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Executive and Management Average Salaries in Bulgaria 2020

How much money does a person working in Executive and Management make in Bulgaria?

Average Monthly Salary
6,530 BGN
( 78,300 BGN yearly)


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.

Salaries for specific jobs

Job TitleAverage Salary
Account Coordinator4,460 BGN
Administration Manager5,200 BGN
Area Manager5,280 BGN
Asset Protection Associate5,630 BGN
Assistant Director5,620 BGN
Assistant Manager5,770 BGN
Assistant Operations Manager6,620 BGN
Assistant Project Manager5,860 BGN
Assistant Section Head4,700 BGN
Assistant to CEO5,140 BGN
Assistant Vice President6,000 BGN
Associate Director5,800 BGN
Bid Manager6,170 BGN
Branch Manager6,290 BGN
Business Development Manager6,890 BGN
Business Operations Associate5,460 BGN
Business Operations Lead5,830 BGN
Campaign Manager6,320 BGN
Chairman of The Board10,500 BGN
Chairman Office Manager7,140 BGN
Chief Corporate Officer8,980 BGN
Chief Executive Officer11,300 BGN
Chief Financial Officer9,910 BGN
Chief of Staff4,940 BGN
Chief Operating Officer7,490 BGN
Chief Risk Officer6,940 BGN
Client Services Manager6,980 BGN
Commercial Project Manager6,010 BGN
Commodity Broker4,300 BGN
Corporate Affairs Executive6,230 BGN
Corporate Compliance Director7,130 BGN
Corporate Director7,740 BGN
Corporate Officer5,290 BGN
Corporate Partnerships Officer5,240 BGN
Country Manager8,420 BGN
Deputy Director7,480 BGN
Director8,640 BGN
Director of Accreditation7,250 BGN
Director of Catering Services6,730 BGN
Director of Client Services6,760 BGN
Director of Facilities Management5,770 BGN
Director of Operations6,890 BGN
Director of Process Simplification5,840 BGN
Director of Project Management7,510 BGN
Director of Revenue Management6,830 BGN
Director of Training and Development7,230 BGN
Distribution Manager7,230 BGN
Division Manager6,080 BGN
Duty Manager6,350 BGN
Engagement Manager7,610 BGN
Executive Director10,800 BGN
Executive Manager9,150 BGN
Franchise Manager9,210 BGN
General Manager8,790 BGN
Global Master Data Manager7,860 BGN
Head of Middle Office7,010 BGN
Head of Projects7,210 BGN
Head of Sustainability6,260 BGN
Housing Manager5,540 BGN
HSE Manager5,670 BGN
Key Account Manager6,180 BGN
Knowledge Manager6,680 BGN
Location Manager6,560 BGN
Logistics Manager5,750 BGN
Management Consultant5,580 BGN
Management Executive8,020 BGN
Manager7,200 BGN
Managing Director8,750 BGN
MIS Executive7,010 BGN
Ocean Services Manager7,540 BGN
Operations Assistant5,040 BGN
Operations Director8,180 BGN
Operations Executive7,790 BGN
Operations Manager8,310 BGN
Operations Supervisor6,370 BGN
Policy Administration Executive6,170 BGN
Private Sector Executive6,690 BGN
Product Development Manager7,190 BGN
Product Executive6,280 BGN
Production Executive7,100 BGN
Production Manager7,140 BGN
Production Supervisor5,890 BGN
Program Manager7,880 BGN
Programme Coordinator5,270 BGN
Project Control Manager7,790 BGN
Project Coordinator4,510 BGN
Project Management Officer5,150 BGN
Project Manager5,460 BGN
Project Portfolio Manager6,000 BGN
Quality Manager6,080 BGN
R/D Director6,370 BGN
Regional Director9,670 BGN
Regional Manager7,580 BGN
Relationship Manager7,210 BGN
Retail District Manager5,050 BGN
Revenue Manager5,550 BGN
Risk and Capital Manager8,480 BGN
Risk Officer5,310 BGN
Safety Manager5,240 BGN
Section Head5,430 BGN
Service Manager5,650 BGN
Shift Supervisor4,530 BGN
Solutions Manager4,940 BGN
Supervisor4,630 BGN
Supply Chain Manager7,750 BGN
Surveyor4,990 BGN
Technical Manager6,930 BGN
Territory Manager6,980 BGN
Validation Manager6,070 BGN
Vice President8,490 BGN
Zone Manager7,570 BGN

Executive and Management Jobs Salary Distribution in Bulgaria

Median and salary distribution monthly Bulgaria Executive and Management
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The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    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.

  • Percentiles

    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.

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.

Executive and Management Salary Comparison By Gender

Salary comparison by gender monthly Bulgaria Executive and Management
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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 earn 12% more than their female counterparts.

6,170 BGN
6,890 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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Executive and Management Average Annual Salary Increment Percentage in Bulgaria

How much are annual salary increments in Bulgaria for Executive and Management professionals? How often do employees get salary raises?

Executive and Management

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.

Annual Salary Increment Rate Bulgaria Executive and Management
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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

Annual Salary Increment Rate Bulgaria
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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

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

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Executive and Management Bonus and Incentive Rates in Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Executive and Management
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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.

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.

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

Executive and Management Salary Forecast and Trend in Bulgaria

How do Executive and Management salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Bulgaria Executive and Management
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Average Salary 2016
5,640 BGN
Average Salary 2017+4%
5,850 BGN
Average Salary 2018+4%
6,070 BGN
Average Salary 2019+4%
6,290 BGN
Percentage increase and decrease are relative to the previous value

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.

Executive and Management Hourly Average Wage in Bulgaria

38 BGN per hour

The average hourly wage (pay per hour) in Bulgaria is 38 BGN. This means that the average person in Bulgaria earns approximately 38 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.

Executive and Management VS Other Jobs

Salary Comparison Between Executive and Management and Executive and Management monthly Bulgaria
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The average salary for Executive and Management is 36% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Burgas6,810 BGN
Plovdiv7,350 BGN
Rousse6,670 BGN
Sofia7,620 BGN
Stara Zagora6,400 BGN
Varna7,080 BGN
4956 - 19

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