Financial Analyst Salary in Oman: Complete Compensation Guide 2026

Financial Analyst Compensation in Oman

Oman offers financial analysts a distinctive career environment that combines the tax-free advantages of a GCC country with a diversifying economy driven by Vision 2040, the Sultanate’s ambitious long-term development plan. While smaller than the UAE or Saudi Arabian financial markets, Oman’s economy is undergoing significant transformation as it reduces dependence on oil revenues and develops sectors including tourism, logistics, mining, fisheries, and manufacturing. For financial analysts, this diversification creates a growing range of opportunities across sovereign wealth management, banking, corporate finance, and project analysis—all within a country renowned for its high quality of life, safety, and welcoming expatriate community.

The Omani financial sector is anchored by the Central Bank of Oman (CBO), the Muscat Stock Exchange (MSX), and a banking system that includes both conventional and Islamic institutions. The Oman Investment Authority (OIA), formed from the merger of the State General Reserve Fund and the Oman Investment Fund, manages the Sultanate’s sovereign wealth and has become a significant employer of financial analysts. Combined with the growth of Oman’s Special Economic Zones (particularly Duqm, which is emerging as a major industrial and logistics hub), the demand for qualified financial analysts continues to strengthen.

Salary Overview by Experience Level

Financial Analyst salaries in Oman are denominated in Omani Rial (OMR), one of the world’s highest-valued currencies (1 OMR = approximately 2.60 USD or 9.55 AED). The following ranges represent monthly base salaries.

Entry-Level (0–2 years): OMR 350–550 per month. Fresh graduates and junior analysts enter at this range. Omani nationals start at the upper end due to Omanization requirements and government support programs. Expatriate juniors typically start at OMR 350–450. CFA Level I candidates or those with relevant internship experience can command OMR 450–550.

Mid-Level (3–5 years): OMR 600–1,000 per month. Analysts at this stage handle financial modeling, investment analysis, and reporting independently. The range reflects differences between corporate FP&A at mid-sized companies (OMR 600–750) and positions at banks, investment firms, or OIA-related entities (OMR 800–1,000). CFA charterholders command the upper end.

Senior Level (6–10 years): OMR 1,000–1,600 per month. Senior analysts, finance managers, and investment professionals lead teams and manage complex projects. Roles at Bank Muscat, OIA, and Oman’s leading corporations command the highest salaries at this level.

Executive Level (10+ years): OMR 1,500–2,200 per month. Directors, CIOs, and heads of finance set strategy and manage large teams. OIA, Bank Muscat, and major Omani conglomerates like OQ Group (formerly Oman Oil Company) and Omantel offer the most competitive executive packages.

Key Factors Affecting Salary

Professional Qualifications: The CFA charter commands a 15–30% premium in Oman. ACCA, CPA, and CMA credentials are valued for corporate finance and FP&A roles. The CBO may require specific qualifications for banking sector positions.

Omanization: Oman’s Omanization program is one of the most well-established nationalization policies in the GCC, with the banking and financial services sector having some of the highest quotas (90%+ in certain roles). Omani national analysts earn 20–35% more than expatriate counterparts. For expatriate analysts, this means that highly specialized skills—such as project finance for the Duqm Special Economic Zone, quantitative analysis, or international M&A experience—are essential for securing and maintaining employment.

Employer Type: OIA offers the most prestigious sovereign wealth positions. Bank Muscat, Oman’s largest bank, provides comprehensive packages. Bank Dhofar, National Bank of Oman, and Sohar International Bank offer competitive banking sector compensation. OQ Group provides exposure to energy finance with strong benefits. Omantel, the national telecom, offers analysts technology sector exposure. International banks with Oman presence (HSBC Oman, Standard Chartered Oman) offer globally benchmarked packages.

Benefits That Boost Total Compensation

Housing Allowance: Typically 25–35% of base salary. For a mid-level analyst earning OMR 750, housing adds OMR 188–263 monthly. Oman’s housing costs are among the lowest in the GCC. In Muscat, a two-bedroom apartment in Qurum, Al Khuwair, or Bousher ranges from OMR 250–450 per month, making housing allowances stretch further than in Dubai or Doha.

Transport Allowance: Monthly stipends of OMR 50–130, with senior roles receiving company car allowances. Muscat’s relatively uncongested roads make car-based transport practical and affordable.

Medical Insurance: Employer-provided health insurance is standard and increasingly mandatory. The Dhamani health insurance scheme introduced in recent years has expanded coverage requirements. Value: OMR 200–700 per year for individual coverage.

Education Allowance: International schools in Muscat charge OMR 1,500–5,000 per year, significantly less than UAE or Qatar. Employers typically provide OMR 1,000–3,000 per child annually.

Annual Flights: Return flights for employee and dependents, valued at OMR 150–500 per year.

End-of-Service Gratuity: Oman labor law provides for end-of-service benefits calculated as 15 days of basic salary for each year of the first three years, and one month for each subsequent year. Omani nationals receive pension benefits through the Public Authority for Social Insurance (PASI).

Tax Implications

Oman has no personal income tax, no capital gains tax on personal investments, and no VAT (Oman introduced 5% VAT in April 2021, applicable to goods and services but not employment income). Expatriates have no social security contributions. Omani nationals contribute to PASI (employee share varies). The planned introduction of personal income tax on high earners has been discussed but not implemented as of 2026. Your gross salary as an expatriate remains your full take-home pay.

Top Employers for Financial Analysts in Oman

• Oman Investment Authority (OIA): The Sultanate’s sovereign wealth fund, managing assets across diverse sectors including energy, telecommunications, financial services, and infrastructure. Offers financial analysts exposure to portfolio management, direct investments, and economic development strategy. Compensation packages are among the most competitive in Oman.
• Bank Muscat: Oman’s largest bank by assets and market capitalization, offering analysts exposure to commercial banking, investment banking (through Alizz Islamic Bank and Meethaq), treasury, and regional operations. Comprehensive benefits and the strongest career development platform in Omani banking.
• OQ Group: Oman’s integrated energy company (formerly Oman Oil and Orpic), operating across the energy value chain from exploration to marketing. Financial analysts here work on major energy projects, joint ventures, and corporate strategy. Strong benefits aligned with the energy sector.
• Bank Dhofar: A leading commercial and Islamic bank offering analysts exposure to both conventional and Shariah-compliant banking analysis. Strong presence in the Dhofar region and growing national footprint.
• Omantel: The Sultanate’s largest telecom operator and an increasingly diversified technology company. Offers analysts exposure to telecommunications finance, digital transformation investments, and international operations (including a significant stake in Zain Group).
• National Bank of Oman (NBO): A commercial bank offering analysts exposure to retail banking, corporate banking, and treasury operations. Known for investing in digital banking capabilities.
• ASYAD Group: Oman’s logistics conglomerate, managing ports (Sohar, Duqm, Salalah), shipping, and supply chain operations. Financial analysts gain exposure to logistics and maritime finance, project evaluation, and the rapidly growing Duqm Special Economic Zone.
• Sohar International Bank: Formed from the merger of Sohar Bank and Bank Sohar, offering comprehensive banking exposure with competitive packages.
• Deloitte Oman: The leading professional services firm in Oman, offering advisory, audit, and consulting roles. Structured career paths with potential for regional mobility.
• PwC Oman: Active in audit, tax, and advisory, with strong government sector relationships and growing demand for financial advisory services driven by Vision 2040 initiatives.

Vision 2040 Impact on Financial Analyst Careers

Oman Vision 2040 is driving significant economic diversification that creates new opportunities for financial analysts. Key areas include the development of the Duqm Special Economic Zone as a major industrial and logistics hub, the expansion of tourism (particularly adventure and cultural tourism), the growth of the fisheries and aquaculture sector, mining and mineral processing, and renewable energy. Each of these sectors requires financial analysts for project evaluation, investment appraisal, corporate planning, and capital raising. Analysts who position themselves in Vision 2040 priority sectors will benefit from growing demand and compensation premiums as Oman’s economic transformation accelerates.

Salary Negotiation Tips

• Lead with the CFA charter: The CFA designation is the strongest credential for financial analysts in Oman, adding 15–30% to compensation. Negotiate salary reviews upon completion if you are a candidate.
• Highlight specialized expertise: Oman values analysts with energy project finance, Islamic banking, logistics sector, or special economic zone development experience. Align your expertise with Vision 2040 priorities.
• Negotiate the full package: Housing and education allowances, particularly with Oman’s lower cost of living, can significantly boost effective compensation. These are often more negotiable than base salary.
• Understand Omanization dynamics: If you are an Omani national, your nationality carries premium value in a market with high localization quotas. Expatriates must demonstrate specialized skills that complement local talent.
• Consider Oman’s quality of life: While nominal salaries may be lower than UAE or Qatar, Oman’s lower cost of living, uncrowded lifestyle, natural beauty, and strong expatriate community provide quality-of-life benefits that enhance the overall value proposition.

Key Takeaways

• Financial Analyst salaries in Oman range from OMR 350 per month at entry level to OMR 2,200+ at executive level, all tax-free for expatriates
• OMR is one of the world’s highest-valued currencies (1 OMR = ~2.60 USD), providing strong purchasing power
• OIA, Bank Muscat, and OQ Group are the premier employers offering the most competitive packages
• Oman’s significantly lower cost of living compared to UAE or Qatar enhances the real value of compensation
• Omanization quotas in banking exceed 90%, making specialized expertise essential for expatriate analysts
• Vision 2040 drives economic diversification into tourism, logistics, mining, and renewable energy, creating new financial analysis opportunities
• The CFA charter adds 15–30% to compensation; Islamic finance and energy sector expertise add further value

Detailed Employer Salary Benchmarks

Access exact salary ranges at 10+ top Oman employers for financial analysts, including OIA, Bank Muscat, OQ Group, Bank Dhofar, Omantel, NBO, ASYAD Group, Sohar International Bank, and Big 4 advisory practices. Data covers base salary, housing allowance, transport allowance, bonus structures, PASI impact for Omani nationals, and total compensation packages broken down by career level from analyst through to director and CIO.

Oman Vision 2040 Financial Analyst Career Guide

Get a detailed roadmap for positioning your financial analysis career within Oman’s Vision 2040 transformation. Covers the highest-growth sectors and employers, Omanization navigation strategies for expatriates, qualification pathways combining CFA with local certifications, Duqm Special Economic Zone career opportunities, and strategies for transitioning from banking to sovereign wealth or project finance roles. Includes salary progression benchmarks and negotiation frameworks specific to the Omani market.