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Average Salary in Stara Zagora 2020

How much money does a person working in Stara Zagora make?


Average Monthly Salary
4,720 BGN
( 56,600 BGN yearly)

LOW
640
BGN
AVERAGE
4,720
BGN
HIGH
20,900
BGN

A person working in Stara Zagora typically earns around 4,720 BGN per month. Salaries range from 640 BGN (lowest average) to 20,900 BGN (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 Stara Zagora

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

  • Salary Range

    Salaries in Stara Zagora range from 640 BGN per month (minimum salary) to 20,900 BGN per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 4,340 BGN per month, which means that half (50%) of the population are earning less than 4,340 BGN while the other half are earning more than 4,340 BGN. 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 2,240 BGN while 75% of them are earning more than 2,240 BGN. Also from the diagram, 75% of the population are earning less than 11,600 BGN while 25% are earning more than 11,600 BGN.


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 Bulgaria costs anywhere from 24,100 Bulgarian Lev(s) to 72,200 Bulgarian Lev(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 Bulgaria
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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 Bulgaria earn 8% more than their female counterparts.

Female
4,600 BGN
Male+8%
4,960 BGN
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Bulgaria

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

Bulgaria

Employees in Bulgaria are likely to observe a salary increase of approximately 7% every 20 months.

Annual Salary Increment Rate Bulgaria
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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 Bulgaria is 4%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria
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49% of surveyed staff in Bulgaria reported that they haven't received any bonuses or incentives in the previous year while 51% 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
51%
No Bonus
49%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Bulgaria
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Where can you get paid more, working for a private company or for the government? Public sector employees in Bulgaria earn 9% more than their private sector counterparts.

Private Sector
4,560 BGN
Public Sector+9%
4,980 BGN
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Bulgaria

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

Salary trends and forecast monthly Bulgaria
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Average Salary 2016
4,270 BGN
Average Salary 2017+4%
4,430 BGN
Average Salary 2018+3%
4,550 BGN
Average Salary 2019+2%
4,640 BGN
Percentage increase and decrease are relative to the previous value

Salaries in Bulgaria are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% 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
Accountant2,850 BGN
Accounting Assistant2,740 BGN
Accounting Manager6,090 BGN
Bookkeeper2,360 BGN
Chartered Accountant3,830 BGN
Corporate Treasurer7,690 BGN
Financial Analyst4,710 BGN
Financial Manager9,180 BGN
Internal Auditor4,620 BGN

Administration / Reception / Secretarial
Administrative Assistant2,380 BGN
Office Manager3,040 BGN
Receptionist3,220 BGN
Secretary2,360 BGN

Advertising / Grapic Design / Events
Art Director4,170 BGN
Creative Director4,270 BGN
Graphic Designer3,170 BGN
Photographer3,100 BGN

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer4,940 BGN
Air Traffic Controller4,590 BGN
Flight Attendant3,820 BGN
Pilot5,210 BGN

Architecture
Architect3,900 BGN
CAD Drafter3,220 BGN

Automotive
Mechanic2,400 BGN
Service Advisor3,590 BGN

Banking
Bank Branch Manager6,140 BGN
Teller2,980 BGN

Bilingual
Teacher3,390 BGN
Translator3,830 BGN

Business Planning
Business Analyst5,200 BGN
Business Development Manager6,330 BGN
Project Manager4,970 BGN

Care Giving and Child Care
Nanny2,680 BGN
Nursery Teacher3,300 BGN

Construction / Building / Installation
Civil Engineer4,140 BGN
Construction Project Manager5,060 BGN
Health and Safety Officer2,740 BGN

Customer Service and Call Center
Call Center Representative3,120 BGN
Customer Service Manager5,860 BGN
Customer Service Representative3,120 BGN

Engineering
Electrical Engineer4,460 BGN
Engineer4,100 BGN
Mechanical Engineer4,310 BGN

Executive and Management
Chief Executive Officer10,300 BGN
Chief Financial Officer9,480 BGN
General Manager7,810 BGN

Food / Hospitality / Tourism / Catering
Chef3,490 BGN
Executive Chef3,740 BGN
Hotel Manager6,800 BGN
Travel Agent3,660 BGN
Waiter / Waitress2,700 BGN

Health and Medical
Dentist10,500 BGN
Dietitian10,100 BGN
Laboratory Technician3,320 BGN
Nurse3,560 BGN

Human Resources
Human Resources Manager6,380 BGN
Human Resources Officer3,740 BGN

Information Technology
Computer Technician3,220 BGN
Database Administrator4,480 BGN
Developer / Programmer3,810 BGN
Information Technology Manager6,580 BGN
Network Engineer3,670 BGN

Law Enforcement / Security / Fire
Police Officer3,640 BGN

Legal
Attorney6,520 BGN
Legal Assistant3,230 BGN

Media / Broadcasting / Arts / Entertainment
Journalist4,110 BGN

Pharmaceutical and Biotechnology
Biomedical Engineer3,710 BGN
Pharmacist4,800 BGN

Sales Retail and Wholesale
Cashier2,520 BGN
Sales Manager6,940 BGN
Sales Representative2,880 BGN

Teaching / Education
Elementary School Teacher3,120 BGN
Secondary School Teacher3,470 BGN

Average Hourly Wage in Stara Zagora


27 BGN per hour

The average hourly wage (pay per hour) in Stara Zagora is 27 BGN. This means that the average person in Stara Zagora earns approximately 27 BGN 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.

Stara Zagora VS Bulgaria

Salary Comparison Between Stara Zagora and Bulgaria monthly
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We compared salaries in Stara Zagora and Bulgaria and we found that Stara Zagora salaries are 2% less than those of Bulgaria.

Salary Comparison By City

CityAverage Salary
Burgas5,020 BGN
Plovdiv5,420 BGN
Rousse4,920 BGN
Sofia5,610 BGN
Stara Zagora4,720 BGN
Varna5,220 BGN
1525 - 4

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