A person working in Executive and Management in Bulgaria typically earns around 6,530 BGN per month. Salaries range from 3,250 BGN (lowest average) to 10,700 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 Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Account Coordinator||4,460 BGN|
|Administration Manager||5,200 BGN|
|Area Manager||5,280 BGN|
|Asset Protection Associate||5,630 BGN|
|Assistant Director||5,620 BGN|
|Assistant Manager||5,770 BGN|
|Assistant Operations Manager||6,620 BGN|
|Assistant Project Manager||5,860 BGN|
|Assistant Section Head||4,700 BGN|
|Assistant to CEO||5,140 BGN|
|Assistant Vice President||6,000 BGN|
|Associate Director||5,800 BGN|
|Bid Manager||6,170 BGN|
|Branch Manager||6,290 BGN|
|Business Development Manager||6,890 BGN|
|Business Operations Associate||5,460 BGN|
|Business Operations Lead||5,830 BGN|
|Campaign Manager||6,320 BGN|
|Chairman of The Board||10,500 BGN|
|Chairman Office Manager||7,140 BGN|
|Chief Corporate Officer||8,980 BGN|
|Chief Executive Officer||11,300 BGN|
|Chief Financial Officer||9,910 BGN|
|Chief of Staff||4,940 BGN|
|Chief Operating Officer||7,490 BGN|
|Chief Risk Officer||6,940 BGN|
|Client Services Manager||6,980 BGN|
|Commercial Project Manager||6,010 BGN|
|Commodity Broker||4,300 BGN|
|Corporate Affairs Executive||6,230 BGN|
|Corporate Compliance Director||7,130 BGN|
|Corporate Director||7,740 BGN|
|Corporate Officer||5,290 BGN|
|Corporate Partnerships Officer||5,240 BGN|
|Country Manager||8,420 BGN|
|Deputy Director||7,480 BGN|
|Director of Accreditation||7,250 BGN|
|Director of Catering Services||6,730 BGN|
|Director of Client Services||6,760 BGN|
|Director of Facilities Management||5,770 BGN|
|Director of Operations||6,890 BGN|
|Director of Process Simplification||5,840 BGN|
|Director of Project Management||7,510 BGN|
|Director of Revenue Management||6,830 BGN|
|Director of Training and Development||7,230 BGN|
|Distribution Manager||7,230 BGN|
|Division Manager||6,080 BGN|
|Duty Manager||6,350 BGN|
|Engagement Manager||7,610 BGN|
|Executive Director||10,800 BGN|
|Executive Manager||9,150 BGN|
|Franchise Manager||9,210 BGN|
|General Manager||8,790 BGN|
|Global Master Data Manager||7,860 BGN|
|Head of Middle Office||7,010 BGN|
|Head of Projects||7,210 BGN|
|Head of Sustainability||6,260 BGN|
|Housing Manager||5,540 BGN|
|HSE Manager||5,670 BGN|
|Key Account Manager||6,180 BGN|
|Knowledge Manager||6,680 BGN|
|Location Manager||6,560 BGN|
|Logistics Manager||5,750 BGN|
|Management Consultant||5,580 BGN|
|Management Executive||8,020 BGN|
|Managing Director||8,750 BGN|
|MIS Executive||7,010 BGN|
|Ocean Services Manager||7,540 BGN|
|Operations Assistant||5,040 BGN|
|Operations Director||8,180 BGN|
|Operations Executive||7,790 BGN|
|Operations Manager||8,310 BGN|
|Operations Supervisor||6,370 BGN|
|Policy Administration Executive||6,170 BGN|
|Private Sector Executive||6,690 BGN|
|Product Development Manager||7,190 BGN|
|Product Executive||6,280 BGN|
|Production Executive||7,100 BGN|
|Production Manager||7,140 BGN|
|Production Supervisor||5,890 BGN|
|Program Manager||7,880 BGN|
|Programme Coordinator||5,270 BGN|
|Project Control Manager||7,790 BGN|
|Project Coordinator||4,510 BGN|
|Project Management Officer||5,150 BGN|
|Project Manager||5,460 BGN|
|Project Portfolio Manager||6,000 BGN|
|Quality Manager||6,080 BGN|
|R/D Director||6,370 BGN|
|Regional Director||9,670 BGN|
|Regional Manager||7,580 BGN|
|Relationship Manager||7,210 BGN|
|Retail District Manager||5,050 BGN|
|Revenue Manager||5,550 BGN|
|Risk and Capital Manager||8,480 BGN|
|Risk Officer||5,310 BGN|
|Safety Manager||5,240 BGN|
|Section Head||5,430 BGN|
|Service Manager||5,650 BGN|
|Shift Supervisor||4,530 BGN|
|Solutions Manager||4,940 BGN|
|Supply Chain Manager||7,750 BGN|
|Technical Manager||6,930 BGN|
|Territory Manager||6,980 BGN|
|Validation Manager||6,070 BGN|
|Vice President||8,490 BGN|
|Zone Manager||7,570 BGN|
Executive and Management salaries in Bulgaria range from 3,250 BGN per month (minimum average salary) to 10,700 BGN per month (maximum average salary, actual maximum is higher).
The median salary is 7,050 BGN per month, which means that half (50%) of people working in Executive and Management are earning less than 7,050 BGN while the other half are earning more than 7,050 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Executive and Management are earning less than 4,640 BGN while 75% of them are earning more than 4,640 BGN. Also from the diagram, 75% of people working in Executive and Management are earning less than 9,560 BGN while 25% are earning more than 9,560 BGN.
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 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees earn 12% more than their female counterparts.
Executive and Management professionals in Bulgaria are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
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.
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
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.
Executive and Management is considered to be a high bonus-based field 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.
21% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Executive and Management salaries in Bulgaria are rising 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.
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.
The average salary for Executive and Management is 36% more than that of All Jobs.
|Stara Zagora||6,400 BGN|