Home > Salary > Saudi Arabia > Consultant Banking
A consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions.
Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.
Estimated Yearly Salary: 141,643 SAR
Estimated Monthly Salary: 11,804 SAR
Estimated Weekly Salary: 2,724 SAR per week
Estimated Hourly Salary: 68 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,428 SAR
Estimated Weekly Salary: 2,637 SAR per week
Estimated Hourly Salary: 66 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 35,488 USD
Estimated Monthly Salary: 2,957 USD
Estimated Weekly Salary: 682 USD per week
Estimated Hourly Salary: 17 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 141,643 SAR
Estimated Monthly Salary: 11,804 SAR
Estimated Weekly Salary: 2,724 SAR per week
Estimated Hourly Salary: 68 SAR per hour
By working as Consultant Banking a person can save up to 1,854 USD per month or 22,245 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Consultant Banking
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Principal process engineer (201,123 SAR per year, pre-tax.)
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Business development analyst (134,728 SAR per year, pre-tax.)
Quality control (qc), supervisor (114,844 SAR per year, pre-tax.)
Consultant Banking salary in Saudi Arabia
Average Yearly Salary of Consultant Banking in Saudi Arabia is approximately 141,643 SAR (35,488 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Consultant Banking do?
A consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions.
Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.
Skills: consultant banking, financial advisory, risk management, regulatory compliance, financial strategy, process improvement
Job industry: Finance
Job industry: Finance
How much does Consultant Banking make?
Salary details
How much does Consultant Banking make?Estimated Yearly Salary: 141,643 SAR
Estimated Monthly Salary: 11,804 SAR
Estimated Weekly Salary: 2,724 SAR per week
Estimated Hourly Salary: 68 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 137,132 SAREstimated Monthly Salary: 11,428 SAR
Estimated Weekly Salary: 2,637 SAR per week
Estimated Hourly Salary: 66 SAR per hour
Last revision of data: 2024-01-08Consultant Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 35,488 USD
Estimated Monthly Salary: 2,957 USD
Estimated Weekly Salary: 682 USD per week
Estimated Hourly Salary: 17 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Consultant Banking in Saudi Arabia earns on average:
1.37 times the average salary (or 137% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Consultant Banking in Saudi Arabia earns on average:
1.37 times the average salary (or 137% of average salary).
Is Consultant Banking a well paid job?
Yes, our data shows that Consultant Banking is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Consultant Banking?
High salary for Consultant Banking would be somewhere between 155,807 SAR and 205,382 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Consultant Banking in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 141,643 SAR
Estimated Monthly Salary: 11,804 SAR
Estimated Weekly Salary: 2,724 SAR per week
Estimated Hourly Salary: 68 SAR per hour
By working as Consultant Banking a person can save up to 1,854 USD per month or 22,245 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Consultant Banking
Jordan is 12,257 USD
Iraq is 7,713 USD
Kuwait is 17,221 USD
Qatar is 90,902 USD
Bahrain is 22,969 USD
United Arab Emirates is 63,150 USD
Oman is 11,696 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Principal process engineer (201,123 SAR per year, pre-tax.)
Central office technician (136,145 SAR per year, pre-tax.)
Digital assets manager (112,774 SAR per year, pre-tax.)
Business development analyst (134,728 SAR per year, pre-tax.)
Quality control (qc), supervisor (114,844 SAR per year, pre-tax.)
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