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Average Salary in Istanbul 2020

How much money does a person working in Istanbul make?


Average Monthly Salary
9,160 TRY
( 110,000 TRY yearly)

LOW
2,320
TRY
AVERAGE
9,160
TRY
HIGH
40,900
TRY

A person working in Istanbul typically earns around 9,160 TRY per month. Salaries range from 2,320 TRY (lowest average) to 40,900 TRY (highest average, actual maximum salary is higher).

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

Distribution of Salaries in Istanbul

Median and salary distribution monthly Istanbul
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Istanbul range from 2,320 TRY per month (minimum salary) to 40,900 TRY per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 9,530 TRY per month, which means that half (50%) of the population are earning less than 9,530 TRY while the other half are earning more than 9,530 TRY. 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 the population are earning less than 5,330 TRY while 75% of them are earning more than 5,330 TRY. Also from the diagram, 75% of the population are earning less than 26,200 TRY while 25% are earning more than 26,200 TRY.


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 Turkey costs anywhere from 39,200 Turkish Lira(s) to 117,000 Turkish Lira(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.



Salary Comparison By Gender

Salary comparison by gender monthly Turkey
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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 Turkey earn 6% more than their female counterparts on avergae across all sectors.

Male
8,040 TRY
Female-6%
7,570 TRY
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Turkey

How much are annual salary increments in Turkey? How often do employees get salary raises?

Turkey

Employees in Turkey are likely to observe a salary increase of approximately 8% every 18 months.

Annual Salary Increment Rate Turkey
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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.

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 Turkey is 5%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Turkey 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Turkey

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Turkey
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48% of surveyed staff in Turkey reported that they haven't received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
52%
No Bonus
48%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant5,970 TRY
Accounting Assistant4,600 TRY
Accounting Manager13,600 TRY
Bookkeeper4,270 TRY
Chartered Accountant8,250 TRY
Corporate Treasurer11,400 TRY
Financial Analyst11,500 TRY
Financial Manager18,000 TRY
Internal Auditor8,130 TRY

Administration / Reception / Secretarial
Administrative Assistant4,750 TRY
Office Manager7,720 TRY
Receptionist3,330 TRY
Secretary4,120 TRY

Advertising / Grapic Design / Events
Art Director9,030 TRY
Creative Director8,860 TRY
Graphic Designer5,720 TRY
Photographer4,870 TRY

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer11,200 TRY
Air Traffic Controller9,430 TRY
Flight Attendant5,920 TRY
Pilot15,000 TRY

Architecture
Architect10,400 TRY
CAD Drafter4,580 TRY

Automotive
Mechanic3,290 TRY
Service Advisor5,850 TRY

Banking
Bank Branch Manager15,900 TRY
Teller3,330 TRY

Bilingual
Teacher6,430 TRY
Translator8,250 TRY

Business Planning
Business Analyst11,200 TRY
Business Development Manager14,100 TRY
Project Manager9,980 TRY

Care Giving and Child Care
Nanny3,700 TRY
Nursery Teacher3,190 TRY

Construction / Building / Installation
Civil Engineer8,040 TRY
Construction Project Manager15,100 TRY
Health and Safety Officer3,840 TRY

Customer Service and Call Center
Call Center Representative3,450 TRY
Customer Service Manager11,800 TRY
Customer Service Representative3,220 TRY

Engineering
Electrical Engineer8,980 TRY
Engineer8,360 TRY
Mechanical Engineer7,970 TRY

Executive and Management
Chief Executive Officer19,700 TRY
Chief Financial Officer18,200 TRY
General Manager15,300 TRY

Food / Hospitality / Tourism / Catering
Chef5,590 TRY
Executive Chef6,250 TRY
Hotel Manager15,300 TRY
Travel Agent5,420 TRY
Waiter / Waitress2,660 TRY

Health and Medical
Dentist21,800 TRY
Dietitian17,900 TRY
Laboratory Technician6,320 TRY
Nurse7,170 TRY

Human Resources
Human Resources Manager13,000 TRY
Human Resources Officer5,360 TRY

Information Technology
Computer Technician6,820 TRY
Database Administrator8,940 TRY
Developer / Programmer8,910 TRY
Information Technology Manager14,000 TRY
Network Engineer7,860 TRY

Law Enforcement / Security / Fire
Police Officer5,180 TRY

Legal
Attorney17,700 TRY
Legal Assistant4,680 TRY

Media / Broadcasting / Arts / Entertainment
Journalist9,570 TRY

Pharmaceutical and Biotechnology
Biomedical Engineer7,150 TRY
Pharmacist10,900 TRY

Sales Retail and Wholesale
Cashier3,220 TRY
Sales Manager15,100 TRY
Sales Representative5,580 TRY

Teaching / Education
Elementary School Teacher6,330 TRY
Secondary School Teacher7,290 TRY

Average Hourly Wage in Istanbul


53 TRY per hour

The average hourly wage (pay per hour) in Istanbul is 53 TRY. This means that the average person in Istanbul earns approximately 53 TRY 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.

Istanbul VS Turkey

Salary Comparison Between Istanbul and Turkey monthly
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We compared salaries in Istanbul and Turkey and we found that Istanbul salaries are 17% more than those of Turkey.

Salary Comparison By City

CityAverage Salary
Ankara8,510 TRY
Antalya7,630 TRY
Istanbul9,160 TRY
Izmir8,180 TRY

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Turkey earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
7,630 TRY
Public Sector+5%
8,010 TRY
Percentage increase and decrease are relative to the previous value

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