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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
3,580 BAM
( 43,000 BAM yearly)

LOW
480
BAM
AVERAGE
3,580
BAM
HIGH
15,900
BAM

A person working in Bosnia and Herzegovina typically earns around 3,580 BAM per month. Salaries range from 480 BAM (lowest average) to 15,900 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 480 BAM per month (minimum salary) to 15,900 BAM per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 3,870 BAM per month, which means that half (50%) of the population are earning less than 3,870 BAM while the other half are earning more than 3,870 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 1,960 BAM while 75% of them are earning more than 1,960 BAM. Also from the diagram, 75% of the population are earning less than 10,700 BAM while 25% are earning more than 10,700 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 17,900 Convertible Marks(s) to 53,700 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 15% more than their female counterparts.

Female
3,330 BAM
Male+15%
3,830 BAM
Percentage increase and decrease are relative to the previous value

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Bosnia and Herzegovina
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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.

Private Sector
3,190 BAM
Public Sector+25%
3,980 BAM
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Bosnia and Herzegovina

How are Bosnia and Herzegovina salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Bosnia and Herzegovina
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Average Salary 2016
3,100 BAM
Average Salary 2017+4%
3,210 BAM
Average Salary 2018+4%
3,330 BAM
Average Salary 2019+4%
3,450 BAM
Percentage increase and decrease are relative to the previous value

Salaries in Bosnia and Herzegovina are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant2,430 BAM
Accounting Assistant2,400 BAM
Accounting Manager4,630 BAM
Bookkeeper1,960 BAM
Chartered Accountant3,100 BAM
Corporate Treasurer6,520 BAM
Financial Analyst3,750 BAM
Financial Manager7,500 BAM
Internal Auditor3,630 BAM

Administration / Reception / Secretarial
Administrative Assistant1,900 BAM
Office Manager2,360 BAM
Receptionist2,670 BAM
Secretary1,860 BAM

Advertising / Grapic Design / Events
Art Director3,460 BAM
Creative Director3,550 BAM
Graphic Designer2,500 BAM
Photographer2,340 BAM

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer4,020 BAM
Air Traffic Controller3,470 BAM
Flight Attendant3,030 BAM
Pilot4,330 BAM

Architecture
Architect3,160 BAM
CAD Drafter2,650 BAM

Automotive
Mechanic1,880 BAM
Service Advisor2,970 BAM

Banking
Bank Branch Manager5,070 BAM
Teller2,320 BAM

Bilingual
Teacher2,670 BAM
Translator3,100 BAM

Business Planning
Business Analyst4,230 BAM
Business Development Manager5,260 BAM
Project Manager3,860 BAM

Care Giving and Child Care
Nanny2,300 BAM
Nursery Teacher2,450 BAM

Construction / Building / Installation
Civil Engineer3,120 BAM
Construction Project Manager4,040 BAM
Health and Safety Officer2,370 BAM

Customer Service and Call Center
Call Center Representative2,420 BAM
Customer Service Manager4,810 BAM
Customer Service Representative2,640 BAM

Engineering
Electrical Engineer3,670 BAM
Engineer3,240 BAM
Mechanical Engineer3,520 BAM

Executive and Management
Chief Executive Officer8,060 BAM
Chief Financial Officer7,160 BAM
General Manager6,420 BAM

Food / Hospitality / Tourism / Catering
Chef2,870 BAM
Executive Chef3,260 BAM
Hotel Manager5,240 BAM
Travel Agent2,880 BAM
Waiter / Waitress2,180 BAM

Health and Medical
Dentist8,550 BAM
Dietitian8,410 BAM
Laboratory Technician2,710 BAM
Nurse2,850 BAM

Human Resources
Human Resources Manager5,090 BAM
Human Resources Officer3,030 BAM

Information Technology
Computer Technician2,680 BAM
Database Administrator3,570 BAM
Developer / Programmer3,130 BAM
Information Technology Manager5,270 BAM
Network Engineer3,160 BAM

Law Enforcement / Security / Fire
Police Officer2,720 BAM

Legal
Attorney5,190 BAM
Legal Assistant2,640 BAM

Media / Broadcasting / Arts / Entertainment
Journalist3,600 BAM

Pharmaceutical and Biotechnology
Biomedical Engineer2,960 BAM
Pharmacist3,900 BAM

Sales Retail and Wholesale
Cashier2,060 BAM
Sales Manager5,910 BAM
Sales Representative2,290 BAM

Teaching / Education
Elementary School Teacher2,420 BAM
Secondary School Teacher2,960 BAM

Average Hourly Wage in Bosnia and Herzegovina


21 BAM per hour

The average hourly wage (pay per hour) in Bosnia and Herzegovina is 21 BAM. This means that the average person in Bosnia and Herzegovina earns approximately 21 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 Luka3,870 BAM
Medjugorje3,280 BAM
Mostar3,390 BAM
Sarajevo4,000 BAM
Tuzla3,740 BAM
Zenica3,580 BAM
1767 - 49

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