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.
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
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.
|Job Title||Average Salary|
|Accounting and Finance|
|Accounting Assistant||2,400 BAM|
|Accounting Manager||4,630 BAM|
|Chartered Accountant||3,100 BAM|
|Corporate Treasurer||6,520 BAM|
|Financial Analyst||3,750 BAM|
|Financial Manager||7,500 BAM|
|Internal Auditor||3,630 BAM|
Administration / Reception / Secretarial
|Administrative Assistant||1,900 BAM|
|Office Manager||2,360 BAM|
Advertising / Grapic Design / Events
|Art Director||3,460 BAM|
|Creative Director||3,550 BAM|
|Graphic Designer||2,500 BAM|
Airlines / Aviation / Aerospace / Defense
|Aerospace Engineer||4,020 BAM|
|Air Traffic Controller||3,470 BAM|
|Flight Attendant||3,030 BAM|
|CAD Drafter||2,650 BAM|
|Service Advisor||2,970 BAM|
|Bank Branch Manager||5,070 BAM|
|Business Analyst||4,230 BAM|
|Business Development Manager||5,260 BAM|
|Project Manager||3,860 BAM|
Care Giving and Child Care
|Nursery Teacher||2,450 BAM|
Construction / Building / Installation
|Civil Engineer||3,120 BAM|
|Construction Project Manager||4,040 BAM|
|Health and Safety Officer||2,370 BAM|
Customer Service and Call Center
|Call Center Representative||2,420 BAM|
|Customer Service Manager||4,810 BAM|
|Customer Service Representative||2,640 BAM|
|Electrical Engineer||3,670 BAM|
|Mechanical Engineer||3,520 BAM|
Executive and Management
|Chief Executive Officer||8,060 BAM|
|Chief Financial Officer||7,160 BAM|
|General Manager||6,420 BAM|
Food / Hospitality / Tourism / Catering
|Executive Chef||3,260 BAM|
|Hotel Manager||5,240 BAM|
|Travel Agent||2,880 BAM|
|Waiter / Waitress||2,180 BAM|
Health and Medical
|Laboratory Technician||2,710 BAM|
|Human Resources Manager||5,090 BAM|
|Human Resources Officer||3,030 BAM|
|Computer Technician||2,680 BAM|
|Database Administrator||3,570 BAM|
|Developer / Programmer||3,130 BAM|
|Information Technology Manager||5,270 BAM|
|Network Engineer||3,160 BAM|
Law Enforcement / Security / Fire
|Police Officer||2,720 BAM|
|Legal Assistant||2,640 BAM|
Media / Broadcasting / Arts / Entertainment
Pharmaceutical and Biotechnology
|Biomedical Engineer||2,960 BAM|
Sales Retail and Wholesale
|Sales Manager||5,910 BAM|
|Sales Representative||2,290 BAM|
Teaching / Education
|Elementary School Teacher||2,420 BAM|
|Secondary School Teacher||2,960 BAM|
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.