31,100 AED |
| Dubai | 35,600 AED |
| Fujairah | 29,100 AED |
| Ras Al Khaimah | 30,000 AED |
| Sharjah | 33,700 AED |
| Um Al Quiwain | 27,400 AED |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in United Arab Emirates earn 6% more than their private sector counterparts on average across all sectors.
| Private Sector | 18,900 AED | |
| Public Sector | +6% | 20,100 AED |
Percentage increase and decrease are relative to the previous value
United Arab Emirates»Dubai
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FAQs
How much does a relationship manager earn in Dubai? ›
The average salary for a relationship manager is AED 6,784 per month in UAE.
What is a good salary in Dubai 2022? ›The expected salary ranges from 12,000-45,000. Emirates Chalhoub group, Deloitte, Al Tamimi & Company, and Kharafi National are the top companies for sales in Dubai. Sales jobs are one of the in-demand jobs in Dubai.
What is a good professional salary in Dubai? ›...
1. Salary Comparison by Profession.
| Profession | Average Salary (per month) |
|---|---|
| Business Development Manager | 14,000 AED |
| Teaching Jobs | 10,400 AED |
| Tax Consultant | 9,500 AED |
Around 80% of the emirate's population is made up of expatriates, partly because of the high quality of life and the attractive salaries. The average salary in Dubai is AED 21,500 per month, which is equivalent to USD $5,853. The salary of a worker in Dubai is therefore on average higher than in Western countries.
How much do relationship managers earn? ›Entry-level positions start at S$42,000 per year, while most experienced workers make up to S$90,000 per year.
What is the job description of a relationship manager? ›A Relationship Manager is a professional who aids in developing and maintaining strong customer relationships, both within a company as well as with outside clients. They seek out new business opportunities for their clients while advising them on products or services that best fit their needs.
What is the minimum salary in Dubai 2022? ›According to local analytical agencies, the minimum wage in the UAE in 2022 ranges from 600-3000 dirhams per month, which is equivalent to 165-815 U.S. dollars.
Is 18000 AED a good salary in Dubai? ›although it depends on your lifestyle but in general the package is good.
Is 14000 AED a good salary in Dubai? ›If you have school-going children, then AED 14,000 will not be enough to manage in either city. School fees are very high out here and add to that the fact that you will need to rent an apartment, you will be cutting it a bit too close. Hi Pamela, I am single.
Is Dubai salary higher than UK? ›...
Salaries.
| Profession | Dubai Salary | London Salary |
|---|---|---|
| HR Manager | 372,000AED | 205,000AED |
| Petroleum Engineer | 235,200AED | 260,000AED |
| Nurse | 184,800AED | 158,935AED |
| Doctor | 630,000AED | 603,300AED |
What is basic salary UAE? ›
Currently, there is no UAE minimum wage. Also, there is no basic salary percentage in the UAE Labour Law; meaning the law does not require that the basic salary be a certain percentage of the gross salary. Nevertheless, common practice is for basic salary to be 60% of the gross salary and for allowances to be 40%.
Are salaries in Abu Dhabi higher than Dubai? ›...
Dubai vs Abu Dhabi – Salaries.
| Profession | Salary Dubai | Salary Abu Dhabi |
|---|---|---|
| Business Development Manager | 371,000 AED | 397,000 AED |
| Teacher | 174,000 AED | 187,000 AED |
The general formulas to calculate overtime rate for normal days is (Salary/30 days/8 hours) * 1.25 and for weekend (Salary/30 days/8 hours)*1.5. You should further multiple number of OT hours to the respective formula to get OT Amount for normal days and Fridays to add in to Gross Salary for each employee.
How can I live cheap in Dubai? ›- LOOK FOR AN AFFORDABLE NEIGHBOURHOOD. ...
- SHARE AN APARTMENT LEGALLY. ...
- LIVE CLOSE TO YOUR WORKPLACE / CHILDREN'S SCHOOL. ...
- USE PUBLIC TRANSPORT IN DUBAI. ...
- USE ALTERNATIVE ROUTES TO AVOID ROAD TOLLS. ...
- SHOP AT AFFORDABLE SUPERMARKETS. ...
- BUY LOCAL. ...
- LOOK FOR FREE OR BUDGET-FRIENDLY THINGS TO DO IN DUBAI.
- Head over to the MOHRE or Tasheel website.
- Below the page, you will see a 'Labour Card Information' option.
- Select the option to go to the next page.
- Enter your details such as labour card number, person code, date of birth and nationality.
A relationship manager makes an average of $64,633 per year . However, their salary can vary depending on the amount of experience they have or the company they are in. For example, someone with a lot of experience working as a senior relationship manager makes an average of $104,095 per year .
Is relationship manager a good job? ›Pros of becoming a Relationship Manager
The job supports an improvement in leadership and communication skills. Performance-based promotions mean good scope for growth in position as well as money. Provides excellent networking opportunities.
Bachelor Degree in business, finance, or accounting. Equivalent combination of education and relevant work experience may be considered. 3-5 years of experience managing high value private or commercial banking relationships, and developing, structuring, underwriting, and negotiating, complex credit transactions.
What is the minimum basic salary in UAE 2022? ›For the first five years, he will be entitled to 21 working days of basic salary, which is AED 2,570.4 (AED 122.4 multiplied by 21). Also, for the next five years, he will be entitled to 30 working days of basic salary, which is AED 3,672 (AED 122.4 multiplied by 30). Total gratuity payable to Mr. A is AED 6,242.4.
Is 2000 AED enough in Dubai? ›You will struggle to spend on food for 7 days, do all the attractions you mentioned with reputable merchants, transportation, and buy gifts with 2000 dirhams!
How much does a Filipino earn in Dubai? ›
Salary of a Filipino in Dubai
Working in Sales – around 3,750 – 5,000 AED per month, which is equivalent to 52,000 – 69,000 PhP. Working with an Admin related job – 3,500 – 7,000 AED, equivalent to a maximum salary of 96,000 PhP.
| Location | Single person monthly cost without rent |
|---|---|
| Dubai | AED 3,477.89 (USD 946,88) |
| Hong Kong | AED 4,019.24 (USD 1 094.27) |
| London | AED 4,334.80 (USD 1 180.18) |
| New York | AED 5,013.16 (USD 1 364.87) |