Find out which job sectors are on the rise in the UAE
The National has recently released its salary projections for 2016. They cover four job sectors: accounting and finance (differentiating between SMEs and large companies), financial services, technology, and HR and administration.
Financial jobs are the clear winners, featuring some of the highest salaries, as well as some of the highest increases. For example, the maximal salary for chief financial officers in large companies is expected to be over USD 600,000. Other high-earners include risk officers, heads of wholesale and corporate banking (over USD 500,000 each), heads of transaction banking and managing directors for M&A (over USD 400,000 each). Among the non-financial categories, the highest projected salaries are for chief legal officers and chief information officers (over USD 400,000 each), as well as partners in private practices (USD 400,000).
Salaries are planned to increase by 8.9% for internal auditors in large companies, 6.6% for audit managers in large companies, and 5.5% for compliance directors, both in SMEs and large companies. It’s worth noting that, in the HR sector, learning and development managers may also expect to see their salaries rise by 7.6%. The lowest salary increases are expected for chief technology officers (0.2%), although their annual salaries should still exceed USD 300,000.
The full set of projections can be found below:
Accounting and Finance sector