jobalertshop
jobalertshopDubai’s economy is known to be one of the fastest-growing economies in the world. In recent years, the city has been making significant strides in the financial industry. According to reports, UAE’s banking sector grew by 11% in 2019, and Dubai’s financial industry has witnessed a decade of rapid growth, largely driven by the city’s infrastructure investments, government policies, and a diverse workforce. The growth rate is expected to continue, with the total number of financial jobs expected to register double-digit growth in the coming years.
One of the most significant advantages of Dubai’s financial industry is the presence of a vast network of local and international banks, which provides a wide range of job opportunities in various areas of finance, such as investment banking, asset management, wealth management, and corporate finance.
Career Paths in Dubai’s Financial Industry
Investment Banking
The investment banking industry in Dubai has been growing at an accelerated pace. With global investment banks setting up offices in the city, this sector provides exciting career opportunities for finance professionals. Investment banking jobs in Dubai require a combination of technical finance skills, strategic advisory, and excellent communication skills. One of the most significant benefits of an investment banking job in Dubai is the lucrative compensation packages, which can range from AED 300k to AED 1 million, depending on the seniority of the position.
Asset Management
Asset management is another growing sector in Dubai’s financial industry. The city’s strategic location, attractive tax framework, and high net worth individuals have made it an ideal location for wealth managers and asset managers. Asset management jobs require a combination of financial analysis, wealth management, and relationship management skills. Compensation in this sector is highly competitive and can range from AED 180k to AED 700k.
Private Equity
Private equity in Dubai is another sector that has witnessed significant growth in recent years. Dubai’s economy is diversified and has attracted a lot of private equity firms. Private equity jobs in Dubai require strong analytical and strategic planning skills. Compensation in this industry can range from AED 300k to AED 1 million.
Corporate Finance
Dubai’s corporate finance industry is a popular area of finance for finance professionals who want to work with large multinationals or local conglomerates. Corporate finance jobs in Dubai require a combination of financial planning, analysis, and strategic planning skills. Compensation in this industry can range from AED 180k to AED 350k, depending on the seniority.
Accounting
The accounting industry is also growing in Dubai. Accounting jobs are available in various sectors such as banking, insurance, retail, and hospitality. Accounting jobs in Dubai require experience in auditing, compliance, and financial reporting. Compensation in this industry can range from AED 120k to AED 300k.
Salaries in Dubai’s Financial Industry
Salaries in Dubai’s financial industry are extremely competitive. The city offers a tax-free income, which allows finance professionals to take home more money than they would in other financial centers. Salaries in Dubai’s financial industry vary significantly, depending on the seniority of the position, job category, and experience.
Entry-level finance jobs in Dubai typically pay between AED 90k to AED 180k per year. Mid-level finance jobs in Dubai typically pay between AED 180k to AED 450k per year, while senior-level finance jobs in Dubai can result in salaries ranging from AED 450k to AED 1 million per year, depending on the type of job.
In addition to the high salaries, most financial companies in Dubai also offer additional benefits, such as bonuses, health insurance, housing allowances, and other incentives to attract the best talent.
Conclusion
Dubai’s financial industry is rapidly growing and provides a wealth of career opportunities. The sector is diverse and offers jobs across various finance areas, ranging from investment banking to accounting. Salaries in Dubai’s financial industry are highly competitive and include various benefits such as housing allowances and health insurance. Whether you are a recent finance graduate or an experienced finance professional, Dubai’s financial industry is an excellent place to build your career.
🔥0
