Retail Store Manager Average Salary in Bulgaria 2023
How much money does a person working as Retail Store Manager make in Bulgaria?
LOW
1,980
BGN AVERAGE
4,030
BGN HIGH
6,290
BGN
A person working as Retail Store Manager in Bulgaria typically earns around 4,030 BGN. Salaries range from 1,980 BGN (lowest) to 6,290 BGN (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Retail Store Manager salaries in Bulgaria vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Retail Store Manager Pay Scale and Salaries in Bulgaria
Salary Structure and Pay Scale Comparison
3,740 BGN or more
3,300 to 3,740 BGN
2,340 BGN or less
2,340 to 3,300 BGN
 1,980 BGN |
3,760 BGN |
6,290 BGN |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Retail Store Manager in Bulgaria range from 1,980 BGN (starting salary) to 6,290 BGN (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 3,760 BGN, half of the professionals who work as Retail Store Manager in Bulgaria earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Retail Store Manager in Bulgaria earn less than 3,080 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,300 BGN while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Retail Store Manager in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,340 BGN to 3,300 BGN. About 20% of salaries are below the 2,340 BGN mark, while 10% fall within the range of 3,300 BGN to 3,740 BGN. Only 5% of individuals have salaries exceeding 3,740 BGN.
Salary Comparison by Years of Experience / Retail Store Manager / Bulgaria
How do experience and age affect pay?
| 0 - 2 Years | 2,340 BGN | |
| 2 - 5 Years | +29% | 3,010 BGN |
| 5 - 10 Years | +38% | 4,160 BGN |
| 10 - 15 Years | +24% | 5,150 BGN |
| 15 - 20 Years | +7% | 5,510 BGN |
| 20+ Years | +7% | 5,880 BGN |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Retail Store Manager and this is what we found.
Employees with less than two years of experience earn approximately 2,340 BGN.
While someone with an experience level between two and five years is expected to earn 3,010 BGN, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,160 BGN, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,150 BGN, 24% 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 5,510 BGN, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,880 BGN, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Retail Store Manager / Bulgaria
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Retail Store Manager.
| High School | 3,010 BGN | |
| Certificate or Diploma | +43% | 4,310 BGN |
| Bachelor's Degree | +38% | 5,950 BGN |
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 salaries by education level for the position Retail Store Manager in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 3,010 BGN.
Level 2: Certificate or Diploma
At this level, the average salary becomes 4,310 BGN, 43% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 5,950 BGN, 38% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Retail Store Manager / Bulgaria
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Retail Store Manager in Bulgaria, the average difference between the salary of male and female employees is 6%.
| Male | 4,140 BGN | |
| Female | -6% | 3,900 BGN |
Salary Comparison By Gender in Bulgaria for all Careers
Average Annual Salary Increment Percentage / Retail Store Manager / Bulgaria
How much are annual salary increments in Bulgaria for individuals working as Retail Store Manager? How often do employees get salary raises?
Individuals working as Retail Store Manager in Bulgaria are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Bulgaria / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Annual Increment Rate By Industry 2022
| 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 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
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Retail Store Manager / Bulgaria
How much and how often are bonuses being awarded?
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21% of surveyed staff 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 | 79% | |
| No Bonus | 21% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Salary Trend and Forecast / Retail Store Manager / Bulgaria
How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 3,580 BGN | |
| Average Salary 2020 | +4% | 3,710 BGN |
| Average Salary 2021 | +3% | 3,820 BGN |
| Average Salary 2022 | +2% | 3,890 BGN |
Salaries for individuals working as Retail Store Manager in Bulgaria are on the rise in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.
Average Hourly Wage / Retail Store Manager / Bulgaria
23 BGN per hourThe average hourly wage (pay per hour) for individuals working as Retail Store Manager in Bulgaria is 23 BGN.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Retail Store Manager in Bulgaria is 11 BGN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Retail Store Manager VS Other Jobs
Salary comparison with similar jobs
| Job Title | Average Salary |
| Account Officer | 2,010 BGN |  -50% |
| Area Sales Manager | 5,680 BGN |  +41% |
| Assistant Department Manager | 2,680 BGN | -34% |
| Assistant Retail Store Manager | 2,920 BGN | -28% |
| Branch Manager | 4,140 BGN | +3% |
| Cashier | 1,280 BGN | -68% |
| Cashier Manager | 2,750 BGN | -32% |
| Depot Manager | 3,710 BGN | -8% |
| Deputy Sales Manager | 3,900 BGN | -3% |
| Distribution Director | 4,330 BGN | +7% |
| Global Wholesale Manager | 7,460 BGN | +85% |
| Head Cashier | 2,550 BGN | -37% |
| Head of Retail | 4,730 BGN | +17% |
| Head Teller | 2,630 BGN | -35% |
| Inside Sales Executive | 3,700 BGN | -8% |
| Inside Sales Representative | 2,210 BGN | -45% |
| Inventory Manager | 3,690 BGN | -8% |
| Key Account Manager | 3,970 BGN | -2% |
| Medical Device Sales | 3,050 BGN | -24% |
| National Customer Solution Specialist | 4,600 BGN | +14% |
| Parts Salesperson | 2,220 BGN | -45% |
| Project Development Manager | 4,340 BGN | +8% |
| Project Manager | 4,480 BGN | +11% |
| Purchasing and Sales Executive | 6,280 BGN | +56% |
| Quotation Engineer | 2,060 BGN | -49% |
| Relationship Manager | 4,680 BGN | +16% |
| Retail Operations Manager | 4,070 BGN | +1% |
| Retail Sales Associate | 2,900 BGN | -28% |
| Retail Store Manager | 4,030 BGN | -0% |
| Revenue Manager | 3,970 BGN | -2% |
| Sales Account Manager | 4,380 BGN | +9% |
| Sales Admin Executive | 5,130 BGN | +27% |
| Sales Assistant | 1,640 BGN | -59% |
| Sales Associate | 2,120 BGN | -47% |
| Sales Consultant | 2,970 BGN | -26% |
| Sales Coordinator | 2,220 BGN | -45% |
| Sales Development Representative | 2,670 BGN | -34% |
| Sales Engineer | 2,470 BGN | -39% |
| Sales Executive | 4,240 BGN | +5% |
| Sales Manager | 5,700 BGN | +41% |
| Sales Officer | 2,150 BGN | -47% |
| Sales Planning Analyst | 3,700 BGN | -8% |
| Sales Representative | 2,220 BGN | -45% |
| Sales Specialist | 3,350 BGN | -17% |
| Sales Support | 1,580 BGN | -61% |
| Sales Team Leader | 3,400 BGN | -16% |
| Sales Trainer | 3,850 BGN | -5% |
| Securities Sales Agent | 3,650 BGN | -9% |
| Shipper / Receiver | 1,690 BGN | -58% |
| Shop Manager | 3,770 BGN | -6% |
| Store Development Administrator | 2,600 BGN | -36% |
| Trade Marketing Officer | 3,790 BGN | -6% |
| Treasury Officer | 3,290 BGN | -18% |
| Vice President Sales | 5,310 BGN | +32% |
| Visual Merchandiser | 1,980 BGN | -51% |
Salary Comparison By City
| City | Average Salary |
| Burgas | 3,990 BGN |
| Plovdiv | 4,590 BGN |
| Rousse | 4,190 BGN |
| Sofia | 4,440 BGN |
| Stara Zagora | 3,900 BGN |
| Varna | 4,280 BGN |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bulgaria is 9% on average across all career fields.
| Private Sector | 3,130 BGN | |
| Public Sector | +9% | 3,420 BGN |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Retail Store Manager in Bulgaria?
A good and competitive compensation would range anywhere between 3,760 BGN and 4,300 BGN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Retail Store Manager in Bulgaria ranges from 3,080 BGN to 4,300 BGN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
