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Internal Bank Audit Manager Average Salary in Bulgaria 2023

How much money does an Internal Bank Audit Manager make in Bulgaria?

Average Monthly Salary
6,970 BGN
( 83,600 BGN yearly)


A person working as an Internal Bank Audit Manager in Bulgaria typically earns around 6,970 BGN per month. Salaries range from 3,620 BGN (lowest) to 10,700 BGN (highest).

This is the average monthly salary including housing, transport, and other benefits. Internal Bank Audit Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Internal Bank Audit Manager Salary Distribution in Bulgaria

Median and salary distribution monthly Bulgaria Internal Bank Audit Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Internal Bank Audit Manager salaries in Bulgaria range from 3,620 BGN per month (minimum salary) to 10,700 BGN per month (maximum salary).

  • Median Salary

    The median salary is 6,690 BGN per month, which means that half (50%) of people working as Internal Bank Audit Manager(s) are earning less than 6,690 BGN while the other half are earning more than 6,690 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 Internal Bank Audit Manager(s) are earning less than 4,640 BGN while 75% of them are earning more than 4,640 BGN. Also from the diagram, 75% of Internal Bank Audit Manager(s) are earning less than 8,330 BGN while 25% are earning more than 8,330 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

Internal Bank Audit Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Bulgaria Internal Bank Audit Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Internal Bank Audit Manager salaries by experience level and this is what we found.

An Internal Bank Audit Manager with less than two years of experience makes approximately 4,120 BGN per month.

While someone with an experience level between two and five years is expected to earn 5,520 BGN per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 7,180 BGN per month, 30% more than someone with two to five years of experience.

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.

Additionally, Internal Bank Audit Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,690 BGN per month, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 9,500 BGN per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 9,990 BGN per month, 5% more than people with fifteen to twenty years of experience.

Internal Bank Audit Manager average salary change by experience in Bulgaria

0 - 2 Years
4,120 BGN
2 - 5 Years+34%
5,520 BGN
5 - 10 Years+30%
7,180 BGN
10 - 15 Years+21%
8,690 BGN
15 - 20 Years+9%
9,500 BGN
20+ Years+5%
9,990 BGN
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Internal Bank Audit Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Internal Bank Audit Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Bulgaria Internal Bank Audit Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Internal Bank Audit Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Internal Bank Audit Manager is 5,810 BGN per month.

While someone with a Master's Degree gets a salary of 8,060 BGN per month, 39% more than someone having a Bachelor's Degree degree.

Internal Bank Audit Manager average salary difference by education level in Bulgaria

Bachelor's Degree
5,810 BGN
Master's Degree+39%
8,060 BGN
Percentage increase and decrease are relative to the previous value

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 16,500 Bulgarian Lev(s) to 49,500 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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Internal Bank Audit Manager Salary Comparison By Gender

Salary comparison by gender monthly Bulgaria Internal Bank Audit Manager
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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 Internal Bank Audit Manager employees in Bulgaria earn 6% more than their female counterparts on average.

7,210 BGN
6,780 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
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Internal Bank Audit Manager Average Annual Salary Increment Percentage in Bulgaria

How much are annual salary increments in Bulgaria for Internal Bank Audit Manager(s)? How often do employees get salary raises?

Internal Bank Audit Manager

Internal Bank Audit Manager(s) in Bulgaria are likely to observe a salary increase of approximately 12% every 21 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Internal Bank Audit Manager
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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.

Bulgaria / All Professions

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 2022

Information Technology

Listed above are the average annual increase rates for each industry in Bulgaria for the year 2022. 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.

Worldwide Salary Raises: All Countries and All Jobs

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Internal Bank Audit Manager Bonus and Incentive Rates in Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Internal Bank Audit Manager
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An Internal Bank Audit Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
No Bonus

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.

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.

A graphics designer working for a graphics designing company.

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.

Internal Bank Audit Manager Average Hourly Wage in Bulgaria

40 BGN per hour

The average hourly wage (pay per hour) in Bulgaria is 40 BGN. This means that the average Internal Bank Audit Manager in Bulgaria earns approximately 40 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.

Internal Bank Audit Manager VS Other Jobs

Salary Comparison Between Internal Bank Audit Manager and Banking monthly Bulgaria
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The average salary for Internal Bank Audit Manager is 94% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst4,910 BGN-30%
Assistant Bank Branch Manager4,330 BGN-38%
Assistant Bank Manager5,720 BGN-18%
ATM Manager4,990 BGN-28%
ATM Service Technician1,290 BGN-81%
Bank Accounts Analyst1,900 BGN-73%
Bank Accounts Controller2,470 BGN-65%
Bank Accounts Executive3,780 BGN-46%
Bank Accounts Manager4,100 BGN-41%
Bank Auditing Manager4,280 BGN-39%
Bank Branch Manager5,710 BGN-18%
Bank Clerk1,130 BGN-84%
Bank Compliance Specialist3,200 BGN-54%
Bank Manager7,190 BGN+3%
Bank Operational Risk Manager6,690 BGN-4%
Bank Operations Head6,870 BGN-1%
Bank Operations Officer2,870 BGN-59%
Bank Operations Specialist4,200 BGN-40%
Bank Process Manager3,810 BGN-45%
Bank Product Manager 4,520 BGN-35%
Bank Programme Manager4,720 BGN-32%
Bank Project Manager5,510 BGN-21%
Bank Propositions Manager5,070 BGN-27%
Bank Quantitative Analyst3,390 BGN-51%
Bank Regional Manager7,610 BGN+9%
Bank Regional Risk Officer3,880 BGN-44%
Bank Relationship Manager5,220 BGN-25%
Bank Relationship Officer2,430 BGN-65%
Banker2,490 BGN-64%
Banking Business Analyst3,720 BGN-47%
Banking Business Development Officer2,260 BGN-68%
Banking Business Planning Executive5,150 BGN-26%
Banking Product Manager4,380 BGN-37%
Banking Reference Data Manager4,080 BGN-41%
Banking Risk Analyst3,740 BGN-46%
Banking Technical Analyst2,020 BGN-71%
Bankruptcy Coordinator2,580 BGN-63%
Budget Analyst3,690 BGN-47%
Cards Marketing Manager4,480 BGN-36%
Cash Management Manager6,530 BGN-6%
Check Processing Manager4,980 BGN-29%
Commercial Vault Associate3,740 BGN-46%
Corporate Dealer3,720 BGN-47%
Credit Analyst2,990 BGN-57%
Credit and Collections Manager4,860 BGN-30%
Credit Card Fraud Investigator3,840 BGN-45%
Credit Portfolio Manager6,590 BGN-5%
Credit Risk Analyst4,240 BGN-39%
Credit Risk Associate3,910 BGN-44%
Direct Bank Sales Representative2,720 BGN-61%
Financial Bank Planning Consultant4,930 BGN-29%
Financial Banking Analysis Manager5,470 BGN-22%
Financial Banking Assistant1,830 BGN-74%
Financial Banking Systems Manager4,900 BGN-30%
Foreign Exchange Manager5,410 BGN-22%
Fraud Analyst3,880 BGN-44%
Fraud Detection Associate2,770 BGN-60%
Fraud Detection Manager5,850 BGN-16%
Fraud Detection Supervisor3,130 BGN-55%
Internal Bank Audit Manager6,970 BGN+0%
Internal Bank Auditor3,470 BGN-50%
International Banking Manager7,580 BGN+9%
Loan Analyst3,490 BGN-50%
Loan Area Manager4,590 BGN-34%
Loan Audit Team Leader4,300 BGN-38%
Loan Branch Manager3,980 BGN-43%
Loan Business Development Officer2,220 BGN-68%
Loan Clerk1,340 BGN-81%
Loan Collection Manager4,240 BGN-39%
Loan Collector1,230 BGN-82%
Loan Examiner1,540 BGN-78%
Loan Processing Manager3,930 BGN-44%
Loan Processor1,700 BGN-76%
Loan Quality Assurance Auditor3,560 BGN-49%
Loan Quality Assurance Manager4,100 BGN-41%
Loan Quality Assurance Representative2,820 BGN-60%
Loan Review Manager3,980 BGN-43%
Loan Team Leader3,680 BGN-47%
Mortgage Advisor2,620 BGN-62%
Mortgage Collection Manager4,120 BGN-41%
Mortgage Collector1,190 BGN-83%
Mortgage Credit Analyst2,000 BGN-71%
Mortgage Credit Manager3,930 BGN-44%
Mortgage Development Manager4,660 BGN-33%
Mortgage Document Reviewer1,640 BGN-76%
Mortgage Funding Manager4,550 BGN-35%
Mortgage Operations Manager6,490 BGN-7%
Mortgage Payment Processing Clerk1,340 BGN-81%
Mortgage Processing Manager4,160 BGN-40%
Mortgage Processor1,690 BGN-76%
Mortgage Quality Assurance Auditor3,580 BGN-49%
Mortgage Quality Assurance Manager4,240 BGN-39%
Mortgage Servicing Clerk1,220 BGN-82%
Mortgage Servicing Manager4,010 BGN-42%
Mortgage Underwriter1,480 BGN-79%
Online Banking Manager6,650 BGN-5%
Payment Processing Clerk1,270 BGN-82%
Personal Banker2,670 BGN-62%
Personal Banking Advisor 2,830 BGN-59%
Phone Banker1,840 BGN-74%
Private Banker2,670 BGN-62%
Reconciliation and Investigation Specialist2,860 BGN-59%
Teller1,260 BGN-82%
Trade Officer1,430 BGN-79%
Trade Product Manager4,250 BGN-39%
Trader1,840 BGN-74%
Treasury Operations Officer3,190 BGN-54%

Salary Comparison By City

CityAverage Salary
Burgas6,400 BGN
Plovdiv7,370 BGN
Rousse6,380 BGN
Sofia7,520 BGN
Stara Zagora6,230 BGN
Varna6,540 BGN

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 Bulgaria earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
3,130 BGN
Public Sector+9%
3,420 BGN
Percentage increase and decrease are relative to the previous value

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