Investment Banking Associate
Bulge Bracket · Riyadh, Saudi Arabia · 2-3
Associate on the Banking & Capital Markets ladder
Full Banking & Capital Markets ladder →The Investment Banking track in Saudi, every published level. Pay envelope by level, SAR per month.
- AnalystSAR 20,000 – 46,000
- AssociateThis roleSAR 37,000 – 74,000
- Vice PresidentSAR 53,000 – 126,000
- Director / Executive DirectorSAR 78,000 – 163,000
Monthly total fixed pay, from the Standard-tier floor to the Exceptional-tier ceiling.
Median pay by seniority: Banking & Capital Markets, Saudi Arabia
Associate salary range, Riyadh
bulge_bracket · Saudi Arabia · total cash per month
- Bands referenced
- 3 across UAE and Saudi
- Last refresh
- Sep 2026
See the full range, percentiles, bonus, total comp, and per-firm benchmarks for Associate in Riyadh, included with Tenure Pro.
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Live Investment Banking Associate roles in Riyadh
All Banking & Capital Markets rolesScreened openings from the Tenure board, each benchmarked against the Pay Index for the role, level and market.
Relationship Manager UAE National Only.CIBG - Dubai - S&M - Services.41.Corporate & Investment Banking Group
Mashreq · Dubai, UAE · Mid-level
Pay benchmark above AED 40k/month · Banking & Capital Markets
Global Banking & Markets, MENA Coverage, Investment Banking, Analyst, Dubai
Goldman Sachs · Dubai, UAE · Junior
Pay benchmark attached · Banking & Capital Markets
Head, Digital Transformation-Strategy & Governance.Injaz - CIBG - WDS - TMO.Corporate & Investment Banking Group
Mashreq Corporate & Investment Banking Group · Dubai, UAE · Lead
Pay benchmark above AED 100k/month · Banking & Capital Markets
Investment Banking Summer Analyst, Summer 2027
Nepternship · Dubai, UAE · Junior
Not benchmarked yet · Banking & Capital Markets
Transition Management Analyst, Assistant Vice President, State Street Investment Management
State Street Corporation · Riyadh, KSA · Mid-level
Pay benchmark above AED 40k/month · Banking & Capital Markets
Director - Managed Investment Solutions
Emirates NBD · Dubai, UAE · Lead
Pay benchmark above AED 80k/month · Banking & Capital Markets
Browse every live role in Riyadh.
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Frequently asked questions
What does a Investment Banking Associate earn in Riyadh?
The Tenure Pay Index median for a Investment Banking Associate in Riyadh is SAR 61,000 a month. The published range for this role and employer bracket runs SAR 54,000 to SAR 74,000 a month. Figures are monthly total fixed cash, the way Gulf offers are quoted, and they exclude bonus, housing paid separately, and gratuity.
What is the full pay range for this level in Saudi?
Across employer calibre, Associate roles in Saudi run SAR 37,000 – 74,000 a month, from the market floor to the top of the range. Where an individual offer sits inside that span is mostly a function of employer calibre, and the calibrated split by tier is part of Tenure Pro.
How much more does the level above pay?
The next step up on the Investment Banking ladder is Vice President, which runs SAR 53,000 – 126,000 a month in Saudi against SAR 37,000 – 74,000 for Associate. Both spans are floor to ceiling across employer calibre, so they overlap: a strong offer at this level can beat a weak one a rung up.
What does the level below this one pay?
Analyst, the rung beneath Associate on the Investment Banking ladder, runs SAR 20,000 – 46,000 a month in Saudi. The step between the two is the clearest read on what a promotion at this stage is worth.
Is this base salary or total pay?
It is total fixed monthly pay, which is how compensation is quoted in the Gulf: the guaranteed cash an employer pays every month, including any fixed allowances rolled into the package. It does not include bonus, gratuity, or a housing allowance paid separately from salary. Banking & Capital Markets bonus and allowance norms are covered in the gated sections of this page.
Where does this figure come from?
From primary sources Tenure holds on file: written offer letters shared by members, anonymised before mapping, and extracts from established Gulf compensation surveys. Nothing is crowdsourced and nothing is modelled from job-ad text. No band publishes on fewer than three independent verified sources, and a band that falls below that floor is withdrawn rather than shown. The Index is refreshed quarterly.
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