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December 17, 2018

UAE Salary Guide 2019 - Strategy

"With Vision 2030 approaching we see organisations investing in establishing networks and expanding existing offices in the Kingdom of Saudi Arabia as the ties between UAE and KSA grow stronger."

UAE Salary Guide 2019 - Strategy
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai

UAE is raising the bar with strategic governmental initiatives.

A high proportion of strategy consulting firms are looking for consultants with transformation experience. The market started picking up this year after a slow recovery from the dipping oil prices. In 2018, we have seen the Emirates drive forward its development and raise its profile in many strategic governmental initiatives.

The strategy talent market in the UAE has increased in demand.

There is a huge need for PMO and transformation professionals as the UAE is currently undergoing tremendous changes. Concerning strategy, we have seen the banking industry recovering and the talent demand consequently increasing. The healthcare market has also seen an increase in demand for bilingual strategy consultants on both the industry and consulting side with more operational experience.  We see that the market in the UAE has become saturated and people are open to relocating to other GCC countries such as the Kingdom of Saudi Arabia and Bahrain. It is easier to find national talent with the correct skill set at a senior level while there is a massive shortage for junior and mid-level national talent with strategy planning and corporate performance experience.

We envisage UAE nationals opting to choose strategy as their career path shortly.

The recovery in the market, GDP growth, expanding both banking and public sectors along with Expo 2020 and Vision 2021 are driving strategy forward in the public and private sector. We envisage an increasing proportion of UAE national talent opting to choose strategy as their career path in the near future. Nationals with engineering degrees, particularly gained from a Western university are considered for public sector strategy positions. There is no skill shortage for expat residents in the UAE, whereas there is a clear shortage for national talent. UAE nationals tend to focus more on PMO roles whereas international subject matter experts focus on corporate strategy roles. This could be seen as a fact due to the shortage of skill set in nationals.

Psychometric and leadership assessments are becoming standard practice in hiring efficiency.

We have noticed a significant increase in the efficiency of the interviewing process as partners and hiring managers are aware of the competitiveness of the market and the shortage of the talent pool. However, instead of opting for more rounds of interviews, more organisations are seeking assistance with the help of psychometric and leadership assessments to gauge their candidates’ abilities specifically in the public sector. All multinational consultancy firms have stringent performance tests in place, and we do not expect this to change shortly. We can expect the growth of the hiring rate to reach 10 per cent in consulting firms and 5 to 10 per cent in Industry firms as well as the public sector.

The workplace is constantly changing.

We envisage the market to pick up quickly and become more challenging in the next couple of years. With the rise of technology, globalisation and growing government regulation, the way individuals in the workplace are learning, collaborating and leading is constantly changing. There are junior people in this field, which means in the next couple of years; there will be mid-level and managerial talent. The UAE market will reinvigorate, and the public sector will start picking up for strategy professionals, project management officers (PMO) at various levels. With Vision 2030 approaching we see organisations investing in establishing networks and expanding existing offices in the Kingdom of Saudi Arabia as the ties between UAE and KSA grow stronger.

 

ROLES

TITLE

MIN

MAX

INDUSTRY

Analyst

18,000

25,000

 

Manager

35,000

43,000

 

Director

55,000

62,000

 

Chief Strategy Officer

75,000

125,000

CONSULTING

Associate

18,000

23,000

FIRMS

Senior Associate

28,000

35,000

 

Engagement Manager

45,000

55,000

 

Principal

65,000

80,000

 

Partner

110,000+

 

Monthly salaries in UAE Dirhams (AED). Salaries provided are exclusive of any bonus, guaranteed or otherwise. 

Please click here to view the full salary guide for this sector. 

Michael Stubbs By Michael Stubbs

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