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Business Planning Average Salaries in Romania 2020

How much money does a person working in Business Planning make in Romania?


Average Monthly Salary
9,450 RON
( 113,000 RON yearly)

LOW
4,680
RON
AVERAGE
9,450
RON
HIGH
16,100
RON

A person working in Business Planning in Romania typically earns around 9,450 RON per month. Salaries range from 4,680 RON (lowest average) to 16,100 RON (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Business Planning careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Business Development Manager11,600 RON
Assistant Merchandise Planner6,500 RON
Business Advisor10,800 RON
Business Analyst10,400 RON
Business Consultant11,000 RON
Business Continuity Associate6,250 RON
Business Development Associate5,630 RON
Business Development Coordinator5,930 RON
Business Development Manager13,300 RON
Business Development Specialist10,500 RON
Business Operations Specialist9,690 RON
Business Process Writer6,090 RON
Capacity Planner7,560 RON
Capacity Planning Supervisor9,870 RON
Change Communications Analyst10,200 RON
Change Control Analyst10,200 RON
Contracts Executive10,600 RON
Corporate Strategy Analyst11,100 RON
Cost Control Engineer7,010 RON
Cost Estimator6,740 RON
Data Executive5,680 RON
Development Researcher8,040 RON
Due Diligence Analyst11,700 RON
Estimating Manager11,100 RON
General Manager12,500 RON
Incident Handler7,750 RON
Incident Specialist9,320 RON
Lean Consultant7,770 RON
Manager14,700 RON
Materials Planner4,850 RON
Merchandise Controller4,540 RON
Merchandise Planner4,750 RON
Operations Analyst10,000 RON
Operations Research Analyst6,270 RON
Planning and Reporting Manager11,700 RON
Planning Director13,900 RON
Project Administrator6,630 RON
Project Manager10,700 RON
Project Planner7,080 RON
Research Assistant6,000 RON
Research Engineer6,830 RON
Research Officer5,070 RON
Risk Management Specialist10,400 RON
Scholarship Coordinator5,300 RON
Store Planner5,090 RON
Strategy Director14,700 RON
Top Research and Development Executive15,400 RON

Business Planning Jobs Salary Distribution in Romania

Median and salary distribution monthly Romania Business Planning
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Planning salaries in Romania range from 4,680 RON per month (minimum average salary) to 16,100 RON per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 10,000 RON per month, which means that half (50%) of people working in Business Planning are earning less than 10,000 RON while the other half are earning more than 10,000 RON. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Business Planning are earning less than 6,610 RON while 75% of them are earning more than 6,610 RON. Also from the diagram, 75% of people working in Business Planning are earning less than 13,900 RON while 25% are earning more than 13,900 RON.


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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Romania costs anywhere from 44,900 New Leu(s) to 135,000 New Leu(s) 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 into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Business Planning Salary Comparison By Gender

Salary comparison by gender monthly Romania Business Planning
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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? Male employees in Romania who work in Business Planning earn 11% more than their female counterparts on average.

Female
9,010 RON
Male+11%
9,990 RON
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Romania for all Careers

Salary comparison by gender monthly Romania
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Business Planning Average Annual Salary Increment Percentage in Romania

How much are annual salary increments in Romania for Business Planning professionals? How often do employees get salary raises?

Business Planning

Business Planning professionals in Romania are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Romania Business Planning
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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.

Romania / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Romania is 5%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Romania for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Business Planning Bonus and Incentive Rates in Romania

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Romania Business Planning
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Business Planning is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

22% of surveyed staff in Business Planning reported that they haven't received any bonuses or incentives in the previous year while 78% 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
78%
No Bonus
22%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Romania
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Where can you get paid more, working for a private company or for the government? Public sector employees in Romania earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
8,760 RON
Public Sector+7%
9,390 RON
Percentage increase and decrease are relative to the previous value

Business Planning Hourly Average Wage in Romania


55 RON per hour

The average hourly wage (pay per hour) in Romania is 55 RON. This means that the average person in Romania earns approximately 55 RON for every worked hour.


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

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 fix 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.

Business Planning VS Other Jobs

Salary Comparison Between Business Planning and Business Planning monthly Romania
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The average salary for Business Planning is 5% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Brasov8,440 RON
Bucharest10,200 RON
Cluj-Napoca9,420 RON
Sibiu9,910 RON
Timisoara8,870 RON
5232 - 15

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