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Average Salary in Bosnia and Herzegovina 2020

How much money does a person working in Bosnia and Herzegovina make?


Average Monthly Salary
2,300 BAM
( 27,600 BAM yearly)

LOW
580
BAM
AVERAGE
2,300
BAM
HIGH
10,300
BAM

A person working in Bosnia and Herzegovina typically earns around 2,300 BAM per month. Salaries range from 580 BAM (lowest average) to 10,300 BAM (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 Bosnia and Herzegovina

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

  • Salary Range

    Salaries in Bosnia and Herzegovina range from 580 BAM per month (minimum salary) to 10,300 BAM per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,480 BAM per month, which means that half (50%) of the population are earning less than 2,480 BAM while the other half are earning more than 2,480 BAM. 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 1,380 BAM while 75% of them are earning more than 1,380 BAM. Also from the diagram, 75% of the population are earning less than 6,880 BAM while 25% are earning more than 6,880 BAM.


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 Bosnia and Herzegovina costs anywhere from 11,500 Convertible Marks(s) to 34,500 Convertible Marks(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 Bosnia and Herzegovina
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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 Bosnia and Herzegovina earn 11% more than their female counterparts on avergae across all sectors.

Male
2,410 BAM
Female-10%
2,180 BAM
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Bosnia and Herzegovina

How much are annual salary increments in Bosnia and Herzegovina? How often do employees get salary raises?

Bosnia and Herzegovina

Employees in Bosnia and Herzegovina are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Bosnia and Herzegovina
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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 Bosnia and Herzegovina is 2%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Bosnia and Herzegovina 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 Bosnia and Herzegovina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bosnia and Herzegovina
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61% of surveyed staff in Bosnia and Herzegovina reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

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
Accountant1,600 BAM
Accounting Assistant1,290 BAM
Accounting Manager3,420 BAM
Bookkeeper1,120 BAM
Chartered Accountant2,100 BAM
Corporate Treasurer3,250 BAM
Financial Analyst2,980 BAM
Financial Manager4,800 BAM
Internal Auditor2,170 BAM

Administration / Reception / Secretarial
Administrative Assistant1,230 BAM
Office Manager1,930 BAM
Receptionist890 BAM
Secretary1,010 BAM

Advertising / Grapic Design / Events
Art Director2,270 BAM
Creative Director2,250 BAM
Graphic Designer1,480 BAM
Photographer1,250 BAM

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer3,050 BAM
Air Traffic Controller2,430 BAM
Flight Attendant1,570 BAM
Pilot4,070 BAM

Architecture
Architect2,720 BAM
CAD Drafter1,170 BAM

Automotive
Mechanic870 BAM
Service Advisor1,690 BAM

Banking
Bank Branch Manager4,070 BAM
Teller830 BAM

Bilingual
Teacher1,730 BAM
Translator2,100 BAM

Business Planning
Business Analyst2,870 BAM
Business Development Manager3,580 BAM
Project Manager2,500 BAM

Care Giving and Child Care
Nanny980 BAM
Nursery Teacher830 BAM

Construction / Building / Installation
Civil Engineer2,050 BAM
Construction Project Manager3,670 BAM
Health and Safety Officer1,080 BAM

Customer Service and Call Center
Call Center Representative850 BAM
Customer Service Manager3,200 BAM
Customer Service Representative910 BAM

Engineering
Electrical Engineer2,370 BAM
Engineer2,180 BAM
Mechanical Engineer2,210 BAM

Executive and Management
Chief Executive Officer5,210 BAM
Chief Financial Officer4,650 BAM
General Manager4,150 BAM

Food / Hospitality / Tourism / Catering
Chef1,420 BAM
Executive Chef1,740 BAM
Hotel Manager4,140 BAM
Travel Agent1,440 BAM
Waiter / Waitress740 BAM

Health and Medical
Dentist5,530 BAM
Dietitian4,710 BAM
Laboratory Technician1,750 BAM
Nurse1,830 BAM

Human Resources
Human Resources Manager3,590 BAM
Human Resources Officer1,450 BAM

Information Technology
Computer Technician1,730 BAM
Database Administrator2,310 BAM
Developer / Programmer2,250 BAM
Information Technology Manager3,910 BAM
Network Engineer2,040 BAM

Law Enforcement / Security / Fire
Police Officer1,340 BAM

Legal
Attorney4,550 BAM
Legal Assistant1,260 BAM

Media / Broadcasting / Arts / Entertainment
Journalist2,690 BAM

Pharmaceutical and Biotechnology
Biomedical Engineer1,910 BAM
Pharmacist2,860 BAM

Sales Retail and Wholesale
Cashier890 BAM
Sales Manager4,220 BAM
Sales Representative1,480 BAM

Teaching / Education
Elementary School Teacher1,560 BAM
Secondary School Teacher1,920 BAM

Average Hourly Wage in Bosnia and Herzegovina


13 BAM per hour

The average hourly wage (pay per hour) in Bosnia and Herzegovina is 13 BAM. This means that the average person in Bosnia and Herzegovina earns approximately 13 BAM 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.

Salary Comparison By City

CityAverage Salary
Banja Luka2,490 BAM
Medjugorje2,110 BAM
Mostar2,170 BAM
Sarajevo2,570 BAM
Tuzla2,400 BAM
Zenica2,300 BAM

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 Bosnia and Herzegovina earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
2,050 BAM
Public Sector+25%
2,550 BAM
Percentage increase and decrease are relative to the previous value

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