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Average Salary in Prague 2020

How much money does a person working in Prague make?


Average Monthly Salary
63,600 CZK
( 763,000 CZK yearly)

LOW
16,100
CZK
AVERAGE
63,600
CZK
HIGH
284,000
CZK

A person working in Prague typically earns around 63,600 CZK per month. Salaries range from 16,100 CZK (lowest average) to 284,000 CZK (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 Prague

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

  • Salary Range

    Salaries in Prague range from 16,100 CZK per month (minimum salary) to 284,000 CZK per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 61,100 CZK per month, which means that half (50%) of the population are earning less than 61,100 CZK while the other half are earning more than 61,100 CZK. 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 34,700 CZK while 75% of them are earning more than 34,700 CZK. Also from the diagram, 75% of the population are earning less than 166,000 CZK while 25% are earning more than 166,000 CZK.


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 Czech Republic costs anywhere from 305,000 Czech Koruna(s) to 914,000 Czech Koruna(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 Czech Republic
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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 Czech Republic earn 6% more than their female counterparts on avergae across all sectors.

Male
62,800 CZK
Female-5%
59,400 CZK
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Czech Republic

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

Czech Republic

Employees in Czech Republic are likely to observe a salary increase of approximately 8% every 18 months.

Annual Salary Increment Rate Czech Republic
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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 Czech Republic is 5%.

Annual Increment Rate By Industry 2019

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

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Czech Republic
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50% of surveyed staff in Czech Republic reported that they haven't received any bonuses or incentives in the previous year while 50% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
50%
No Bonus
50%

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant47,300 CZK
Accounting Assistant37,200 CZK
Accounting Manager94,600 CZK
Bookkeeper29,400 CZK
Chartered Accountant59,000 CZK
Corporate Treasurer91,200 CZK
Financial Analyst86,500 CZK
Financial Manager130,000 CZK
Internal Auditor65,200 CZK

Administration / Reception / Secretarial
Administrative Assistant35,600 CZK
Office Manager57,800 CZK
Receptionist24,500 CZK
Secretary30,600 CZK

Advertising / Grapic Design / Events
Art Director65,500 CZK
Creative Director68,200 CZK
Graphic Designer40,500 CZK
Photographer36,100 CZK

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer86,000 CZK
Air Traffic Controller74,300 CZK
Flight Attendant45,500 CZK
Pilot117,000 CZK

Architecture
Architect76,500 CZK
CAD Drafter33,300 CZK

Automotive
Mechanic24,800 CZK
Service Advisor46,300 CZK

Banking
Bank Branch Manager123,000 CZK
Teller24,900 CZK

Bilingual
Teacher49,700 CZK
Translator59,000 CZK

Business Planning
Business Analyst85,100 CZK
Business Development Manager109,000 CZK
Project Manager74,700 CZK

Care Giving and Child Care
Nanny26,300 CZK
Nursery Teacher23,800 CZK

Construction / Building / Installation
Civil Engineer59,500 CZK
Construction Project Manager107,000 CZK
Health and Safety Officer29,400 CZK

Customer Service and Call Center
Call Center Representative25,300 CZK
Customer Service Manager87,000 CZK
Customer Service Representative24,300 CZK

Engineering
Electrical Engineer64,600 CZK
Engineer62,900 CZK
Mechanical Engineer62,700 CZK

Executive and Management
Chief Executive Officer149,000 CZK
Chief Financial Officer135,000 CZK
General Manager113,000 CZK

Food / Hospitality / Tourism / Catering
Chef40,700 CZK
Executive Chef47,600 CZK
Hotel Manager116,000 CZK
Travel Agent43,500 CZK
Waiter / Waitress19,800 CZK

Health and Medical
Dentist156,000 CZK
Dietitian123,000 CZK
Laboratory Technician49,800 CZK
Nurse53,500 CZK

Human Resources
Human Resources Manager94,600 CZK
Human Resources Officer38,800 CZK

Information Technology
Computer Technician52,500 CZK
Database Administrator67,000 CZK
Developer / Programmer67,400 CZK
Information Technology Manager109,000 CZK
Network Engineer58,100 CZK

Law Enforcement / Security / Fire
Police Officer38,600 CZK

Legal
Attorney132,000 CZK
Legal Assistant35,800 CZK

Media / Broadcasting / Arts / Entertainment
Journalist77,500 CZK

Pharmaceutical and Biotechnology
Biomedical Engineer58,500 CZK
Pharmacist84,800 CZK

Sales Retail and Wholesale
Cashier23,900 CZK
Sales Manager113,000 CZK
Sales Representative42,900 CZK

Teaching / Education
Elementary School Teacher46,400 CZK
Secondary School Teacher54,100 CZK

Average Hourly Wage in Prague


370 CZK per hour

The average hourly wage (pay per hour) in Prague is 370 CZK. This means that the average person in Prague earns approximately 370 CZK 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.

Prague VS Czech Republic

Salary Comparison Between Prague and Czech Republic monthly
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We compared salaries in Prague and Czech Republic and we found that Prague salaries are 4% more than those of Czech Republic.

Salary Comparison By City

CityAverage Salary
Prague63,600 CZK

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 Czech Republic earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
59,100 CZK
Public Sector+7%
63,300 CZK
Percentage increase and decrease are relative to the previous value

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