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Health Economist Average Salary in Austria 2024

How much money does a person working as Health Economist make in Austria?


Average Monthly Salary
8,980 EUR
( 108,000 EUR yearly)

LOW
4,220
EUR
AVERAGE
8,980
EUR
HIGH
14,200
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Health Economist in Austria typically earns around 8,980 EUR. Salaries range from 4,220 EUR (lowest) to 14,200 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Health Economist salaries in Austria vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Health Economist Pay Scale and Salaries in Austria

Median and salary distribution Austria Health Economist monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
8,460 EUR or more
10% of people earn
7,430 to 8,460 EUR
20% of people earn
5,170 EUR or less
65% of people earn
5,170 to 7,430 EUR
Minimum Salary
4,220 EUR
Median
8,520 EUR
Maximum
14,200 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Health Economist in Austria range from 4,220 EUR (starting salary) to 14,200 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 8,520 EUR, half of the professionals who work as Health Economist in Austria earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Health Economist in Austria earn less than 6,900 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 9,790 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Health Economist in Austria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 5,170 EUR to 7,430 EUR. About 20% of salaries are below the 5,170 EUR mark, while 10% fall within the range of 7,430 EUR to 8,460 EUR. Only 5% of individuals have salaries exceeding 8,460 EUR.

Salary Comparison by Years of Experience / Health Economist / Austria

How do experience and age affect pay?

0 - 2 Years
4,870 EUR
2 - 5 Years+38%
6,710 EUR
5 - 10 Years+42%
9,550 EUR
10 - 15 Years+22%
11,600 EUR
15 - 20 Years+6%
12,300 EUR
20+ Years+9%
13,400 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Austria Health Economist
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Health Economist and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,870 EUR.

While someone with an experience level between two and five years is expected to earn 6,710 EUR, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 9,550 EUR, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 11,600 EUR, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 12,300 EUR, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 13,400 EUR, 9% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Health Economist / Austria

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Health Economist.

Bachelor's Degree
6,220 EUR
Master's Degree+55%
9,600 EUR
PhD+33%
12,800 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Austria Health Economist
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Health Economist in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 6,220 EUR.


Level 2: Master's Degree

At this level, the average salary becomes 9,600 EUR, 55% more than the previous level.


Level 3: PhD

At this level, the average salary becomes 12,800 EUR, 33% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Austria costs anywhere from 19,000 EUR to 57,000 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Health Economist / Austria

Salary comparison by gender Austria Health Economist monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Health Economist in Austria, the average difference between the salary of male and female employees is 5%.

Male
9,180 EUR
Female-4%
8,790 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Austria for all Careers

Salary comparison by gender monthly Austria
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Average Annual Salary Increment Percentage / Health Economist / Austria

How much are annual salary increments in Austria for individuals working as Health Economist? How often do employees get salary raises?

Individuals working as Health Economist in Austria are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Austria Health Economist
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Austria / All Professions

Annual Salary Increment Rate Austria
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Austria is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Health Economist / Austria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Austria Health Economist
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32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
68%
No Bonus
32%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Health Economist / Austria


52 EUR per hour

The average hourly wage (pay per hour) for individuals working as Health Economist in Austria is 52 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Health Economist in Austria is 24 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Health and Medical-100%
Administrative Director6,990 EUR-22%
Admitting Clerk1,230 EUR-86%
Admitting Manager3,680 EUR-59%
Admitting Representative1,730 EUR-81%
Breast Center Manager11,500 EUR+28%
Cardiology Manager11,600 EUR+29%
Care Coordinator1,900 EUR-79%
Certified Medical Assistant2,220 EUR-75%
Chief Clinical Transformation Officer6,640 EUR-26%
Chief Genomics Officer9,340 EUR+4%
Chief Mental Health Officer11,400 EUR+27%
Chief Neurotechnology Officer12,000 EUR+34%
Chief of Psychology11,600 EUR+29%
Chief Population Health Officer9,320 EUR+4%
Clinical Director10,600 EUR+18%
Clinical Policy Developer3,480 EUR-61%
Coding Practice Manager4,520 EUR-50%
Community Organizer1,970 EUR-78%
Community Relations Manager4,120 EUR-54%
Credentialing Analyst3,240 EUR-64%
Data Coordinator1,690 EUR-81%
Director of Medical Staff Services7,270 EUR-19%
Discharge Coordinator1,630 EUR-82%
Emergency Management Director9,120 EUR+2%
Emergency Services Director10,600 EUR+18%
ER Registration Supervisor2,520 EUR-72%
Food Services Director4,880 EUR-46%
Health Compliance Director9,540 EUR+6%
Health Compliance Manager5,870 EUR-35%
Health Data Privacy Officer4,430 EUR-51%
Health Economist8,980 EUR-0%
Health Information Management Specialist3,420 EUR-62%
Health Information Manager4,670 EUR-48%
Health Services Manager8,330 EUR-7%
Health Technology Consultant4,630 EUR-48%
Healthcare Analytics Manager5,280 EUR-41%
HealthTech Regulatory Consultant3,860 EUR-57%
Home Health Scheduler2,020 EUR-78%
Intake Coordinator1,790 EUR-80%
Lead Patient Account Representative3,460 EUR-61%
Managed Care Assistant1,970 EUR-78%
Maternity Services Director9,050 EUR+1%
Medical Administrator4,190 EUR-53%
Medical Assistant2,040 EUR-77%
Medical Billing Clerk1,650 EUR-82%
Medical Billing Specialist3,330 EUR-63%
Medical Director8,700 EUR-3%
Medical Equipment Maintenance Manager3,660 EUR-59%
Medical Insurance Manager6,560 EUR-27%
Medical Office Administrator3,630 EUR-60%
Medical Office Manager6,360 EUR-29%
Medical Policy Manager5,600 EUR-38%
Medical Policy Specialist3,470 EUR-61%
Medical Project Coordinator2,380 EUR-73%
Medical Records Administrator2,610 EUR-71%
Medical Records Clerk1,170 EUR-87%
Medical Records Coding Manager4,400 EUR-51%
Medical Records Director5,150 EUR-43%
Medical Records Specialist2,400 EUR-73%
Medical Records Transcriptionist1,910 EUR-79%
Medical Secretary2,030 EUR-77%
Medical Staff Services Specialist3,880 EUR-57%
Patient Account Represenatative2,850 EUR-68%
Population Health Manager6,240 EUR-31%
Practice Manager7,240 EUR-19%
Program Coordinator1,810 EUR-80%
Project Manager4,740 EUR-47%
Quality Assurance Manager5,200 EUR-42%
Radiology Manager10,300 EUR+15%
Registered Medical Assistant2,000 EUR-78%
Rehabilitation Director9,100 EUR+1%
Rehabilitation Services Manager9,300 EUR+4%
Treatment Services Director10,900 EUR+21%
Ward Manager5,800 EUR-35%

Salary Comparison By City

CityAverage Salary
Vienna10,500 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Austria is 7% on average across all career fields.

Private Sector
3,650 EUR
Public Sector+7%
3,920 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Health Economist in Austria?

A good and competitive compensation would range anywhere between 8,520 EUR and 9,790 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Health Economist in Austria ranges from 4,220 EUR to 6,900 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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